India utility bill payment market |India bill payment transaction volume

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India utility bill payment market |India bill payment transaction volume

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India bills payment market has witnessed a growth in recent years on account of rising demand for online methods of bills payment fueled by introduction of new technologies, rising internet and smartphone penetration. – PowerPoint PPT presentation

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Title: India utility bill payment market |India bill payment transaction volume


1
India Bills Payment Market Report 2020 Ken
Research
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  • India Bills Payment Market Outlook to 2020 -
    Rising Internet Penetration and Advent of Mobile
    Wallet to Shape Future Growth provides a
    comprehensive analysis of the billers desk,
    third party, online, offline bills payment
    segment in India. The report covers various
    aspects such as market size of bills payment
    market, active subscriber base of market. It also
    includes segmentation by rural and urban market
    for bills payment in India segmentation by types
    of bills paid, penetration of players in online
    and offline space, segmentation by different
    source of payment. The report also provides
    competitive landscape and profile of major
    players operating in different segments- mobile
    bills, DTH, data card and utility bills payment
    market of India.

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  • The future analysis of overall India bills
    payment market and by segments has also been
    discussed in each of the sub segment. The report
    is useful for existing bills payment market
    players, new startups emerging in the online
    bills payment space and other stakeholders to
    align their market centric strategies according
    to ongoing and expected trends in the future.

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  • India Bills Payment Market
  • India bills payment market has witnessed a growth
    in recent years on account of rising demand for
    online methods of bills payment fueled by
    introduction of new technologies, rising internet
    and smartphone penetration. The market for bills
    payment has inclined at CAGR of and reached
    INR billion in FY2015. Furthermore, the rise
    in geographical penetration and entry of new
    players has provided surge in growth which is
    majorly originated from growth in online methods
    of bills payment market. In FY2015, online bills
    payment market accounted for of the overall
    bills payment market transaction volume, whereas
    the share of offline bills payment was registered
    as in FY2015. Utility segment has been
    registered as highest contributor to overall
    bills payment market with share of in FY2015
    followed by mobile bills payment and DTH bills
    payment. In FY2015, mobile bills payment
    accounted for of the overall market.

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  • The proportionate share of rural areas in the
    overall market has inclined during the period
    FY2010-FY2015 due to rising internet
    connectivity and growing penetration of players
    in rural areas. The market for bills payment in
    India is projected to witness a rise in
    transaction volume at a CAGR of during the
    period FY2016-FY2020. The rise in the
    transaction volume has been registered mainly on
    account of rising trend of online payment. The
    major contributor to market transaction volume is
    expected to be utility segment and mobile bills
    payment sector due to rising active consumer base
    and augmenting ARPU.

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  • India Online Bills Payment Market
  • Online bills payment market has showcased high
    growth trajectory during FY2010 FY2015. Third
    party sites and mobile wallets were the fastest
    growing segments during the last 5 years due to
    attractive cash back and discount offers. Online
    utility bills payment market has been dominating
    the overall online bills payment market with a
    share of in FY2015 due to rising consumer
    base, increase in electricity and LPG tariffs by
    the The market for DTH bill payment has
    registered transaction volume of INR billion in
    FY2010 which inclined to INR billion in
    FY2015. The drastic increase in the transaction
    volume has been attributed to rising number of
    registered users because of the rising trend for
    digitization, the preference for quality viewing
    and rising affordability amongst the population
    of India.

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  • During the period FY2010-FY2015, offline bill
    payment market has dominated the overall DTH bill
    payment market of India with share of in
    market transaction volume during FY2015.
    Furthermore, the market for DTH bills payment has
    been dominated by urban areas, which registered
    of contribution to overall market transaction
    volume during FY2015. As of FY2015, Tata Sky
    stands as a leader in the Indian DTH market in
    terms of number of subscribers as well as
    transaction volume followed by Bharti Airtel and
    Dish TV.

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  • India Utility Bills Payment Market
  • The market for utility bills payment in India has
    witnessed a drastic incline during the period
    FY2010-FY2015 at CAGR of . The market has
    witnessed incline owing to factors such as
    inclining rural and urban population leading to
    rise in electricity consumption, rising rate of
    electricity and LPG in different states and
    others. The proportionate share of rural areas
    in overall utility bills payment market has
    inclined rapidly during the period
    FY2010-FY2015. Higher proportionate share of
    rural India can be attributed to the fact that
    majority of population in India resides in rural
    areas, thus accounting for greater share in basic
    necessities of light and fuel market.
    Furthermore, electricity bills amounted for
    higher proportionate share in the overall utility
    bills payment market as compared to share of LPG
    during FY2015.

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  • India Offline Bills Payment Market
  • The rise in transaction volume of offline bills
    payment market has been registered owing to lack
    of knowledge among individuals about online
    methods of payment, lower internet connectivity
    in Tier II and Tier III cities and due to lack of
    security issues and trust of consumers while
    making online payment. Utility bills payment
    accounted for of the overall bills payment
    market in FY2015. The greater share of utility
    sector in overall bills payment market has been
    attributed mainly to rising number of households
    demanding electricity and LPG connections, rising
    electricity tariffs along with soaring prices of
    LPG cylinders in different states of India.

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  • India Mobile Bills Payment Market
  • The India mobile bills payment market has
    witnessed a continuous growth during the period
    of FY2010-FY2015 at a CAGR of . The increase
    in transaction volume generated from mobile
    market can be attributed to the growing number of
    active mobile phone users, surging middle class,
    and increase in mobile internet users along with
    rising ARPU in the mobile bills payment market.
    In FY2015, prepaid mobile connection accounted
    for of the overall mobile bills payment market
    transaction volume. Furthermore, in FY2015 urban
    areas accounted for of the overall market
    transaction volume, the lower contribution of
    rural areas has been majorly due to lower density
    of network coverage in rural areas over the years
    which have been one of the major reasons for
    comparatively lower share of rural areas in
    mobile bill payment market.

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  • Key Topics Covered in the Report
  • The market size of India Bills Payment Market
  • Market Structure of Organized and Unorganized
    Market Players in Bills Payment Market
  • Market segmentation of India bills Payment market
    on the basis different services, by modes payment
    and by region-rural and urban
  • Market Size of India Online and Offline Bills
    Payment Market
  • The Market Size of Mobile, DTH, Data Card and
    Utility bills payment market.
  • Market Share of major Player in India Mobile
    Bills Payment Market
  • Market Share of major Player in India DTH Bills
    Payment Market
  • Market Share of major Player in India Data Card
    Bills Payment Market
  • Trends and Growth drivers of India bills payment
    market
  • Issues and Challenges of India bills payment
    market

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  • Source https//www.kenresearch.com/banking-financ
    ial-services-and-insurance/financial-services/indi
    a-bill-payment-market-report/7407-93.html
  • Contact UsKen ResearchAnkur Gupta, Head
    Marketing CommunicationsAnkur_at_kenresearch.com
    91-9015378249
  • Website www.kenresearch.com

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