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Payment Gateway Market to 2025 – India Analysis and Forecasts by Type (Hosted Payment Gateway, Non-Hosted Payment Gateway, Direct Payment Gateway and Platform Based Payment Gateway); and Organization Size (Small & Medium Enterprise and Large Enterprise)

Publication Month: Mar 2018 | No. of Pages: 96 | Report Code: TIPTE100000835 | Category: Technology, Media and Telecomunications | Status: Published
       
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  • Payment Gateway Services enable the merchants to accept payments online with Credit Cards or Debit Cards. It is the technology that links merchant website to its processing network and merchant account. Rayzorpay, Paypal, CCAvenue, Instamojo and EBS are among the major players operating in this market. Over the years, digital payment industry in India has witnessed several initiatives both by the government and merchants, in order to promote the growth of digital payments in India. The e-commerce industry is well aware that payment gateway is the most crucial factor for their success in the business as it provides safe, reliable, secure and swift payment to their customers to make online payments. India Payment Gateway market is expected to grow from US$ 446.9 Mn in 2017 to US$ 1,708.1 Mn in 2025 at a CAGR of 19.3% between 2018 and 2025.

    The report focuses on an in-depth segmentation of this market based on type, and organization size. By type the market is further segmented into hosted, non-hosted, direct and platform based. Hosted payment gateway segment dominates the market due to merchants seeking for quick installation of payment gateway solution on their website. By organization size the market is further segmented into SMEs (Small and Medium Enterprises) and large enterprises. Large enterprises account for majority market share due to the high transaction volume and value due to which contribute major revenue share of payment gateway aggregators in India.

    The report aims to provide an overview of India payment gateway market with detailed market segmentation. Also, it analyzes the current payment gateway market scenario and forecasts the market till 2025 in India. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, trends, and opportunities in the markets with respect to India. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide PEST analysis of the country along with the SWOT analysis for all company profiled in the report.

    India comprises of approximately 15% of global populations, out of with 58% are the youth. Having such a massive ratio of the young population the payment methods in the country are transforming tremendously. The cash usage in India is declining continuously, in the year 2017, the cash usage marginally declined by 33% and is anticipated to further come down to 29% in the coming years. Whereas, the digital payment methods including card transactions have risen to 36% in 2017 from 34% in the previous year. Some of the key players of India payment gateway market include Razorpay Software Pvt. Ltd., PayPal Payments Pvt. Ltd., PayUMoney, BillDesk, CCAvenue, Ingenico Group (EBS), Instamojo Technologies Pvt Ltd., One Mobikwik Systems Pvt. Ltd, TimesofMoney Ltd., CyberSource, HDFC Payment Gateways, Oxigen Services(India) Private Limited., MASTERCARD Gateways ( MIGS) among others.

