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Payments in India 2017

11-10-2017 12:58 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsWeb

ReportsWeb.com published “Payments in India 2017” from its database. The report reviews top companies involved and enlists all trials pertaining to the company. Report provides latest news for the past three months.

"Payments in India 2017: What Consumers Want", report examines the consumer payments market in India, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. The report also examines the main regulatory players overseeing the market.

For more information about this report@ http://www.reportsweb.com/payments-in-india-2017

Report Scope
-Banks in India are migrating from magnetic stripe to chip and PIN to make debit cards more secure.
-RuPay was launched in March 2012 by the National Payments Corporation of India (NPCI) as an alternative to the international card schemes.
-To provide a single platform for all online transactions, NPCI developed an online payment solution, the Unified Payments Interface, which became operational in August 2016.

Request Sample Copy@ http://www.reportsweb.com/inquiry&RW00011180188/sample

Reasons to buy
-Understand the key facts and figures in the consumer payments market in India.
-Learn what trends drive consumer behavior at the macro level and plan your strategy accordingly.
-Find out what products the major competitors are launching in the market.
-Discover consumer sentiments towards various payment tools in the Indian market and use this knowledge to inform product design.

Company Profile:
The second-largest consumer market globally, India remains a cash-driven economy. Cash accounts for 96.8% of total payment transaction volume. This is due to a lack of adequate banking infrastructure, limited awareness of electronic payments, and low acceptance at retailers. The share of cash is anticipated to fall gradually over the forecast period (2017-2021) as a result of initiatives by the central bank such as measures to tackle "black" money, a cut in interchange fees, and the appointment of banking correspondents in rural areas to increase financial awareness. The emergence of contactless technology is also anticipated to support payment card market growth. The main factors that will play a significant role in the process will be the rise of smartphone penetration, increasing access to the internet, and the development of a digital payments infrastructure.

Buy@ http://www.reportsweb.com/buy&RW00011180188/buy/3450

ReportsWeb.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.

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