Smartphone Penetration is on rise in India Elevating M commerce Payments Sector: 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 Ken Research declared the recent publication on “Consumer payments country snapshot: India 2016,” which offers insights on the consumer payments market in India, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. Further it includes the shrewd examination of the main regulatory players in the Indian market and analyzes the consumer attitudes to financial services by life stage and the major payment card types in terms of both card holding and usage. Moreover, publication identifies the major competitors in card issuing and how their positions in the market have evolved over the last five years. This publication helps in exploring the online payment market in India by merchant type and payment tool, as well as providing a five-year forecast for the development of the market. India will remain the fastest growing G20 economy. Private consumption will be supported by the increase in public wages and pensions and by higher agricultural production, on the back of a return to regular rain fall. Private investment will revive gradually as excess capacity in some sector decreases, infrastructure projects mature, corporate deleverage, banks empty their loan portfolios, and also the Goods and Service Tax (GST) is implemented. Despite commendable fiscal consolidation efforts at the central government level, the combined debt of states and central government remains more as compared with other emerging economies. Inflation expectations are adjusting down at a slow pace. Overall there is little space for accommodative policies, although some monetary impulse is still to come, as recent cuts in policy rates are yet to be reflected fully in lower lending rates. Reforming public banks’ balance sheets and improving their governance would support the comeback in investment. Creating more and better jobs will require policies to enhance the ease of doing business further, in specific faster and more predictable land acquisition, and upgrading social and physical infrastructure. Despite the high public deficit compared with other emerging economies, there is space to make public finance more growth-friendly and inclusive. The ongoing landmark GST and subsidy reforms are promising. The government plan to cut the corporate income tax rate while broadening the base. More revenue could be raised from the personal income tax, and its redistributive impact developed, to finance higher spending on health, education, housing, transport and water infrastructure and make growth more inclusive. Recent Trends India is the second largest consumer market globally; India being a cash-driven economy. However, digital payments will see growth in the Indian market. The key opportunity is the digitization of payments only if they are as easy to access, convenient, and secure as cash then they will contribute to the growth of financial inclusion in the country. The driving factors in such process will be the expansion of Smartphone penetration, enhancing access to the internet, and the development of a digital payments infrastructure. As the move to non-cash payments accelerates, cards will be used more frequently by Indian consumers. Providers should increasingly promote card adoption and use through merchant partnerships, reward programs, and benefits on day-to-day spending as well as educating consumers about the advantages of using payment cards over cash. To know more on the coverage, tap on the link underneath: https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/consumer-payments-country-snapshot-india/78822-93.html Related Links https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/consumer-payments-country-snapshot-sweden/80163-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/consumer-payments-country-snapshot-china/78821-93.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Alternative payment methods in India, Cards and Payment industry in India, Consumer payments country India, Digitisation of transactions in India, Global Payment Industry Research Report, India bill Payment Market Research, India Cards and payments industry trends, India Cards and Payments market share, India Money Remittance Industry, India payments industry, India Smartphone penetration, Indian economic outlook, Indian fiscal policies, Indian m-commerce industry, Mobile payment market India, Plastic money market India