Find below the key stats for the Indian ecommerce market.
Here you can find the most popular online payment methods in India.
Would you like to know which Payment Service Providers can help you to accept payments online?
Start with our short list of Payment Service Providers in India.
Indian Rupee (INR)
7.5 billion USD (2015 est.)
1.326 billion (2020) (#2)
International credit and debit cards (MasterCard, Visa), Rupay (local debit card), Internet Banking Links, eWallets (PayU Wallet, MobiKwik, Citrus Pay) and Cash Cards (ITZZ card)
Internet and Mobile Association of India (IAMAI)
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Mobikwik is an Indian mobile wallet solution. Mobikwik can be used for online and in-app purchases, mobile top-ups and bill payments (utilities, insurance).
Netbanking is the term used to cover for all single interNET bank links available in the Indian market. Many Indian banks allow their clients to pay for goods and services online using their trusted bank environment. Upon checkout, the shopper is redirect to their bank, they confirm payment and the funds are transferred to the merchant's bank account.
Visa is one of world's best known online payment methods and largest credit card brand. Visa truly is a global payment brand with acceptance at point-of-sale and online in over 170 countries.
MasterCard is one of world's best known online payment methods and dominant credit card brands. MasterCard is truly a global payment brand, supporting 150 currencies with over 35 million acceptance locations (point-of-sale and online) in over 210 countries.
Diners Club International, founded as Diners Club, is a charge card company formed in 1950.
Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions.
Over 26.369 online businesses used our platform since we started ABOUT-PAYMENTS.com back in 2012. Due to the growing number of Payment Service Providers and gateways worldwide, it has become difficult for you as a merchant, business or developer to choose the right one to process your payments. ABOUT-PAYMENTS.com simplifies this selection process considerably and makes life easier.
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