Welcome Guest | Register / Login

Payments Snapshot in India - COVID-19 Impact Snapshot

Payments Snapshot in India - COVID-19 Impact Snapshot

Summary

The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy affecting millions of people globally. The contagious coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel coronavirus a pandemic on March 11, 2020.

Economic growth in India slowed down during the first quarter of 2020 and set to further decelerate if the disease is not controlled at the earliest possible opportunity. The decline will have an adverse impact on all sectors, including banking and payments.

While the government is easing restrictions in a calibrated manner, the surge in daily active case numbers is a worrisome factor with the country seeing a spike in new cases across several states, which remains a key challenge ahead. India now has the third-highest COVID-19 cases in the world behind the US and Brazil.

This report focuses on the impact of the coronavirus outbreak on both the economyand the cards and payments industry in India. Based on our proprietary datasets, the snapshotprovides a detailed comparison between pre-COVID-19 forecasts andrevised forecasts of total payment card, debit card, and credit and charge card transactions by value and volume. It also offers information on measures taken by the government to combat coronavirus.

Scope

- Coronavirus has had a profound effect on India's tourism industry. According to the Federation of Associations in Indian Tourism & Hospitality (FAITH), the tourism sector is set to lose INR5tn ($70.13bn) in revenue due to the pandemic.
- As consumers are switching from in-store to online purchases in order to avoid exposing themselves to disease vectors such as cash and point-of-sale (POS) terminals, there has been a rise in online purchases. Leading e-commerce retailers Flipkart, Amazon, Bigbasket, and Grofers have seen a 20-30% increase in orders each month since the outbreak of the virus.
- Additionally, when shopping in-store, consumers will shift from cash to digital payments, particularly mobile wallets, to avoid exposure to disease vectors such as cash and POS terminals. As a result, the use of mobile payments is expected to grow.

Reasons to Buy

- Make strategic decisions using top-level revised forecast data on the Indian payment industry.
- Understand the key market trends, challenges, and opportunities in the Indian cards and payments industry.
- Receive a comprehensive insight into payments market in India.
Single User License: Report will be emailed in PDF format and can be accessed by a specific user. This License type allows the report to be Printed.
Site License: Report will be emailed in PDF and  allows only employees within the same geographical location within the organization to access it. This License type allows the report to be Printed.
Global Site License: Report will be emailed in PDF format and allows all employees within the organization to access it.  This License type allows the report to be Printed.
Why http://www.marketreportsonline.com/
Payments Snapshot in India - COVID-19 Impact Snapshot
Published By :GlobalData
Price
How to Purchase
Purchase reports from our site in few easy clicks. Please follow the description given below to complete your purchase process.
Step 1:
Select the report title of your interest, and Click on Buy Now button next to the Price option.
Step 2:
You will arrive at the Purchase page, where you will be requested to Signup (New User) or Login (Registered User). Please note that in-keeping with the security check on the website, you must submit your full details to avoid any inconvenience arising from incorrectly entered data or counterfeit information.
Step 3:
After SignUp/Login, you will arrive at our Payment Page on Paypal. You will see your Order Summary as well as an option to Choose a way to pay. Select a Payment option from Pay with a Paypal account OR Pay with a Debit or Credit Card. MarketReportOnline accepts Visa, MasterCard, American Express and Discover through Paypal. Fill up the required details in the option of your choice.
Step 4:
Once you follow the required process in Step 3 as mentioned above, you have successfully completed the purchase process.
Step 5:
Once you have successfully completed the purchase process, you will receive a confirmation email. The report will then be emailed to you directly by the publisher, as per our agreement with the publisher. For Orders that are placed after working hours, the delivery of the reports will be made on the next business day. For orders that are placed during weekends, the delivery of the reports will be made on the next 'working' business day. Please note, if you select purchase by invoice, you will receive your report only once the payment has been received. If you have any queries about how to order, please Contact Us.
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy