India Mobile Payment Market Size & Outlook, 2025-2030

The mobile payment market in India is expected to reach a projected revenue of US$ 64,817.1 million by 2030. A compound annual growth rate of 40.6% is expected of India mobile payment market from 2025 to 2030.
Revenue, 2024 (US$M)
$8,709.1
Forecast, 2030 (US$M)
$64,817.1
CAGR, 2025 - 2030
40.6%
Report Coverage
India

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India mobile payment market, 2018-2030 (US$M)

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India mobile payment market highlights

  • The India mobile payment market generated a revenue of USD 8,709.1 million in 2024 and is expected to reach USD 64,817.1 million by 2030.
  • The India market is expected to grow at a CAGR of 40.6% from 2025 to 2030.
  • In terms of segment, mobile web payment was the largest revenue generating technology in 2024.
  • Near Field Communication is the most lucrative technology segment registering the fastest growth during the forecast period.


Mobile payment market data book summary

Market revenue in 2024USD 8,709.1 million
Market revenue in 2030USD 64,817.1 million
Growth rate40.6% (CAGR from 2025 to 2030)
Largest segmentMobile web payment
Fastest growing segmentNear Field Communication
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationMobile Web Payment, Interactive Voice Response System, Mobile App, Near Field Communication, Direct Mobile Billing, SMS
Key market players worldwideAlphabet Inc Class A, Alibaba Group Holding Ltd ADR, Amazon.com Inc, Apple Inc, American Express Co, PayPal Holdings Inc, Samsung Electronics Co Ltd, Visa Inc Class A, Tencent Holdings Ltd ADR


Other key industry trends

  • In terms of revenue, India accounted for 9.8% of the global mobile payment market in 2024.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China mobile payment market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 64,817.1 million by 2030.

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Mobile Payment Market Companies

Name Profile # Employees HQ Website
Visa Inc Class A View profile 28800 P.O. Box 8999, San Francisco, CA, United States, 94128-8999 https://www.usa.visa.com
American Express Co View profile 74600 200 Vesey Street, New York, NY, United States, 10285 https://www.americanexpress.com
PayPal Holdings Inc View profile 27200 2211 North First Street, San Jose, CA, United States, 95131 https://www.paypal.com
Alibaba Group Holding Ltd ADR View profile 204891 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, Hong Kong, https://www.alibabagroup.com
Samsung Electronics Co Ltd View profile 124804 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 https://www.samsung.com
Alphabet Inc Class A View profile 180895 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 https://www.abc.xyz
Tencent Holdings Ltd ADR View profile 104787 No. 33 Haitian 2nd Road, Tencent Binhai Towers, Nanshan District, Shenzhen, China, People's Republic of, 518054 http://www.tencent.com
Apple Inc View profile 161000 One Apple Park Way, Cupertino, CA, United States, 95014 https://www.apple.com
Amazon.com Inc View profile 1525000 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 https://www.amazon.com

India mobile payment market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mobile payment market will help companies and investors design strategic landscapes.


Mobile web payment was the largest segment with a revenue share of 32.2% in 2024. Horizon Databook has segmented the India mobile payment market based on mobile web payment, interactive voice response system, mobile app, near field communication, direct mobile billing, sms covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of India mobile payment market databook

  • Our clientele includes a mix of mobile payment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India mobile payment market , including forecasts for subscribers. This country databook contains high-level insights into India mobile payment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India mobile payment market size, by technology, 2018-2030 (US$M)

India Mobile Payment Market Outlook Share, 2024 & 2030 (US$M)

India mobile payment market size, by technology, 2018-2030 (US$M)

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