Paytm, Freecharge, Mobikwik and Airtel Money Dominated the Market Transaction Volume in FY’2015 – Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit India bills payments market has grown at CAGR of 15.5% during FY’2010 to FY’2015 in terms of volume of bills paid. This market has grown piggybacking on the growth in the number of subscribers of Mobile, DTH, Data Card and utility services; higher internet penetration in India esp. through the use of wireless devices; increased access to electrical appliances & higher tariff charges resulting in higher spending on electrical bills and rise in prices cooking gas. Also, the emergence of online payment portals, mobile wallet companies and payment banks has enabled the growth in bills payment market by offering lucrative deals such as cash back or discounts thus providing more value for money to the customers. Intense competition and strategic collaboration among these participants will help scale up acceptance of digital bill payments and foster growth. India bills payment market has been segmented on the basis of mode of payment into online bills payment market and offline bills payment market. Online bills payment is self initiated by the consumer and involves a digital payment while offline bills payment involves payment in cash to the billers or its designated payment outlet. The rapid growth of smartphone users, Internet penetration and e-commerce is driving the growth of non cash payments. There are a big number of mobile first internet users who do not need a laptop or a desktop to make an online bill payment. India bills payment market comprises of four major components namely, mobile bills payment, DTH bills payment, data card bills payment and utility bills payment. Mobile wallet market in India is surging on account of growing online transactions, rising trend towards mobile banking, and ease of usage of mobile wallet applications. Mobile wallets have been transforming the digital payments landscape in India which in turn has helped mobile wallet bills payment market grow rapidly. Earlier, mobile wallets were used only for mobile recharges, which have now been extended to data card bill payments, DTH recharge and utility bill payments. However, during 2014-15, the use of mobile wallets surpassed the boundaries of bill payments and expanded its portfolio to include money transfers, e-commerce payments, payments for booking movie tickets, rail tickets with a host of other online bookings and payments. The mobile wallet bills payment market in India is majorly dominated by a few large players, which have managed to gain dominance over the market in a very short span of time. The largest player in the mobile wallet bill payment market of India in FY’2015 was Paytm. Paytm is the first company that entered e-commerce space with mobile-first and wallet-first approach to e-commerce. Freecharge has been the second major player in the market of mobile wallets in India. It recently added metro card recharging as a feature of its platform. The wallet can be topped up with debit cards, credit cards and net banking. India offline bills payment market stands for the market of cash bills payment. These cash bill payments can be made at the retail-cum-payment outlets or at the biller’s desk. Biller’s desk would mean the premises of the service provider as in case of the electricity service provider allows the customers to move to its premises to make a bills payment at the counter. During FY’2015, 94% transaction volume in the mobile bills payments market were generated from offline payment channels. In order to tap the vast consumer base in India the mobile and DTH service providers adopted a 2-tiered distribution channel. These providers appointed distributors and the distributor brought a number of retailers on panel. For further detail follow the below mentioned link: https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/india-payment-services-market-research-report/625-93.html Tags: Airtel Money Mobile Wallet Payment, Banks Bill Payment Statistics, Bill Desk Payment Market, Biller’s Portal Future Transaction, billers’ desk transaction volume, Easy Bill Transaction Volume Market, Freecharge Market Share Bill Payment, India bill payment market, India bill payment market analysis, India bill payment market future, India bill payment market report, India bill payment market trends, India bill payment market volume, Mobile Wallet Bills Payment, Online Bill Payment Sector, Oxigen Wallet Bill Payment, Suvidhaa Pay Bill Market, Third Party Bill Payment Market, Vodafone M-Pesa Transaction bills