Topics In Demand
Notification
New

No notification found.

India Digital Payments 4.0 - 2025 Outlook

January 7, 2022 4382 1 Digital Transformation Fintech

India Digital Payments 4.0 - 2025 Outlook

India’s digital revolution in the past two decades has significantly contributed to the adoption of digital payments in the country. Between 2015 and 2020, while digital payments grew nearly 10X in volume, mobile data use grew 24X, and m-commerce grew 2.4X. Emerging digital technologies, record FDI in payments fintech, and progressive policies will establish the payments revolution in India on an ever-more accelerated growth path by 2025.

4382

1

Download

Digital payments in India have leapt 160X in the past two decades - volume of usage has accelerated every five years, and is likely to expand 16X, the highest, in the five years to 2025

" "

 

 

 

 

 

 

 

 

 

 

 

 

Global, and domestic, macro trends are driving digital payments adoption

  • COVID-19 led to record digital transactions that will sustain in the future
  • Technology convergence, with APIs and cloud-native development, will further boost innovation and integrated offerings
  • Innovation in the cybersecurity realm will accelerate adoption with greater trust in the digital payments solutions
  • Expanding mobile and Internet subscriptions, and 5G rollout will prove catalytic in driving mobile banking and m-payments

 

Supporting business and ecosystem developments are supporting Payments 4.0 – the low-cost, mass-reach era - as fintechs and incumbents create solutions using digital technologies, open and interoperable APIs, and offline transactional capabilities

" "

 

 

 

 

 

 

 

 

 

 

 

 

 

Policy and regulatory support from governments and the RBI will drive next leap of growth

" "

 

 

 

 

 

 

 

 

 

 

 

Download this report for a more in-depth analysis of the evolution of digital payments in India, and the roadmap to 2025. 


That the contents of third-party research report/s published here on the website, and the interpretation of all information in the report/s such as data, maps, numbers etc. displayed in the content and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party research report/s published, are provided solely as convenience; and the presence of these research report/s should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these research report/s, you do so at your own risk.


images
Namita Jain
Deputy Director, Research

Researching technology for actionable impact since my 12 years in tech strategy and advisory



LATEST REPORTS

© Copyright nasscom. All Rights Reserved.