November 28, 2019: The e-payment solutions market in India is anticipated to expand at a compound annual growth rate (CAGR) of ~51.17% between FY 2018 and FY 2023, and will reach a value of INR 15,344.1 Tn by FY 2023. The volume of payments is expected to reach 96.5 Tn transactions by FY 2023, up from its 2018 volume of 18.5 Tn. The growth of the Indian e-payment solutions market is owed to the introduction of digital payment portals by banks like Axis Bank Ltd., HDFC Bank Ltd., ICICI Bank Ltd., etc. Also, the integration of payment services in popular applications like WhatsApp and Apple Pay has led to an increase in digital payments across India.
During the FY 2016-FY 2018 period, the use of credit cards for online payments has reduced (54% to 43%), while the market share of prepaid payment instruments (PPI) has increased (11% to 13%). This implies that there has been a shift in the preference for payment methods, from cards to digital platforms, thus leading to the higher penetration of e-payment solutions in India.
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Key growth drivers of the market:
• After the demonetization of INR 500 and INR 1,000 notes in 2016, India's fintech (financial technology) landscape witnessed significant adoption among users from across various business segments. This, in turn, led to the growth of the e-payment solutions industry, resulting in an annual return on investment of ~29% in India, which is higher than the average returns in the global and Asian markets.
• E-commerce retailers like Amazon, Flipkart, and Paytm Mall offer cashbacks and discounts on online payment for products. This encourages customers to use digital payment services more often during online shopping. As a result, the transaction value and volume of the e-payment solutions market in India is increasing.
Key deterrents to the growth of the market:
The underdeveloped infrastructure of Indian fintech companies, such as ineffective payment systems, limited Internet coverage, and lack of proper regulatory mechanisms for payment obligations, are slowing down the penetration of digital payments in the country. Also, the penetration of digital payment solutions is limited to urban and semi-urban clusters, and cash is still the preferred mode of payment beyond those areas.
Download Full Research Report @ https://www.radiantinsights.com/research/e-payment-solutions-market-in-india-2018-2023
Market trends:
• The deployment of QR code technology for payments at merchant outlets, acts as a substitute for NFC (near-field communication) devices or EDC (electronic data capture) machines, thus eliminating the cost barrier in the merchant acquisition process.
• UPI is a revolutionary platform for easy interoperability of payments, which is structured keeping the prevailing challenges in mind, in order to generate larger volumes of payments in the future. Several third-party service providers have provided easy access to new customers to the UPI platform through their smartphone applications.
Companies covered:
• Airtel Payments Bank Limited
• Axis Bank Limited
• HDFC Bank Limited
• ICICI Bank Limited
• Mswipe Technologies Private Limited
• National Payments Corporation of India
• One Mobikwik Systems Private Limited
• One97 Communications Limited
• PayPal Payments Private Limit
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Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
E-payment Solutions Market in India Key Market And Key Players till 2023
TECHTRA DIGITAL, an amazing client-serving business with roots in marketing and design, is the best digital marketing company and Website Designing Company in South Delhi for you.
They aid in the development of your brand and the expansion of your business opportunities.
First and foremost, as a platform, Techtra ensures that your business reaches its full potential and attracts more customers.
They offer complete end-to-end solutions to your problems.
And deliver excellent results for all marketing campaigns that result in the development of a brand.
Above all, their team consists of qualified and certified professionals.
IHSG & Bursa - Composite Stock Price index (CSPI) in early trading this week, Monday (14/10), opened advanced 0.38% in the level of 6129,23.
Had drove up to the highest level 6.153, JCI until 10.20 PM was in a position 6.133.
As for the up to that time, the volume of trade as much as 6,311 billion shares, with the transaction value worth Rp 2.56 trillion, and the frequency of 246.272 times.
There are 200 stocks are in the green zone, 134 shares fell, and 50 shares were little changed.
Director of PT Anugerah Mega Investama, Hans Kwee said, throughout the week ahead, the market movement will still be colored by news of a trade war.
