| Product Code: ETC10747854 | Publication Date: Apr 2025 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
The India payroll card market import shipment displayed robust growth with a high CAGR from 2020-2024. However, there was a notable decline in growth rate between 2023 and 2024. Overall, the market exhibited strong expansion but experienced a slowdown towards the end of the period.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Payroll Card Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Payroll Card Market Revenues & Volume, 2021 & 2031F |
3.3 India Payroll Card Market - Industry Life Cycle |
3.4 India Payroll Card Market - Porter's Five Forces |
3.5 India Payroll Card Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Payroll Card Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 India Payroll Card Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 India Payroll Card Market Revenues & Volume Share, By Security Feature, 2021 & 2031F |
3.9 India Payroll Card Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 India Payroll Card Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of digital payment solutions in India |
4.2.2 Government initiatives promoting financial inclusion and cashless transactions |
4.2.3 Growing awareness about the benefits of payroll cards among employers and employees |
4.3 Market Restraints |
4.3.1 Concerns about data security and privacy issues related to using payroll cards |
4.3.2 Limited acceptance of payroll cards at merchant locations |
4.3.3 Regulatory challenges and compliance requirements impacting the market growth |
5 India Payroll Card Market Trends |
6 India Payroll Card Market, By Types |
6.1 India Payroll Card Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Payroll Card Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 India Payroll Card Market Revenues & Volume, By Open-Loop Card, 2021 - 2031F |
6.1.4 India Payroll Card Market Revenues & Volume, By Closed-Loop Card, 2021 - 2031F |
6.1.5 India Payroll Card Market Revenues & Volume, By Prepaid Payroll Card, 2021 - 2031F |
6.1.6 India Payroll Card Market Revenues & Volume, By Digital Payroll Card, 2021 - 2031F |
6.1.7 India Payroll Card Market Revenues & Volume, By Custom Payroll Card, 2021 - 2031F |
6.2 India Payroll Card Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 India Payroll Card Market Revenues & Volume, By NFC, 2021 - 2031F |
6.2.3 India Payroll Card Market Revenues & Volume, By RFID, 2021 - 2031F |
6.2.4 India Payroll Card Market Revenues & Volume, By EMV Chip, 2021 - 2031F |
6.2.5 India Payroll Card Market Revenues & Volume, By Contactless, 2021 - 2031F |
6.2.6 India Payroll Card Market Revenues & Volume, By API-Based, 2021 - 2031F |
6.3 India Payroll Card Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Payroll Card Market Revenues & Volume, By Employee Salary, 2021 - 2031F |
6.3.3 India Payroll Card Market Revenues & Volume, By Government Benefits, 2021 - 2031F |
6.3.4 India Payroll Card Market Revenues & Volume, By Freelancer Payments, 2021 - 2031F |
6.3.5 India Payroll Card Market Revenues & Volume, By Gig Economy, 2021 - 2031F |
6.3.6 India Payroll Card Market Revenues & Volume, By Remote Workers, 2021 - 2031F |
6.4 India Payroll Card Market, By Security Feature |
6.4.1 Overview and Analysis |
6.4.2 India Payroll Card Market Revenues & Volume, By PIN-Based Security, 2021 - 2031F |
6.4.3 India Payroll Card Market Revenues & Volume, By Multi-Factor Authentication, 2021 - 2031F |
6.4.4 India Payroll Card Market Revenues & Volume, By Encryption, 2021 - 2031F |
6.4.5 India Payroll Card Market Revenues & Volume, By Fraud Detection, 2021 - 2031F |
6.4.6 India Payroll Card Market Revenues & Volume, By Secure Transactions, 2021 - 2031F |
6.5 India Payroll Card Market, By End User |
6.5.1 Overview and Analysis |
6.5.2 India Payroll Card Market Revenues & Volume, By Enterprises, 2021 - 2031F |
6.5.3 India Payroll Card Market Revenues & Volume, By Government, 2021 - 2031F |
6.5.4 India Payroll Card Market Revenues & Volume, By Freelancers, 2021 - 2031F |
6.5.5 India Payroll Card Market Revenues & Volume, By Retail, 2021 - 2031F |
6.5.6 India Payroll Card Market Revenues & Volume, By Hospitality, 2021 - 2031F |
7 India Payroll Card Market Import-Export Trade Statistics |
7.1 India Payroll Card Market Export to Major Countries |
7.2 India Payroll Card Market Imports from Major Countries |
8 India Payroll Card Market Key Performance Indicators |
8.1 Percentage increase in the number of companies offering payroll card solutions to employees |
8.2 Growth in the number of transactions made through payroll cards |
8.3 Average monthly load value on payroll cards |
8.4 Number of partnerships between payroll card providers and businesses for offering payroll card services |
8.5 Rate of employee satisfaction with the convenience and benefits of using payroll cards |
9 India Payroll Card Market - Opportunity Assessment |
9.1 India Payroll Card Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Payroll Card Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 India Payroll Card Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 India Payroll Card Market Opportunity Assessment, By Security Feature, 2021 & 2031F |
9.5 India Payroll Card Market Opportunity Assessment, By End User, 2021 & 2031F |
10 India Payroll Card Market - Competitive Landscape |
10.1 India Payroll Card Market Revenue Share, By Companies, 2024 |
10.2 India Payroll Card Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |