标普全球（S&P Global）：2020年印度移动支付市场报告（英文版）（19页）.pdf

1、 Executive summary Indias push toward cashless payments accelerated in 2019. Mobile payments that bypass card rails rose 163% to $286 billion in 2019. Point-of-sale transactions completed using debit and credit cards, including online and in-app transactions, grew 24% to $204 billion. S The National

2、 Statistical Office; National Payments Corp. of India 2020. S National Payments Corp. of India 2020. S Reserve Bank of India 2020. S Reserve Bank of India; National Payments Corp. of India 2020. S central banks; real-time payment system operators; proprietary estimates 2020. S National Payments Corp

3、. of India; proprietary estimates. 2020. S The Economic Times; Business Standard 2020. S order food; and book hotel rooms and bus and airline tickets. Customers can access instant credit, buy insurance policies and invest in gold and mutual funds through the apps. Paytm, PhonePe and Amazon Pay offer

4、 a variety of payment methods, including cards and stored-value wallets. Google Pay plans to introduce a tokenized cards feature to support debit and credit card payments in India. 10 2020 India Mobile Payments Market Report Paytm differs from the rest in how it delivers financial services. It has t

5、aken a more hands-on approach by pursuing regulatory licenses available for a nonbank, whereas others have courted partnerships with financial institutions. Although it is conceding the lead in payments, Paytm is steadily building a bank-like platform. Thanks to its limited- purpose banking license,

6、 the company has a direct connection to the UPI rails, accepts deposits from the public and issues debit cards. It has brokerage licenses to distribute mutual funds and insurance policies. While the company plans to turn into a small finance bank to make lending, according to The Times of India, it