Key Insights
The Indian digital payment market is experiencing explosive growth, projected to reach $357.51 billion in 2025 and maintain a robust Compound Annual Growth Rate (CAGR) of 17.90% from 2025 to 2033. This surge is driven by several factors: increasing smartphone penetration and internet access across diverse demographics, the government's push for digital transactions (reducing reliance on cash), the rising popularity of e-commerce, and the convenience and security offered by digital payment platforms. Key players like PhonePe, Google Pay, Paytm, and others are constantly innovating, introducing new features, and expanding their user base through strategic partnerships and aggressive marketing campaigns. The market is segmented by payment mode (Point of Sale (POS) and online) and end-user industry (retail, entertainment, healthcare, hospitality, and others). The dominance of mobile wallets is evident, while POS systems continue to hold a significant share, particularly in offline retail. Regional variations exist, with potentially higher growth in regions with faster digital adoption rates. Challenges include infrastructure limitations in certain areas, concerns about data security and privacy, and the need for continued financial literacy initiatives to fully realize the market's potential.
The forecast period (2025-2033) anticipates continued expansion, fueled by sustained economic growth, improved infrastructure, and the ongoing evolution of digital payment technologies. Competition will remain fierce, with established players facing challenges from new entrants and innovative business models. Furthermore, regulatory changes and the integration of new technologies, such as AI and blockchain, will play a crucial role in shaping the market landscape. The market's resilience and adaptability are reflected in its capacity to navigate economic fluctuations and adapt to evolving consumer preferences, solidifying its position as a vital component of India's thriving digital economy. Focus on enhancing security measures and addressing concerns related to data privacy will be critical to maintaining consumer trust and fueling continued market growth.

Payment Market in India: A Comprehensive Market Report (2019-2033)
This in-depth report provides a comprehensive analysis of the burgeoning payment market in India, covering the period from 2019 to 2033. With a focus on market structure, competitive dynamics, industry trends, and future growth potential, this report is an essential resource for investors, businesses, and industry professionals seeking to understand and capitalize on this dynamic market. The report utilizes a robust data-driven approach, employing rigorous analysis to provide actionable insights and forecasts. The base year for this report is 2025, with an estimated year of 2025 and a forecast period spanning 2025-2033. The historical period covered is 2019-2024. The total market size in 2025 is estimated at xx Million.
Payment Market in India Market Structure & Competitive Dynamics
The Indian payment market is characterized by intense competition, rapid innovation, and a complex regulatory landscape. Market concentration is relatively high, with a few dominant players like Paytm (One97 Communications Limited), PhonePe Pvt Ltd (Flipkart Internet Pvt Ltd), Google Pay (Google LLC), and others controlling a significant share of the market. However, the market also displays a vibrant ecosystem of smaller fintech firms and traditional players vying for market share. The success of these players hinges on factors including technological innovation, strategic partnerships, and the ability to adapt to evolving regulatory frameworks. Recent M&A activity reflects this competitive pressure. While precise deal values for many transactions remain undisclosed, the acquisition of Curlec by Razorpay highlights a trend of expansion into new markets and service offerings. The market share for the top 5 players in 2025 is estimated at approximately xx Million.
- Market Concentration: High, with a few dominant players.
- Innovation Ecosystem: Highly dynamic, with continuous development of new payment technologies and services.
- Regulatory Framework: Complex and evolving, impacting market entry and operations.
- Product Substitutes: Limited, with most alternatives tied to traditional banking systems.
- End-User Trends: Increasing adoption of digital payments, driven by smartphone penetration and government initiatives.
- M&A Activity: Frequent, reflecting consolidation and expansion efforts.
Payment Market in India Industry Trends & Insights
The Indian payment market is experiencing exponential growth, driven by several factors. The widespread adoption of smartphones and increasing internet penetration has fueled the shift towards digital payments. Government initiatives like the promotion of UPI (Unified Payments Interface) have significantly accelerated this transition. Technological disruptions, such as the rise of mobile wallets and super-apps, continue to reshape the market landscape. Consumer preferences are shifting towards convenient, secure, and cashless transactions. The competitive dynamics are marked by intense rivalry among established players and the emergence of new fintech entrants, leading to innovation and price competition. The CAGR for the market during the forecast period is projected at xx%. Market penetration of digital payment systems is anticipated to reach xx% by 2033.

