From cash to digital payments, the India story is exciting. This report highlights the global payment market landscape – market size, growth, and key players, details the evolution of the payment landscape in India, along with key drivers and enabling environment, funding scenario, top trends, challenges, and future outlook.
It also covers profiles of 24 players of the Indian payments industry, across various categories such as Transaction Gateways & Platforms, ATM & POS services, Online/Mobile Wallets, Remittance, Cash Cards, and Bitcoins.
1/3rd of the country’s population is unbanked - tremendous scale and opportunity for financial inclusion.
Payments landscape is growing, with 120+ firms.
Birth of new business models – mobile wallets, prepaid cash cards. Mobile wallets expected to become an USD 6 billion opportunity by 2020.
Funding is gaining momentum, with > USD 1 billion invested since 2015.
Licensing to 11 payment banks, innovation in the traditional financial market, Increasing electronification/mobile adoption, business diversification, etc.
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