Number of users in the Digital Payments market for different segments India 2018-2028

Over the last two observations, the number of users is forecast to significantly increase in all segments. The trend observed from 2018 to 2028 remains consistent throughout the entire forecast period. There is a continuous increase in the indicator across all segments. Notably, the Digital Commerce segment achieves the highest value of 836.9 million users at 2028.

The Statista Market Insights cover a broad range of additional markets.

Number of users in the Digital Payments market for different segments India from 2018 to 2028 (in thousand individuals)

Characteristic	Digital Commerce	Mobile POS Payments	Digital Remittances
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Digital Payments market segement is led by consumer transactions and includes payments for products and services which are made over the Internet as well as mobile payments at point of sale (POS) via smartphone applications and cross-border money transfers made over the internet (digital remittances). Transaction value equals money transfers out of the selected region.

Structure:

The three markets in Digital Payments include Digital Commerce, Mobile PoS payments, and Digital Remittances.

Additional Information:

The market comprises transaction values, average transaction value per user, users and user penetration rates. Transaction values in the Digital Payments market segment refers to consumer transactions made via the Internet or mobile wallets.

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