Payment Gateways Business Model India, Service Provides India, Growth of Payment Gateway India, India PoS Terminal Device Installations : Ken Research

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• India Payment Services Market Research Report -
  Ken Research

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• The report titled India Payment Services Market
  Research Forecast to 2023 By Online Payments,
  M-PoS, IMPS, AePS, USSD-BHIM Transactions, UPI,
  M-Wallet, PoS Terminal, Payment Gateways, CUG
  Cards and Payment Security Segment, provides a
  comprehensive analysis of payment services ,
  m-wallet, payment gateway, mPOS, POS Terminals
  and Payment Security market in India. The report
  covers the overall competitive landscape
  government role and regulations, growth drivers,
  trends and developments. The report concludes
  with market projection for future for every
  single market described above highlighting the
  major opportunities and cautions for overall
  India payment services market.

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• India Payment Services 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 demonetization
  phase in India. Regulatory authorities such as
  the Reserve Bank of India (RBI) and the National
  Payments Corporation of India (NPCI) play a major
  role in establishing guidelines for effective
  working within Indias payments landscape. In
  India, cash still dominates the entire payment
  landscape in India and is expected to lead the
  majority share in future.
• In India, merchant payments were observed to be
  the central aspect of all payment services for
  large enterprises as well as MSMEs, which are
  increasingly becoming integrated with PoS and
  mPoS terminal devices. In addition to this,
  emergence of consumer mobile wallets in India has
  helped consumers with person-to-person funds
  transfer, therefore facilitating small value
  transactions. Surge in growth of electronic
  payments in India, along with rising E-commerce
  and M-commerce transactions are further expected
  to give a boost to numerous entities including
  payment gateway service providers and payment
  aggregators that facilitate online payments in
  the country.

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• India M-Wallet Market
• 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 owing to the
  increasing usage of internet and smartphone users
  in the country. In terms of transaction volume,
  the semi-loop wallet type established itself as
  market leader in India m-wallet market and was
  followed by closed loop wallets in FY2018. Some
  of the major companies having semi-closed wallets
  include Paytm, Mobikwik, Oxigen wallet and others
  whereas, closed wallet type companies include SBI
  E-Buddy, HDFC PayZapp and telecom operators such
  as Airtel Money, Jio Money, Vodafone M-Pesa and
  others. Social gifting is on the verge of
  becoming a popular trend among young tech-savvy
  customer base which could drive money transfer
  through mobile wallets, especially on festive
  occasions in near future.

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• India Payment Gateway Market
• Some of the leading payment gateway companies in
  India include CC Avenues, Payu Money, EBS,
  Billdesk and others. India payment gate-way
  market was majorly driven by demanding factors
  from consumers such as faster checkout and
  digital security. Increasing cybercrimes or
  threats have become a major key factor for
  payment gateway service providers, as it has
  affected the companys profitability and
  revenues. By end users, large enterprises were
  observed to dominate the Indian payment gateway
  market owing to a higher penetration in the
  countrys online payment ecosystem in comparison
  with SMEs. It has been forecasted that the
  merchants dashboard would become key focus for
  market leaders such as failure rate analytics and
  chargeback dashboards in near future.

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• India PoS (Point of Sale) Terminal Market
• PoS terminals were launched as a computerized
  replacement of cash register where customers can
  make an online transaction with the help of their
  debit or credit cards. India PoS terminal market
  was heavily dependent up on the card acceptance
  infrastructure consisting of ATMs and PoS
  terminal devices. In terms of number of device
  installations, metro cities were witnessed to
  dominate India PoS terminal market majorly due to
  higher usage and penetration of debit and credit
  cards in these cities whereas, non-metro cities
  were observed to catch up by spreading awareness
  regarding PoS devices enabled with Aadhaar
  enabled Payment System (AePS) in rural India.
  Large retail formats, such as Big Bazaar,
  Shoppers Stop and other malls were observed to
  install traditional PoS systems that work on GPRS
  technology. Introduction of QR code bases system
  and NFC payment technology is further expected to
  give a boost to the countrys PoS terminal market
  over long term.

