Unified Payments Interface (UPI) Market In India 2024-2028
The unified payments interface (UPI) market in India is forecasted to grow by USD 699018 bn during 2023-2028, accelerating at a CAGR of 205.6% during the forecast period. The report on the unified payments interface (UPI) market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by instant and smooth money transfer process, rising number of online transactions, and rewards and cashback offered by vendors for making payments via UPI.
Technavio's unified payments interface (UPI) market in India is segmented as below:
- By Application
- Money transfers
- Bill payments
- Point of sale
- Others
- By Type
- P2P
- P2M
- By Geographical Landscape
- APAC
The report on the unified payments interface (UPI) market in India covers the following areas:
- Unified Payments Interface (UPI) Market in India sizing
- Unified Payments Interface (UPI) Market in India forecast
- Unified Payments Interface (UPI) Market in India industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
- 1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Company Market Positioning
- 2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
- Value Chain Analysis
- 3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ billion)
- Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Chart on India: Year-over-year growth 2023-2028 (%)
- Data Table on India: Year-over-year growth 2023-2028 (%)
- 4 Historic Market Size
- 4.1 Unified Payments Interface (UPI) Market in India 2018 - 2022
- Historic Market Size - Data Table on Unified Payments Interface (UPI) Market in India 2018 - 2022 ($ billion)
- 4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ billion)
- 4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)
- 5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
- 6 Market Segmentation by Application
- 6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 6.3 Money transfers - Market size and forecast 2023-2028
- Chart on Money transfers - Market size and forecast 2023-2028 ($ billion)
- Data Table on Money transfers - Market size and forecast 2023-2028 ($ billion)
- Chart on Money transfers - Year-over-year growth 2023-2028 (%)
- Data Table on Money transfers - Year-over-year growth 2023-2028 (%)
- 6.4 Bill payments - Market size and forecast 2023-2028
- Chart on Bill payments - Market size and forecast 2023-2028 ($ billion)
- Data Table on Bill payments - Market size and forecast 2023-2028 ($ billion)
- Chart on Bill payments - Year-over-year growth 2023-2028 (%)
- Data Table on Bill payments - Year-over-year growth 2023-2028 (%)
- 6.5 Point of sale - Market size and forecast 2023-2028
- Chart on Point of sale - Market size and forecast 2023-2028 ($ billion)
- Data Table on Point of sale - Market size and forecast 2023-2028 ($ billion)
- Chart on Point of sale - Year-over-year growth 2023-2028 (%)
- Data Table on Point of sale - Year-over-year growth 2023-2028 (%)
- 6.6 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 6.7 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)
- 7 Market Segmentation by Type
- 7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 7.3 P2P - Market size and forecast 2023-2028
- Chart on P2P - Market size and forecast 2023-2028 ($ billion)
- Data Table on P2P - Market size and forecast 2023-2028 ($ billion)
- Chart on P2P - Year-over-year growth 2023-2028 (%)
- Data Table on P2P - Year-over-year growth 2023-2028 (%)
- 7.4 P2M - Market size and forecast 2023-2028
- Chart on P2M - Market size and forecast 2023-2028 ($ billion)
- Data Table on P2M - Market size and forecast 2023-2028 ($ billion)
- Chart on P2M - Year-over-year growth 2023-2028 (%)
- Data Table on P2M - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
- 8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 9 Drivers, Challenges, and Opportunity/Restraints
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 9.4 Market opportunities/restraints
- 10 Competitive Landscape
- 10.1 Overview
- 10.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 10.3 Landscape disruption
- Overview on factors of disruption
- 10.4 Industry risks
- Impact of key risks on business
- 11 Competitive Analysis
- 11.1 Companies profiled
- Companies covered
- 11.2 Market positioning of companies
- Matrix on companies position and classification
- 11.3 Alphabet Inc.
- Alphabet Inc. - Overview
- Alphabet Inc. - Business segments
- Alphabet Inc. - Key offerings
- Alphabet Inc. - Segment focus
- 11.4 Amazon.com Inc.
- Amazon.com Inc. - Overview
- Amazon.com Inc. - Business segments
- Amazon.com Inc. - Key news
- Amazon.com Inc. - Key offerings
- Amazon.com Inc. - Segment focus
- 11.5 Bharti Airtel Ltd.
- Bharti Airtel Ltd. - Overview
- Bharti Airtel Ltd. - Business segments
- Bharti Airtel Ltd. - Key news
- Bharti Airtel Ltd. - Key offerings
- Bharti Airtel Ltd. - Segment focus
- 11.6 Central Bank of India
- Central Bank of India - Overview
- Central Bank of India - Business segments
- Central Bank of India - Key offerings
- Central Bank of India - Segment focus
- 11.7 Dreamplug Technologies Pvt. Ltd.
