India Payment Gateway Market to 2025 - Regional Analysis and Forecasts by Type (Hosted Payment Gateway, Non-Hosted Payment Gateway, Direct Payment Gateway and Platform Based Payment Gateway); and Organization Size (Small & Medium Enterprise and Large Enterprise)
TIPTE100000835 |
Pages: 96 |
Technology, Media and Telecommunications |
Mar 2018
|
Type: Regional |
Status: Published
India Payment Gateway market is expected to grow from US$ 446.9 Mn in 2017 to US$ 1,708.1Mn in 2025 at a CAGR of 19.3% between 2018 and 2025.
Payment Gateway Services enable the merchants to accept payments online with Credit Cards or Debit Cards. It is the technology that links merchant website to its processing network and merchant account. Rayzorpay, Paypal, CCAvenue, Instamojo and EBS are among the major players operating in this market. Over the years, digital payment industry in India has witnessed several initiatives both by the government and merchants, in order to promote the growth of digital payments in India. The e-commerce industry is well aware that payment gateway is the most crucial factor for their success in the business as it provides safe, reliable, secure and swift payment to their customers to make online payments.
The report focuses on an in-depth segmentation of this Payment Gateway Market based on type, and organization size. By type the market is further segmented into hosted, non-hosted, direct and platform based. Hosted payment gateway segment dominates the market due to merchants seeking for quick installation of payment gateway solution on their website. By organization size the market is further segmented into SMEs (Small and Medium Enterprises) and large enterprises. Large enterprises account for majority market share due to the high transaction volume and value due to which contribute major revenue share of payment gateway aggregators in India.
The Payment Gateway Marketreport aims to provide an overview of India payment gateway market with detailed market segmentation. Also, it analyzes the current payment gateway market scenario and forecasts the market till 2025 in India. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, trends, and opportunities in the markets with respect to India. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide PEST analysis of the country along with the SWOT analysis for all company profiled in the report.
India comprises of approximately 15% of global populations, out of with 58% are the youth. Having such a massive ratio of the young population the payment methods in the country are transforming tremendously. The cash usage in India is declining continuously, in the year 2017, the cash usage marginally declined by 33% and is anticipated to further come down to 29% in the coming years. Whereas, the digital payment methods including card transactions have risen to 36% in 2017 from 34% in the previous year. Some of the key players of India payment gateway market include Razorpay Software Pvt. Ltd., PayPal Payments Pvt. Ltd., PayUMoney, BillDesk, CCAvenue, Ingenico Group (EBS), Instamojo Technologies Pvt Ltd., One Mobikwik Systems Pvt. Ltd, TimesofMoney Ltd., CyberSource, HDFC Payment Gateways, Oxigen Services(India) Private Limited., MASTERCARD Gateways ( MIGS) among others.
Payment Gateway Services enable the merchants to accept payments online with Credit Cards or Debit Cards. It is the technology that links merchant website to its processing network and merchant account. Rayzorpay, Paypal, CCAvenue, Instamojo and EBS are among the major players operating in this market. Over the years, digital payment industry in India has witnessed several initiatives both by the government and merchants, in order to promote the growth of digital payments in India. The e-commerce industry is well aware that payment gateway is the most crucial factor for their success in the business as it provides safe, reliable, secure and swift payment to their customers to make online payments.
The report focuses on an in-depth segmentation of this Payment Gateway Market based on type, and organization size. By type the market is further segmented into hosted, non-hosted, direct and platform based. Hosted payment gateway segment dominates the market due to merchants seeking for quick installation of payment gateway solution on their website. By organization size the market is further segmented into SMEs (Small and Medium Enterprises) and large enterprises. Large enterprises account for majority market share due to the high transaction volume and value due to which contribute major revenue share of payment gateway aggregators in India.
The Payment Gateway Marketreport aims to provide an overview of India payment gateway market with detailed market segmentation. Also, it analyzes the current payment gateway market scenario and forecasts the market till 2025 in India. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, trends, and opportunities in the markets with respect to India. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide PEST analysis of the country along with the SWOT analysis for all company profiled in the report.
