Payments Landscape in India- Solidifying the financial transaction process


Key highlights:

  • With >30 per cent of unbanked population, Indian payments landscape is a huge market opportunity. This, coupled with an enabling support system, is driving the market.
  • A healthy payments ecosystem, with >120 players. Products predominantly categorized under:
    • ATM & POS Services: Innoviti, Pine Labs
    • Transaction Gateways & Platforms: Direct Pay, CC Avenue
    • Online/Mobile Wallets: Paytm, Mobikwik
    • Remittance: ItzCash, Mahindra Comviva
    • Cash Cards: Transpure Solutions, Oxigen
    • Bitcoin: Zebpay, Coinsecure
  • New business models coming into play such as mobile wallets, and 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.
  • Future holds a strong promise:
    • Expected financial inclusion of 200 million population by 2020
    • Over 250 million mobile wallets enable a way towards a cashless economy – removal of black money
    • More diversification and partnerships – banks will marry more startups
    • Maturity and shakeout – large scale integration to acquire scale

For more insights, download your free copy of the report from here​.

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