Payment Processing Solutions Market in India, 2020-2025 - Government's Digital India Concept and Increasing Use of Online Transactions are Key Drivers
DUBLIN, July 6, 2020 /PRNewswire/ -- The "India Payment Processing Solutions Market By Payment Method (Credit Card, Debit Card, E-wallet), By End User Industry (Retail, Hospitality, Utilities, Telecommunication, Others), By Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
The Indian Payment Processing Solutions Market is expected to grow at a formidable rate during the forecast period.
The key factor driving the Indian 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 Indian 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 the 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 Indian 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 Study
-- To analyze and forecast the market size of the Indian Payment Processing
Solutions Market.
-- To classify and forecast the Indian Payment Processing Solutions Market
based on payment method, end-user industry, company and regional
distribution.
-- To identify drivers and challenges for the Indian Payment Processing
Solutions Market.
-- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in the Indian Payment Processing
Solutions Market.
-- To identify and analyze the profile of leading players operating in the
Indian Payment Processing Solutions Market.
Key Topics Covered
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. India Payment Processing Solution Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Payment Method (Credit Card, Debit Card, E-wallet)
5.2.2. By End User Industry (Retail, Hospitality, Utilities, Telecommunication, Others)
5.2.3. By Region
5.2.4. By Company (2019)
5.3. Product Market Map
6. North India Payment Processing Solution Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Payment Method
6.2.2. By End User Industry
7. South India Payment Processing Solution Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Payment Method
7.2.2. By End User Industry
8. East India Payment Processing Solution Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Payment Method
8.2.2. By End User Industry
9. West India Payment Processing Solution Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Payment Method
9.2.2. By End User Industry
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends & Developments
12. Policy & Regulatory Landscape
13. India Economic Profile
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles
14.2.1. Company Details
14.2.1.1. PayPal
14.2.1.2. Paytm (One97 Communications)
14.2.1.3. PayU Payments Private Limited
14.2.1.4. Razorpay Software Private Limited
14.2.1.5. Atom Paynetz Payment Gateway (FT Group)
14.2.1.6. DirecPay
14.2.1.7. MobiKwik
14.2.1.8. EMVANTAGE Payments Private Limited
14.2.1.9. E-Billing Solutions Pvt. Ltd.
14.2.1.10. State Bank of India
14.2.1.11. HDFC Bank Ltd.
15. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/ui6eqc
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
