India payment processing solutions
market is expected to grow at a formidable rate during the forecast period. The
key factor driving India payment processing solutions market is the government’s
digital India concept and increasing use of online transactions. Additionally, high
proliferation of smartphones and growing internet penetration are further
expected to propel the market during forecast period.
The India payment processing
solutions market is segmented based on payment method, end user industry,
company and regional distribution. Based on payment method, the market can be
categorized into credit card, debit card and E-wallet. The debit cards and
credit cards are expected to dominate the market during the forecast period.
This can be accredited to the widespread card network of financial institutes.
Furthermore, the widespread adoption of POS systems also encourages the widespread
use of these cards for payment. Based on end user industry, the market can be
fragmented into retail, hospitality, utilities, telecommunication and others.
The hospitality segment holds the majority share in the market owing to the widespread
adoption of digital payment solutions across the industry.
Major players operating in the India
payment processing solutions market include PayPal, Paytm
(One97 Communications), PayU Payments Private Limited, Razorpay Software
Private Limited, Atom Paynetz Payment Gateway (FT Group), DirecPay, MobiKwik, EMVANTAGE
Payments Private Limited, E-Billing Solutions Pvt Ltd., State Bank of India, HDFC
Bank Ltd and others.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the
- To analyze and forecast the market size of India
payment processing solutions market.
- To classify and forecast India payment
processing solutions market based on payment method, end user industry, company
and regional distribution.
- To identify drivers and challenges for India payment
processing solutions market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
payment processing solutions market.
- To identify and analyze the profile of leading
players operating in India payment processing solutions market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service providers across the country. Subsequently, TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service providers, distribution channels and presence of all
major players across the country.
TechSci Research calculated the market size of India payment processing solutions market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Payment processing solutions
service providers, vendors and other stakeholders
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to payment processing solutions
- Market research and
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
In this report, India payment
processing solutions market has been segmented into following categories,
in addition to the industry trends which have also been detailed below:
- Market, By Payment Method:
- Credit Card
- Debit Card
- Market, By End User Industry:
Company Profiles: Detailed analysis of the major
companies present in India payment processing solutions market.
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]
- Detailed analysis and
profiling of additional market players (up to five).