India comprises of approximately 15% of global populations, out of with 58% are the youth. Having such a massive ratio of the young population the payment methods in the country are transforming tremendously. The cash usage in India is declining continuously, in the year 2017, the cash usage marginally declined by 33% and is anticipated to further come down to 29% in the coming years. Whereas, the digital payment methods including card transactions have risen to 36% in 2017 from 34% in the previous year. Some of the key players of India payment gateway market include Razorpay Software Pvt. Ltd., PayPal Payments Pvt. Ltd., PayUMoney, BillDesk, CCAvenue, Ingenico Group (EBS), Instamojo Technologies Pvt Ltd., One Mobikwik Systems Pvt. Ltd, TimesofMoney Ltd., CyberSource, HDFC Payment Gateways, Oxigen Services(India) Private Limited., MASTERCARD Gateways ( MIGS) among others.
1 Table of Contents
1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Scope of the Study
2.2 The Insight Partners Research Report Guidance
3 Key Takeaways
4 Payment Gateway Market Landscape
4.1 Market Overview
4.2 Market Segmentation
4.2.1 India Payment Gateway Market – By Type
4.2.2 India Payment Gateway Market – By Organization Size
4.3 PEST Analysis
4.3.1 India PEST Analysis
4.4 Value Chain Analysis
5 India Payment Gateway Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing number of transaction on ecommerce platform via digital payment methods including Credit Card, Debit Card and E-Wallets
5.1.2 Lowering entry barriers in the payment service market together with technological advancement will create favorable environment for payment gateway market
5.2 Key Market Restraints
5.2.1 Cash based transactions are inhibiting the growth of the market
5.3 Key Market Opporunities
5.3.1 Increase in ecommerce transaction value, rise in the number of e-commerce startups and shifting trend towards digital payments
5.3.2 Development of cutting-edge gateway solutions to promote fast payment processing with enhanced security may assist the company to grab revenue share in the India Payment Gateway Market
5.4 Future Trends
5.4.1 Integration of biometric authentication across Payment Gateway solutions
5.4.2 Merchants handling large volume transactions are expected for develop their own payment gateway solutions
5.5 Impact Analysis of Drivers and Restraints
6 India Payment Gateway Market
6.1 India Payment Gateway Market Overview
6.2 India Payment Gateway Market Forecast and Analysis
7 India Payment Gateway Market Analysis – By Type
7.1 Overview
7.2 Hosted Payment Gateway Market
7.2.1 Overview
7.2.2 India Hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
7.3 Non-hosted Payment Gateway
7.3.1 Overview
7.3.2 Non-hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
7.4 Direct Payment Gateway Market
7.4.1 Overview
7.4.2 Direct Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
7.5 Platform Based Payment Gateway
7.5.1 Overview
7.5.2 Platform Based Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
8 India Payment Gateway Market Analysis – By Organization Size
8.1 Overview
8.2 Small & Medium Enterprise
8.2.1 Overview
8.2.2 India Small & Medium Enterprise Market Revenue and Forecasts to 2025 (US$ Mn)
8.3 Large Enterprise
8.3.1 Overview
8.3.2 India Large Enterprises Market Revenue and Forecasts to 2025 (US$ Mn)
9 Market Entry Strategy – India Payment Gateway Market
9.1 How Market entrant should start and mark their presence in India –
9.1.1 Develop suitable solution targeting SME
10 Industry Landscape
10.1 Market Initative
10.2 New Development
10.3 Market Positioning
11 India Payment Gateway Market – Key Company Profiles
11.1 Razorpay Software Pvt. Ltd.
11.1.1 Key Facts
11.1.2 Business Description
11.1.1 Product and Services
11.1.2 Financial Overview
11.1.3 SWOT Analysis
11.1.4 Key Developments
11.2 PayPal India Pvt. Ltd.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Product and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 PayU Payments Pvt. Ltd.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Product and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 BillDesk
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Product and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 CCAvenue
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Product and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 E-Billing Solutions Pvt. Ltd. (EBS)
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Product and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Instamojo Technologies Pvt. Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Product and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 One Mobikwik Systems Pvt. Ltd.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Product and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 TimesofMoney Ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Product and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.1 Cybersource Corporation
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Product and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
