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The Question
How does the payment landscape look like in India? Which role will online / mobile payment solutions play in the future?
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Comments
Neel's response is correct. Luke's seems tinged with envy or failure..
The reality is that the Indian Government, be it RBI or MinFin, has got Indian interests first. Which means that RuPay shall be a 100% control in India reality soon, as is the almost 100% control on the ATM business. Through RBI's wholly owned subsidiary.
Why else would it be otherwise?
Posted by V Malik, 16/03/2011 1:27am (11 months ago)
Hope this question is still relevant for the original posting. In any case, the information might help out other folks having similar queries.
Actually, the market is not that fragmented in India.
Let's look @ the industry from the following perspectives of the value chain:
- Card Issuance & Acquiring
- Card Processing (both issuance and acquiring)
- ATM & POS transactions
- Other Electronic payment processing (including processing of electronic bank account-based payment instruments)
In credit card issuing, 5 banks control over 80% of the market.
Similarly, in debit card issuance space, a set of 5 banks (not necessarily the same set of banks) control over 60% of the market
- In card processing, the following entities Venture Infotek (now part of Atos Origin), First Data, TSyS control over 25% of the non-POS based transactions; while the Banks control the remaining 75%
- In number of installed ATMs, 5 Banks - SBI, ICICI, AXIS Bank, HDFC Bank and Punjab National Bank - account for nearly 58% of the installed ATMs
- Similarly, 5 Banks - ICICI Merchant Services,AXIS Bank, HDFC Bank, HSBC Bank, Citibank - account for 92% of the POS terminals
- ATM & POS transactions are handled mainly by 2 entities - FSS and Euronet (which manages the Cashnet Network)
- Bulk electronic payments (ECS Debit and ECS Credit): Banks 45.5%, third party processors such as Billdesk and Techprocess 54.5%
- NEFT and RTGS: Banks 100%
Hope this helps.
Regards,
Neel Majumdar
neel.majumdar@gmail.com
Posted by Neel Majumdar, 28/09/2010 6:09am (1 year ago)
Hope this question is still relevant for the original posting. In any case, the information might help out other folks having similar queries.
Actually, the market is not that fragmented in India.
Let's look @ the industry from the following perspectives of the value chain:
- Card Issuance & Acquiring
- Card Processing (both issuance and acquiring)
- ATM & POS transactions
- Other Electronic payment processing (including processing of electronic bank account-based payment instruments)
In credit card issuing, 5 banks control over 80% of the market.
Similarly, in debit card issuance space, a set of 5 banks (not necessarily the same set of banks) control over 60% of the market
- In card processing, the following entities Venture Infotek (now part of Atos Origin), First Data, TSyS control over 25% of the non-POS based transactions; while the Banks control the remaining 75%
- In number of installed ATMs, 5 Banks - SBI, ICICI, AXIS Bank, HDFC Bank and Punjab National Bank - account for nearly 58% of the installed ATMs
- Similarly, 5 Banks - ICICI Merchant Services,AXIS Bank, HDFC Bank, HSBC Bank, Citibank - account for 92% of the POS terminals
- ATM & POS transactions are handled mainly by 2 entities - FSS and Euronet (which manages the Cashnet Network)
- Bulk electronic payments (ECS Debit and ECS Credit): Banks 45.5%, third party processors such as Billdesk and Techprocess 54.5%
- NEFT and RTGS: Banks 100%
Hope this helps.
Regards,
Neel Majumdar
neel.majumdar@gmail.com
Posted by Neel Majumdar, 28/09/2010 6:08am (1 year ago)
Fragmented, slow to gain traction, and dependent on heretofore undocumented RBI decisions.
-Luke
Posted by Luke Hammock, 03/08/2010 7:31pm (2 years ago)
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