As is known, negotiations of trade between the U.S. and China, which took place on Thursday to Friday (11/10) and then, ends with the formulation of a trade agreement which will be launched in several stages.
If you are a online business owner and your business comes in high risk and you want to charge credit card payments.
Then high risk merchant account comes in play.So what is a high-risk merchant account?
How do you get high risk merchant account instant approval?Banks require high risk payment processing account to collect payments.If your businesses has charge backs and refunds history.
This is high risk merchant amount that will reduce the chances of frauds.What Is Required For High Risk Merchant Account Instant Approval?Corporation Registration CertificatePartners CertificateOrganization ChartPassport CopyLast month Track RecordTransaction HistoryWebsite Who Need High Risk Merchant Account?TravelGamingGamblingFinanceAdult ContentForexMoney Transfer
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We deploy the perfect technology to meet your requirements and budget – ranging from WordPress, OpenCart or bespoke all covered in our Web Design PackageUI & UX Design– User Interface & User Experience are important to us when putting together your design.
Our speciality includes thinking usability as well as function.
We make businesses stand out from the crowd.eCommerce Solutions– For eCommerce business we deploy a complete solution to enable your sell and receive payment via your business website.
We also help integrated the shop with WhatsApp feature.Digital Marketing– Our dedicated team of professionals work closely with your team to put in place best workable plan for your overall campaign and promotions.Our Web Design Package / Services covers Lagos, Abuja, port harcourt, kano and all of Africa, the United states, Europe and Asia: DPX Digital provides Professional Web Design Services for all form of businesses, be it; Corporate or business Websites Design Service , E-commerce Websites Design Service.
ISA fee means International Service Assessment fee, which is an international processing fee charged by visa to its merchant when a customer uses his/her debit or credit card given by the bank outside of the United States.
Read more about What is isa fee-
Adam Winston James is a Financial Expert in Tulsa, United States.
He will help you manage your company’s financial assets and run all the financial transactions.
He will give you advice for investments and savings as well as property.
Visit our site for more info.
As the name indicates, it means Peer Peer payment apps that help people perform money transactions that bring more users and make sending and receiving cash effortless because it allows for quick, secure, and easy exchange.
In the P2P payment app, no credit card, no wallet is required to access.
The process is to link the app to your card.The app is available on highly used digital platforms like Android and iOS.
A credit card payment gateway allows merchants to accept credit card payments by transferring credit card information between the bank that issued the card and business bank account, by which merchant account provider and payment processor connect.
Online grocery ecommerce scriptE-commerce Script is one among the top most organizations handling varied ecommerce solutions.
We have got 15+ years of experience in handling E-commerce and have devised several software's such as Groupon clone, Auction script, value comparison script, Digital transfer script, Penny auction script and several other scripts through digital platform .
This php readymade GROCERY shop script is one of the most effective scripts you can find across digital platforms .It is very useful for businesses and entrepreneurs to utilize this script to a maximum extent in order to produce a profitable business .
This business can be done easily from user comfort and the code is provided bug free upon purchase of the software .Benefits of selecting our script :1) This grocery store software will help you in increasing revenue and make your business profitable .2) You'll be able to purchase the product at a reasonable value.3)The scripts are provided you within an instant upon purchasing4)Better customization with code flexibility.5)Advanced ecommerce choices and tools for your online grocery store software.
Some of the best options :User managementIn this Grocery looking out Store Development Script the grocery owners, sellers or the patrons can track and manage their product with the easy navigation and user management.With full source codeThe script is made with the versatile open source code PHP to change the customization according to the user wants.MULTI-VENDOR grocery storeThis script is very suitable for multi vendors and several business people who are looking to provide grocery from a wide range of vendors .Unlimited product listingsWe have made sure that unlimited varieties of product listings are available .
Several categories and sub-categories for the vendors or admin to post their products .SEO-FRIENDLY scriptThe site is analyzed with our SEO specialists to optimize the positioning with search results by following the SEO-friendly procedures and page ranking improvement methods.Best UI designThe script is has an extremely responsive user interfaces, with distinctive templates, and widgets that's compatible across all devices.PAYMENT GATEWAYSThe users can order their product by making the secure on-line payments entry that's engaged among the script.
