Article -> Article Details
| Title | India Digital Payment Gateway Market Size, Share, Report 2025-2033 |
|---|---|
| Category | Business --> Information Technology |
| Meta Keywords | India Digital Payment Gateway Market, |
| Owner | Ranjeet Sharma |
| Description | |
| The latest report by IMARC Group, titled “India Digital
Payment Gateway Market Size, Share, Trends and Forecast by Type, Organization
Size, Application, and Region, 2025–2033,” offers a comprehensive analysis of
the India digital payment gateway market growth. The report also includes
competitor and regional analysis, along with a breakdown of segments within the
industry. The India digital payment gateway market size reached USD 3.80
Billion in 2024. Looking forward, IMARC Group expects the market to reach USD
20.07 Billion by 2033, exhibiting a growth rate (CAGR) of 20.29% during
2025–2033. Base Year: 2024 Forecast Years: 2025–2033 Historical Years: 2019–2024 Market Size in 2024: USD 3.80 Billion Market Forecast in 2033: USD 20.07 Billion Market Growth Rate 2025–2033: 20.29% India Digital Payment Gateway Market Overview The India digital payment gateway market is experiencing
robust growth, driven by rising smartphone penetration, increasing internet
connectivity, strong government initiatives like Digital India, growing
e-commerce adoption, favorable regulatory policies, rising Unified Payments
Interface (UPI) transactions, and expanding fintech innovations. Request For Sample Report: https://www.imarcgroup.com/india-digital-payment-gateway-market/requestsample India Digital Payment Gateway Market Trends and Drivers The digital payment gateway market in India is experiencing
exponential growth of UPI transactions because of smartphone adoption,
improvement in internet accessibility, and the government's active financial
inclusion programs. For example, in 2024, the Union Cabinet approved a ₹1,500
crore scheme to promote low-value BHIM-UPI transactions among small merchants,
aiming to strengthen the digital payment ecosystem. IMARC Group In addition, the real-time payment system, UPI, has
revolutionized digital transactions by providing quick peer-to-peer (P2P) and
merchant payment options, which are both convenient and affordable. Moreover,
the implementation of UPI 2.0, together with AutoPay functions and UPI credit,
and international payment system integration, enhances its growing usage. According to reports, in October 2024, UPI processed 16.58
billion transactions worth ₹23.49 lakh crore, marking a 45% year-on-year growth
and underscoring India's shift towards a cashless economy. Furthermore, UPI-based solutions implemented by banks and
fintech firms, and merchants result in the expansion of embedded finance and
digital-first banking services. As a result, the expansion of UPI into rural
areas through UPI Lite and offline payment initiatives is driving adoption to
reach all segments of society and boosting the India digital payment gateway
market share. India Digital Payment Gateway Market Segmentation
·
Hosted Payment Gateways ·
Pro/Self-Hosted Payment Gateways ·
API/Non-Hosted Payment Gateways ·
Local Bank Integrates ·
Direct Payment Gateways ·
Platform-Based Payment Gateways
·
Large Enterprises ·
Micro and Small Enterprises ·
Mid-Size Enterprises
·
Retail ·
Hospitality ·
Healthcare ·
Education ·
Others
·
North India ·
West and Central India ·
South India ·
East India Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-digital-payment-gateway-market India Digital Payment Gateway Market News October 2024: UPI processed 16.58 billion
transactions worth ₹23.49 lakh crore, marking a 45% year-on-year growth and
underscoring India's shift towards a cashless economy. 2024: The Union Cabinet approved a ₹1,500 crore
scheme to promote low-value BHIM-UPI transactions among small merchants, aiming
to strengthen the digital payment ecosystem. Key Highlights of the Report
Note: If you need specific information that is not
currently within the scope of the report, we can provide it to you as a part of
the customization. Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=31271&flag=E About Us IMARC Group is a leading market research company that offers
management strategy and market research worldwide. We partner with clients in
all sectors and regions to identify their highest-value opportunities, address
their most critical challenges, and transform their businesses. IMARC’s
information products include major market, scientific, economic and
technological developments for business leaders in pharmaceutical, industrial,
and high technology organizations. Contact Us IMARC Group | |