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封面
市场调查报告书
商品编码
1652149

印度的即时付款市场的评估:各类型，各认证方法，各终端用户，各地区，机会，预测，2018年～2032年

India Real-Time Payments Market Assessment, By Type, By Authorization Method, By End-user, By Region, Opportunities and Forecast, FY2018-FY2032F
出版日期: | 出版商: Market Xcel - Markets and Data | 英文 135 Pages | 商品交期: 3-5个工作天内

价格

印度即时支付市场预计将从 2024 年的 78.4 亿美元增长到 2032 年的 399.8 亿美元，在预测期内（2025-2032 年）的复合年增长率为 22.58%。印度即时支付市场快速成长的背后有许多因素。 UPI 为数位支付赋予了新面貌，因为它可以无缝地确保即时交易。 "数位印度" 和 "Pradhan Mantri Jan Dhan Yojana" 等政府措施促进了金融包容性，当然也提高了数位素养，从而促进了 UPI 的广泛采用。价格实惠的数据计划和4G网路的广泛普及也提高了连接性和可访问性，为这一趋势提供了强大的推动力。行动钱包弥补了即时支付与无银行帐户用户之间的差距，使他们能够进入正规金融体系。人工智慧和机器学习的进步将提高交易安全性和使用者体验。经济成长与即时支付交易的成长直接相关，网路安全措施正在帮助国家打击金融诈欺。 DBT提高了政府福利计划的效率和透明度。农村网路连结措施为即时支付系统的进一步扩大奠定了坚实基础。

即时支付是近乎即时进行的数位交易。这使得资金几乎可以即时地在银行帐户和其他支付系统之间转移。这意味着顺畅的付款过程。这些系统旨在全天候运行，确保您的交易随时顺利完成。这种近乎即时的处理能力使消费者、企业和政府机构可以轻鬆地使用应用程式进行点对点汇款、帐单支付和商家交易。随着数位支付服务惠及更多人，即时支付也将促进金融包容性。 2024 年 10 月，Resilient Innovations Private Limited（BharatPe）在 Google Play Store 和 App Store 上推出了 Invest BharatPe 应用程式。该应用程式提供一系列从 100 印度卢比起的投资产品，并允许您购买 24K 数位黄金。节庆期间，顾客购买商品可获得1.1%的免费黄金。

目录

第1章 计划的范围和定义

第2章 调查手法

第3章 摘要整理

第4章 客户的迴响

  • 产品与市场资讯
  • 品牌认识的方式
  • 决定是否购买时考虑的要素
    • 安全
    • 整合
    • 费用
    • 交易速度
    • 特征
    • 可扩展性
  • 顾客支援
  • 隐私和法规的考虑

第5章 印度的即时付款市场的展望，2018年～2032年

  • 市场规模的分析与预测
    • 各金额
  • 市场占有率分析与预测
    • 各类型
      • 付款通知单的支付
      • 商店内付款
      • 线上付款
      • 个人对个人(P2P)
      • 其他
    • 各认证方法
      • 银行帐户
      • 手机
      • QR编码
    • 各终端用户
      • BFSI
      • 零售
      • 医疗保健
      • 政府
      • IT·通讯
      • 其他
    • 各地区
      • 北部
      • 南部
      • 东部
      • 西部·中部
    • 各企业市场占有率分析(前五名公司和其他-各金额，2024年)
  • 市场地图分析，2024年
    • 各类型
    • 各认证方法
    • 各终端用户
    • 各地区