A study conducted by Statista recently has shown that 22 percent of digital transactions were carried out through mobile devices in the USA.
Google’s report corroborates this increase in this phenomenon that is generally known as “mobility”.
It is easy to see, therefore; just how influential the role of mobile app development platforms has been in promoting mobility from the facts and figures given here.
Custom mobile app development can be used to create both customer-facing apps for which the demand is high in the market, as well as B2B applications and for the development of SaaS solutions for internal purposes of the business.
Custom mobile app development utilizes the rapid app development processes using a Low Code platform to build a mobile application develoment that is customized to fit specific business needs.
The Benefits of Custom Mobile Application Development
Looking forward to grow your business profit?
To enhance the profit, your business needs a high risk merchant account, which can offer a higher chargeback rate.
Here is all about how you can grow your business with the merchant account for your financial needs.
As digital era and every business is now opting for selling and buying their products by using hi-technology and digital platforms.
A mutual fund software is the correct choice for investors as it makes the entire process of investments very easy for its users with uses of high technology.
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The report United States Telehealth Market, By Product (Integrated, and Standalone), By Type (Software, Hardware, and Services), By Mode (On-premise, Cloud-based, and Web-based), and By End User (Patients, Payers, and Healthcare Providers) - Trends, Analysis and Forecast till 2030”.Key Highlights:In 21 February 2020, Philips and Intercept TeleMed spur new breed of tele-ICU for small HospitalsIn July 2019, Telehealth Technology to Reduce Hospital Readmissions and Improve Outcomes for Cardiac Disease PatientsAnalyst View:Information and communication technology holds the capability to address the challenges in providing high quality, accessible, and affordable healthcare services in developed and developing countries.
Telehealth is emerging as a modern method to cater to the health needs of the patient population.
Moreover, it has been a very good candidate among the people who are an old and those who are on bed as it would not be easy for patient and their colleges to maintain that consistency for a long period of time.
Government initiatives in increasing funding towards healthcare sector being a major survivor to address the challenge that also paves new opportunities for other developing countries to adopt high technical machine.
With an advance in technology, internet, and telephones, telemedicine is now quickly accessible to the general population.
In extension, it has taken the burden off the current healthcare setups.Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “United States Telehealth Market, By Product (Integrated, and Standalone), By Type (Software, Hardware, and Services), By Mode (On-premise, Cloud-based, and Web-based), and By End User (Patients, Payers, and Healthcare Providers) - Trends, Analysis and Forecast till 2030”.Key Market Insights from the report: The United States Telehealth market accounted for US$ 6.61 billion in 2020 and is projected to register a moderate CAGR of 26.53% over the forecast period.
TECHTRA DIGITAL, an amazing client-serving business with roots in marketing and design, is the best digital marketing company and Website Designing Company in South Delhi for you.
They aid in the development of your brand and the expansion of your business opportunities.
First and foremost, as a platform, Techtra ensures that your business reaches its full potential and attracts more customers.
They offer complete end-to-end solutions to your problems.
And deliver excellent results for all marketing campaigns that result in the development of a brand.
Above all, their team consists of qualified and certified professionals.
A credit card payment gateway allows merchants to accept credit card payments by transferring credit card information between the bank that issued the card and business bank account, by which merchant account provider and payment processor connect.
IHSG & Bursa - Composite Stock Price index (CSPI) in early trading this week, Monday (14/10), opened advanced 0.38% in the level of 6129,23.
Had drove up to the highest level 6.153, JCI until 10.20 PM was in a position 6.133.
As for the up to that time, the volume of trade as much as 6,311 billion shares, with the transaction value worth Rp 2.56 trillion, and the frequency of 246.272 times.
There are 200 stocks are in the green zone, 134 shares fell, and 50 shares were little changed.
Director of PT Anugerah Mega Investama, Hans Kwee said, throughout the week ahead, the market movement will still be colored by news of a trade war.
