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India Payment Services Market Forecast to 2023 by Online Payments, M-PoS, IMPS, AePS, USSD-BHIM Transactions, UPI, M-Wallet, PoS Terminal, Payment Gateways, CUG Cards & Payment Security Segment - ResearchAndMarkets.com

December 17, 2018

DUBLIN--(BUSINESS WIRE)--Dec 17, 2018--The “India Payment Services Market Research Forecast to 2023 - By Online Payments, M-PoS, IMPS, AePS, USSD-BHIM Transactions, UPI, M-Wallet, PoS Terminal, Payment Gateways, CUG Cards and Payment Security Segment” report has been added to ResearchAndMarkets.com’s offering.

India Payment Services Market Research Forecast to 2023 covers the overall competitive landscape; government role and regulations, growth drivers, trends and developments. The report concludes with market projection for future for every single market described above highlighting the major opportunities and cautions for overall India payment services market.

India Payment Services Market

India payment services market, which has traditionally been dominated by cash, witnessed advancement towards digital transactions both in terms of value and volume during demonetization phase in India. Regulatory authorities such as the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) play a major role in establishing guidelines for effective working within India’s payments landscape. In India, cash still dominates the entire payment landscape and is expected to lead the majority share in future.

In India, merchant payments were observed to be the central aspect of all payment services for large enterprises as well as MSMEs, which are increasingly becoming integrated with PoS and mPoS terminal devices. In addition to this, emergence of consumer mobile wallets in India has helped consumers with person-to-person funds transfer, therefore facilitating small value transactions.

Surge in growth of electronic payments in India, along with rising E-commerce and M-commerce transactions, are further expected to give a boost to numerous entities including payment gateway service providers and payment aggregators that facilitate online payments in the country.

Key Topics Covered in the Report

Executive Summary Research Methodology India Payment Services Market Regulatory Framework in India Payment Services Market Credit and Debit Card Coverage, FY′2013-FY′2018 Cross Comparison of Different Payment Modes (IMPS, AePS, USSD-BHIM and UPI) in India Payment Services Market Immediate Payment Service (IMPS) Consumer Payment Landscape Aadhaar Enabled Payment System (AePS) Consumer Payment Landscape Unstructured Supplementary Service Data - Bharat Interface for Money (USSD-BHIM) Consumer Payment Landscape Unified Payments Interface (UPI) Consumer Payment Landscape India M-Wallet Market India Payment Gateway Market India Point of Sale (PoS) Terminal Market India m-PoS Market CUG Cards / Prepaid Closed Loop Cards Cloud / Security Outsourcing in Payments Technology

Companies Mentioned

AGS Transact Airtel Money ATOM Bijlipay Billdesk CC Avenue Citrus Pay Ezetap Ezetap Freecharge ICICI Pockets Idea Money Ingenico Ingenico ePayments Instamojo ITZ Cash Itzcash Jio Money M-Swipe Mobikwik Mosambee MPL) Oxigen PAX Technologies Paynear PayPal Paytm PayU PhonePay PineLabs Razor Pay SBI Buddy Verifone India Visiontek VPL

For more information about this report visit https://www.researchandmarkets.com/research/fn4cd5/india_payment?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181217005699/en/

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Related Topics:E-Business,IT Security,M-Commerce,Online Banking,Bank Cards,Mobile and Contactless Payments,Point of Sale Equipment,Physical Access Control

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY ONLINE RETAIL INTERNET PROFESSIONAL SERVICES FINANCE RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/17/2018 01:15 PM/DISC: 12/17/2018 01:16 PM

http://www.businesswire.com/news/home/20181217005699/en

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