India Payment Security Market Outlook 2024 By Size, Share, Trends, Growth, End User | Industry Statistics
According to TechSci Research, India Payment Security Market is expected to post robust growth by 2024, owing to the growing initiatives by the government of India towards digital payment, in line with its aim of developing a cashless economy. Introduction of Unified Payments Interface (UPI), an instant real-time payment system developed by National Payments Corporation of India for facilitating inter-bank transactions by instantly transferring funds between two bank accounts on a mobile platform is expected to have a positive impact on the payment security market in India. Factors like increasing number of smartphones, rapid adoption of digital payment modes and high adoption rate of different technologies will propel the demand for Payment Security in India by 2024. The growing need to secure online business sensitive transactions from advanced cyber-attacks coupled with the growing incidences of data breaches will ensure widespread adoption of payment ...