- Dreamplug Technologies Pvt. Ltd. - Overview
- Dreamplug Technologies Pvt. Ltd. - Product / Service
- Dreamplug Technologies Pvt. Ltd. - Key offerings
- 11.8 Meta Platforms Inc.
- Meta Platforms Inc. - Overview
- Meta Platforms Inc. - Business segments
- Meta Platforms Inc. - Key news
- Meta Platforms Inc. - Key offerings
- Meta Platforms Inc. - Segment focus
- 11.9 One97 Communications Ltd.
- One97 Communications Ltd. - Overview
- One97 Communications Ltd. - Product / Service
- One97 Communications Ltd. - Key offerings
- 11.10 Samsung Electronics Co. Ltd.
- Samsung Electronics Co. Ltd. - Overview
- Samsung Electronics Co. Ltd. - Business segments
- Samsung Electronics Co. Ltd. - Key news
- Samsung Electronics Co. Ltd. - Key offerings
- Samsung Electronics Co. Ltd. - Segment focus
- 11.11 Walmart Inc.
- Walmart Inc. - Overview
- Walmart Inc. - Business segments
- Walmart Inc. - Key news
- Walmart Inc. - Key offerings
- Walmart Inc. - Segment focus
- 11.12 Yes Bank Ltd.
- Yes Bank Ltd. - Overview
- Yes Bank Ltd. - Business segments
- Yes Bank Ltd. - Key offerings
- Yes Bank Ltd. - Segment focus
- 12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 12.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 12.4 Research methodology
- Research methodology
- 12.5 Data procurement
- Information sources
- 12.6 Data validation
- Data validation
- 12.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 12.8 Data synthesis
- Data synthesis
- 12.9 360 degree market analysis
- 360 degree market analysis
- 12.10 List of abbreviations
- List of abbreviations
- Exhibits:
- Exhibits1: Executive Summary - Chart on Market Overview
- Exhibits2: Executive Summary - Data Table on Market Overview
- Exhibits3: Executive Summary - Chart on Country Market Characteristics
- Exhibits4: Executive Summary - Chart on Market Segmentation by Application
- Exhibits5: Executive Summary - Chart on Market Segmentation by Type
- Exhibits6: Executive Summary - Chart on Company Market Positioning
- Exhibits7: Parent Market
- Exhibits8: Data Table on - Parent Market
- Exhibits9: Market characteristics analysis
- Exhibits10: Value Chain Analysis
- Exhibits11: Offerings of companies included in the market definition
- Exhibits12: Market segments
- Exhibits13: Chart on India - Market size and forecast 2023-2028 ($ billion)
- Exhibits14: Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Exhibits15: Chart on India: Year-over-year growth 2023-2028 (%)
- Exhibits16: Data Table on India: Year-over-year growth 2023-2028 (%)
- Exhibits17: Historic Market Size - Data Table on Unified Payments Interface (UPI) Market in India 2018 - 2022 ($ billion)
- Exhibits18: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
- Exhibits19: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
- Exhibits20: Five forces analysis - Comparison between 2023 and 2028
- Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028
- Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
- Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
- Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
- Exhibits26: Chart on Market condition - Five forces 2023 and 2028
- Exhibits27: Chart on Application - Market share 2023-2028 (%)
- Exhibits28: Data Table on Application - Market share 2023-2028 (%)
- Exhibits29: Chart on Comparison by Application
- Exhibits30: Data Table on Comparison by Application
- Exhibits31: Chart on Money transfers - Market size and forecast 2023-2028 ($ billion)
- Exhibits32: Data Table on Money transfers - Market size and forecast 2023-2028 ($ billion)
- Exhibits33: Chart on Money transfers - Year-over-year growth 2023-2028 (%)
- Exhibits34: Data Table on Money transfers - Year-over-year growth 2023-2028 (%)
- Exhibits35: Chart on Bill payments - Market size and forecast 2023-2028 ($ billion)
- Exhibits36: Data Table on Bill payments - Market size and forecast 2023-2028 ($ billion)
- Exhibits37: Chart on Bill payments - Year-over-year growth 2023-2028 (%)
- Exhibits38: Data Table on Bill payments - Year-over-year growth 2023-2028 (%)
- Exhibits39: Chart on Point of sale - Market size and forecast 2023-2028 ($ billion)
- Exhibits40: Data Table on Point of sale - Market size and forecast 2023-2028 ($ billion)
- Exhibits41: Chart on Point of sale - Year-over-year growth 2023-2028 (%)
