India Real-Time Payments Market (2025-2031) Outlook | Industry, Growth, Forecast, Companies, Analysis, Trends, Revenue, Value, Share & Size

Name: India Real-Time Payments Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Real-Time Payments Market, India Real-Time Payments Market, India Real-Time Payments Market Revenues, India Real-Time Payments Market Share, India Real-Time Payments Market Size, India Real-Time Payments Market Outlook, India Real-Time Payments Market Report, India Real-Time Payments Market Competition, India Real-Time Payments Market Overview, India Real-Time Payments Market Trends, India Real-Time Payments Market Forecast

Market Forecast By Nature of Payment (Person-to-Person (P2P), Person-to-Business (P2B), Business-to-Person (B2P), Others), By Component (Solutions, Services), By Deployment Mode (On-premises, Cloud), By Enterprise Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises), By Vertical (BFSI, IT and Telecommunications, Retail and e-commerce, Government, Energy and Utilities, Others) And Competitive Landscape

Product Code: ETC4398985	Publication Date: Jul 2023	Updated Date: Aug 2025	Product Type: Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 85	No. of Figures: 45	No. of Tables: 25

India Real-Time Payments Market Overview

The real-time payments market in India is experiencing a significant transformation, driven by the government`s initiatives to promote digital payments and the adoption of Unified Payments Interface (UPI) systems. Real-time payment solutions have gained rapid acceptance in various sectors, including banking, e-commerce, and retail. Consumers and businesses in India now expect fast, secure, and convenient payment options, leading to the rapid expansion of the real-time payments market. This trend is reshaping the country`s financial ecosystem, with the potential to foster financial inclusion and innovation.

Drivers of the Market

The India real-time payments market is growing rapidly, underpinned by the government`s push for a digital economy and financial inclusion. Real-time payments allow individuals and businesses to make instant transactions, enhancing convenience and efficiency. The introduction of the Unified Payments Interface (UPI) has revolutionized digital payments in India, making it easy for users to send and receive money in real time. The demonetization drive and the COVID-19 pandemic accelerated the adoption of digital payment solutions. With the government actively promoting digital financial services and the surge in e-commerce and mobile banking, the real-time payments market is poised for continued growth. It is transforming the way people and businesses in India transact, creating a cashless, efficient, and inclusive financial ecosystem.

Challenges of the Market

The real-time payments market in India faces challenges related to the need for robust and secure payment infrastructure. Ensuring the reliability and security of real-time payment systems is crucial to prevent fraud and financial losses. Data privacy and security concerns are paramount when handling financial transactions and personal payment data. Compliance with financial regulations and payment industry standards is a critical consideration. Integration of real-time payment systems with existing banking and financial infrastructure can be complex and costly. The competitive landscape in the financial sector in India can lead to pricing pressure and margin constraints for real-time payment providers. Additionally, ensuring interoperability and accessibility of real-time payment systems across a diverse and populous country like India is a significant challenge.

COVID-19 Impact on the Market

The pandemic accelerated the adoption of real-time payments in India, driven by the need for contactless and digital transactions. Real-time payment systems became essential for businesses and consumers to quickly and securely transfer funds, leading to an expansion of the market.

Key Players in the Market

The India Real-Time Payments market is shaped by key players such as National Payments Corporation of India (NPCI), Paytm, and PhonePe. These companies offer real-time payment solutions and digital wallets, contributing to the transformation of the India payments landscape by providing secure and convenient payment options for consumers and businesses.

Key Highlights of the Report:

India Real-Time Payments Market Outlook
Market Size of India Real-Time Payments Market, 2024
Forecast of India Real-Time Payments Market, 2031
Historical Data and Forecast of India Real-Time Payments Revenues & Volume for the Period 2021-2031
India Real-Time Payments Market Trend Evolution
India Real-Time Payments Market Drivers and Challenges
India Real-Time Payments Price Trends
India Real-Time Payments Porter's Five Forces
India Real-Time Payments Industry Life Cycle
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Nature of Payment for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Person-to-Person (P2P) for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Person-to-Business (P2B) for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Business-to-Person (B2P) for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Component for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Solutions for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Services for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Deployment Mode for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By On-premises for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Cloud for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Enterprise Size for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Small and Medium-sized Enterprises (SMEs) for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Large Enterprises for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Vertical for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By BFSI for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By IT and Telecommunications for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Retail and e-commerce for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Government for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Energy and Utilities for the Period 2021-2031
Historical Data and Forecast of India Real-Time Payments Market Revenues & Volume By Others for the Period 2021-2031
India Real-Time Payments Import Export Trade Statistics
Market Opportunity Assessment By Nature of Payment
Market Opportunity Assessment By Component
Market Opportunity Assessment By Deployment Mode
Market Opportunity Assessment By Enterprise Size
Market Opportunity Assessment By Vertical
India Real-Time Payments Top Companies Market Share
India Real-Time Payments Competitive Benchmarking By Technical and Operational Parameters
India Real-Time Payments Company Profiles
India Real-Time Payments Key Strategic Recommendations

