Total Digital Payment transaction value in India is expected to project over USD $300 Bn by 2027. Will India abide by this statistic? : Ken Research 1. M-Wallet transactions are observed to grow at a massive growth rate as it saves time by not adding Card number, CVV, etc. Click to know: Landscape of M-wallets in India Compared to other payment modes in India, M-wallet service providers have emerged as the most significant contributor in promoting electronic payments in the country… Read More »
The total market size for the India Payment service market has risen to approx. INR 73,000 Tn. in 2022. Will India be able to sustain the growth trajectory? 1. Central Bank Digital Currency (CBDC) as India’s official digital Rupee, is further expected to strengthen the Indian payments market Click to Read Article: India Payment Service Market As per Union Budget 2022-23, to boost India’s digital economy, the Reserve Bank of India (RBI) will soon be launching the Central Bank Digital Currency (CBDC) as… Read More »
India Payment Market Size, Share, Trends, Growth, Report – Ken Research 1. The Digital Payment Industry is flourishing with the increased demand for cashless transactions due to Covid-19. To Know More about this report, download a Free Sample Report The India Payment Service Market is expected to grow owing to multiple factors such as the launch of new and innovative payment products and increase demand for… Read More »
The India Payment Service Market Is Expected To Grow From FY22-FY27F, Driven By The Launch Of New And Innovative Payment Products, Increasing Smartphone Adoption, And A Strong Push From The Government And Regulators Towards Adoption Of Digital Channels: Ken Research India Payment Services Market Ecosystem India Payment Service Market is in the growing stage, being driven by the launch of new and innovative payment products, increasing demand for cashless transaction, increasing smartphone adoption, a growing need for faster payment modes, and a strong push from the Government and regulators towards adoption of digital channels. India’s… Read More »
India Payment Service Market Is Expected To Grow At A CAGR Of 5.7% From 2022 To 2028 – Ken Research The Payment Service Market in India has grown significantly owing to the launch of new and innovative payment products by the payment companies, the rising need for faster payment modes, and a strong push from the Government and regulators toward the adoption of digital channels. India Payment Service Market Overview: The Payment Service Market in… Read More »
India Payment Services Market is expected to reach INR 2,023 Trillion in Transaction Value by FY 2026: Ken Research Key Finding A shift in consumer’s payment preference was noted with the advent of unprecedented situation of COVID-19 wherein individuals are relying more on online transactions rather than the traditional medium of cash based transactions. Surge in growth of electronic payments in India, along with rising E-commerce and M-commerce transactions are further expected to give… Read More »
India Payment Services Market, Industry, Market Revenue, Market Sales, Market Shares, Market Major Players, Market Growth and Analysis: Ken Research Overview of India Payment Service 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 the demonetization phase in India. The total market size for the India Payment service market has raised from INR ~ trillion in FY’16 to INR… Read More »
India Payment Services Market Growing with the Surging developments in Digital Payment Ecosystem and Infrastructure: Ken Research “Launch of innovative payment products such as UPI, NETC-FASTag, and BBPS among others has driven the growth of Payment Services Market in India.” Digital India Campaign and Economic Goals: The government of India has been extensively focusing on “Digital India” campaign initially launched in 2015 to improve the online infrastructure of the country to ensure… Read More »
India Payment Services Market Outlook to 2026: Ken Research The report titled “India Payment Services Market Outlook to 2026” provides a comprehensive analysis of the payment services, payment gateway, m-wallet, POS Terminals, credit and debit card, payment security and prepaid instruments market in India. The report focuses on the overall competitive landscape; government role and regulations, growth drivers, COVID impact, trends and developments. Furthermore… Read More »
