India Mobile Payment Market Analysis | 2030

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India Mobile Payment Market by Age (Generation Z, Millennials, Generation X, and Baby Boomers), by Payment Type (Proximity and Remote), and by Application (Money Transfers, Merchandise Purchases, Bill Payments, Airtime Top-ups, Ticketing, and Others) – Opportunity Analysis and Industry Forecast, 2024–2030

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India Mobile Payment Market Overview

The India Mobile Payment Market size was valued at USD 16.03 billion in 2023, and is predicted to reach USD 31.16 billion by 2030, with a CAGR of 9% from 2024 to 2030. The mobile payment system, also referred to as money transfer, mobile money, m-payments, electronic payments, and digital payments, facilitates financial transactions using mobile devices such as smartphones, tablets, and wearables.

These transactions are facilitated through mobile apps or various methods such as proximity and remote transactions. Mobile payment systems comprise diverse types such as mobile wallets, mobile banking apps, and online payment services such as PayPal, Venmo, and Google Pay.

Employing technologies such as SMS, near-field communication (NFC), quick response (QR) codes, and others, these systems ensure seamless transactions while employing robust security measures including encryption and biometric authentication to safeguard personal and financial data.

Appreciated for their convenience, speed, security, and integration with other financial tools, mobile payment systems witness widespread adoption. Additionally, users can configure payment apps to automatically settle bills, such as utility or credit card bills, ensuring efficient financial management and preventing late payments.

Rising Fintech and Digital Banking Services Drives the India Mobile Payment Market Growth

The surge of fintech and the advent of digital banking significantly propels the mobile payment market growth in the country. Fintech innovations and digital banking services offer streamlined and user-friendly financial solutions accessible via mobile devices.

These advancements democratize financial services, empowering consumers to manage their finances, make payments, and conduct transactions conveniently from their smartphones. Integration of mobile payment functionalities within fintech apps and digital banking platforms enhances user experience by providing seamless access to payment options and account management features.

Moreover, fintech firms and digital banks often pioneer innovative payment technologies, such as peer-to-peer transfers, digital wallets, and contactless payments, driving adoption and shaping industry standards. As consumers increasingly embrace fintech and digital banking solutions, the India mobile payment market expands, offering greater choice, efficiency, and accessibility in the digital economy.

Shift Towards Cashless Societies Propel the India Mobile Payment Market Expansion

The transition towards cashless societies acts as a significant catalyst for the India mobile payment market expansion. As societies worldwide increasingly embrace digitalization and convenience, cashless payments have become the preferred mode for transactions.

Mobile payment solutions offer consumers and businesses a seamless and efficient alternative to cash, facilitating secure and contactless transactions using smartphones or other mobile devices. The convenience, speed, and hygiene benefits of cashless payments have been particularly highlighted amid global events such as the COVID-19 pandemic, driving further adoption.

Moreover, governments and regulatory bodies actively promote cashless economies to combat issues such as tax evasion, money laundering, and the underground economy. Consequently, the growing acceptance and adoption of cashless payment methods propel market growth for mobile payment solutions, providing opportunities for innovation, expansion, and financial inclusion.

Risks Related to Data Breaches and Security Concerns Hampers the India Mobile Payment Market Growth

Risks related to data breaches and security concerns present significant obstacles to the growth of the India mobile payment market. With the increasing reliance on mobile devices for financial transactions, the potential for unauthorized access, data breaches, and identity theft has become a major worry for consumers and businesses.

Instances of high-profile security incidents can undermine trust in mobile transaction platforms, leading users to hesitate in adopting or continuing to use mobile payment services. Additionally, regulatory bodies impose stringent requirements for data protection and cybersecurity, which add complexity and costs to mobile payment operations.

Mitigating these security concerns necessitates implementing robust encryption, multi-factor authentication, and proactive security measures to build confidence in the mobile transactions solutions and drive the India mobile payment market growth.

The Rise of Voice-Activated Mobile Payments Creates Opportunities in the India Mobile Payment Market

The ascent of voice-activated mobile payments introduces thrilling opportunities within the market sphere in the country. These payment systems empower users to initiate transactions and carry out banking tasks using natural language commands, tapping into virtual assistants such as Amazon Alexa or Google Assistant. This innovation delivers unmatched convenience, enabling users to execute payments hands-free and while on the move.