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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 Real-Time Payments Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Real-Time Payments Market Revenues & Volume, 2021 & 2031F

3.3 India Real-Time Payments Market - Industry Life Cycle

3.4 India Real-Time Payments Market - Porter's Five Forces

3.5 India Real-Time Payments Market Revenues & Volume Share, By Nature of Payment , 2021 & 2031F

3.6 India Real-Time Payments Market Revenues & Volume Share, By Component , 2021 & 2031F

3.7 India Real-Time Payments Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F

3.8 India Real-Time Payments Market Revenues & Volume Share, By Enterprise Size, 2021 & 2031F

3.9 India Real-Time Payments Market Revenues & Volume Share, By Vertical, 2021 & 2031F

4 India Real-Time Payments Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing adoption of digital payments in India

4.2.2 Government initiatives promoting cashless transactions

4.2.3 Growing smartphone penetration and internet usage in the country

4.3 Market Restraints

4.3.1 Security concerns related to real-time payments

4.3.2 Lack of awareness and trust among certain demographics

4.3.3 Infrastructure challenges in remote areas impacting real-time payment access

5 India Real-Time Payments Market Trends

6 India Real-Time Payments Market, By Types

6.1 India Real-Time Payments Market, By Nature of Payment

6.1.1 Overview and Analysis

6.1.2 India Real-Time Payments Market Revenues & Volume, By Nature of Payment , 2021-2031F

6.1.3 India Real-Time Payments Market Revenues & Volume, By Person-to-Person (P2P), 2021-2031F

6.1.4 India Real-Time Payments Market Revenues & Volume, By Person-to-Business (P2B), 2021-2031F

6.1.5 India Real-Time Payments Market Revenues & Volume, By Business-to-Person (B2P), 2021-2031F

6.1.6 India Real-Time Payments Market Revenues & Volume, By Others, 2021-2031F

6.2 India Real-Time Payments Market, By Component

6.2.1 Overview and Analysis

6.2.2 India Real-Time Payments Market Revenues & Volume, By Solutions, 2021-2031F

6.2.3 India Real-Time Payments Market Revenues & Volume, By Services, 2021-2031F

6.3 India Real-Time Payments Market, By Deployment Mode

6.3.1 Overview and Analysis

6.3.2 India Real-Time Payments Market Revenues & Volume, By On-premises, 2021-2031F

6.3.3 India Real-Time Payments Market Revenues & Volume, By Cloud, 2021-2031F

6.4 India Real-Time Payments Market, By Enterprise Size

6.4.1 Overview and Analysis

6.4.2 India Real-Time Payments Market Revenues & Volume, By Small and Medium-sized Enterprises (SMEs), 2021-2031F

6.4.3 India Real-Time Payments Market Revenues & Volume, By Large Enterprises, 2021-2031F

6.5 India Real-Time Payments Market, By Vertical

6.5.1 Overview and Analysis

6.5.2 India Real-Time Payments Market Revenues & Volume, By BFSI, 2021-2031F

6.5.3 India Real-Time Payments Market Revenues & Volume, By IT and Telecommunications, 2021-2031F

6.5.4 India Real-Time Payments Market Revenues & Volume, By Retail and e-commerce, 2021-2031F

6.5.5 India Real-Time Payments Market Revenues & Volume, By Government, 2021-2031F

6.5.6 India Real-Time Payments Market Revenues & Volume, By Energy and Utilities, 2021-2031F

6.5.7 India Real-Time Payments Market Revenues & Volume, By Others, 2021-2031F

7 India Real-Time Payments Market Import-Export Trade Statistics

7.1 India Real-Time Payments Market Export to Major Countries

7.2 India Real-Time Payments Market Imports from Major Countries

8 India Real-Time Payments Market Key Performance Indicators

8.1 Number of real-time payment transactions processed

8.2 Average transaction value for real-time payments

8.3 Growth rate of mobile wallet usage for real-time payments

9 India Real-Time Payments Market - Opportunity Assessment

9.1 India Real-Time Payments Market Opportunity Assessment, By Nature of Payment , 2021 & 2031F

9.2 India Real-Time Payments Market Opportunity Assessment, By Component , 2021 & 2031F

9.3 India Real-Time Payments Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F

9.4 India Real-Time Payments Market Opportunity Assessment, By Enterprise Size, 2021 & 2031F

9.5 India Real-Time Payments Market Opportunity Assessment, By Vertical, 2021 & 2031F

10 India Real-Time Payments Market - Competitive Landscape

10.1 India Real-Time Payments Market Revenue Share, By Companies, 2024

10.2 India Real-Time Payments Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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North America Real-Time Payments Market

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By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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