Dominant Markets & Segments in Payment Market in India
The Indian payment market is largely dominated by the online sales segment in terms of transaction volume. The retail sector is the largest end-user industry, followed by entertainment and hospitality.
By Mode of Payment:
- Point of Sale (POS): Growth driven by increasing merchant adoption of digital POS systems and the expanding reach of UPI.
- Online Sales: Dominates the market due to the high growth of e-commerce and online transactions.
By End-user Industry:
- Retail: Largest segment, driven by the increasing preference for digital payments in retail transactions.
- Entertainment: Significant growth due to the increasing usage of digital platforms for entertainment consumption.
- Healthcare: Growing adoption of digital payment methods in healthcare settings.
- Hospitality: Rising adoption driven by the convenience and efficiency of digital payments for hotel and restaurant transactions.
- Other End-user Industries: Includes various sectors gradually adopting digital payment systems.
Key Drivers:
- Government Initiatives: Policies promoting digital payments and financial inclusion.
- Technological Advancements: Development of innovative payment technologies.
- Infrastructure Development: Improved internet connectivity and mobile network penetration.
Payment Market in India Product Innovations
The Indian payment market is witnessing a surge in product innovation, driven by technological advancements and the evolving needs of consumers. New products focus on enhanced security, convenience, and personalization. Innovations include embedded finance solutions, buy now pay later (BNPL) options, and AI-powered fraud detection systems. These innovations cater to the diverse needs of consumers and businesses, fostering competition and driving market growth. The success of these innovations hinges on user experience and integration with existing ecosystems.
Report Segmentation & Scope
This report segments the Indian payment market by mode of payment (Point of Sale and Online Sale) and end-user industry (Retail, Entertainment, Healthcare, Hospitality, and Other End-user Industries). Each segment's growth projections, market sizes, and competitive dynamics are thoroughly analyzed. The report also considers the impact of regulatory changes and technological advancements on each segment. Detailed growth forecasts for each segment are included in the full report. Specific market size for each segment in 2025 is estimated at xx Million each.
Key Drivers of Payment Market in India Growth
The growth of the Indian payment market is primarily driven by several factors: Government initiatives promoting digitalization, like the push for UPI, have drastically increased digital payments. The rapid expansion of internet and mobile phone penetration provides a vast potential customer base. The increasing adoption of e-commerce and online services necessitates convenient payment methods. Technological advancements such as improved security features and user-friendly interfaces contribute to the market's growth.
Challenges in the Payment Market in India Sector
Despite its growth, the Indian payment market faces certain challenges. Concerns surrounding data security and privacy persist. Infrastructure limitations, especially in rural areas, hinder wider adoption. The complexities of the regulatory landscape can create hurdles for market participants. Maintaining a balance between financial inclusion and robust security measures remains a critical challenge. The impact of these challenges on market growth is estimated at xx Million in lost revenue annually.
Leading Players in the Payment Market in India Market
- PhonePe Pvt Ltd (Flipkart Internet Pvt Ltd)
- Visa Inc
- Google pay (Google LLC)
- One MobiKwik Systems Limited
- Amazon Pay (Amazon com Inc )
- Freecharge Payment Technologies Pvt Ltd
- American Express Company
- Mastercard Inc
- Paytm(One97 Communications Limited)
- Rupay
Key Developments in Payment Market in India Sector
- December 2021: Indipaisa launches Fintech solutions for India's SME sector.
- February 2022: Razorpay expands internationally through Curlec acquisition.
- April 2022: India Post Payments Bank launches Fincluvation platform for fintech collaboration.
- May 2022: Slice introduces UPI payments for its users.
Strategic Payment Market in India Market Outlook
The Indian payment market exhibits immense future potential, driven by sustained digital adoption, government support, and technological innovation. Strategic opportunities lie in expanding financial inclusion, developing innovative payment solutions for underserved segments, and leveraging emerging technologies like AI and blockchain. The market is poised for continued strong growth, with further consolidation among players and the emergence of new business models. The market is expected to reach xx Million by 2033.
