The India payment gateways market size reached US$ 1,459.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,897.6 Million by 2028, exhibiting a growth rate (CAGR) of 11.6% during 2023-2028.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "India Payment
Gateways Market: Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2023-2028," the India payment gateways market size reached US$
1,459.7 Million in 2022.
Payment Gateways are essential financial tools that facilitate secure and
seamless online transactions between merchants and customers. It acts as an
intermediary between the two parties and securely authorizes and processes
payment transactions, ensuring sensitive payment information, such as credit
card details, remains encrypted and protected from potential fraud or
unauthorized access.
These gateways enable businesses to accept various payment methods,
including credit cards, debit cards, digital wallets, and even cryptocurrencies,
providing customers with convenient and flexible payment options. They play a
crucial role in e-commerce, enabling merchants to expand their reach and cater
to a diverse customer base.
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payment-gateways-market/requestsample
4. Report Description
India Payment Gateways Market Trends:
The expanding e-commerce is driving the market in India. As consumers increasingly shift towards online
shopping, businesses need reliable payment solutions to process transactions efficiently. Payment gateways offer
a secure and user-friendly way to handle online payments, making them indispensable for e-commerce platforms
and businesses of all sizes. Moreover, the rise in mobile device usage and the popularity of mobile commerce
have driven the demand for payment gateways that are optimized for mobile transactions.
W ith the proliferation of smartphones and mobile wallets, consumers expect seamless and convenient payment
experiences on their handheld devices, further fueling the growth of the payment gateway market. Also, the
growth of international trade of businesses have necessitated payment solutions that can handle cross-border
transactions. Furthermore, continual advancements in cloud computing, artificial intelligence (AI), and data
analytics have enhanced the capabilities of payment gateways.
Looking forward, the market value is projected to reach US$ 2,897.6 Million by 2028, expanding at a CAGR
of 11.6% during 2023-2028.
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5. Report
Segmentation
Application Insights:
• Large Enterprises
• Micro and Small Enterprises
• Mid-Size Enterprises
Mode of Interaction Insights:
• Hosted Payment Gateways
• Pro/Self-Hosted Payment Gateways
• API/Non-Hosted Payment Gateways
• Local Bank Integrates
• Direct Payment Gateways
• Platform-Based Payment Gateways
7. Key Questions
Answered in
the Report
What was the size of the India payment gateways market in 2022?
What is the expected growth rate of the India payment gateways
market during 2023-2028?
What are the key factors driving the India payment gateways
market?
What has been the impact of COVID-19 on the India payment
gateways market?
What is the breakup of the India payment gateways market based
on the application?
What is the breakup of the India payment gateways market based
on the mode of interaction?
What are the key regions in the India payment gateways market?
8. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Payment Gateways Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Application
6.1 Large Enterprises
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Micro and Small Enterprises
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Mid-Size Enterprises
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Mode of Interaction
9. Table of
Contents
7.1 Hosted Payment Gateways
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Pro/Self -Hosted Payment Gateways
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 API/Non-Hosted Payment Gateways
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Local Bank Integrates
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Direct Payment Gateways
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Platform-Based Payment Gateways
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Region
8.1 North India
8.1.1 Mark et Trends
8.1.2 Mark et Breakup by State
8.1.3 Mark et Forecast
8.2 W est and Central India
8.2.1 Mark et Trends
8.2.2 Mark et Breakup by State
8.2.3 Mark et Forecast
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