India Payment Gateways Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

India Payment Gateways Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The India payment gateways market is currently witnessing strong growth. A payment gateway is a service provider that acts as an interface between payment portals like e-commerce websites and the acquiring banks. This portal protects sensitive data, including credit card or bank account details, from fraudulent activities while completing the submission with HTTPS protocol that secures personal information. Payment gateways offer consumers the facility to make purchases at any hour of the day without the inconvenience of waiting in long queues. They are gaining prominence among consumers due to the growing use of mobile wallets supported by advancements in mobile payment technology.

The India payment gateways market is primarily driven by the increasing online transactions and the constant evolution of payment methods like the emergence of token systems, cash pooling, and various cashless transactions. Besides this, the rising adoption of smartphones and tablets has resulted in the shift toward online shopping. This is facilitated by the rapid penetration of the internet and improved network bandwidth across the country. Furthermore, various banks are collaborating with retail vendors to provide cashback schemes or discounts for retaining the existing consumer base. On account of these factors, the market is expected to continue its strong growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India payment gateways market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, application and mode of interaction.

Breakup by Application:

Large Enterprises
Micro and Small Enterprises
Mid-Size Enterprises

Breakup by Mode of Interaction:

Hosted Payment Gateways
Pro/Self-Hosted Payment Gateways
API/Non-Hosted Payment Gateways
Local Bank Integrates
Direct Payment Gateways
Platform-Based Payment Gateways

Breakup by Region:

North India
West and Central India
South India
East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the India payment gateways market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the India payment gateways market?
What are the key regional markets?
What is the breakup of the market based on the application?
What is the breakup of the market based on the mode of interaction?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the India payment gateways market and who are the key players?
What is the degree of competition in the industry?