Territories - Asia

India’s alternative payments solution industry is rapidly growing, driven by widespread smartphone use, government initiatives, and a push for digital financial inclusion. Mobile payment platforms like Paytm, Google Pay, and PhonePe lead the market, offering seamless and secure transactions. The Unified Payments Interface (UPI) has revolutionized digital payments, enabling instant bank transfers via mobile devices and significantly boosting cashless transactions. eWallets and prepaid payment instruments are also gaining popularity, providing convenient options for a diverse range of consumers and businesses.