Payment Market in India Segmentation
-
1. Mode of Payment
-
1.1. Point of Sale
- 1.1.1. Card Pay
- 1.1.2. Digital Wallet (includes Mobile Wallets)
- 1.1.3. Cash
- 1.1.4. Others
-
1.2. Online Sale
- 1.2.1. Others (
-
1.1. Point of Sale
-
2. End-user Industry
- 2.1. Retail
- 2.2. Entertainment
- 2.3. Healthcare
- 2.4. Hospitality
- 2.5. Other End-user Industries
Payment Market in India Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
-
2. South America
- 2.1. Brazil
- 2.2. Argentina
- 2.3. Rest of South America
-
3. Europe
- 3.1. United Kingdom
- 3.2. Germany
- 3.3. France
- 3.4. Italy
- 3.5. Spain
- 3.6. Russia
- 3.7. Benelux
- 3.8. Nordics
- 3.9. Rest of Europe
-
4. Middle East & Africa
- 4.1. Turkey
- 4.2. Israel
- 4.3. GCC
- 4.4. North Africa
- 4.5. South Africa
- 4.6. Rest of Middle East & Africa
-
5. Asia Pacific
- 5.1. China
- 5.2. India
- 5.3. Japan
- 5.4. South Korea
- 5.5. ASEAN
- 5.6. Oceania
- 5.7. Rest of Asia Pacific

Payment Market in India REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 17.90% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1 Robust Growth of E-commerce and Rise of M-commerce is Expected to Drive the Payments Market; Enablement Programs by Key Retailers and Government encouraging digitization of the market; Real-time Payments
- 3.2.2 such as UPI and Buy Now Pay Later to Drive the Indian Payments Market
- 3.3. Market Restrains
- 3.3.1. High Costs Associated With Testing Equipment
- 3.4. Market Trends
- 3.4.1. Robust Growth of E-commerce and Rise of M-commerce is Expected to Drive the Payments Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Payment Market in India Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Mode of Payment
- 5.1.1. Point of Sale
- 5.1.1.1. Card Pay
- 5.1.1.2. Digital Wallet (includes Mobile Wallets)
- 5.1.1.3. Cash
- 5.1.1.4. Others
- 5.1.2. Online Sale
- 5.1.2.1. Others (
- 5.1.1. Point of Sale
- 5.2. Market Analysis, Insights and Forecast - by End-user Industry
- 5.2.1. Retail
- 5.2.2. Entertainment
- 5.2.3. Healthcare
- 5.2.4. Hospitality
- 5.2.5. Other End-user Industries
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. South America
- 5.3.3. Europe
- 5.3.4. Middle East & Africa
- 5.3.5. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Mode of Payment
- 6. North America Payment Market in India Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Mode of Payment
- 6.1.1. Point of Sale
- 6.1.1.1. Card Pay
- 6.1.1.2. Digital Wallet (includes Mobile Wallets)
- 6.1.1.3. Cash
- 6.1.1.4. Others
- 6.1.2. Online Sale
- 6.1.2.1. Others (
- 6.1.1. Point of Sale
- 6.2. Market Analysis, Insights and Forecast - by End-user Industry
- 6.2.1. Retail
- 6.2.2. Entertainment
- 6.2.3. Healthcare
- 6.2.4. Hospitality
- 6.2.5. Other End-user Industries
- 6.1. Market Analysis, Insights and Forecast - by Mode of Payment
- 7. South America Payment Market in India Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Mode of Payment
- 7.1.1. Point of Sale
- 7.1.1.1. Card Pay
- 7.1.1.2. Digital Wallet (includes Mobile Wallets)
- 7.1.1.3. Cash
- 7.1.1.4. Others
- 7.1.2. Online Sale
- 7.1.2.1. Others (
- 7.1.1. Point of Sale
- 7.2. Market Analysis, Insights and Forecast - by End-user Industry
- 7.2.1. Retail
- 7.2.2. Entertainment
- 7.2.3. Healthcare
- 7.2.4. Hospitality
- 7.2.5. Other End-user Industries
- 7.1. Market Analysis, Insights and Forecast - by Mode of Payment
- 8. Europe Payment Market in India Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Mode of Payment
- 8.1.1. Point of Sale
- 8.1.1.1. Card Pay
- 8.1.1.2. Digital Wallet (includes Mobile Wallets)
- 8.1.1.3. Cash
- 8.1.1.4. Others
- 8.1.2. Online Sale
- 8.1.2.1. Others (
- 8.1.1. Point of Sale
- 8.2. Market Analysis, Insights and Forecast - by End-user Industry
- 8.2.1. Retail
- 8.2.2. Entertainment
- 8.2.3. Healthcare
- 8.2.4. Hospitality
- 8.2.5. Other End-user Industries
- 8.1. Market Analysis, Insights and Forecast - by Mode of Payment
- 9. Middle East & Africa Payment Market in India Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Mode of Payment
- 9.1.1. Point of Sale
- 9.1.1.1. Card Pay
- 9.1.1.2. Digital Wallet (includes Mobile Wallets)
- 9.1.1.3. Cash
- 9.1.1.4. Others
- 9.1.2. Online Sale
- 9.1.2.1. Others (
- 9.1.1. Point of Sale
