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The unified payments interface (UPI) market in India is forecasted to grow by USD 699.01 trillion during 2023-2028, accelerating at a CAGR of 205.6% during the forecast period. The report on the unified payments interface (UPI) market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by instant and smooth money transfer process, rising number of online transactions, and rewards and cashback offered by vendors for making payments via UPI.
The unified payments interface (UPI) market in India is segmented as below:
By Application
- Money transfers
- Bill payments
- Point of sale
- Others
By Type
- P2P
- P2M
By Geographical Landscape
- APAC
The report on the unified payments interface (UPI) market in India covers the following areas:
- Unified Payments Interface (UPI) Market in India sizing
- Unified Payments Interface (UPI) Market in India forecast
- Unified Payments Interface (UPI) Market in India industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the unified payments interface (UPI) market in India: Alphabet Inc., Amazon.com Inc., Apple Inc., Axis Bank Ltd., Bank of Baroda, Bharti Airtel Ltd., Central Bank of India, Dreamplug Technologies Pvt. Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd., Meta Platforms Inc., One MobiKwik System Pvt. Ltd., One97 Communications Ltd., Reliance Industries Ltd., Samsung Electronics Co. Ltd., South Indian Bank Ltd., State Bank of India, Union Bank of India, Walmart Inc., and Yes Bank Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing emergence of mobile apps for shopping transactions."
According to the report, one of the major drivers for this market is the instant and smooth money transfer process.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alphabet Inc.
- Amazon.com Inc.
- Apple Inc.
- Axis Bank Ltd.
- Bank of Baroda
- Bharti Airtel Ltd.
- Central Bank of India
- Dreamplug Technologies Pvt. Ltd.
- HDFC Bank Ltd.
- ICICI Bank Ltd.
- Kotak Mahindra Bank Ltd.
- Meta Platforms Inc.
- One MobiKwik System Pvt. Ltd.
- One97 Communications Ltd.
- Reliance Industries Ltd.
- Samsung Electronics Co. Ltd.
- South Indian Bank Ltd.
- State Bank of India
- Union Bank of India
- Walmart Inc.
- Yes Bank Ltd.