Voice-activated mobile payments streamline the payment process, enhancing user experience and fostering accessibility, particularly for individuals with disabilities or limited mobility.

Furthermore, they pave the way for seamless integration with smart home devices, wearable technology, and IoT ecosystems, expanding the reach and versatility of mobile payment solutions.

With ongoing advancements in voice technology, the integration of voice-activated mobile payments into daily routines presents promising opportunities for innovation, distinction, and market growth.

Competitive Landscape

Various market players operating in the India mobile payment industry include Alphabet, Inc. (Google), Alibaba Group Holdings Limited, Amazon.com, Inc., Apple, Inc., PayPal Holdings, Inc., Visa, Inc., Tencent Holdings Limited (WeChat), MasterCard International, Inc., Samsung Electronics Co. Ltd., Block, Inc., and others. These key players have adopted various strategies to strengthen their market share.

India Mobile Payment Market Key Segments

By Age

Generation Z
Millennials
Generation X
Baby Boomers

By Payment Type

Proximity
- Near-Field Communication (NFC)
- Quick Response (QR) Code Payments
Remote
- Internet Payments
- SMS/Direct Carrier Billing

By Application

Money Transfers
Merchandise Purchases
Bill Payments
Airtime Top-ups
Ticketing
Others

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 16.03 Billion
Revenue Forecast in 2030	USD 31.16 Billion
Growth Rate	CAGR of 9% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	Rising fintech and digital banking services drives the India mobile payment market expansion. Shift towards cashless societies propels the India mobile payment market.
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

Alphabet, Inc. (Google)
Alibaba Group Holdings Limited
Amazon.com, Inc.
Apple, Inc.
PayPal Holdings, Inc.
Visa, Inc.
Tencent Holdings Limited (WeChat)
MasterCard International, Inc.
Samsung Electronics Co. Ltd.
Block, Inc.

1 INTRODUCTION

1.1 REPORT DESCRIPTION

1.2 RESEARCH METHODOLOGY

1.2.1 SECONDARY RESEARCH

1.2.2 DATA ANALYSIS FRAMEWORK

1.2.3 MARKET SIZE ESTIMATION

1.2.4 FORECASTING

1.2.5 PRIMARY RESEARCH AND DATA VALIDATION

2 INDIA MOBILE PAYMENT MARKET – EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT, 2023 - 2030, MILLION USD

3 PORTER’S FIVE FORCE MODEL ANALYSIS

3.1 BARGAINING POWER OF SUPPLIERS

3.2 BARGAINING POWER OF BUYERS

3.3 DEGREE OF COMPETITION

3.4 THREAT OF SUBSTITUTE

3.5 THREAT OF NEW ENTRANTS

4 MARKET SHARE ANALYSIS

4.1 MARKET SHARE ANALYSIS OF TOP PROVIDERS, 2023

5 MARKET DYNAMICS

5.1 GROWTH DRIVERS

5.1.1 DRIVER 1

5.1.2 DRIVER 2

5.1.3 DRIVER 3

5.1.4 DRIVER 4

5.2 CHALLENGES

5.2.1 CHALLENGE 1

5.2.2 CHALLENGE 2

5.2.3 CHALLENGE 3

5.2.4 CHALLENGE 4

5.3 OPPORTUNITIES

5.3.1 OPPORTUNITY 1

5.3.2 OPPORTUNITY 2

6 INDIA MOBILE PAYMENT MARKET BY AGE

6.1 OVERVIEW

6.2 GENERATION Z MARKET

6.3 MILLENNIALS MARKET

6.4 GENERATION X MARKET

6.5 BABY BOOMERS MARKET

7 INDIA MOBILE PAYMENT MARKET BY PAYMENT TYPE

7.1 OVERVIEW

7.2 PROXIMITY MARKET

7.2.1 NEAR-FIELD COMMUNICATION (NFC)

7.2.2 QUICK RESPONSE (QR) CODE PAYMENTS

7.3 REMOTE MARKET

7.3.1 INTERNET PAYMENTS

7.3.2 SMS/DIRECT CARRIER BILLING

8 INDIA MOBILE PAYMENT MARKET BY APPLICATION

8.1 OVERVIEW

8.2 MONEY TRANSFERS MARKET

8.3 MERCHANDISE PURCHASES MARKET

8.4 BILL PAYMENTS MARKET

8.5 AIRTIME TOP-UPS MARKET

8.6 TICKETING MARKET

8.7 OTHERS MARKET

9 COMPANY PROFILES

9.1 ALPHABET, INC. (GOOGLE)

9.1.1 COMPANY OVERVIEW

9.1.2 COMPANY SNAPSHOT

9.1.3 OPERATING BUSINESS SEGMENTS

9.1.4 PRODUCT PORTFOLIO

9.1.5 BUSINESS PERFORMANCE

9.1.6 BUSINESS SEGMENTS

9.1.7 GEOGRAPHIC SEGMENTS

9.1.8 KEY STRATEGIC MOVES AND DEVELOPMENT

9.1.9 PRIMARY MARKET COMPETITORS

9.2 ALIBABA GROUP HOLDINGS LIMITED

9.2.1 COMPANY OVERVIEW

9.2.2 COMPANY SNAPSHOT

9.2.3 OPERATING BUSINESS SEGMENTS

9.2.4 PRODUCT PORTFOLIO

9.2.5 BUSINESS PERFORMANCE

9.2.6 BUSINESS SEGMENTS

9.2.7 GEOGRAPHIC SEGMENTS

9.2.8 KEY STRATEGIC MOVES AND DEVELOPMENT

9.2.9 PRIMARY MARKET COMPETITORS

9.3 AMAZON.COM, INC.

9.3.1 COMPANY OVERVIEW

9.3.2 COMPANY SNAPSHOT

9.3.3 OPERATING BUSINESS SEGMENTS

9.3.4 PRODUCT PORTFOLIO

9.3.5 BUSINESS PERFORMANCE

9.3.6 BUSINESS SEGMENTS

9.3.7 GEOGRAPHIC SEGMENTS

9.3.8 KEY STRATEGIC MOVES AND DEVELOPMENT

9.3.9 PRIMARY MARKET COMPETITORS

9.4 APPLE, INC.

9.4.1 COMPANY OVERVIEW

9.4.2 COMPANY SNAPSHOT

9.4.3 OPERATING BUSINESS SEGMENTS

9.4.4 PRODUCT PORTFOLIO

9.4.5 BUSINESS PERFORMANCE

9.4.6 BUSINESS SEGMENTS

9.4.7 GEOGRAPHIC SEGMENTS

9.4.8 KEY STRATEGIC MOVES AND DEVELOPMENT

9.4.9 PRIMARY MARKET COMPETITORS

9.5 PAYPAL HOLDINGS, INC.

9.5.1 COMPANY OVERVIEW

9.5.2 COMPANY SNAPSHOT

9.5.3 OPERATING BUSINESS SEGMENTS

9.5.4 PRODUCT PORTFOLIO

9.5.5 BUSINESS PERFORMANCE

9.5.6 BUSINESS SEGMENTS

9.5.7 GEOGRAPHIC SEGMENTS

9.5.8 KEY STRATEGIC MOVES AND DEVELOPMENT

9.5.9 PRIMARY MARKET COMPETITORS

9.6 VISA, INC.

9.6.1 COMPANY OVERVIEW

9.6.2 COMPANY SNAPSHOT

9.6.3 OPERATING BUSINESS SEGMENTS

9.6.4 PRODUCT PORTFOLIO

9.6.5 BUSINESS PERFORMANCE

9.6.6 BUSINESS SEGMENTS

9.6.7 GEOGRAPHIC SEGMENTS

9.6.8 KEY STRATEGIC MOVES AND DEVELOPMENT

9.6.9 PRIMARY MARKET COMPETITORS

9.7 TENCENT HOLDINGS LIMITED (WECHAT)

9.7.1 COMPANY OVERVIEW

9.7.2 COMPANY SNAPSHOT

9.7.3 OPERATING BUSINESS SEGMENTS

9.7.4 PRODUCT PORTFOLIO

9.7.5 BUSINESS PERFORMANCE

9.7.6 BUSINESS SEGMENTS

9.7.7 GEOGRAPHIC SEGMENTS

9.7.8 KEY STRATEGIC MOVES AND DEVELOPMENT

9.7.9 PRIMARY MARKET COMPETITORS

9.8 MASTERCARD INTERNATIONAL, INC.

9.8.1 COMPANY OVERVIEW

9.8.2 COMPANY SNAPSHOT

9.8.3 OPERATING BUSINESS SEGMENTS

9.8.4 PRODUCT PORTFOLIO

9.8.5 BUSINESS PERFORMANCE

9.8.6 BUSINESS SEGMENTS

9.8.7 GEOGRAPHIC SEGMENTS

9.8.8 KEY STRATEGIC MOVES AND DEVELOPMENT

9.8.9 PRIMARY MARKET COMPETITORS

9.9 SAMSUNG ELECTRONICS CO. LTD.

9.9.1 COMPANY OVERVIEW

9.9.2 COMPANY SNAPSHOT

9.9.3 OPERATING BUSINESS SEGMENTS

9.9.4 PRODUCT PORTFOLIO

9.9.5 BUSINESS PERFORMANCE

9.9.6 BUSINESS SEGMENTS

9.9.7 GEOGRAPHIC SEGMENTS

9.9.8 KEY STRATEGIC MOVES AND DEVELOPMENT

9.9.9 PRIMARY MARKET COMPETITORS

9.10 BLOCK, INC.

9.10.1 COMPANY OVERVIEW

9.10.2 COMPANY SNAPSHOT

9.10.3 OPERATING BUSINESS SEGMENTS

9.10.4 PRODUCT PORTFOLIO

9.10.5 BUSINESS PERFORMANCE

9.10.6 BUSINESS SEGMENTS

9.10.7 GEOGRAPHIC SEGMENTS

9.10.8 KEY STRATEGIC MOVES AND DEVELOPMENT

9.10.9 PRIMARY MARKET COMPETITORS

LIST OF TABLES

TABLE 1. INDIA MOBILE PAYMENT MARKET VALUE, BY AGE, 2023-2030, (MILLION USD)

TABLE 2. GENERATION Z, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 3. MILLENNIALS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 4. GENERATION X, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 5. BABY BOOMERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 6. INDIA MOBILE PAYMENT MARKET VALUE, BY PAYMENT TYPE, 2023-2030, (MILLION USD)

TABLE 7. PROXIMITY, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 8. NEAR-FIELD COMMUNICATION (NFC), MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 9. QUICK RESPONSE (QR) CODE PAYMENTS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 10. REMOTE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 11. INTERNET PAYMENTS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 12. SMS/DIRECT CARRIER BILLING, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 13. INDIA MOBILE PAYMENT MARKET VALUE, BY APPLICATION, 2023-2030, (MILLION USD)

TABLE 14. MONEY TRANSFERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 15. MERCHANDISE PURCHASES, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 16. BILL PAYMENTS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 17. AIRTIME TOP-UPS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 18. TICKETING, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 19. OTHERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 20. ALPHABET, INC. (GOOGLE): COMPANY SNAPSHOT

TABLE 21. ALPHABET, INC. (GOOGLE): OPERATING BUSINESS SEGMENTS

TABLE 22. ALPHABET, INC. (GOOGLE): PRODUCT PORTFOLIO

TABLE 23. ALPHABET, INC. (GOOGLE): SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 24. ALPHABET, INC. (GOOGLE): SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 25. ALPHABET, INC. (GOOGLE): KEY STRATERGY

TABLE 26. ALIBABA GROUP HOLDINGS LIMITED: COMPANY SNAPSHOT

TABLE 27. ALIBABA GROUP HOLDINGS LIMITED: OPERATING BUSINESS SEGMENTS

TABLE 28. ALIBABA GROUP HOLDINGS LIMITED: PRODUCT PORTFOLIO

TABLE 29. ALIBABA GROUP HOLDINGS LIMITED: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 30. ALIBABA GROUP HOLDINGS LIMITED: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 31. ALIBABA GROUP HOLDINGS LIMITED: KEY STRATERGY

TABLE 32. AMAZON.COM, INC.: COMPANY SNAPSHOT

TABLE 33. AMAZON.COM, INC.: OPERATING BUSINESS SEGMENTS

TABLE 34. AMAZON.COM, INC.: PRODUCT PORTFOLIO

TABLE 35. AMAZON.COM, INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 36. AMAZON.COM, INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 37. AMAZON.COM, INC.: KEY STRATERGY

TABLE 38. APPLE, INC.: COMPANY SNAPSHOT

TABLE 39. APPLE, INC.: OPERATING BUSINESS SEGMENTS

TABLE 40. APPLE, INC.: PRODUCT PORTFOLIO

TABLE 41. APPLE, INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 42. APPLE, INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 43. APPLE, INC.: KEY STRATERGY

TABLE 44. PAYPAL HOLDINGS, INC.: COMPANY SNAPSHOT

TABLE 45. PAYPAL HOLDINGS, INC.: OPERATING BUSINESS SEGMENTS

TABLE 46. PAYPAL HOLDINGS, INC.: PRODUCT PORTFOLIO

TABLE 47. PAYPAL HOLDINGS, INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 48. PAYPAL HOLDINGS, INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 49. PAYPAL HOLDINGS, INC.: KEY STRATERGY

TABLE 50. VISA, INC.: COMPANY SNAPSHOT

TABLE 51. VISA, INC.: OPERATING BUSINESS SEGMENTS

TABLE 52. VISA, INC.: PRODUCT PORTFOLIO

TABLE 53. VISA, INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 54. VISA, INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 55. VISA, INC.: KEY STRATERGY

TABLE 56. TENCENT HOLDINGS LIMITED (WECHAT): COMPANY SNAPSHOT

TABLE 57. TENCENT HOLDINGS LIMITED (WECHAT): OPERATING BUSINESS SEGMENTS

TABLE 58. TENCENT HOLDINGS LIMITED (WECHAT): PRODUCT PORTFOLIO

TABLE 59. TENCENT HOLDINGS LIMITED (WECHAT): SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 60. TENCENT HOLDINGS LIMITED (WECHAT): SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 61. TENCENT HOLDINGS LIMITED (WECHAT): KEY STRATERGY

TABLE 62. MASTERCARD INTERNATIONAL, INC.: COMPANY SNAPSHOT

TABLE 63. MASTERCARD INTERNATIONAL, INC.: OPERATING BUSINESS SEGMENTS

TABLE 64. MASTERCARD INTERNATIONAL, INC.: PRODUCT PORTFOLIO

TABLE 65. MASTERCARD INTERNATIONAL, INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 66. MASTERCARD INTERNATIONAL, INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 67. MASTERCARD INTERNATIONAL, INC.: KEY STRATERGY

TABLE 68. SAMSUNG ELECTRONICS CO. LTD.: COMPANY SNAPSHOT

TABLE 69. SAMSUNG ELECTRONICS CO. LTD.: OPERATING BUSINESS SEGMENTS

TABLE 70. SAMSUNG ELECTRONICS CO. LTD.: PRODUCT PORTFOLIO

TABLE 71. SAMSUNG ELECTRONICS CO. LTD.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 72. SAMSUNG ELECTRONICS CO. LTD.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 73. SAMSUNG ELECTRONICS CO. LTD.: KEY STRATERGY

TABLE 74. BLOCK, INC.: COMPANY SNAPSHOT

TABLE 75. BLOCK, INC.: OPERATING BUSINESS SEGMENTS

TABLE 76. BLOCK, INC.: PRODUCT PORTFOLIO

TABLE 77. BLOCK, INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 78. BLOCK, INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 79. BLOCK, INC.: KEY STRATERGY

LIST OF FIGURES

FIGURE 1. BARGAINING POWER OF SUPPLIERS

FIGURE 2. BARGAINING POWER OF BUYERS

FIGURE 3. DEGREE OF COMPETITION

FIGURE 4. THREAT OF SUBSTITUTE

FIGURE 5. THREAT OF NEW ENTRANTS

FIGURE 6. INDIA MOBILE PAYMENT MARKET VALUE, BY AGE, 2023-2030, (MILLION USD)

FIGURE 7. GENERATION Z, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 8. MILLENNIALS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 9. GENERATION X, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 10. BABY BOOMERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 11. INDIA MOBILE PAYMENT MARKET VALUE, BY PAYMENT TYPE, 2023-2030, (MILLION USD)

FIGURE 12. PROXIMITY, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 13. NEAR-FIELD COMMUNICATION (NFC), MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 14. QUICK RESPONSE (QR) CODE PAYMENTS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 15. REMOTE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 16. INTERNET PAYMENTS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 17. SMS/DIRECT CARRIER BILLING, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 18. INDIA MOBILE PAYMENT MARKET VALUE, BY APPLICATION, 2023-2030, (MILLION USD)

FIGURE 19. MONEY TRANSFERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 20. MERCHANDISE PURCHASES, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 21. BILL PAYMENTS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 22. AIRTIME TOP-UPS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 23. TICKETING, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 24. OTHERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 25. ALPHABET, INC. (GOOGLE): NET SALES, (2021-2023)

FIGURE 26. ALPHABET, INC. (GOOGLE): PRIMARY MARKET COMPETITORS

FIGURE 27. ALIBABA GROUP HOLDINGS LIMITED: NET SALES, (2021-2023)

FIGURE 28. ALIBABA GROUP HOLDINGS LIMITED: PRIMARY MARKET COMPETITORS

FIGURE 29. AMAZON.COM, INC.: NET SALES, (2021-2023)

FIGURE 30. AMAZON.COM, INC.: PRIMARY MARKET COMPETITORS

FIGURE 31. APPLE, INC.: NET SALES, (2021-2023)

FIGURE 32. APPLE, INC.: PRIMARY MARKET COMPETITORS

FIGURE 33. PAYPAL HOLDINGS, INC.: NET SALES, (2021-2023)

FIGURE 34. PAYPAL HOLDINGS, INC.: PRIMARY MARKET COMPETITORS

FIGURE 35. VISA, INC.: NET SALES, (2021-2023)

FIGURE 36. VISA, INC.: PRIMARY MARKET COMPETITORS

FIGURE 37. TENCENT HOLDINGS LIMITED (WECHAT): NET SALES, (2021-2023)

FIGURE 38. TENCENT HOLDINGS LIMITED (WECHAT): PRIMARY MARKET COMPETITORS

FIGURE 39. MASTERCARD INTERNATIONAL, INC.: NET SALES, (2021-2023)

FIGURE 40. MASTERCARD INTERNATIONAL, INC.: PRIMARY MARKET COMPETITORS

FIGURE 41. SAMSUNG ELECTRONICS CO. LTD.: NET SALES, (2021-2023)

FIGURE 42. SAMSUNG ELECTRONICS CO. LTD.: PRIMARY MARKET COMPETITORS

FIGURE 43. BLOCK, INC.: NET SALES, (2021-2023)

FIGURE 44. BLOCK, INC.: PRIMARY MARKET COMPETITOR

Frequently Asked Questions

The India mobile payment market size was valued at USD 16.03 billion in 2023, and is predicted to reach USD 31.16 billion by 2030, with a CAGR of 9% from 2024 to 2030.

The India mobile payment market is constantly evolving with advancements in technology, changes in consumer behavior, and regulatory developments. Key trends shaping the market include the rise of contactless payments, the integration of mobile payment capabilities into various devices and platforms, and the emergence of new players and partnerships.

There are several types of mobile payment technologies, including Near Field Communication (NFC), QR codes, mobile wallets, and peer-to-peer payment apps.

Mobile payments are more secure than physical cash and at least equally secure as a credit or debit card transactions. It has become safer with the introduction of encryption, fingerprints, biometrics, and AI technology.

Popular mobile payment apps include Apple Pay, Google Pay, Samsung Pay, PayPal, Venmo, and Cash App. These apps offer different features and functionalities, catering to various user preferences and needs.

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