PUBLISHER: yStats.com | PRODUCT CODE: 1498241
PUBLISHER: yStats.com | PRODUCT CODE: 1498241
India B2C E-Commerce Insights, Payment Trends, & Emerging Digital Technologies 2024: Reveals that by 2027, Real-Time Payment Transactions in India to Reach 235 Billion, Reports by yStats.com
Future Directions for India's B2C E-Commerce
India's B2C E-Commerce market, valued at tens of billions of euros in FY 2023, is projected to more than double by 2027. GMV is expected to exceed EUR 300 billion by 2030. Online shoppers increased to over 200 million in FY 2023.
Omnichannel and Payment Innovations
In 2022, nearly a quarter of shoppers used omnichannel strategies. The mobile wallet sector is forecasted to grow at a compound annual rate of just under a quarter from 2023 to 2027.
Digital Transactions and Future Technologies
Real-time payment transactions are expected to approach 250 billion by 2027, driven by the UPI system. The 'Buy Now, Pay Later' sector is expected to exceed 100 million users by 2027.
Emerging Digital Technologies
Digital health applications and telemedicine are gaining popularity, while digital gaming revenue is projected to surpass EUR 1 billion by 2026.