Electronic payment in India Report 2012

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Incredible India: Four Imperatives to Accelerate Electronic Payment Adoption in India.

Executive Summary

A leading analyst group predicts that “India will climb to be one of the world’s top five generators of non-cash payments by 2017.” In the emerging BRIC (Brazil, Russia, India, and China) markets, cash remains king; but in India, the tide is turning as consumers increasingly conduct electronic payment transactions with either plastic cards or, to a lesser degree, mobile phone-based applications.

This market trend is being driven by a population of more than 1.2 billion, 350-400 million of which are part of the burgeoning middle class. This key demographic, growing annually at five percent, is developing a voracious appetite for consumer goods that can be supported through access to basic banking services provided by domestic and foreign financial institutions.



Report on Electronic Payment Systems In India

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Electronic Payments India 2012 Report PDF

Pratima Singh

Pratima is a content writer at Moneymint. As a Finance enthusiast, she loves sharing tips and tricks to help others navigate the financial sphere.