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Stock impact report

2020 Insights into the E-payment Solutions Market in India - Featuring Blue Star, TVS Motor Company & Bajaj Auto Among Others - ResearchAndMarkets.com

HDFC Bank Limited (HDB) 
Company Research Source: Business Wire
DUBLIN--(BUSINESS WIRE)--The "E-payment Solutions Market in India 2020" report has been added to ResearchAndMarkets.com's offering.As online payment rose in popularity, paper-based clearing methods experienced a sharp blow within the overall retail payments sector (both in terms of value and volume) in FY 2019. The e-payment solutions market in India is expected to expand at a compound annual growth rate (CAGR) of ~21.74% during the FY 2020-FY 2024 period, from its FY 2019 value of INR 1,638.49 Tn to reach INR 4,323.63 Bn by FY 2024. Based on volume, the market would expand at a CAGR of ~60.65% during the same period (FY 2020-FY 2024). Bank cards (debit cards, credit cards), e-wallets and UPI are some of the common modes of online payment prevalent in the country.Development in fintech, e-commerce and digital banking is significantly driving the growth of e-payments in the country. Integration of payment services in popular non-banking mobile applications such as WhatsApp, Apple P Show less Read more
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