As is known, negotiations of trade between the U.S. and China, which took place on Thursday to Friday (11/10) and then, ends with the formulation of a trade agreement which will be launched in several stages.
Online grocery ecommerce scriptE-commerce Script is one among the top most organizations handling varied ecommerce solutions.
We have got 15+ years of experience in handling E-commerce and have devised several software's such as Groupon clone, Auction script, value comparison script, Digital transfer script, Penny auction script and several other scripts through digital platform .
This php readymade GROCERY shop script is one of the most effective scripts you can find across digital platforms .It is very useful for businesses and entrepreneurs to utilize this script to a maximum extent in order to produce a profitable business .
This business can be done easily from user comfort and the code is provided bug free upon purchase of the software .Benefits of selecting our script :1) This grocery store software will help you in increasing revenue and make your business profitable .2) You'll be able to purchase the product at a reasonable value.3)The scripts are provided you within an instant upon purchasing4)Better customization with code flexibility.5)Advanced ecommerce choices and tools for your online grocery store software.
Some of the best options :User managementIn this Grocery looking out Store Development Script the grocery owners, sellers or the patrons can track and manage their product with the easy navigation and user management.With full source codeThe script is made with the versatile open source code PHP to change the customization according to the user wants.MULTI-VENDOR grocery storeThis script is very suitable for multi vendors and several business people who are looking to provide grocery from a wide range of vendors .Unlimited product listingsWe have made sure that unlimited varieties of product listings are available .
Several categories and sub-categories for the vendors or admin to post their products .SEO-FRIENDLY scriptThe site is analyzed with our SEO specialists to optimize the positioning with search results by following the SEO-friendly procedures and page ranking improvement methods.Best UI designThe script is has an extremely responsive user interfaces, with distinctive templates, and widgets that's compatible across all devices.PAYMENT GATEWAYSThe users can order their product by making the secure on-line payments entry that's engaged among the script.
If you are a online business owner and your business comes in high risk and you want to charge credit card payments.
Then high risk merchant account comes in play.So what is a high-risk merchant account?
How do you get high risk merchant account instant approval?Banks require high risk payment processing account to collect payments.If your businesses has charge backs and refunds history.
This is high risk merchant amount that will reduce the chances of frauds.What Is Required For High Risk Merchant Account Instant Approval?Corporation Registration CertificatePartners CertificateOrganization ChartPassport CopyLast month Track RecordTransaction HistoryWebsite Who Need High Risk Merchant Account?TravelGamingGamblingFinanceAdult ContentForexMoney Transfer
A study conducted by Statista recently has shown that 22 percent of digital transactions were carried out through mobile devices in the USA.
Google’s report corroborates this increase in this phenomenon that is generally known as “mobility”.
It is easy to see, therefore; just how influential the role of mobile app development platforms has been in promoting mobility from the facts and figures given here.
Custom mobile app development can be used to create both customer-facing apps for which the demand is high in the market, as well as B2B applications and for the development of SaaS solutions for internal purposes of the business.
Custom mobile app development utilizes the rapid app development processes using a Low Code platform to build a mobile application develoment that is customized to fit specific business needs.
The Benefits of Custom Mobile Application Development
With too many multi-brand outlets to choose from, finding the right mattress in Bangalore can be difficult.
However, with the advent of e-commerce platforms, buying mattresses online has become more convenient and time-saving.
What do you get with ourMonthly website design package?Website Design Package.com, .com.ng Domain NameMobile-friendly and Responsive DesignsModern Web Design with Unlimited PagesCMS – Content Management SystemSearch Engine FriendlyWebsite MaintenanceOfficial Email AccountsSite SecurityComplete Website Design PackageiRESPECTIVE of your business nature, You need a Web Service Company you can Rely on.Premium, Classic & AffordableWe build all forms of websites| Website Design Package Covers:Professional, Modern and Dynamic Business WebsitesLead Generation & High Converting Landing PagesOptimized for best PerformanceWhatsApp and catchy CTA ButtonsInclusive Benefits of our website design packageStunning Bespoke Web Design Package – Get a unique site built to perfectly suit you and your business.Responsive Website Design – Our websites are 100% responsive which means they work and look excellent on all devices; smartphones, tablets & desktop computers.SEO friendly – Websites Designed by us are SEO friendly, We implement with the latest SEO techniques, helping your company sustain its visibility in search results.Web Development– We have what it takes to build your perfect website.
