The Buy Now Pay Later (BNPL) market in India has experienced an unprecedented surge, becoming a catalyst for the credit revolution in the country. With a staggering compound annual growth rate of ~321% between 2019 and 2021, the BNPL industry has witnessed remarkable growth. The sector is currently driven by factors such as increasing smartphone a ....

Key Finding A shift in consumer’s payment preference was noted with the advent of unprecedented situation of COVID-19 wherein individuals are relying more on online transactions rather than the traditional medium of cash based transactions. Surge in growth of electronic payments in India, along with rising E-commerce and M-commerce transac ....

Overview of India Payment Service Market India payment services market , which has traditionally been dominated by cash, witnessed advancement towards digital transactions both in terms of value and volume during the demonetization phase in India. The total market size for the India Payment service market has raised from INR ~ trillion in ....

“ Launch of innovative payment products such as UPI, NETC-FASTag, and BBPS among others has driven the growth of Payment Services Market in India.” Digital India Campaign and Economic Goals: The government of India has been extensively focusing on “Digital India” campaign initially launched in 2015 to improve the online infrastructure of th ....

The report titled “ India Payment Services Market Outlook to 2026 ” provides a comprehensive analysis of the payment services, payment gateway, m-wallet, POS Terminals, credit and debit card, payment security and prepaid instruments market in India. The report focuses on the overall competitive landscape; government role and regulations, gro ....