India Digital Payment Market By Industry Size, Share, Trends, Opportunity and Forecast, 2026 | TechSci Research
According to TechSci Research, India digital payment market is expected to witness double digit CAGR during the forecast period owing to government’s emphasis on promoting digitalization with introduction ‘Digital India’ campaign. The growing trend of cashless payment methods such as mobile wallets, internet banking, mobile banking and PoS are acting as key growth drivers for this market. In addition to this, India’s large population with high smart phone penetration and increasing internet penetration are supporting the growth of India digital payment market. Also, digital payments have made banking services more accessible to a wider population and have diminished the pain points that are involved in traditional services such as NEFT and RTGS. This is further fueling the growth of digital payment market in India. Furthermore, digital payments are increasingly becoming a way of making transactions in India with presence of over 45 mobile wallet providers and around 50 UPI-...