We deploy the perfect technology to meet your requirements and budget – ranging from WordPress, OpenCart or bespoke all covered in our Web Design PackageUI & UX Design– User Interface & User Experience are important to us when putting together your design.
Our speciality includes thinking usability as well as function.
We make businesses stand out from the crowd.eCommerce Solutions– For eCommerce business we deploy a complete solution to enable your sell and receive payment via your business website.
We also help integrated the shop with WhatsApp feature.Digital Marketing– Our dedicated team of professionals work closely with your team to put in place best workable plan for your overall campaign and promotions.Our Web Design Package / Services covers Lagos, Abuja, port harcourt, kano and all of Africa, the United states, Europe and Asia: DPX Digital provides Professional Web Design Services for all form of businesses, be it; Corporate or business Websites Design Service , E-commerce Websites Design Service.
Looking forward to grow your business profit?
To enhance the profit, your business needs a high risk merchant account, which can offer a higher chargeback rate.
Here is all about how you can grow your business with the merchant account for your financial needs.
ISA fee means International Service Assessment fee, which is an international processing fee charged by visa to its merchant when a customer uses his/her debit or credit card given by the bank outside of the United States.
Read more about What is isa fee-
As digital era and every business is now opting for selling and buying their products by using hi-technology and digital platforms.
A mutual fund software is the correct choice for investors as it makes the entire process of investments very easy for its users with uses of high technology.
For more information visit @- https://www.redvisiontech.com/
Adam Winston James is a Financial Expert in Tulsa, United States.
He will help you manage your company’s financial assets and run all the financial transactions.
He will give you advice for investments and savings as well as property.
Visit our site for more info.
The report United States Telehealth Market, By Product (Integrated, and Standalone), By Type (Software, Hardware, and Services), By Mode (On-premise, Cloud-based, and Web-based), and By End User (Patients, Payers, and Healthcare Providers) - Trends, Analysis and Forecast till 2030”.Key Highlights:In 21 February 2020, Philips and Intercept TeleMed spur new breed of tele-ICU for small HospitalsIn July 2019, Telehealth Technology to Reduce Hospital Readmissions and Improve Outcomes for Cardiac Disease PatientsAnalyst View:Information and communication technology holds the capability to address the challenges in providing high quality, accessible, and affordable healthcare services in developed and developing countries.
Telehealth is emerging as a modern method to cater to the health needs of the patient population.
Moreover, it has been a very good candidate among the people who are an old and those who are on bed as it would not be easy for patient and their colleges to maintain that consistency for a long period of time.
Government initiatives in increasing funding towards healthcare sector being a major survivor to address the challenge that also paves new opportunities for other developing countries to adopt high technical machine.
With an advance in technology, internet, and telephones, telemedicine is now quickly accessible to the general population.
In extension, it has taken the burden off the current healthcare setups.Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “United States Telehealth Market, By Product (Integrated, and Standalone), By Type (Software, Hardware, and Services), By Mode (On-premise, Cloud-based, and Web-based), and By End User (Patients, Payers, and Healthcare Providers) - Trends, Analysis and Forecast till 2030”.Key Market Insights from the report: The United States Telehealth market accounted for US$ 6.61 billion in 2020 and is projected to register a moderate CAGR of 26.53% over the forecast period.
As the name indicates, it means Peer Peer payment apps that help people perform money transactions that bring more users and make sending and receiving cash effortless because it allows for quick, secure, and easy exchange.
In the P2P payment app, no credit card, no wallet is required to access.
The process is to link the app to your card.The app is available on highly used digital platforms like Android and iOS.