第6章 需求供给分析

第7章 价值链分析

第8章 波特的五力分析

第9章 大环境分析

第10章 成本分析

第11章 市场动态

  • 推动市场要素
  • 市场课题

第12章 市场趋势与发展

第13章 案例研究

第14章 竞争情形

  • 前五名市场领导公司的竞争矩阵
  • 前五大企业的SWOT分析
  • 前十名市场主要企业的形势
    • PhonePe Private Limited
      • 公司概要
      • 主要经营团队
      • 产品和服务
      • 财务状况(如报告)
      • 主要市场焦点和地理存在感
      • 最近的趋势/合作/伙伴关係/合併和收购
    • Google LLC(Gpay)
    • National Payments Corporation of India(NPCI)
    • One 97 Communications Limited(Paytm)
    • Razorpay Software Private Limited
    • PayPal Payments Private Limited
    • Volante Technologies India Private Limited
    • Mastercard India Services Private Limited
    • Visa Consolidated Support Services India
    • Resilient Innovations Private Limited(BharatPe)

上述公司不依市场占有率排序，并且可能会根据研究工作期间获得的资讯进行更改。

第15章 策略性建议

第16章 关于查公司·免责声明

Product Code: MX12716

India real-time payments market is projected to witness a CAGR of 22.58% during the forecast period FY2025-FY2032, growing from USD 7.84 billion in FY2024 to USD 39.98 billion in FY2032. There are many factors behind the exponential growth of the real-time payment market in India. UPI has given a new face to digital payments as it ensures instant transactions in a seamless manner. Government initiatives like Digital India and Pradhan Mantri Jan Dhan Yojana have encouraged financial inclusion and, of course, digital literacy, henceforth contributing to its wide adoption. There has been a strong impetus on the trend because of affordable data plans and 4G networks proliferation, which also increases connectivity and accessibility. The mobile wallets bridged the gap between real-time payment systems and the unbanked population, giving them an entry into the formal financial system. Advances in artificial intelligence and machine learning improve transaction security and user experience. Economic growth has been directly linked to real-time payment transactions growth, while cybersecurity measures have helped the nation fight financial fraud. DBT improved the efficiency and transparency of welfare programs by the government. Efforts related to bringing internet connectivity to rural areas have laid a solid foundation for the further expansion of real-time payment systems.

Real-time payments are digital transactions that are almost in real time. This allows for the transfer of funds between a bank account and other payment systems almost instantly. This means it is possible to have a smooth payment experience. These systems are designed to operate 24/7 and the transactions can be completed at any time without delay. Such a capacity for near-instant processing makes it easy for consumers, businesses, and government entities in using the application for peer-to-peer transfers, bill payments, and merchant transactions. Real-time payments also result in greater financial inclusion as access is provided to wider populations using digital payment services. In October 2024, Resilient Innovations Private Limited (BharatPe) launched its Invest BharatPe app on Google Play Store and App Store. This application offers a series of investment products that start at Rs. 100 with the facility of buying 24K digital gold. During festive seasons, it gives free 1.1% gold against every purchase made.

Increased Digitalization is Boosting Market Growth

Rapid digitalization in India is a major growth driver for the country's real-time payments market. Advanced digital technologies have revolutionized financial transactions, making them more efficient, secure, and accessible. The Unified Payments Interface (UPI) is a significant innovation that enables instant fund transfers and simplifies payments for millions. The volume of UPI transactions surged to 131.16 billion in FY2023-24 from 920 million in FY2017-18 with a CAGR of 129%. The value of UPI transactions surged to USD 2.4 trillion in FY2023-24 from USD 12 billion in FY2017-18 with a CAGR of 138%.

Cheap smartphones, coupled with good data plans, made more people in a range of age groups adopt real-time digital transactions. Moreover, harnessing cutting-edge technologies such as artificial intelligence and machine learning have strengthened transaction security and improved users' experience over a period, making digital payment systems more trustworthy. Both big and small businesses have adopted digital payment solutions into their system with seamless efficiency and higher customer satisfaction. The Indian real-time payments market will keep growing for a long period with further developments in the digital infrastructure. This may see India touch unparalleled records in the coming near future.

Government Initiatives to Drive Market Growth

Government initiatives form the backbone of India's growing real-time payment market. The initiative Digital India has been instrumental in turning the entire nation into a digitally literate marketplace, thus propelling digital payment methods. Programs undertaken under Financial Inclusion, like Pradhan Mantri Jan Dhan Yojana, have ensured that all unbanked customers received access to banking and digital payments. The National Payments Corporation of India has introduced Unified Payments Interface, revolutionizing the payment landscape by providing an instant and seamless mechanism of fund transfer. In December 2024, the National Payments Corporation of India (NPCI) lifted the user onboarding cap for WhatsApp Pay. This change allows WhatsApp Pay to extend its UPI services to its entire user base in India.

Digital transactions also received a fillip from the government-backed incentives and subsidies provided for such activities. The implementation of the Goods and Services Tax also gave a push to businesses to have digital payment solutions in place so that they were more transparent and compliant. The initiatives taken promoted a strong infrastructure for digital payments, which supported the growth of the real-time payments market. As the government continues to support digitalization and financial inclusion, India's real-time payment market is expected to grow sustainably and significantly.

Person-to-Person (P2P) Segment to Dominate India Real-Time Payments Market

Person-to-Person (P2P) is going to dominate India's real-time payments market with the help of digital payment platforms and changing consumer preferences. The advent of mobile wallets and UPI-based applications has made it easier than ever for people to transfer funds instantly and seamlessly. The facility to split bill or pay a friend or your sibling's/son's girlfriend rent, it's become routine of daily transaction of money: people have to opt for quick transactions. Many consumers are willing to abandon legacy bank methods altogether, embracing quicker P2P digital payments since it will offer their benefits. So, the government too supported this via their push and impetus over digital literacy/financial inclusion too which helped P2P transactions. Integration of advanced technologies such as biometrics and AI has further increased security and user experience in P2P transactions, increasing trust and adoption. The P2P segment is expected to see sustained growth with digital infrastructure and is likely to be a dominant force in India's real-time payments market.

In-store payments are one of the fastest-growing segments in the real-time payment market in India. The seamless integration of UPI and QR code-based solutions has enabled easy and secure transactions at physical retail locations. Customers love the speed and convenience of digital payments, whereas merchants enjoy a reduction in the cost of a transaction and a better customer satisfaction rate. In August 2024, Google Pay, a widely used payment app in India, introduced new features to enhance user experience. Announced at the Global Fintech Fest 2024, these features include UPI Circle, UPI Vouchers, Clickpay QR, and more, all set to roll out later this year. These updates aim to simplify digital payments for users across India.

Future Market Scenario (FY2025 - FY2032F)

Emerging payment products like Pay Later will be even more popular with the young consumers in urban localities.

It will have top-class cybersecurity layers that will shield users and assure trust in digital payment systems.

Instant payments are forecasted to generate positive GDP implications for India because the studies say there is direct correlation between surging UPI transaction volumes with the economic development of the region.

Government moves will further create more financial inclusions, and digital payment products will now reach a higher population.

Key Players Landscape and Outlook

India's real-time payments market competitive landscape is rapidly shifting. Major participants are top banks, fintech firms, and tech firms competing with one another. One of the largest players driving UPIs across multiple platforms is Unified Payments Interface. Constant innovations of these key players have kept pushing user experience, security, and transaction speeds further. Government initiatives and regulatory support have also helped shape the market, promoting competition and creating a growth-friendly environment. As the market grows, cooperation between traditional banks and fintech companies is becoming increasingly common, and new payment solutions are emerging. The push for financial inclusion and rural connectivity is opening the market to new entrants and extending its reach. With an estimated growth in the digital payments market, competition is supposed to heat up, and therefore, innovative solutions and better services are expected for consumers.

