Payment Bank Solutions Market Segmentation by 2027: Demand, Shares, Size, Types, Opportunities
Read Comprehensive Overview with TOC of Report @ https://www.futuremarketinsights.com/toc/rep-gb-4403
Payment Bank Solution Market: Drivers and Challenges
The major factor driving the adoption of Payment bank solutions is the rising usage of mobile technology among individuals. In India, rural and urban both places, individuals have been adopted mobile technology significantly for online shopping, online banking and others. The concept of Payment bank solution is also getting adopted by individuals due to internet facilities and easy to understand concept.
The key challenge for Payment bank solution is the lack of knowledge payment banking solutions. RBI has issued license to 11 entities to launch payment banks due to which only these 11 companies are offering solutions to areas where they already exist. This concept is in introductory stage due to which it will take time for individuals to adopt.
Payment Bank Solutions Market: Segmentation
Segmentation on the basis of type:
In February 2017, MasterCard has entered into the partnership with Airtel Payment Bank to provide payment processing solution. The MasterCard is offering online debit card to Airtel customers to make digital payments up to 1 lakhs. This will help Airtel to offer safer, innovative and faster payments experience to its customers.
In October 2015, Mahindra Comviva has entered in the Payment Bank Solutions market in India to offer technological solutions and infrastructure to payment banks. Mahindra Comviva’s technological product has been deployed with Idea and is expected to be adopted by Tech Mahindra as well when it rolls out its own payments bank.
In September 2015, Infosys Finacle, a subsidiary of EdgeVerve Systems has launched solution for Payment banks named as Finacle Payments Bank and Finacle Small Finance Bank solutions for the India market. hese solutions are specifically tailored for organizations seeking payments banks and small finance banks licenses from the Reserve Bank of India (RBI).
In Payment Bank Solution market there are vendors are Infosys Finacle, MasterCard, Mahindra Conviva and others.
Download PDF Brochure With Technical Innovation @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4403
Presently, India is holding the largest market share for Payment Bank Solution market due to high adoption of mobile banking and net banking apps among individuals in various industries for improved payment services, to increase real time financial assistance and other.
This Payment Bank Solution market is expected to have the highest growth rate in coming years due to the adoption of cloud based tools and increase in the number of solution providers.
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Payment Bank Solutions Market Segmentation by 2027: Demand, Shares, Size, Types, Opportunities here
News-ID: 1183377 • Views: 133
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Payment
Network Payment Services Market
Reports Intellect newly added the Global Business Catastrophe Insurance Market Report that gives meticulous investigation of current scenario of the Market size, share, demand, growth, trends, and forecast in the coming years. This research report is equipped with the information categorising for Network Payment Services Market by parameters such as players, brands, regions, types and application. The report also details the information about the global market status, competition landscape,
Online Payment Security Market: Increasing Adoption Of Digital Payment Modes
In the recent back, owing to the growing ubiquity of smartphones, laptops, and tablets, the market for online payment has expanded leaps and bounds. But, at the same time, the incidences of cyber-attacks have multiplied exponentially too. Under these conditions, a number of organizations operating in the financial sector are resorting to strongest security measures that are available and consequently, the market for online payment security is flourishing. According to
Mobile Payment Technologies Market - Increasing Adoption of Immediate Payment Pr …
First and foremost, growing adoption of smart devices and increasing mobile data usage is fuelling the mobile payment technologies market. This is mainly because of ease of communication and growing demand for convenient mode of transaction. The ceaseless adoption of mobile devices and digitization wave has been instrumental for the mounting use of mobile transaction especially among new-age consumers. For example, according to statistics of the Groupe Speciale Mobile Association
Payment Company Profile: Square
Square is a US-based payment services provider that allows merchants to accept payments from customers for products and services. The solution allows businesses to accept payments through methods including debit and credit cards issued by all major scheme providers (including Visa, Mastercard, American Express, Diners Club, and China UnionPay), as well as NFC-based solutions such as Android Pay and Apple Pay. For offline payments, Square offers an array of traditional and
Alternative Payment Solution: Swish
Orbisresearch.com published “Alternative Payment Solution: Swish Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Swish is a Swedish mobile payment solution launched in 2012. It is one of the leading P2P payment solutions in Europe with 5.7 million users. Initially launched as a P2P payment service between
Payment Gateway Industry Worth US$ 86.9 Billion By 2025 - Hosted Payment Gateway …
The merchants all over the globe are avidly willing to expand their businesses cross-border by adaption of a logical approach, by partnering with the payment gateways. With the help of this partnership, these merchants gain the advantage of tapping the opportunities created by the globalization of e-commerce. Majority of merchants today, are eyeing up global expansion and wish to grow at a faster pace, however, the last thing they would