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• India M-PoS (Mobile-Point of Sale) Terminal
  Market
• An increasing number of medium sized and large
  sized merchants were witnessed as early adopters
  of tablet based mPoS devices. As large number of
  merchants has already been a part of a wide user
  base, banks became a suitable partner to reach
  out to target customers. The market observed a
  major gap in the demand and supply of mPoS
  hardware during demonetization phase which
  resulted in increased number of manufacturers for
  several mPoS companies. Integrating with sensors,
  video monitors and cameras which would provide
  smart advertising to customers based on
  environment and purchasing trends.

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• Key Segments Covered
• India Payment Services Market
• By Desktop Payments and Mobile Payments
• By Type of Industry (Financial Services, Retail,
  Online Travel and Others)
• India M-Wallet Market
• By Transaction Type (Semi-Closed Loop and Open
  loop)
• By End-User (Consumer and Enterprise)
• India Payment Gateway Market
• By End-User (Large Enterprises and SMEs)
• By Type of Payment Modes (Net Banking, Debit
  Cards, Credit Cards and Others)
• By Type of Transactions (E-Commerce, Financial
  Services, Utility Bills and Other Online
  Services)
• India PoS Terminal Market
• By Number of Terminals (Active Terminals and
  Inactive Terminals)
• By Metro Cities and Non-Metro Cities
• By End User Industry (Large Enterprises, SMEs and
  Micro Merchants)
• India M-PoS Market
• By Number of Terminals (Inactive Terminals and
  Active Terminals)
• By Type of Distribution Channel (Retail Channel
  and Direct Sales)

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• Key Target Audience
• Banks and Financial Institutions
• Cash Reconciliation Companies
• Payment Aggregators
• Payment Network Companies
• Payment Interface Companies
• M-Wallet Companies
• Payment Gateway Companies
• PoS Terminal Companies
• M-PoS Terminal Companies
• Time Period Captured in the Report
• Historical Period - FY2013-FY2018
• Forecast Period - FY2018-FY2023E

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• Companies Covered
• M-Wallet Companies
• Paytm
• Mobikwik
• Freecharge
• Oxigen
• Telecom Operators (Jio Money, Airtel Money, Idea
  Money, SBI Buddy and ICICI Pockets)
• Others (ITZ Cash, Citrus Pay, PhonePay and other
  bank wallets)
• Payment Gateway Companies
• Billdesk
• Ingenico
• PayU
• Others (CC Avenue, ATOM, Razor Pay, PayPal,
  Instamojo, VPL and MPL)
• PoS Terminal Companies
• Ingenico ePayments
• Verifone India
• AGS Transact
• PineLabs
• PAX Technologies

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• Key Topics Covered in the Report
• Executive Summary
• Research Methodology
• India Payment Services Market
• Regulatory Framework in India Payment Services
  Market
• Credit and Debit Card Coverage, FY2013-FY2018
• Cross Comparison of Different Payment Modes
  (IMPS, AePS, USSD-BHIM and UPI) in India Payment
  Services Market
• Immediate Payment Service (IMPS) Consumer Payment
  Landscape
• Aadhaar Enabled Payment System (AePS) Consumer
  Payment Landscape
• Unstructured Supplementary Service Data Bharat
  Interface for Money (USSD-BHIM) Consumer Payment
  Landscape
• Unified Payments Interface (UPI) Consumer Payment
  Landscape
• India M-Wallet Market
• India Payment Gateway Market
• India Point of Sale (PoS) Terminal Market
• India m-PoS Market
• CUG Cards / Prepaid Closed Loop Cards
• Cloud / Security Outsourcing in Payments
  Technology

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• For more information on the research report,
  refer to below link
• https//www.kenresearch.com/banking-financial-serv
  ices-and-insurance/financial-services/india-paymen
  t-services-market-research-forecast-2023-/154993-9
  3.html
• Related Reports
• https//www.kenresearch.com/banking-financial-serv
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• Contact UsKen ResearchAnkur Gupta, Head
  Marketing Communicationssales_at_kenresearch.com
• 91-9015378249
•  

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