- 9.2. Market Analysis, Insights and Forecast - by End-user Industry
- 9.2.1. Retail
- 9.2.2. Entertainment
- 9.2.3. Healthcare
- 9.2.4. Hospitality
- 9.2.5. Other End-user Industries
- 9.1. Market Analysis, Insights and Forecast - by Mode of Payment
- 10. Asia Pacific Payment Market in India Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Mode of Payment
- 10.1.1. Point of Sale
- 10.1.1.1. Card Pay
- 10.1.1.2. Digital Wallet (includes Mobile Wallets)
- 10.1.1.3. Cash
- 10.1.1.4. Others
- 10.1.2. Online Sale
- 10.1.2.1. Others (
- 10.1.1. Point of Sale
- 10.2. Market Analysis, Insights and Forecast - by End-user Industry
- 10.2.1. Retail
- 10.2.2. Entertainment
- 10.2.3. Healthcare
- 10.2.4. Hospitality
- 10.2.5. Other End-user Industries
- 10.1. Market Analysis, Insights and Forecast - by Mode of Payment
- 11. North India Payment Market in India Analysis, Insights and Forecast, 2019-2031
- 12. South India Payment Market in India Analysis, Insights and Forecast, 2019-2031
- 13. East India Payment Market in India Analysis, Insights and Forecast, 2019-2031
- 14. West India Payment Market in India Analysis, Insights and Forecast, 2019-2031
- 15. Competitive Analysis
- 15.1. Global Market Share Analysis 2024
- 15.2. Company Profiles
- 15.2.1 PhonePe Pvt Ltd (Flipkart Internet Pvt Ltd)
- 15.2.1.1. Overview
- 15.2.1.2. Products
- 15.2.1.3. SWOT Analysis
- 15.2.1.4. Recent Developments
- 15.2.1.5. Financials (Based on Availability)
- 15.2.2 Visa Inc
- 15.2.2.1. Overview
- 15.2.2.2. Products
- 15.2.2.3. SWOT Analysis
- 15.2.2.4. Recent Developments
- 15.2.2.5. Financials (Based on Availability)
- 15.2.3 Google pay (Google LLC)
- 15.2.3.1. Overview
- 15.2.3.2. Products
- 15.2.3.3. SWOT Analysis
- 15.2.3.4. Recent Developments
- 15.2.3.5. Financials (Based on Availability)
- 15.2.4 One MobiKwik Systems Limited
- 15.2.4.1. Overview
- 15.2.4.2. Products
- 15.2.4.3. SWOT Analysis
- 15.2.4.4. Recent Developments
- 15.2.4.5. Financials (Based on Availability)
- 15.2.5 Amazon Pay (Amazon com Inc )
- 15.2.5.1. Overview
- 15.2.5.2. Products
- 15.2.5.3. SWOT Analysis
- 15.2.5.4. Recent Developments
- 15.2.5.5. Financials (Based on Availability)
- 15.2.6 Freecharge Payment Technologies Pvt Ltd*List Not Exhaustive
- 15.2.6.1. Overview
- 15.2.6.2. Products
- 15.2.6.3. SWOT Analysis
- 15.2.6.4. Recent Developments
- 15.2.6.5. Financials (Based on Availability)
- 15.2.7 American Express Company
- 15.2.7.1. Overview
- 15.2.7.2. Products
- 15.2.7.3. SWOT Analysis
- 15.2.7.4. Recent Developments
- 15.2.7.5. Financials (Based on Availability)
- 15.2.8 Mastercard Inc
- 15.2.8.1. Overview
- 15.2.8.2. Products
- 15.2.8.3. SWOT Analysis
- 15.2.8.4. Recent Developments
- 15.2.8.5. Financials (Based on Availability)
- 15.2.9 Paytm(One97 Communications Limited)
- 15.2.9.1. Overview
- 15.2.9.2. Products
- 15.2.9.3. SWOT Analysis
- 15.2.9.4. Recent Developments
- 15.2.9.5. Financials (Based on Availability)
- 15.2.10 Rupay
- 15.2.10.1. Overview
- 15.2.10.2. Products
- 15.2.10.3. SWOT Analysis
- 15.2.10.4. Recent Developments
- 15.2.10.5. Financials (Based on Availability)
- 15.2.1 PhonePe Pvt Ltd (Flipkart Internet Pvt Ltd)
List of Figures
- Figure 1: Global Payment Market in India Revenue Breakdown (Million, %) by Region 2024 & 2032
- Figure 2: India Payment Market in India Revenue (Million), by Country 2024 & 2032
- Figure 3: India Payment Market in India Revenue Share (%), by Country 2024 & 2032
- Figure 4: North America Payment Market in India Revenue (Million), by Mode of Payment 2024 & 2032
- Figure 5: North America Payment Market in India Revenue Share (%), by Mode of Payment 2024 & 2032
- Figure 6: North America Payment Market in India Revenue (Million), by End-user Industry 2024 & 2032
- Figure 7: North America Payment Market in India Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 8: North America Payment Market in India Revenue (Million), by Country 2024 & 2032
- Figure 9: North America Payment Market in India Revenue Share (%), by Country 2024 & 2032
- Figure 10: South America Payment Market in India Revenue (Million), by Mode of Payment 2024 & 2032
- Figure 11: South America Payment Market in India Revenue Share (%), by Mode of Payment 2024 & 2032
- Figure 12: South America Payment Market in India Revenue (Million), by End-user Industry 2024 & 2032
- Figure 13: South America Payment Market in India Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 14: South America Payment Market in India Revenue (Million), by Country 2024 & 2032
- Figure 15: South America Payment Market in India Revenue Share (%), by Country 2024 & 2032
- Figure 16: Europe Payment Market in India Revenue (Million), by Mode of Payment 2024 & 2032
- Figure 17: Europe Payment Market in India Revenue Share (%), by Mode of Payment 2024 & 2032
- Figure 18: Europe Payment Market in India Revenue (Million), by End-user Industry 2024 & 2032
- Figure 19: Europe Payment Market in India Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 20: Europe Payment Market in India Revenue (Million), by Country 2024 & 2032
- Figure 21: Europe Payment Market in India Revenue Share (%), by Country 2024 & 2032
- Figure 22: Middle East & Africa Payment Market in India Revenue (Million), by Mode of Payment 2024 & 2032
- Figure 23: Middle East & Africa Payment Market in India Revenue Share (%), by Mode of Payment 2024 & 2032
- Figure 24: Middle East & Africa Payment Market in India Revenue (Million), by End-user Industry 2024 & 2032
- Figure 25: Middle East & Africa Payment Market in India Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 26: Middle East & Africa Payment Market in India Revenue (Million), by Country 2024 & 2032
- Figure 27: Middle East & Africa Payment Market in India Revenue Share (%), by Country 2024 & 2032
- Figure 28: Asia Pacific Payment Market in India Revenue (Million), by Mode of Payment 2024 & 2032
- Figure 29: Asia Pacific Payment Market in India Revenue Share (%), by Mode of Payment 2024 & 2032
- Figure 30: Asia Pacific Payment Market in India Revenue (Million), by End-user Industry 2024 & 2032
- Figure 31: Asia Pacific Payment Market in India Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 32: Asia Pacific Payment Market in India Revenue (Million), by Country 2024 & 2032
- Figure 33: Asia Pacific Payment Market in India Revenue Share (%), by Country 2024 & 2032
List of Tables
- Table 1: Global Payment Market in India Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Global Payment Market in India Revenue Million Forecast, by Mode of Payment 2019 & 2032
- Table 3: Global Payment Market in India Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 4: Global Payment Market in India Revenue Million Forecast, by Region 2019 & 2032
- Table 5: Global Payment Market in India Revenue Million Forecast, by Country 2019 & 2032
- Table 6: North India Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 7: South India Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: East India Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: West India Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Global Payment Market in India Revenue Million Forecast, by Mode of Payment 2019 & 2032
- Table 11: Global Payment Market in India Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 12: Global Payment Market in India Revenue Million Forecast, by Country 2019 & 2032
- Table 13: United States Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Canada Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 15: Mexico Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 16: Global Payment Market in India Revenue Million Forecast, by Mode of Payment 2019 & 2032
- Table 17: Global Payment Market in India Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 18: Global Payment Market in India Revenue Million Forecast, by Country 2019 & 2032
- Table 19: Brazil Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: Argentina Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 21: Rest of South America Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: Global Payment Market in India Revenue Million Forecast, by Mode of Payment 2019 & 2032
- Table 23: Global Payment Market in India Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 24: Global Payment Market in India Revenue Million Forecast, by Country 2019 & 2032
- Table 25: United Kingdom Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 26: Germany Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 27: France Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 28: Italy Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 29: Spain Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 30: Russia Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 31: Benelux Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 32: Nordics Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 33: Rest of Europe Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 34: Global Payment Market in India Revenue Million Forecast, by Mode of Payment 2019 & 2032
- Table 35: Global Payment Market in India Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 36: Global Payment Market in India Revenue Million Forecast, by Country 2019 & 2032
- Table 37: Turkey Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 38: Israel Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 39: GCC Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 40: North Africa Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 41: South Africa Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 42: Rest of Middle East & Africa Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 43: Global Payment Market in India Revenue Million Forecast, by Mode of Payment 2019 & 2032
- Table 44: Global Payment Market in India Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 45: Global Payment Market in India Revenue Million Forecast, by Country 2019 & 2032
- Table 46: China Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 47: India Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 48: Japan Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 49: South Korea Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 50: ASEAN Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 51: Oceania Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
- Table 52: Rest of Asia Pacific Payment Market in India Revenue (Million) Forecast, by Application 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Payment Market in India?
The projected CAGR is approximately 17.90%.
2. Which companies are prominent players in the Payment Market in India?
Key companies in the market include PhonePe Pvt Ltd (Flipkart Internet Pvt Ltd), Visa Inc, Google pay (Google LLC), One MobiKwik Systems Limited, Amazon Pay (Amazon com Inc ), Freecharge Payment Technologies Pvt Ltd*List Not Exhaustive, American Express Company, Mastercard Inc, Paytm(One97 Communications Limited), Rupay.
3. What are the main segments of the Payment Market in India?
The market segments include Mode of Payment, End-user Industry.
4. Can you provide details about the market size?
The market size is estimated to be USD 357.51 Million as of 2022.
5. What are some drivers contributing to market growth?
Robust Growth of E-commerce and Rise of M-commerce is Expected to Drive the Payments Market; Enablement Programs by Key Retailers and Government encouraging digitization of the market; Real-time Payments. such as UPI and Buy Now Pay Later to Drive the Indian Payments Market.
6. What are the notable trends driving market growth?
Robust Growth of E-commerce and Rise of M-commerce is Expected to Drive the Payments Market.
7. Are there any restraints impacting market growth?
High Costs Associated With Testing Equipment.
8. Can you provide examples of recent developments in the market?
December 2021 - Indipaisa, a member of the Nexxo Network, an international network of Fintech companies operating in the Middle East, Asia, and Europe, announced to launch of a set of innovative Financial Technology (Fintech) solutions targeting India's flourishing 63 million Small and Mid-sized Enterprise (SME) sector. Indipaisa, in partnership with NSDL Payments Bank, announced the introduction of multiple financial products and services customized from the ground up to match the specific needs of Indian SME owners and operators.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Payment Market in India," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Payment Market in India report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Payment Market in India?
To stay informed about further developments, trends, and reports in the Payment Market in India, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence