Indian Contactless Payment Market Booming Worldwide with Latest Trend and Future Scope by 2025

The Indian contactless payment market is anticipated to grow at a CAGR 17.4% during the forecast period. India is transforming into a digital nation with the adoption of internet services in the sectors of automotive, healthcare and manufacturing. With the service sector being the major contributor to the country’s economy, software services are playing a crucial role in the growth of the service sector. According to IBEF (India Brand Equity Foundation), India’s IT industry is growing exponentially with a growth rate of 30% annually.

 (Get 25% Discount on Buying this Report)

To Request a Sample of our Report on Indian Contactless Payment Market:  https://www.omrglobal.com/request-sample/indian-contactless-payment-market

India has promising opportunities in the fin-tech sector and the growth is substantially high due to increasing cyber threats in the country. India is considered a potential market for the fintech sector due to the availability of large untapped informal economy and the government is also pushing the investments in the fin-tech sector in order to boost the contactless payment transactions. According to CFA Institute, Paytm had raised $1,400 million and PhonePe funding amount to $500 million in 2017 in India for the development of fintech platforms. 29 startups out of 78 are currently working in fin-tech space in the country. 

 Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) launched the National Payment Corporation of India (NPCI) in collaboration for payment and settlement infrastructure. Collaboration has launched BHIM (Bharat Interface for Money), an UPI (United Payments Interface) app for financial transactions. With growing investment in fintech sector, India is estimated to reach a certain level of maturity in the forecast period. The promising growth in fintech sector is supported by rapid technological adoption by Indian consumers. With rapid adoption of fintech in the country, demand for secured contactless payment platforms for financial services is increasing.

A full Report of Indian Contactless Payment Market is Available at:  https://www.omrglobal.com/industry-reports/indian-contactless-payment-market

Indian Contactless Payment Market Segmentation

 By Device

·        Smartphones

·        Smart Cards

·        Point of Sale Terminals

·        Other 

By End-User

·        Retail

·        BFSI

·        Transportation

·        Others

Company Profiles

·        GEMALTO NV

·        GIESECKE & DEVRIENT GMBH

·        HEARTLAND PAYMENT SYSTEMS

·        IBM CORP.

·        INFINEON TECHNOLOGIES AG

·        VALITOR HF

·        VERIFONE SYSTEMS, INC

·        VISA, INC.

·        WIRECARD AG

Reasons to Buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

Comments

Post a Comment

Popular posts from this blog

European Data Backup and Recovery Market Size, Share, Analysis, Industry Report and Forecast 2019-2025

  European Data Backup and Recovery Market are expected to reach $5.7 billion in 2027, growing at a CAGR of 9.5% during the forecast period (2021-2027). Factors responsible for the growth of the market in Europe are well-developed telecommunication infrastructure, high internet penetration, high adoption of cloud-based devices among people and organization. Regulations regarding the data localization such as GDPR by the European Union and countries own data localization and protection act are providing growth to the market. Major economies which are expected to hold a considerable market are UK, Germany, France, Italy, and Spain. These economies are part of the European Union, which covers most of the continent. The aim of the European Union was to increase economic cooperation and encourage free trade among countries. To Request a Sample of our Report on European Data Backup and Recovery Market :   https://www.omrglobal.com/request-sample/european-data-backup-recovery-...
Read more

Insect Repellent Market Is Likely to Experience a Tremendous Growth by 2031

This informative Insect Repellent Market report provides new method and covers foremost regions such as Latin America, Middle East, North America, Europe, Africa and Asia Pacific. Making most out of the consumer insights and market opportunities, market players can boost up the revenue rate of their business. It also permits key organizations to make communication with customers and know their demands for making right investment in the product development. By increasing the product portfolio by referring the important market data provided in this Insect Repellent Market research report, key players can grow and expand their business forward. Continuously developing customer demands are also described in this global report to help new entrants make required changes in the final product launch and then bring into the market. It becomes easy for key players to prioritize the demands and requirements of target audience and have complete understanding of end-user experience with the help o...
Read more

Asia-Pacific Urban Air Mobility Market Growth, Size, Share, Industry Report and Forecast 2019-2025

The Asia-Pacific urban air mobility market is estimated to grow at a CAGR of 12.6% during the forecast period. The Asia-Pacific urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is further segmented into infrastructure and platform. The infrastructure segment is further segmented into charging stations, traffic management, and others whereas, the platform segment is further classified into air taxi, personal air vehicle, air ambulance, and others. The platform segment dominated the global urban air mobility market. To Request a Sample of our Report on Asia-Pacific Urban Air Mobility Market :   https://www.omrglobal.com/request-sample/asia-pacific-urban-air-mobility-market Asia-Pacific is home to several emerging economies and is seen as the potential market for the UAM owing to growing urbanization coupled with increasing traffic congestion and increasing high-income groups in the region. The growth of the As...
Read more