11.11 HDFC Ltd.
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Product and Services
11.11.4 Financial Overview
11.11.5 SWOT Analysis
11.11.6 Key Developments
11.12 Oxigen Services (India) Pvt. Ltd.
11.12.1 Key Facts
11.12.2 Business Description
11.12.3 Product and Services
11.12.4 Financial Overview
11.12.5 SWOT Analysis
11.12.6 Key Developments
12 Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
12.3 Methodology
12.3.1 Secondary Research
12.3.2 Coverage
12.3.3 Primary Research
12.4 Contact Us
12.5 Disclaimer
1.1 List of Tables
Table 1: India Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
Table 2: Glossary of Terms, Payment Gateway Market
1.2 List of Figures
Figure 1: Payment Gateway, Global Revenue (US$ Mn), 2016 & 2025
Figure 2: Global Payment Gateway Market Breakdown By Organization Size, 2016 & 2025 (%)
Figure 3: APAC Payment Gateway Market, Global Revenue (US$ Mn), 2016 & 2025
Figure 4: India Payment Gateway Market Segmentation
Figure 5: India PEST Analysis
Figure 6: India PEST Analysis
Figure 7: India Ecommerce Transaction by Payment Methods, 2017
Figure 8: India Payment Gateway Market Increase in Revenue Opportunity, 2017 - 2025
Figure 9: India Payment Gateway Market Impact Analysis of Driver and Restraints
Figure 10: India Payment Gateway Market Forecast and Analysis to 2025 (US$ Mn)
Figure 11: India Payment Gateways Market Breakdown By Type, 2017 & 2025 (%)
Figure 12: Hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 13: Non-hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 14: Direct Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 15: Platform Based Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 16: India Payment Gateway Market Breakdown By Organization Size, 2017 & 2025 (%)
Figure 17: India Small & Medium Enterprises Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 18: India Large Enterprises Market Revenue and Forecasts to 2025 (US$ Mn)
1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Scope of the Study
2.2 The Insight Partners Research Report Guidance
3 Key Takeaways
4 Payment Gateway Market Landscape
4.1 Market Overview
4.2 Market Segmentation
4.2.1 India Payment Gateway Market – By Type
4.2.2 India Payment Gateway Market – By Organization Size
4.3 PEST Analysis
4.3.1 India PEST Analysis
4.4 Value Chain Analysis
5 India Payment Gateway Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing number of transaction on ecommerce platform via digital payment methods including Credit Card, Debit Card and E-Wallets
5.1.2 Lowering entry barriers in the payment service market together with technological advancement will create favorable environment for payment gateway market
5.2 Key Market Restraints
5.2.1 Cash based transactions are inhibiting the growth of the market
5.3 Key Market Opporunities
5.3.1 Increase in ecommerce transaction value, rise in the number of e-commerce startups and shifting trend towards digital payments
5.3.2 Development of cutting-edge gateway solutions to promote fast payment processing with enhanced security may assist the company to grab revenue share in the India Payment Gateway Market
