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India Mobile Payment Service Providers Market Report 2020: Mobile Payment App Transactions Increase in India, Amidst the COVID-19 Pandemic

Dublin, Oct. 29, 2020 (GLOBE NEWSWIRE) — The “High Cell Cost Service Suppliers in India 2020 and their Response to the COVID-19 Disaster” report has been added to ResearchAndMarkets.com’s providing. Cell cost app transactions enhance in India, amidst the COVID-19 pandemic Earlier than the unfold of COVID-19, the pattern of constructing a transaction by way of cellular cost apps was already gaining momentum in India. After the coronavirus outbreak, this exercise additional accelerated as shoppers began switching to digital cost strategies. In response to the report, cellular cost apps resembling Amazon pay, Google pay and PhonePe in India noticed a big enhance within the variety of transactions made by way of their platforms throughout the COVID-19 disaster. Through the COVID-19 pandemic, high cellular cost service suppliers in India undertake new options to their platform Different fascinating details highlighted within the report embrace the assorted methods carried out by the highest cellular cost apps in India throughout the on-going well being disaster. The publication additionally tells of insurance coverage providers launched by these cost platforms, together with a COVID-19 medical health insurance bundle supplied by PhonePe. Moreover, the highest cellular cost service suppliers additionally launched extra contactless cost providers to assist their customers as they comply with social distancing guidelines throughout the pandemic.Report Protection * This report covers India’s cost market with a concentrate on the response of the highest cellular cost service suppliers to the COVID-19 outbreak. It contains info associated to cost strategies used, transaction volumes, cost tendencies and up to date COVID-19 associated information of the highest Cell PSPs in India. * The report focuses on the methods adopted by Indian Cell PSP’s throughout the COVID-19 pandemic. Info associated to each distant and in-store funds. * The information in our stories is usually printed from the earlier 12 months. The precise date of publication of the supply is acknowledged on every chart. The time interval which the info refers to differs by supply.Report Construction * The overview chapter opens the report, that includes a abstract of funds market in India. The most recent tendencies and developments are summarized on the textual content charts and knowledge highlights are supplied on quantitative charts. * The remainder of the report is split by the highest 4 cellular PSP’s introduced within the descending order of their market share of cost apps. Inside every chapter, there’s a firm profile, textual content charts with related information and quantitative charts. * Relying on knowledge availability, the next varieties of market info are included: worth and/or quantity of transactions, variety of customers, cost strategies used in-store and on-line, COVID-19’s affect on the the PSPs. * Not all of the talked about varieties of info are supplied for every of the lined Cost Service Suppliers on account of various knowledge availability.Key Matters Lined:1. Administration Summary2. Overview * COVID-19’s Influence on Cell Cost Companies, September 2020 * E-Commerce Funds Worth, in USD billion, 2019 & 2023f * Quantity of UPI Transactions of Retail On-line Funds, in billion, April 2020 – June 2020 * Share of Customers Who Plan to Enhance Their Utilization of Digital Funds Within the Subsequent 6-9 Months Due To COVID-19 Outbreak, in %, In comparison with International Common, April 2020 * Change in Utilization of Chosen Cost Strategies Amid the COVID-19 Outbreak, by Utilization within the Previous Month and within the Subsequent 6 Months, in % of Customers, April 2020 * Cell Pockets Apps Used, in % of Web Customers, July 2019 * Market Share of Cost Apps, in %, Might 2020 * Most popular On-line Cost Platform, in % of Customers, February 2020 * Share of World’s Digital Funds Market by 2023, in %, July 20203. Google Pay * Profile of Google Pay in India, September 2020 * COVID-19’s Influence on Google Pay’s exercise, September 2020 * UPI Transactions Facilitated by Google Pay, in thousands and thousands, April 2020 & Might 2020 * On-line Cost Platform Utilized by Indian Customers, in %, February 20204. PhonePE * Profile of PhonePe in India, September 2020 * COVID-19’s Influence on PhonePe’s exercise, September 2020 * Transactions Facilitated by PhonePe, in thousands and thousands, April 2020 & Might 2020 * On-line Cost Platform Utilized by Indian Customers, in %, February 20205. Amazon Pay * Profile of Amazon Pay in India, September 2020 * COVID-19’s Influence on Amazon Pay’s exercise, September 2020 * Transactions Facilitated by Amazon Pay, in thousands and thousands, March 2020 & Might 2020 * On-line Cost Platform Utilized by Indian Customers, in %, February 20206. Paytm * Profile of Paytm in India, September 2020 * COVID-19’s Influence on Paytm’s exercise, September 2020 * Paytm’s Market Share of Cost Apps, in %, Might 2020 * UPI Transactions Facilitated by Paytm, in thousands and thousands, March 2020, April 2020 & Might 2020Companies Talked about * Amazon Funds Inc * Freecharge Cost Applied sciences Pvt Ltd * Google Cost Corp * ICICI Financial institution Ltd * PayPal Inc * Paytm Cell Options Pvt Ltd * PhonePe Web Pvt Ltd * WhatsApp IncFor extra details about this report go to https://www.researchandmarkets.com/r/hsp3n6Research and Markets additionally gives Customized Analysis providers offering centered, complete and tailor-made analysis. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wooden, Senior Press Supervisor press@researchandmarkets.com For E.S.T Workplace Hours Name 1-917-300-0470 For U.S./CAN Toll Free Name 1-800-526-8630 For GMT Workplace Hours Name +353-1-416-8900



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