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Digital Payments in India: 2019: Market Notes

Digital payments in India market will soon become $400 Billion market

Digital payments in India market will soon become $400 Billion market

1. Indian ATM Services market is sluggish; However, FY2019 is likely to demand over 100,000 ATM Machines, which will revive the ATM Managed Services Market
2. Indian Mobile Banking penetration is growing and the Private Banks are entering in partnerships with tech vendors
3. Internet Banking penetration is growing at a higher rate, mainly due to the push from regulatory, and the market is expected to open a window of opportunity for B2B financial settlement services
4. POS transactions are growing at a double-digit rate and the market is expected to witness innovative wireless POS technologies
5. Indian Mobile Wallet users base is expected to reach 100 million by 2020 and the market is expected to witness more cross border wallet providers in the next three years
6. UPI is creating a strong digital payments ecosystem in India and it is expected to increase the market competitiveness
7. Indian Pre-paid cards market is surging, and it is highlighting opportunities for more innovative business models

Qual2Quant Consulting is a market research and strategy consulting company focusing on a wide range of industries.
We are currently focusing on Digital Payments, Automotive, Connected Vehicles, Electric Vehicles, Smart Cities, and Digital Healthcare markets across the leading economies and hoping to address market research & consulting needs of the business leaders and enterprises

qual2quant strategy and consulting OPC LTD
media person-sameer
Sameer@qual2quantconsulting.com
Cherukupalli
Guntur DT
AP, India
Pin: 522309

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