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India Mobile Payment Service Providers Market Report 2020: Mobile Payment App Transactions Increase in India, Amidst the COVID-19 Pandemic.
Dublin, Oct. 29, 2020 (GLOBE NEWSWIRE) - The "Top Mobile Payment Service Providers in India 2020 and their Reaction to the COVID-19 Crisis" report has been added to ResearchAndMarkets.com's commitment.
Versatile portion application trades increase in India, amidst the COVID-19 pandemic
Before the spread of COVID-19,
the example of making a trade by methods for adaptable portion applications was by then getting power in India. After the Covid scene, this activity moreover stimulated as buyers started changing to modernized portion techniques. As demonstrated by the report, adaptable portion applications, for instance, Amazon pay, Google pay and PhonePe in India saw an immense extension in the amount of trades made by methods for their establishment during the COVID-19 crisis.
During the COVID-19 pandemic, top adaptable portion expert associations in India grasp new features to their establishment
Other fascinating real factors highlighted in the report consolidate the various frameworks executed by the top compact portion applications in India during the on-going prosperity crisis. The appropriation similarly describes assurance organizations dispatched by these portion stages, including a COVID-19 clinical inclusion pack gave by PhonePe. Besides, the top flexible portion authority associations furthermore familiar more contactless portion organizations with assistance their customers as they stick to social isolating standards during the pandemic.
Report Coverage
This report covers India's portion market with an accentuation on the reaction of the top adaptable portion authority associations to the COVID-19 erupt. It joins information related to portion methodologies used, trade volumes, portion designs and continuous COVID-19 related reports on the top Mobile PSPs in India.
The report revolves around the philosophies got by Indian Mobile PSP's during the COVID-19 pandemic. Information related to both inaccessible and in-store portions.
The data in our reports is commonly circulated from the previous a year. The particular date of conveyance of the source is communicated on each graph. The interval of time which the data insinuates differs by source.
Report Structure.
The graph part opens the report, featuring a rundown of portions market in India. The latest examples and upgrades are summarized on the substance frameworks and data highlights are given on quantitative diagrams.
The rest of the report is parceled by the primary four convenient PSP's presented in the dropping solicitation of their bit of the pie of portion applications. Inside each part, there is an association profile, text graphs with pertinent news and quantitative layouts.
Dependent upon data availability, the going with kinds of market information are consolidated: regard or conceivably volume of trades, number of customers, portion procedures used coming up and on the web, COVID-19's impact on the PSPs.
Not all the referred to kinds of information are obliged all of the made sure about Payment Service Providers on account of fluctuating data openness.
Key Topics Covered:
1. The board Summary
2. Diagram
Covid's Impact on Mobile Payment Services, September 2020
Online business Payments Value, in USD billion, 2019 and 2023f
Volume of UPI Transactions of Retail Online Payments, in billion, April 2020 - June 2020
Segment of Consumers Who Plan to Increase Their Usage of Digital Payments In the Next 6-9 Months Due To COVID-19 Outbreak, in %, Compared to Global Average, April 2020
Change in Usage of Selected Payment Methods Amid the COVID-19 Outbreak, by Usage in the Past Month and in the Next 6 Months, in % of Consumers, April 2020
Flexible Wallet Apps Used, in % of Internet Users, July 2019
Bit of the pie of Payment Apps, in %, May 2020
Supported Online Payment Platform, in % of Consumers, February 2020
Part of World's Digital Payments Market by 2023, in %, July 2020
3. Google Pay
Profile of Google Pay in India, September 2020
Covid's Impact on Google Pay's development, September 2020
UPI Transactions Facilitated by Google Pay, in millions, April 2020 and May 2020
Online Payment Platform Used by Indian Consumers, in %, February 2020
4. PhonePE
Profile of PhonePe in India, September 2020
Covid's Impact on PhonePe's development, September 2020
Trades Facilitated by PhonePe, in millions, April 2020 and May 2020
Online Payment Platform Used by Indian Consumers, in %, February 2020
5. Amazon Pay
Profile of Amazon Pay in India, September 2020
Covid's Impact on Amazon Pay's development, September 2020
Trades Facilitated by Amazon Pay, in millions, March 2020 and May 2020
Online Payment Platform Used by Indian Consumers, in %, February 2020
6. Paytm
Profile of Paytm in India, September 2020
Covid's Impact on Paytm's development, September 2020
Paytm's Market Share of Payment Apps, in %, May 2020
UPI Transactions Facilitated by Paytm, in millions, March 2020, April 2020 and May 2020
- Associations Mentioned
- Amazon Payments Inc
- Freecharge Payment Technologies Pvt Ltd
- Google Payment Corp
- ICICI Bank Ltd
- PayPal Inc
- Paytm Mobile Solutions Pvt Ltd
- PhonePe Internet Pvt Ltd
- WhatsApp Inc.
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