India Real Time Payment Market share, Size, Trends, Growth and Forecast
India Real Time Payment Market is projected to witness robust growth by 2024, owing to increasing online payments and digital transactions in the country. Growing consumer preference for digital payments that are fast, secure, and reliable as compared to other modes of payment are expected to drive the growth of the Real-Time Payment market in India during the forecast period. Moreover, if value and volume in terms of transactions are calculated, the market will be huge. Instead of lining up at a bank or nearby payment offices, customers can make payments from any place sitting anywhere in the world, 24/7/365, which is likely to have a positive effect on the growth of the market in the coming years. Additionally, the shift towards instant fund transfer and ease of reconciliation offered by banks for the digital transaction is further anticipated to propel the growth of Real-Time Payments in India. This is further backed by an increasing number of smartphones and demand for ...