    Table of Contents

    1.1 List of Tables 7
    1.2 List of Figures 8
    2 Introduction 9
    2.1 Scope of the Study 9
    2.2 The Insight Partners Research Report Guidance 9
    3 Key Takeaways 11
    4 Payment Gateway Market Landscape 14
    4.1 Market Overview 14
    4.2 Market Segmentation 15
    4.2.1 India Payment Gateway Market – By Type 16
    4.2.2 India Payment Gateway Market – By Organization Size 16
    4.3 PEST Analysis 17
    4.3.1 India PEST Analysis 17
    4.4 Value Chain Analysis 20
    5 India Payment Gateway Market – Key Industry Dynamics 21
    5.1 Key Market Drivers 21
    5.1.1 Increasing number of transaction on ecommerce platform via digital payment methods including Credit Card, Debit Card and E-Wallets 21
    5.1.2 Lowering entry barriers in the payment service market together with technological advancement will create favorable environment for payment gateway market 22
    5.2 Key Market Restraints 22
    5.2.1 Cash based transactions are inhibiting the growth of the market 22
    5.3 Key Market Opporunities 23
    5.3.1 Increase in ecommerce transaction value, rise in the number of e-commerce startups and shifting trend towards digital payments 23
    5.3.2 Development of cutting-edge gateway solutions to promote fast payment processing with enhanced security may assist the company to grab revenue share in the India Payment Gateway Market 24
    5.4 Future Trends 25
    5.4.1 Integration of biometric authentication across Payment Gateway solutions 25
    5.4.2 Merchants handling large volume transactions are expected for develop their own payment gateway solutions 26
    5.5 Impact Analysis of Drivers and Restraints 27
    6 India Payment Gateway Market 28
    6.1 India Payment Gateway Market Overview 28
    6.2 India Payment Gateway Market Forecast and Analysis 28
    7 India Payment Gateway Market Analysis – By Type 30
    7.1 Overview 30
    7.2 Hosted Payment Gateway Market 31
    7.2.1 Overview 31
    7.2.2 India Hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 31
    7.3 Non-hosted Payment Gateway 32
    7.3.1 Overview 32
    7.3.2 Non-hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 32
    7.4 Direct Payment Gateway Market 33
    7.4.1 Overview 33
    7.4.2 Direct Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 33
    7.5 Platform Based Payment Gateway 35
    7.5.1 Overview 35
    7.5.2 Platform Based Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 35
    8 India Payment Gateway Market Analysis – By Organization Size 36
    8.1 Overview 36
    8.2 Small & Medium Enterprise 37
    8.2.1 Overview 37
    8.2.2 India Small & Medium Enterprise Market Revenue and Forecasts to 2025 (US$ Mn) 37
    8.3 Large Enterprise 38
    8.3.1 Overview 38
    8.3.2 India Large Enterprises Market Revenue and Forecasts to 2025 (US$ Mn) 38
    9 Market Entry Strategy – India Payment Gateway Market 40
    9.1 How Market entrant should start and mark their presence in India – 40
    9.1.1 Develop suitable solution targeting SME 40
    10 Industry Landscape 42
    10.1 Market Initative 42
    10.2 New Development 42
    10.3 Market Positioning 44
    11 India Payment Gateway Market – Key Company Profiles 45
    11.1 Razorpay Software Pvt. Ltd. 45
    11.1.1 Key Facts 45
    11.1.2 Business Description 45
    11.1.1 Product and Services 46
    11.1.2 Financial Overview 46
    11.1.3 SWOT Analysis 47
    11.1.4 Key Developments 47
    11.2 PayPal India Pvt. Ltd. 49
    11.2.1 Key Facts 49
    11.2.2 Business Description 49
    11.2.3 Product and Services 50
    11.2.4 Financial Overview 50
    11.2.5 SWOT Analysis 51
    11.2.6 Key Developments 51
    11.3 PayU Payments Pvt. Ltd. 52
    11.3.1 Key Facts 52
    11.3.2 Business Description 52
    11.3.3 Product and Services 53
    11.3.4 Financial Overview 53
    11.3.5 SWOT Analysis 53
    11.3.6 Key Developments 54
    11.4 BillDesk 55
    11.4.1 Key Facts 55
    11.4.2 Business Description 55
    11.4.3 Product and Services 55
    11.4.4 Financial Overview 55
    11.4.5 SWOT Analysis 56
    11.4.6 Key Developments 56
    11.5 CCAvenue 57
    11.5.1 Key Facts 57
    11.5.2 Business Description 57
    11.5.3 Product and Services 57
    11.5.4 Financial Overview 58
    11.5.5 SWOT Analysis 59
    11.5.6 Key Developments 59
    11.6 E-Billing Solutions Pvt. Ltd. (EBS) 61
    11.6.1 Key Facts 61
    11.6.2 Business Description 61
    11.6.3 Product and Services 61
    11.6.4 Financial Overview 62
    11.6.5 SWOT Analysis 63
    11.6.6 Key Developments 63
    11.7 Instamojo Technologies Pvt. Ltd. 64
    11.7.1 Key Facts 64
    11.7.2 Business Description 64
    11.7.3 Product and Services 65
    11.7.4 Financial Overview 65
    11.7.5 SWOT Analysis 65
    11.7.6 Key Developments 66
    11.8 One Mobikwik Systems Pvt. Ltd. 67
    11.8.1 Key Facts 67
    11.8.2 Business Description 67
    11.8.3 Product and Services 68
    11.8.4 Financial Overview 68
    11.8.5 SWOT Analysis 69
    11.8.6 Key Developments 69
    11.9 TimesofMoney Ltd. 70
    11.9.1 Key Facts 70
    11.9.2 Business Description 70
    11.9.3 Product and Services 71
    11.9.4 Financial Overview 71
    11.9.5 SWOT Analysis 71
    11.9.6 Key Developments 72
    11.10 Cybersource Corporation 73
    11.10.1 Key Facts 73
    11.10.2 Business Description 73
    11.10.3 Product and Services 74
    11.10.4 Financial Overview 74
    11.10.5 SWOT Analysis 74
    11.10.6 Key Developments 75
    11.11 HDFC Ltd. 76
    11.11.1 Key Facts 76
    11.11.2 Business Description 76
    11.11.3 Product and Services 76
    11.11.4 Financial Overview 77
    11.11.5 SWOT Analysis 77
    11.11.6 Key Developments 78
    11.12 Oxigen Services (India) Pvt. Ltd. 79
    11.12.1 Key Facts 79
    11.12.2 Business Description 79
    11.12.3 Product and Services 80
    11.12.4 Financial Overview 80
    11.12.5 SWOT Analysis 81
    11.12.6 Key Developments 82
    12 Appendix 83
    12.1 About The Insight Partners 83
    12.2 Glossary of Terms 84
    12.3 Methodology 86
    12.3.1 Secondary Research 86
    12.3.2 Coverage 86
    12.3.3 Primary Research 87
    12.4 Contact Us 88
    12.5 Disclaimer 88


