India

India: The world's most populated country is also growing in business opportunities

After a digital boom in India, we are seeing exponential growth in eCommerce.

Market Overview

With exponential growth, the eCommerce market in India is forecasted to reach US$350 billion by 2030*. * Source: Statista, 2023

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Gain insight into India's most relevant payment methods

  1. 36% UPI
  2. 27% Credit Card
  3. 15% Debit cards
  4. 8% Bank Transfer
  5. 7% Buy now pay later (BNPL)
  6. 5% eWallets
  7. 2% Others

Most commonly used options

  • NET Banking

    NET Banking

    Bank Transfers
  • Paytm

    Paytm

    Wallets
  • UPI

    UPI

    Unified payment Interface (UPI)
  • PhonePe

    PhonePe

    Wallets
  • MobiKwik

    MobiKwik

    Wallets
  • OLA Money

    OLA Money

    Wallets
  • Airtel

    Airtel

    Wallets
  • Jio

    Jio

    Wallets
  • Freecharge

    Freecharge

    Wallets
  • Credit and debit cards

    Play like a local by offering traditional payment methods.

    • Visa
    • Mastercard
    • RuPay
    • Maestro
    • American Express
    • Diners
  • Bank Transfers

    Learn more

    Count on a wide variety of options to drive conversion.

    • Net Banking
  • Unified payment service (UPI)

    Learn more

    • UPI

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Download the Country Payment Handbook guide for your business to flourish in India

See more about the fastest-growing payment methods in India: UPI

Download the Country Payment Handbook guide for your business to flourish in India
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