5.4 Future Trends
5.4.1 Integration of biometric authentication across Payment Gateway solutions
5.4.2 Merchants handling large volume transactions are expected for develop their own payment gateway solutions
5.5 Impact Analysis of Drivers and Restraints
6 India Payment Gateway Market
6.1 India Payment Gateway Market Overview
6.2 India Payment Gateway Market Forecast and Analysis
7 India Payment Gateway Market Analysis – By Type
7.1 Overview
7.2 Hosted Payment Gateway Market
7.2.1 Overview
7.2.2 India Hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
7.3 Non-hosted Payment Gateway
7.3.1 Overview
7.3.2 Non-hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
7.4 Direct Payment Gateway Market
7.4.1 Overview
7.4.2 Direct Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
7.5 Platform Based Payment Gateway
7.5.1 Overview
7.5.2 Platform Based Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
8 India Payment Gateway Market Analysis – By Organization Size
8.1 Overview
8.2 Small & Medium Enterprise
8.2.1 Overview
8.2.2 India Small & Medium Enterprise Market Revenue and Forecasts to 2025 (US$ Mn)
8.3 Large Enterprise
8.3.1 Overview
8.3.2 India Large Enterprises Market Revenue and Forecasts to 2025 (US$ Mn)
9 Market Entry Strategy – India Payment Gateway Market
9.1 How Market entrant should start and mark their presence in India –
9.1.1 Develop suitable solution targeting SME
10 Industry Landscape
10.1 Market Initative
10.2 New Development
10.3 Market Positioning
11 India Payment Gateway Market – Key Company Profiles
11.1 Razorpay Software Pvt. Ltd.
11.1.1 Key Facts
11.1.2 Business Description
11.1.1 Product and Services
11.1.2 Financial Overview
11.1.3 SWOT Analysis
11.1.4 Key Developments
11.2 PayPal India Pvt. Ltd.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Product and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 PayU Payments Pvt. Ltd.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Product and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 BillDesk
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Product and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 CCAvenue
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Product and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 E-Billing Solutions Pvt. Ltd. (EBS)
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Product and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Instamojo Technologies Pvt. Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Product and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 One Mobikwik Systems Pvt. Ltd.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Product and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 TimesofMoney Ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Product and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.1 Cybersource Corporation
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Product and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
11.11 HDFC Ltd.
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Product and Services
11.11.4 Financial Overview
11.11.5 SWOT Analysis
11.11.6 Key Developments
11.12 Oxigen Services (India) Pvt. Ltd.
11.12.1 Key Facts
11.12.2 Business Description
11.12.3 Product and Services
11.12.4 Financial Overview
11.12.5 SWOT Analysis
11.12.6 Key Developments
12 Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
12.3 Methodology
12.3.1 Secondary Research
12.3.2 Coverage
12.3.3 Primary Research
12.4 Contact Us
12.5 Disclaimer
1.1 List of Tables
Table 1: India Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
Table 2: Glossary of Terms, Payment Gateway Market
1.2 List of Figures
Figure 1: Payment Gateway, Global Revenue (US$ Mn), 2016 & 2025
Figure 2: Global Payment Gateway Market Breakdown By Organization Size, 2016 & 2025 (%)
Figure 3: APAC Payment Gateway Market, Global Revenue (US$ Mn), 2016 & 2025
Figure 4: India Payment Gateway Market Segmentation
Figure 5: India PEST Analysis
Figure 6: India PEST Analysis
Figure 7: India Ecommerce Transaction by Payment Methods, 2017
Figure 8: India Payment Gateway Market Increase in Revenue Opportunity, 2017 - 2025
Figure 9: India Payment Gateway Market Impact Analysis of Driver and Restraints
Figure 10: India Payment Gateway Market Forecast and Analysis to 2025 (US$ Mn)
Figure 11: India Payment Gateways Market Breakdown By Type, 2017 & 2025 (%)
Figure 12: Hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 13: Non-hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 14: Direct Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 15: Platform Based Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 16: India Payment Gateway Market Breakdown By Organization Size, 2017 & 2025 (%)
Figure 17: India Small & Medium Enterprises Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 18: India Large Enterprises Market Revenue and Forecasts to 2025 (US$ Mn)
The List of Companies
1. Razorpay Software Pvt. Ltd.
2. PayPal Payments Pvt. Ltd
3. PayUMoney
4. BillDesk
5. CCAvenue
6. Ingenico Group (EBS)
7. Instamojo Technologies Pvt Ltd.
8. One Mobikwik Systems Pvt. Ltd
9. TimesofMoney Ltd.
10. CyberSource
11. HDFC Payment Gateways
12. Oxigen Services(India) Private Limited.
13. MASTERCARD Gateways ( MIGS)
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the India payment gateway market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the India payment gateway market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth India market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
- Examine the political, economic, social and technology impact of India.
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