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Digital Payment Systems Market in India

Digital Payment Systems Market in India
$2,250.00
$2,250.00
  • Jun 20, 2017
  • 61 pages
  • Infoholic Research
Abstract

Digital Payment Systems Market in India

The digital payment systems market in India is expected to reach $700 billion by 2022 in terms of value of transactions. It is expected that 80% of the urban population in India will adopt digital payments in their day-to-day transactions, and 70% of the retail chains will adopt them by 2022. 

Key growth factors 

Rapid expansion of digital technologies, competitive advantage, changing customer behavior, reduced transaction charges and government initiatives are expected to drive the market growth in India. Additionally, reduced transaction charges, positive policy frameworks such as Goods and Services Tax (GST), financial inclusion, improving digital infrastructure, launching payment systems such as Aadhar enabled payments, UPI, and others are bound to support and grow the digital payments industry in the country.

Impact of Demonetization

Indian mobile wallet market has witnessed a rapid increase in usage and number of downloads post demonetization. With the entry of banks into the mobile wallet business, there is tough competition among existing wallet providers. Demonetization in November 2016 led to increased competition among the players, which has resulted in higher spending on customer acquisition. At the same time, the market is attracting leading global wallet providers, which in turn, is expected to boost the digital payments industry in India

What’s covered in the report? 

  • The Indian payments industry outlook, overview and trends
  • Market segmentation and evolution and ecosystem of digital payment systems market
  • Qualitative analysis of the major drivers and challenges affecting the market post demonetization
  • Government landscape and initiatives to support the digital payment systems 

Why buy? 

  • To understand the current landscape, market outlook, major players and their strategic initiatives, and the key opportunities in the fintech sector
  • Be informed about the key developments in the digital payments market in India
  • Recognize major companies' business strategies and market dynamics and act accordingly 

Customizations Available 

With the given market data, Research on Global Markets offers customization according to specific needs. Write to support@researchonglobalmarkets.com to know more.

Table of Contents
Table of Contents
1 Industry Outlook 10
1.1 Industry Overview 10
1.2 Industry Trends 11
1.3 Pest Analysis 12
2 Report Outline 12
2.1 Report Scope 12
2.2 Report Summary 13
2.3 Research Methodology 14
2.4 Report Assumptions 14
3 Market Outlook 15
3.1 Overview 15
3.2 Market Definition
List of Figures
Charts
CHART 1 MARKET SEGMENTATION OF DIGITAL PAYMENT SYSTEMS MARKET
CHART 2 PORTER (5) FIVE FORCES
CHART 3 EVOLUTION OF DIGITAL PAYMENT SYSTEMS
CHART 4 ECOSYSTEM OF DIGITAL PAYMENT SYSTEMS MARKET
CHART 5 MARKET DYNAMICS
List of Tables
Tables
TABLE 1 INDIAN DIGITAL PAYMENT SYSTEMS MARKET REVENUE BY TYPE, FY2017-FY2023 ($BILLION)
TABLE 2 INDIAN DIGITAL PAYMENT SYSTEMS MARKET GROWTH BY TYPES, 2017-2023 (Y-O-Y, %)
TABLE 3 TOTAL NUMBER OF ACTIVE CARDS IN INDIA (IN MILLION UNITS)
TABLE 4 TOTAL VALUE OF CARD TRANSACTIONS IN INDIA (INR BILLION)
TABLE 5 ECS TRANSACTIONS VOLUME ($MILLION)
TABLE 6 ECS TRANSACTIONS VALUE ($BILLION)
TABLE 7 MOBILE WALLET MARKET REVENUE BY SERVICE TYPE, FY2017-FY2023 ($BILLION)
TABLE 8 MOBILE WALLET MARKET GROWTH BY SERVICE TYPE, FY2017-FY2023 (Y-O-Y, %)
TABLE 9 DIGITAL PAYMENT SYSTEMS MARKET REVENUE BY REGIONS, 2017-2023 ($BILLION)
TABLE 10 DIGITAL PAYMENT SYSTEMS MARKET GROWTH BY REGIONS, 2017-2023 (Y-O-Y, %)
Companies Covered