In November 2024, PhonePe Private Limited launched the ability to contribute to the National Pension System (NPS) under Bharat Connect (previously known as BBPS) on its platform. The launch enables millions of users to seamlessly and safely contribute directly to their NPS accounts through the PhonePe app, furthering ease and accessibility to their savings.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

  • 4.1. Product and Market Intelligence
  • 4.2. Mode of Brand Awareness
  • 4.3. Factors Considered in Purchase Decisions
    • 4.3.1. Security
    • 4.3.2. Integration
    • 4.3.3. Cost
    • 4.3.4. Transaction Speed
    • 4.3.5. Features
    • 4.3.6. Scalability
  • 4.4. Customer Support
  • 4.5. Consideration of Privacy and Regulations

5. India Real-Time Payments Market Outlook, FY2018-FY2032F

  • 5.1. Market Size Analysis & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share Analysis & Forecast
    • 5.2.1. By Type
      • 5.2.1.1. Bill Payments
      • 5.2.1.2. In-Store Payments
      • 5.2.1.3. Online Payments
      • 5.2.1.4. Person-to-Person (P2P)
      • 5.2.1.5. Others
    • 5.2.2. By Authorization Method
      • 5.2.2.1. Bank Account
      • 5.2.2.2. Mobile
      • 5.2.2.3. QR Code
    • 5.2.3. By End-user
      • 5.2.3.1. BFSI
      • 5.2.3.2. Retail
      • 5.2.3.3. Healthcare
      • 5.2.3.4. Government
      • 5.2.3.5. IT and Telecom
      • 5.2.3.6. Others
    • 5.2.4. By Region
      • 5.2.4.1. North
      • 5.2.4.2. South
      • 5.2.4.3. East
      • 5.2.4.4. West and Central
    • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
  • 5.3. Market Map Analysis, FY2024
    • 5.3.1. By Type
    • 5.3.2. By Authorization Method
    • 5.3.3. By End-user
    • 5.3.4. By Region

6. Demand Supply Analysis

7. Value Chain Analysis

8. Porter's Five Forces Analysis

9. PESTLE Analysis

10. Cost Analysis

11. Market Dynamics

  • 11.1. Market Drivers
  • 11.2. Market Challenges

12. Market Trends and Developments

13. Case Studies

14. Competitive Landscape

  • 14.1. Competition Matrix of Top 5 Market Leaders
  • 14.2. SWOT Analysis for Top 5 Players
  • 14.3. Key Players Landscape for Top 10 Market Players
    • 14.3.1. PhonePe Private Limited
      • 14.3.1.1. Company Details
      • 14.3.1.2. Key Management Personnel
      • 14.3.1.3. Products and Services
      • 14.3.1.4. Financials (As Reported)
      • 14.3.1.5. Key Market Focus and Geographical Presence
      • 14.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
    • 14.3.2. Google LLC (Gpay)
    • 14.3.3. National Payments Corporation of India (NPCI)
    • 14.3.4. One 97 Communications Limited (Paytm)
    • 14.3.5. Razorpay Software Private Limited
    • 14.3.6. PayPal Payments Private Limited
    • 14.3.7. Volante Technologies India Private Limited
    • 14.3.8. Mastercard India Services Private Limited
    • 14.3.9. Visa Consolidated Support Services India
    • 14.3.10. Resilient Innovations Private Limited (BharatPe)

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

15. Strategic Recommendations

16. About Us and Disclaimer

List of Tables

  • Table 1. Competition Matrix of Top 5 Market Leaders
  • Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. India Real-Time Payments Market, By Value, In USD Billion, FY2018-FY2032F
  • Figure 2. India Real-Time Payments Market Share (%), By Type, FY2018-FY2032F
  • Figure 3. India Real-Time Payments Market Share (%), By Authorization Method, FY2018-FY2032F
  • Figure 4. India Real-Time Payments Market Share (%), By End-user, FY2018-FY2032F
  • Figure 5. India Real-Time Payments Market Share (%), By Region, FY2018-FY2032F
  • Figure 6. By Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 7. By Authorization Method Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 8. By End-user Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 9. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024