India Cards and Payments Market 2019, State Bank of India, Punjab National Bank, Axis, HDFC, ICICI
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India Cards and Payments Market - Highlights of the report:
With demonetization, the number of credit and debit cards in India is swiftly increasing then again debit card issuance expanded largely than credit cards. According to the Reserve Bank of India, a total number of 880 million debit cards and 30.86 million credit cards were functional in May 2017.
India accounted an increase of approximately 0.48 million credit cards and 13.03 million debit cards between May 2016 and May 2017. Advent of different payment wallets helping customers in minimal utility payments to movie tickets to high-end e-commerce transactions.
Impacts of digitalization along with the augmented usage of card transactions across different verticals and trends providing the forecast of changes to be witnessed in the market. The intense competitive warfare between public and private banking corporations with several new schemes and policies to attract the customers.
The debit and card transactions has mounted up to 84% increase with the push on cashless payments and POS transactions raised by 86% compared to 2016. Unified payment interface (UPI) provided by banks and third parties has witnessed a growth of 85%.
Increasing alternative payments in the form of mobile wallets and online payments like Paytm, Samsung Pay, Tez, Masterpass QR, Bharat QR Code, and MobiQwik.
Some of the Dominating players in the Market:
State Bank of India
• Punjab National Bank
• Axis Bank
• HDFC Bank
• ICICI Bank
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Some Point from Table of Content:
2. Research Methodology
2.1 Research Process
2.1.1 Market Sizing
2.1.2 Competitor Analysis
2.1.3 Market Forecasting
2.1.4 Quality Control Process
3. Executive Summary
4. Industry Benchmarking
5. Market Attractiveness
6. Industry Enablers
6.1 Emerging Payment Technologies
6.2 Growing E-commerce Market
6.2.1 E-commerce Mix by Payment Method
6.3 EMV Migration
6.4 Contactless Cards
7. Regulatory Framework
8. Key Industry Events
9. Merchant Acquiring Business Overview
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