India Payment Market & Volume, Revenue by Digital Mode, Companies, Forecast By 2027

The Indian payment spaces have seen extraordinary growth in the last few years. India has seen rampant through rise in internet and mobile users, due to affordable mobile internet, and increasing use of mobile apps. Further digitization in payments has gained significant momentum and has huge potential to this market. The introduction of new payment products like Unified Payments Interface (UPI), National Electronic Toll Collection (NETC) and credit card and Bharat Bill Pay Service (BBPS), Cross-Border Remittances, Cards , Debit Card Transactions, Credit Card, Debit Card and ATM Transactions have firmly placed the India payment industry on an upward growth trajectory. With new payment tools and user across regions emerging, this growth is expected to continue in future too. According Renub Research, India Payment Market will reach to INR 280.84 Trillion by 2027.

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