- Exhibits42: Data Table on Point of sale - Year-over-year growth 2023-2028 (%)
- Exhibits43: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibits44: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibits45: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibits46: Data Table on Others - Year-over-year growth 2023-2028 (%)
- Exhibits47: Market opportunity by Application ($ billion)
- Exhibits48: Data Table on Market opportunity by Application ($ billion)
- Exhibits49: Chart on Type - Market share 2023-2028 (%)
- Exhibits50: Data Table on Type - Market share 2023-2028 (%)
- Exhibits51: Chart on Comparison by Type
- Exhibits52: Data Table on Comparison by Type
- Exhibits53: Chart on P2P - Market size and forecast 2023-2028 ($ billion)
- Exhibits54: Data Table on P2P - Market size and forecast 2023-2028 ($ billion)
- Exhibits55: Chart on P2P - Year-over-year growth 2023-2028 (%)
- Exhibits56: Data Table on P2P - Year-over-year growth 2023-2028 (%)
- Exhibits57: Chart on P2M - Market size and forecast 2023-2028 ($ billion)
- Exhibits58: Data Table on P2M - Market size and forecast 2023-2028 ($ billion)
- Exhibits59: Chart on P2M - Year-over-year growth 2023-2028 (%)
- Exhibits60: Data Table on P2M - Year-over-year growth 2023-2028 (%)
- Exhibits61: Market opportunity by Type ($ billion)
- Exhibits62: Data Table on Market opportunity by Type ($ billion)
- Exhibits63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Exhibits64: Impact of drivers and challenges in 2023 and 2028
- Exhibits65: Overview on criticality of inputs and factors of differentiation
- Exhibits66: Overview on factors of disruption
- Exhibits67: Impact of key risks on business
- Exhibits68: Companies covered
- Exhibits69: Matrix on companies position and classification
- Exhibits70: Alphabet Inc. - Overview
- Exhibits71: Alphabet Inc. - Business segments
- Exhibits72: Alphabet Inc. - Key offerings
- Exhibits73: Alphabet Inc. - Segment focus
- Exhibits74: Amazon.com Inc. - Overview
- Exhibits75: Amazon.com Inc. - Business segments
- Exhibits76: Amazon.com Inc. - Key news
- Exhibits77: Amazon.com Inc. - Key offerings
- Exhibits78: Amazon.com Inc. - Segment focus
- Exhibits79: Bharti Airtel Ltd. - Overview
- Exhibits80: Bharti Airtel Ltd. - Business segments
- Exhibits81: Bharti Airtel Ltd. - Key news
- Exhibits82: Bharti Airtel Ltd. - Key offerings
- Exhibits83: Bharti Airtel Ltd. - Segment focus
- Exhibits84: Central Bank of India - Overview
- Exhibits85: Central Bank of India - Business segments
- Exhibits86: Central Bank of India - Key offerings
- Exhibits87: Central Bank of India - Segment focus
- Exhibits88: Dreamplug Technologies Pvt. Ltd. - Overview
- Exhibits89: Dreamplug Technologies Pvt. Ltd. - Product / Service
- Exhibits90: Dreamplug Technologies Pvt. Ltd. - Key offerings
- Exhibits91: Meta Platforms Inc. - Overview
- Exhibits92: Meta Platforms Inc. - Business segments
- Exhibits93: Meta Platforms Inc. - Key news
- Exhibits94: Meta Platforms Inc. - Key offerings
- Exhibits95: Meta Platforms Inc. - Segment focus
- Exhibits96: One97 Communications Ltd. - Overview
- Exhibits97: One97 Communications Ltd. - Product / Service
- Exhibits98: One97 Communications Ltd. - Key offerings
- Exhibits99: Samsung Electronics Co. Ltd. - Overview
- Exhibits100: Samsung Electronics Co. Ltd. - Business segments
- Exhibits101: Samsung Electronics Co. Ltd. - Key news
- Exhibits102: Samsung Electronics Co. Ltd. - Key offerings
- Exhibits103: Samsung Electronics Co. Ltd. - Segment focus
- Exhibits104: Walmart Inc. - Overview
- Exhibits105: Walmart Inc. - Business segments
- Exhibits106: Walmart Inc. - Key news
- Exhibits107: Walmart Inc. - Key offerings
- Exhibits108: Walmart Inc. - Segment focus
- Exhibits109: Yes Bank Ltd. - Overview
- Exhibits110: Yes Bank Ltd. - Business segments
- Exhibits111: Yes Bank Ltd. - Key offerings
- Exhibits112: Yes Bank Ltd. - Segment focus
- Exhibits113: Inclusions checklist
- Exhibits114: Exclusions checklist
- Exhibits115: Currency conversion rates for US$
- Exhibits116: Research methodology
- Exhibits117: Information sources
- Exhibits118: Data validation
- Exhibits119: Validation techniques employed for market sizing
- Exhibits120: Data synthesis
- Exhibits121: 360 degree market analysis
- Exhibits122: List of abbreviations
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