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India Cards & Payments: Opportunities and Risks to 2023

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  • 83 Pages
  • October 2019
  • Region: India
  • GlobalData
  • ID: 4856468
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India Cards & Payments: Opportunities and Risks to 2023

The author's 'India Cards & Payments: Opportunities and Risks to 2023' report provides detailed analysis of market trends in the Indian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2015-19e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2019e-23f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together the author's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

The author's 'India Cards & Payments: Opportunities and Risks to 2023' report provides top-level market analysis, information and insights into the Indian cards and payments industry, including:
  • Current and forecast values for each market in the Indian cards and payments industry, including debit, credit, and charge cards.
  • Detailed insights into payment instruments including cash, cards, credit transfers, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.
  • E-commerce market analysis.
  • Analysis of various market drivers and regulations governing the Indian cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

  • The Indian government is promoting digital and card-based payments in the country. In March 2019 it launched the One Nation One Card. The card is National Common Mobility Card-compliant, allowing users to make transport payments for metro, bus, and train journeys across the country. The card is supported by RuPay, enabling holders to use it for card payments and ATM withdrawals. Banks can issue it to customers as a debit, prepaid, or credit card. To promote usage, the government is providing various offers such as cashback on bill payments and cashback on usage outside India. Brihanmumbai Electricity Supply and Transport will implement the One Nation One Card system on its buses in Mumbai from November 2019 in a pilot phase, with complete rollout scheduled for 2020.
  • To bring remote rural areas into the mainstream banking arena, the government launched India Post Payments Bank (IPPB) on September 1, 2018. Like traditional banks, it enables individuals to conduct financial services including opening a current or savings account, fund transfers, utility bill payments, and merchant payments. Users can also receive direct government benefits including subsidies as well as wages. The government has launched a total of 650 IPPB branches and 3,250 access points nationwide, with one branch in each district. In addition, IPPB provides door-to-door banking services through more than 11,000 postmen. And the IPPB app allows users to manage their account and pay electricity bills, phone bills, and college fees. To further expand its product portfolio the IPPB is planning to convert into a small finance bank, which will enable it to offer credit loans. As of December 2018, 1.9 million accounts had been opened since its pilot launch in January 2017.
  • To encourage digital payment acceptance among merchants, the government is mulling guidelines for cost-effective payment solutions. During the Union Budget 2019 presentation, the government announced a merchant discount rate waiver on payments made via Bharat Interface for Money (BHIM), UPI, UPI QR Code, Aadhaar Pay, certain debit cards, National Electronic Funds Transfer (NEFT), and the Real-Time Gross Settlement (RTGS) system. Further guidelines are still awaited from the government prior to implementation.

Reasons to buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to the Indian cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Indian cards and payments industry.
  • Assess the competitive dynamics in the Indian cards and payments industry.
  • Gain insights into marketing strategies used for various card types in India.
  • Gain insights into key regulations governing the Indian cards and payments industry.

Table of Contents

  • Card-based Payments
  • Merchant Acquiring
  • E-commerce Payments
  • Mobile Proximity Payments
  • P2P Payments
  • Bill Payments
  • Alternative Payments
  • Payment Innovations
  • Payments Infrastructure & Regulation
  • Appendix

Companies Mentioned

A selection of companies mentioned in this report includes:

  • State Bank of India
  • Bank of Baroda
  • Punjab National Bank
  • Bank of India
  • Paytm Payments Bank
  • ICICI Bank
  • Andhra Bank
  • HDFC Bank
  • Axis Bank
  • Canara Bank
  • Union Bank of India
  • Indian Overseas Bank
  • Central Bank of India
  • Kotak Mahindra Bank
  • IDBI Bank
  • Indian Bank
  • Oriental Bank of Commerce
  • Syndicate Bank
  • Corporation Bank
  • Bank of Maharashtra
  • Yes Bank
  • Citibank
  • Standard Chartered
  • HSBC
  • Vijaya Bank
  • State Bank of Hyderabad
  • State Bank of Travancore
  • RuPay
  • Visa
  • Mastercard
  • American Express
  • Diners Club