India Payment As A Service Market Size & Outlook

The payment as a service market in India is expected to reach a projected revenue of US$ 1,663.0 million by 2030. A compound annual growth rate of 17.9% is expected of India payment as a service market from 2024 to 2030.
Revenue, 2023 (US$M)
$524.3
Forecast, 2030 (US$M)
$1,663.0
CAGR, 2024 - 2030
17.9%
Report Coverage
India

India payment as a service market highlights

  • The India payment as a service market generated a revenue of USD 524.3 million in 2023 and is expected to reach USD 1,663.0 million by 2030.
  • The India market is expected to grow at a CAGR of 17.9% from 2024 to 2030.
  • In terms of segment, platform was the largest revenue generating component in 2023.
  • Services is the most lucrative component segment registering the fastest growth during the forecast period.


Payment as a service market data book summary

Market revenue in 2023USD 524.3 million
Market revenue in 2030USD 1,663.0 million
Growth rate17.9% (CAGR from 2023 to 2030)
Largest segmentPlatform
Fastest growing segmentServices
Historical data2017 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPlatform, Services
Key market players worldwideAgilysys Inc, Deluxe Corp, Fiserv Inc, Paysafe Ltd Ordinary Shares - Class A, Global Payments Inc, Francisco Partners


Other key industry trends

  • In terms of revenue, India accounted for 3.1% of the global payment as a service market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China payment as a service 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 1,663.0 million by 2030.

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Payment As A Service Market Companies

Name Profile # Employees HQ Website

India payment as a service 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 payment as a service market will help companies and investors design strategic landscapes.


Platform was the largest segment with a revenue share of 69.81% in 2023. Horizon Databook has segmented the India payment as a service market based on platform, services covering the revenue growth of each sub-segment from 2017 to 2030.


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Target buyers of India payment as a service market databook

  • Our clientele includes a mix of payment as a service market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the India payment as a service market , including forecasts for subscribers. This country databook contains high-level insights into India payment as a service market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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India payment as a service market size, by component, 2017-2030 (US$M)

India Payment As A Service Market Outlook Share, 2023 & 2030 (US$M)

India payment as a service market size, by component, 2017-2030 (US$M)

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