The peer-to-merchant payments or P2M market in India was estimated to reach 84 trillion India rupees by financial year 2025. This was an increase from about 18 trillion in fiscal year 2019. Within this sector, Paytm and, PhonePe and Google Pay were key players during the measured time period. The country's digital payments industry as a whole was projected to be valued at over seven quadrillion rupees by 2025.
Peer-to-Merchant market value across India in financial year 2015 and 2020, with estimates until 2025
(in trillion Indian rupees)
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HDFC Securities. (March 22, 2021). Peer-to-Merchant market value across India in financial year 2015 and 2020, with estimates until 2025 (in trillion Indian rupees) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1191221/india-value-of-p2m-payments-market/
HDFC Securities. "Peer-to-Merchant market value across India in financial year 2015 and 2020, with estimates until 2025 (in trillion Indian rupees)." Chart. March 22, 2021. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1191221/india-value-of-p2m-payments-market/
HDFC Securities. (2021). Peer-to-Merchant market value across India in financial year 2015 and 2020, with estimates until 2025 (in trillion Indian rupees). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1191221/india-value-of-p2m-payments-market/
HDFC Securities. "Peer-to-merchant Market Value across India in Financial Year 2015 and 2020, with Estimates until 2025 (in Trillion Indian Rupees)." Statista, Statista Inc., 22 Mar 2021, https://www.statista.com/statistics/1191221/india-value-of-p2m-payments-market/
HDFC Securities, Peer-to-Merchant market value across India in financial year 2015 and 2020, with estimates until 2025 (in trillion Indian rupees) Statista, https://www.statista.com/statistics/1191221/india-value-of-p2m-payments-market/ (last visited December 22, 2024)
Peer-to-Merchant market value across India in financial year 2015 and 2020, with estimates until 2025 (in trillion Indian rupees) [Graph], HDFC Securities, March 22, 2021. [Online]. Available: https://www.statista.com/statistics/1191221/india-value-of-p2m-payments-market/