    1.1 List of Tables

    Table 1: India Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 29
    Table 2: Glossary of Terms, Payment Gateway Market 84


    1.2 List of Figures

    Figure 1: Payment Gateway, Global Revenue (US$ Mn), 2016 & 2025 11
    Figure 2: Global Payment Gateway Market Breakdown By Organization Size, 2016 & 2025 (%) 12
    Figure 3: APAC Payment Gateway Market, Global Revenue (US$ Mn), 2016 & 2025 13
    Figure 4: India Payment Gateway Market Segmentation 15
    Figure 5: India PEST Analysis 17
    Figure 6: India PEST Analysis 20
    Figure 7: India Ecommerce Transaction by Payment Methods, 2017 21
    Figure 8: India Payment Gateway Market Increase in Revenue Opportunity, 2017 - 2025 24
    Figure 9: India Payment Gateway Market Impact Analysis of Driver and Restraints 27
    Figure 10: India Payment Gateway Market Forecast and Analysis to 2025 (US$ Mn) 29
    Figure 11: India Payment Gateways Market Breakdown By Type, 2017 & 2025 (%) 30
    Figure 12: Hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 32
    Figure 13: Non-hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 33
    Figure 14: Direct Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 34
    Figure 15: Platform Based Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 35
    Figure 16: India Payment Gateway Market Breakdown By Organization Size, 2017 & 2025 (%) 36
    Figure 17: India Small & Medium Enterprises Market Revenue and Forecasts to 2025 (US$ Mn) 38
    Figure 18: India Large Enterprises Market Revenue and Forecasts to 2025 (US$ Mn) 39

    The List of Companies

    1. Razorpay Software Pvt. Ltd.
    2. PayPal Payments Pvt. Ltd
    3. PayUMoney
    4. BillDesk
    5. CCAvenue
    6. Ingenico Group (EBS)
    7. Instamojo Technologies Pvt Ltd.
    8. One Mobikwik Systems Pvt. Ltd
    9. TimesofMoney Ltd.
    10. CyberSource
    11. HDFC Payment Gateways
    12. Oxigen Services(India) Private Limited.
    13. MASTERCARD Gateways ( MIGS)

    Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the India payment gateway market

    - Highlights key business priorities in order to assist companies to realign their business strategies

    - The key findings and recommendations highlight crucial progressive industry trends in the India payment gateway market, thereby allowing players across the value chain to develop effective long-term strategies

    - Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

    - Scrutinize in-depth India market trends and outlook coupled with the factors driving the market, as well as those hindering it

    - Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

    - Examine the political, economic, social and technology impact of India