India Mobile Payment Market Size & Outlook, 2023-2030
India mobile payment market, 2017-2030 (US$M)
Related Markets
India mobile payment market highlights
- The India mobile payment market generated a revenue of USD 6,515.0 million in 2023 and is expected to reach USD 64,817.1 million by 2030.
- The India market is expected to grow at a CAGR of 38.8% from 2024 to 2030.
- In terms of segment, mobile web payment was the largest revenue generating technology in 2023.
- Near Field Communication is the most lucrative technology segment registering the fastest growth during the forecast period.
Mobile payment market data book summary
| Market revenue in 2023 | USD 6,515.0 million |
| Market revenue in 2030 | USD 64,817.1 million |
| Growth rate | 38.8% (CAGR from 2023 to 2030) |
| Largest segment | Mobile web payment |
| Fastest growing segment | Near Field Communication |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Near Field Communication, Direct Mobile Billing, Mobile Web Payment, SMS, Interactive Voice Response System, Mobile App |
| Key market players worldwide | Alphabet Inc Class A, Alibaba Group Holding Ltd ADR, Amazon.com Inc, Apple Inc, American Express Co, PayPal Holdings Inc, Samsung Electronics Co Ltd, Visa Inc Class A, Tencent Holdings Ltd ADR |
Other key industry trends
- In terms of revenue, India accounted for 9.7% of the global mobile payment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China mobile payment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 64,817.1 million by 2030.
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Mobile Payment Market Scope
Mobile Payment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India mobile payment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mobile payment market will help companies and investors design strategic landscapes.
Mobile web payment was the largest segment with a revenue share of 23.86% in 2023. Horizon Databook has segmented the India mobile payment market based on near field communication, direct mobile billing, mobile web payment, sms, interactive voice response system, mobile app covering the revenue growth of each sub-segment from 2017 to 2030.
- India Mobile Payment Technology Outlook (Revenue, USD Million, 2017-2030)
- Near Field Communication
- Direct Mobile Billing
- Mobile Web Payment
- SMS
- Interactive Voice Response System
- Mobile App
- Others
- India Mobile Payment Payment Type Outlook (Revenue, USD Million, 2017-2030)
- B2B
- B2C
- B2G
- Others
- India Mobile Payment Location Outlook (Revenue, USD Million, 2017-2030)
- Remote Payment
- Proximity Payment
- India Mobile Payment End Use Outlook (Revenue, USD Million, 2017-2030)
- BFSI
- Healthcare
- IT & Telecom
- Media & Entertainment
- Retail & E-commerce
- Transportation
- Others
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Our clientele includes a mix of mobile payment market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India mobile payment market , including forecasts for subscribers. This country databook contains high-level insights into India mobile payment market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India mobile payment market size, by technology, 2017-2030 (US$M)
India Mobile Payment Market Outlook Share, 2023 & 2030 (US$M)
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