TransUnion Completes Acquisition of Verisk Financial Services
TransUnion completed its acquisition of Verisk Financial Services. Together, our combined capabilities will help us better serve customers through enhanced insights into customer behaviour. Read More.
The report from Argus Advisory Research provides a comprehensive overview of the cards, payments and consumer banking market for India.
The report details key performance indicators for the Indian cards market as well as e-commerce, finch and mobile payments, credit card profitability, card networks, card issuers, merchant acquiring and the regulatory environment. Data tables contain detailed figures on transactions and volumes from 2016 to 2021, with estimates and forecasts of the Indian card payments industry to 2025.
In an uncertain geopolitical environment, the Indian authorities are increasingly aware of payments' strategic value, with central bank regulation exceptionally influential.
The value of mobile proximity payments is set to reach almost 80 per cent of card purchase volume during 2022: ample revenue opportunities abound for players who can find a way to bring something new to a payments-savvy populace.
How the Indian payments market is evolving as rearchitecting continues.
The effect of the Covid pandemic on spending habits.
Profiles of major players in the hot mobile payments space.
Why acquiring in India remains highly dynamic.
The rising value of mobile proximity payments.
How QR code acceptance has proliferated.
TABLE OF CONTENTS
Demographics and the economy.
India cards market.
Key retail banks and issuers.
Acquiring and processing.
Regulatory and other cards market information.
India Country Report Data Tables
(All 2016-25F unless otherwise stated)
1: Demographic and economic indicators.
2: Ownership of key consumer devices.
3: Internet usage by population.
4: Access points: 2016-23F.
5: Account penetration.
6: Consumer payment trends: 2016-23F.
7: B2C e-commerce payment methods: 2016-23F.
8: Total card payment metrics.
9: Contactless cards metrics.
10: Credit card numbers.
11: Total credit cards metrics.
12: Credit cards profitability indicators.
13: Debit card numbers.
14: Debit card metrics.
15: Pre-paid/e-money card metrics.
16: Mobile proximity payment metrics.
17: Mobile P2P payments.
18: Profit pool: credit card numbers, billed volumes, oustandings, interest incomes, net interest revenues, merchant revenues, card fee revenues, other non-interest incomes, total revenues, net credit losses, operating expenses, total expenses, pre-tax profits, merchant service charges, rollover rates, APR, net credit losses to outstandings, operating costs to revenues, ROA (pre-tax profits to outstandings).
(All 2016-23F below unless otherwise stated)
19: Networks' credit card market shares.
20: Networks' credit card numbers.
21: Networks' credit card billed volume.
22: Networks' number of credit card transactions.
23: Networks' average credit card transaction value.
24: Credit card interchange fees by network.
25: Networks' debit card market shares.
26: Networks' debit card data numbers.
27: Networks' debit card billed volume.
28: Networks' number of debit card transactions.
29: Networks' average debit card transaction value.
30: Debit card interchange fees by network.
31: Key credit card issuers' market shares by credit card numbers: 2018-23F.
32: Key issuer's market shares in credit card outstandings: 2018-23F.
33: Key debit card issuers' market shares by debit card numbers: 2018-23F.
34: Merchant acquirer credit card market share: 2022E.
35: Credit card merchant service charges: 2016-25F.
36: Merchant acquirer debit card market share: 2022E.
37: Debit card merchant service charges: 2016-25F.
38: Credit card issuer/issuing processor relationships: -
39: Credit card acquirer/acquiring processor relationships: -
40: Credit card issuing processor market shares by card numbers: 2022E.
41: Credit card acquiring processor market shares by the number of POS transactions: 2022E.
42: Online merchant acquirer market share: 2022E.
Demographics and Economy
India was amongst the countries hardest hit by the pandemic and ensuing health-related restrictions. Real GDP growth ... declined by 6.6 per cent during the Covid- afflicted 2020.
India is home to one of the world's most vibrant and fast-moving payments markets. A massive population, coupled with a governmental determination to reduce cash use, has created a fascinating arms race.
While the traditional cards market still has potential, it also faces serious competition and will need to develop innovative models to integrate back into the rapidly evolving payments ecosystem that has been emerging here.
The surge in the number of mobile phone and internet users in India indicates that the digital payments market, though already vast, retains huge further potential.
Credit card numbers here have been on the rise, growing from around 23 million cards in 2015 to almost 69 million in 2021. AAR forecasts that credit card numbers could swell to a little over 100 million by 2025.
There are two primary networks in India, with a combined estimated market share of 94 per cent of credit cards in issue by the end of 2022. American Express, Diners Club and RuPay account for the remaining six per cent share.
Key Retail Banks and Issuers
Great structural shifts in the banking and finance sector caused by the evolving interconnectivity between traditional banks and non-banks are currently underway.
Acquiring and Processing
While many may think that a move to QR code could stifle the potential of mPOS development, it seems that a more multifaceted approach will occur in the payments space. In India, banks either conduct their card processing activities in-house or outsource them to payment service providers.
It is widely expected that online acquiring will become a hub of collaborations and partnerships as advancements in technology and payment products should prove difficult for retail banks to keep up with independently.
Regulatory and Markets Information
The Reserve Bank of India (RBI) is the country's central bank. Its Payment and Settlement Systems Vision 2019- 21 emphasises the need for enhanced user experience, an improved regulatory environment and empowered payment players.
Airtel Payments Bank
Amazon Web Services
Bank of Baroda
Bank of India
BOB Financial Solutions
Central Bank of India
Chennai Super Kings
Ezetap Mobile Solutions
Fino Payments Bank
Hitachi Payment Services
ICICI Merchant Services
India Post Payment Bank
Indian Overseas Bank
Jio Payments Bank
Kotak Mahindra Bank
Life Insurance Corporation of India
NSDL Payments Bank
Oriental Bank of Commerce
Paytm Payments Bank
Punjab National Bank
Reserve Bank of India
Royal Bank of Scotland
South Indian Bank
TechProcess Payment Services
Reports deliver market and competitor intelligence on payments cards, e-money, acquiring/processing, retail banking, and consumer credit in the Asia Pacific. Analysts use primary and secondary source data and conduct in-depth interviews with senior industry executives and Asia Pacific experts.
To find out more or to discuss subscription options, please email firstname.lastname@example.org or telephone +44(0)20 3764 0301.