India Payment Processing Solutions Market Size & Outlook
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India payment processing solutions market highlights
- The India payment processing solutions market generated a revenue of USD 2,613.5 million in 2023 and is expected to reach USD 8,837.3 million by 2030.
- The India market is expected to grow at a CAGR of 19% from 2024 to 2030.
- In terms of segment, credit card was the largest revenue generating payment method in 2023.
- E-Wallet is the most lucrative payment method segment registering the fastest growth during the forecast period.
Payment processing solutions market data book summary
| Market revenue in 2023 | USD 2,613.5 million |
| Market revenue in 2030 | USD 8,837.3 million |
| Growth rate | 19% (CAGR from 2023 to 2030) |
| Largest segment | Credit card |
| Fastest growing segment | E-Wallet |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Credit Card, Debit Card, E-Wallet |
| Key market players worldwide | Adyen NV, Alibaba Group Holding Ltd ADR, Amazon.com Inc, PayPal Holdings Inc, Prosus NV ADR, Apple Inc, Alphabet Inc Class A |
Other key industry trends
- In terms of revenue, India accounted for 4.8% of the global payment processing solutions 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 processing solutions 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 8,837.3 million by 2030.
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Payment Processing Solutions Market Scope
Payment Processing Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Prosus NV ADR | View profile | 23252 | Gustav Mahlerplein 5, Symphony Offices, Amsterdam, NH, Netherlands, 1082 MS | https://www.prosus.com |
| PayPal Holdings Inc | View profile | 27200 | 2211 North First Street, San Jose, CA, United States, 95131 | https://www.paypal.com |
| Adyen NV | View profile | 4207 | Simon Carmiggeltstraat 6-50, Amsterdam, Netherlands, 1011 DJ | https://www.adyen.com |
| Alibaba Group Holding Ltd ADR | View profile | 204891 | 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, Hong Kong, | https://www.alibabagroup.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Apple Inc | View profile | 161000 | One Apple Park Way, Cupertino, CA, United States, 95014 | https://www.apple.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
India payment processing solutions 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 processing solutions market will help companies and investors design strategic landscapes.
Credit card was the largest segment with a revenue share of 44.01% in 2023. Horizon Databook has segmented the India payment processing solutions market based on credit card, debit card, e-wallet covering the revenue growth of each sub-segment from 2017 to 2030.
- India Payment Processing Solutions Payment Method Outlook (Revenue, USD Million, 2017-2030)
- Credit Card
- Debit Card
- E-Wallet
- India Payment Processing Solutions End Use Outlook (Revenue, USD Million, 2017-2030)
- Hospitality
- Retail
- Utilities & Telecommunication
- Others
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Target buyers of India payment processing solutions market databook
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Our clientele includes a mix of payment processing solutions market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 processing solutions market , including forecasts for subscribers. This country databook contains high-level insights into India payment processing solutions market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India payment processing solutions market size, by payment method, 2017-2030 (US$M)
India Payment Processing Solutions Market Outlook Share, 2023 & 2030 (US$M)
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