India Payment Processing Solutions Market Size & Outlook

The payment processing solutions market in India is expected to reach a projected revenue of US$ 8,837.3 million by 2030. A compound annual growth rate of 19% is expected of India payment processing solutions market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,613.5
Forecast, 2030 (US$M)
$8,837.3
CAGR, 2024 - 2030
19%
Report Coverage
India

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 2023USD 2,613.5 million
Market revenue in 2030USD 8,837.3 million
Growth rate19% (CAGR from 2023 to 2030)
Largest segmentCredit card
Fastest growing segmentE-Wallet
Historical data2017 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCredit Card, Debit Card, E-Wallet
Key market players worldwideAdyen 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

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

  • Our clientele includes a mix of payment processing solutions 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.).
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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.

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India payment processing solutions market size, by payment method, 2017-2030 (US$M)

India Payment Processing Solutions Market Outlook Share, 2023 & 2030 (US$M)

India payment processing solutions market size, by payment method, 2017-2030 (US$M)

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