India digital payment market is expected to witness double digit CAGR during the forecast period owing to government’s emphasis on promoting digitalization with introduction ‘Digital India’ campaign. The growing trend of cashless payment methods such as mobile wallets, internet banking, mobile banking and PoS are acting as key growth drivers for this market. In addition to this, India’s large population with high smart phone penetration and increasing internet penetration are supporting the growth of India digital payment market. Also, digital payments have made banking services more accessible to a wider population and have diminished the pain points that are involved in traditional services such as NEFT and RTGS. This is further fueling the growth of digital payment market in India.

Major players operating in India digital payment market include PayPal Payments Private Limited, Paytm Payments Bank Limited, Google Pay India, Bharat Interface For Money (BHIM), PayU Payments Private Limited, Amazon Pay, PhonePe, Razorpay Software Pvt Ltd., India Transact Services Ltd., PayKun Payment Solutions Private Limited and http://PayBingo.in., among others. The market players are undertaking growth strategies such as partnerships and acquisitions and are investing on latest technologies to increase their revenue share in the country.

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India digital payment market is expected to witness double digit CAGR during the forecast period owing to government’s emphasis on promoting digitalization with introduction ‘Digital India’ campaign. The growing trend of cashless payment methods such as mobile wallets, internet banking, mobile banking and PoS are acting as key growth drivers for this market. In addition to this, India’s large population with high smart phone penetration and increasing internet penetration are supporting the growth of India digital payment market. Also, digital payments have made banking services more accessible to a wider population and have diminished the pain points that are involved in traditional services such as NEFT and RTGS. This is further fueling the growth of digital payment market in India. Major players operating in India digital payment market include PayPal Payments Private Limited, Paytm Payments Bank Limited, Google Pay India, Bharat Interface For Money (BHIM), PayU Payments Private Limited, Amazon Pay, PhonePe, Razorpay Software Pvt Ltd., India Transact Services Ltd., PayKun Payment Solutions Private Limited and http://PayBingo.in., among others. The market players are undertaking growth strategies such as partnerships and acquisitions and are investing on latest technologies to increase their revenue share in the country. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=5164 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/india-digital-payment-market/5164.html
India Digital Payment Market By Size, Share, Trends, Growth Forecast 2026| TechSci Research
India Digital Payment Market By Size, Share, Trends, Growth Forecast 2026, Segmented By Type, Services, By Vertical, By Region, Competition Forecast and Opportunities
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