The "Payment Gateway to 2025 by Type (Hosted Payment Gateway, Non-Hosted Payment Gateway, Direct Payment Gateway and Platform Based Payment Gateway); and Organization Size (Small & Medium Enterprise and Large Enterprise) - India Analysis and Forecast". The scope of study involves understanding on the factors responsible for this growth of payment gateways market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant payment gateways players in the market and their key developments.

Payment Gateway Market to 2025 - India Analysis and Forecast by type, and organization size, India Payment Gateway market is expected to grow US$ 1,708.1 Mn by 2025 from US$ 446.9 Mn in 2017. Over the years, digital payment industry in India has witnessed several initiatives both by the government and merchants, in order to promote the growth of digital payments in India. The e-commerce industry is well aware that payment gateway is the most crucial factor for their success in the business as it provides safe, reliable, secure and swift payment to their customers to make online payments.

Some of the remarkable partnership and collaboration in this industry are collaboration of IRCTC with Razorpay. The collaboration is aimed to facilitate customers with online payments on latter's website and mobile app via UPI. Also the company partnered with messaging app Telegram, as Razorpay is planning to roll out its payments with the help of Chatbots.

India comprises of approximately 15% of worlds populations, out of with 58% are the youth. Having such a massive ratio of the young population the payment methods in the country are transforming tremendously. The cash usage in India is declining continuously, in the year 2017, the cash usage marginally declined by 33% and is anticipated to further come down to 29% in the coming years. Whereas, the digital payment methods including card transactions have risen to 36% in 2017 from 34% in the previous year. Some of the key players of drain cleaning equipment market include Razorpay Software Pvt. Ltd., PayPal Payments Pvt. Ltd., PayUMoney, BillDesk, CCAvenue, Ingenico Group (EBS), Instamojo Technologies Pvt Ltd., One Mobikwik Systems Pvt. Ltd, TimesofMoney Ltd., CyberSource, HDFC Payment Gateways, Oxigen Services(India) Private Limited., MASTERCARD Gateways ( MIGS) among others.

The report segments the payment gateway India market as follows:

India Payment Gateway Market - By Type

Hosted Payment Gateway
Non-Hosted Payment Gateway
Direct Payment Gateway
Platform Based Payment Gateway

India Payment Gateway Market - By Organization Size

Small & Medium Enterprises
Large Enterprises