How big is the India Mobile Payments Market?

The India Mobile Payments Market size is expected to reach USD 0.81 trillion in 2024 and grow at a CAGR of 26.52% to reach USD 2.61 trillion by 2029. Read More

What is the current India Mobile Payments Market size?

In 2024, the India Mobile Payments Market size is expected to reach USD 0.81 trillion. Read More

Who are the key players in India Mobile Payments Market?

PhonePe, Alphabet Inc. (Google Pay.), Amazon Payments, Inc. (Amazon Pay), ICICI Bank Limited (ICICI Pockets) and PayTm Payments Bank Limited are the major companies operating in the India Mobile Payments Market. Read More

What years does this India Mobile Payments Market cover, and what was the market size in 2023?

In 2023, the India Mobile Payments Market size was estimated at USD 0.64 trillion. The report covers the India Mobile Payments Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Mobile Payments Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

India Mobile Payments Market Size & Share Analysis - Industry Research Report

India Mobile Payments Industry Overview

The Indian payment market is moderately competitive owing to the presence of multiple players. The players in the market are adopting strategies like product innovation, mergers, and acquisitions to expand their product portfolio, expand their geographic reach, and primarily stay competitive in the market.

In September 2023, PayU, a prominent online payment solutions provider in India, partnered with WhatsApp to offer native and seamless online payment experiences for companies using the WhatsApp Business platform. Businesses can currently offer clients 150+ payment choices, including cards, UPI, and net banking, all within the WhatsApp platform without needing redirection by using PayU's Checkout experience. This feature is now available to all PayU merchants with WhatsApp integration without charging additional setup or maintenance costs.