India Bills Payment Transaction Volume Expected to Reach INR 9.4 trillion by 2020: Ken Research
·
Future Growth of India
Bills Payment Market is expected to be led by rising internet and Smartphone
penetration, followed by emergence of mobile wallet and surging trend of online
bills payment in India.
·
The mobile bills
payment, market leader Airtel is expected to maintain its dominant position in
terms of number of active subscribers and transaction volume.
·
The DTH bills payment
market player, Tata Sky and Airtel are expected to lose their share of market transaction
volume and subscribers to players such as Dish TV; Sun Direct and various other
players in coming future.
Ken
Research announced its latest publication on “India Bills Payment
Market Outlook to 2020-Rising Internet Penetration and Advent of Mobile Wallet
to Shape Future Growth” which provides a
comprehensive analysis of the bills payment market in India. The report covers
various aspects such as market size of bills payment market, active subscriber
base of market. It also includes segmentation by rural and urban market for
bills payment in India, by types of bills paid, penetration of players in
online and offline space and segmentation by different source of payment. The
report also provides competitive landscape and profile of major players
operating in different segments such as mobile bills, DTH, data card and
utility bills payment market of India. The future analysis of overall India bill
payment market and by segments has also been discussed in each of the sub
segment. The report is useful for existing third party bills payment market
players including e-commerce companies, online bill payment platforms, mobile
wallets, new startups (payments bank) emerging in the online bills payment
space and other stakeholders to align their market centric strategies according
to ongoing and expected trends in the future.
India bills payment market has
witnessed a growth in recent years on account of rising demand for online
methods of bills payment fueled by introduction of new technologies, rising
internet and smartphone penetration, geographical penetration and entry of new
players. The growth in bills payment market has been largely led by the various
factors such as rising contribution of utility sector, rising personal
disposable incomes, rise in online shopping owing to lower prices relative to
brick and mortar stores and presence of a large number of online retailers
offering payment through debit/credit cards and net banking. India bills
payment market transaction volume have grown at a CAGR of 15.5% from FY’2010-FY’2015.
According to the research report, the India
bills payment market will grow at a considerable CAGR rate thus reaching INR 9.4
trillion by FY’2020 with increasing competition and rising surge in number of
mobile wallet users and payment apps downloads, rising adoption of cashless
payment in tier II and tier III cities and emergence of new payment mechanism
such as NFC in future.
“Mobile wallet
transaction is among the fastest growing paperless modes, though settlements
through this mode were valued at a miniscule INR 1,000 billion in FY’2015.
About 50% of the transactions through wallets in FY15 were for remittances and
shopping while the rest 50% for mobile bills payment, DTH bills payment, data
card bills payment, bill payments and movie / travel ticket purchases.”,
according to the Research Analyst, Ken Research.
Key Topics Covered in
the Report:
·
India Bills Payment Market
Size
o
By Transaction volume
o
By Active Consumer Base
-
Market Segmentation by
o
Mode of Payment
o
By Types of Bills Paid
o
By Rural and Urban
Areas
·
Online Bills Payment
Market
-
Market Segmentation by
o
By Types of Bills Paid
o
By Rural and Urban
Areas
·
Offline Bills Payment
Market
o
By Types of Bills Paid
o
By Rural and Urban
Areas
·
India Mobile Bills Payment
Market Size
- Market
Segmentation by
o
By Mode of Payment
o
By Rural and Urban
Areas
o
By Prepaid and Postpaid Subscribers
·
India DTH Bills Payment
Market Size
- Market Segmentation
by
o
By Mode of Payment
o
By Rural and Urban
Areas
·
India Data Card Bills Payment
Market Size
- Market
Segmentation by
o
By Technology-CDMA and
GSM
o
By Mode of Payment
o
By Rural and Urban
Areas
·
India Utility Bills Payment
Market Size
- Market Segmentation
by
o
By Types of Bills Paid
o
By Rural and Urban
Areas
o
By Mode of Payment
·
India Mobile Wallet
Bills Payment Market
·
Government Regulations
in Bills Payment Market
·
Issues and Challenges
·
Trends and Development
·
Competition and Market
Share
·
Growth Drivers
·
Future Outlook
·
Macro Economic
Parameters
·
Analyst
Recommendations
Companies Covered in
the Report
Airtel
Money, Vodafone M-Pesa, Paytm, Freecharge, Mobikwik, Recharge It Now, Oxigen, Bill
Desk, Suvidhaa, Easy Bill, CC Avenues, Citrus Pay
Products Covered in
the Report:
Utility
Bill payment, Mobile Prepaid Recharges, Postpaid bill payment, DTH recharge,
Datacard Recharge, Third Party Billers, Third Party Payment Portals, Banks,
Mobile Wallets, Biller’s Portal, Online Bill Payment, Offline Bill Payment
Related Reports:
Contact Us
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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