India Domestic Remittance, M-Wallet and Bill Payment Market Outlook to 2018 - Driven by Government Support and Rising Banked Population

Feb, 2014   |   137  Pages   |   kenresearch   |   Format : PDF

EXECUTIVE SUMMARY

The report titled India Domestic Remittance, M-Wallet and Bill Payment Market Outlook to 2018 Driven by Government Support and Rising Banked Population provides a comprehensive analysis of the various aspects such as market size, segmentation, trends and developments, government regulations, and future projections of the domestic remittances, remittance through business correspondents, M-wallets and bill payments as key segments of the market. The report provides the market share of the major players in business correspondent and bill payment market and competitive landscape of the key players in all three major segments.

As per the NSSO (National Sample Survey Organization) survey on out-migrant population in India in FY2008, around 58% of the domestic migrants send money home with an average remittance size of INR 13,000 in a year. Moreover, it indicated that the proportion of households receiving remittances has consistently increased during FY1993 and FY2008, in both the rural and urban areas in the country, showcasing surge in the household remittance dependency. Rural households received around 80% of the domestic remittances in India in the year FY2008. The overall domestic remittance market in India has consistently grown at a CAGR of 10.3% during FY2008 to FY2013, where the principal amount remitted has increased from INR ~ million in FY2008 to INR ~ million in FY2013.

TABLE OF CONTENTS

1. India Domestic Remittances Market Introduction
1.1. Major Migration Corridors in India
2. India Domestic Remittances Market Value Chain
3. India Domestic Remittances Market Size, FY2008-FY2013
4. India Domestic Remittances Market Segmentation by Rural and Urban, FY2008, FY2013 and FY2018
5. India Domestic Remittances Market Segmentation by Inter-State and Intra-State, FY2008, FY2013 and FY2018
6. India Domestic Remittances Market Segmentation by Organized and Unorganized, FY2008-FY2013
7. India Organized Domestic Remittances Market Size and Introduction, FY2008-FY2013
8. India Organized Domestic Remittances Market Segmentation by Banks and India Post, FY2008-FY2013
8.1. India Domestic Remittances through Banks, Market Size and Introduction, FY2008-FY2018
8.2. India Domestic Remittances through Banks Market Value Chain
8.3. India Domestic Remittances through Banks, Market Segmentation by In-Branch and BCNMs, FY2008-FY2013
9. India BCNM Market Size and Introduction, FY2008-FY2013
10. India BCNM Market Value Chain
11. Trends and Developments in India BCNM Market
  RBI Permits For-Profit Entities to be Engaged as BC
  Interoperability At Point of Cutomer Interface for Business Correspondents
  Latest development in BC
  Investments in Business Correspondents
12. Government Regulations in India BCNM Market
13. Market Share of Major BCNMs in India BCNM (Remittance) Market, FY2013
14. Competitive Landscape of Major Players in India BCNM Market
15. India BCNM Market Future Outlook and Projections, FY2014-FY2018
16. India M-Wallet Market Size and Introduction, FY2013
17. India M-Wallet Market Value Chain
18. India M-Wallet Market Segmentation by Semi-Closed and Open Loop
19. India M-Wallet Market Segmentation by Consumer and Enterprise, FY2013-FY2018
19.1. Consumer M-Wallet Market Size and Segmentation, FY2013-FY2018
19.2. Enterprise M-Wallet Market Size and Segmentation, FY2013-FY2018
20. Government Regulations in India M-Wallet Market
21. Competitive Landscape of Major Players in India M-Wallet Market
22. India M-Wallets Market Future Outlook and Projections, FY2014-FY2018
23. India Bill Payment Market Size and Introduction, FY2008-FY2013
24. India Bill Payment Market Value Chain
25. India Bill Payment Market Segmentation by Type of Bills, FY2008-FY2013
26. India Bill Payment Market Segmentation by Payment Channel, FY2008 and FY2013
26.1. India Online Bill Payment Market Size and Introduction, FY2008-FY2013
26.2. India Online Bill Payment Market Segmentation by Payment Platform, FY2008-FY2013
26.3. India Online Bill Payment Market Future Outlook and Projections, FY2014-FY2018
27. Trends and Developments in India Bill Payment Market
  GIRO Based Payment System
28. Market Share of Major Players in India Bill Payments Market, FY2013
29. Competitive Landscape of Major Players in India Bill Payments Market
30. India Bill Payments Market Future Outlook and Projections, FY2014-FY2018
31. Macro-Economic Factors: Historical and Projections
31.1. Number of Bank Branches in India, FY2008-FY2018
31.2. Population in India, FY2008-FY2018
31.3. Personal Disposable Income, FY2008-FY2018
31.4. Electronic Payment Transactions in India, FY2008-FY2018
31.4.1. ECS/NECS Transactions by Value and Volume, FY2008-FY2018
31.4.2. NEFT/EFT Transactions by Value and Volume, FY2008-FY2018
31.4.3. RTGS Transactions by Value and Volume, FY2008-FY2018
31.4.4. Credit Card Transactions by Value and Volume, FY2008-FY2018
31.4.5. Debit Card Transactions by Value and Volume, FY2008-FY2018
31.4.6. IMPS Transactions by Value and Volume, FY2012, FY2013 and FY2014
32. Appendix
32.1. Market Definition
32.2. Abbreviations
32.3. Research Methodology
  Data Collection Methods
  Approach
  Variables (Dependent and Independent)
  Multi Factor Based Sensitivity Model
  Final Conclusion
32.4. Disclaimer

LIST OF FIGURES

Figure 1: Urbanization Trend in India with Urban Population in Million and Percentage, 1971, 1981, 1991, 2001 and 2011
Figure 2: The Formal and Informal Remittance Service Providers in India
Figure 3: Maturity of the Banking and Payment Channels in India
Figure 4: India Domestic Money Transfer/Remittance Market Size by Value on the Basis of Principal Transactions in INR Million, FY2008-FY2013
Figure 5: India Domestic Money Transfer/Remittance Market Segmentation by Rural and Urban on the Basis of Principal Receipts in Percentage, FY2008, FY2013 and FY2018P
Figure 6: India Domestic Money Transfer/Remittance Market Segmentation by Inter-State and Intra-State on the Basis of Principal Transactions in Percentage, FY2008, FY2013 and FY2018P
Figure 7: India Domestic Money Transfer/Remittance Market Segmentation by Organized and Un-organized on the Basis of Principal Transactions in Percentage, FY2008, FY2013 and FY2018
Figure 8: India Organized Domestic Money Transfer/Remittance Market Size on the Basis of Principal Transactions in INR Million, FY2008-FY2013
Figure 9: India Organized Domestic Money Transfer/Remittance Market Segmentation by Banks and Post Offices on the Basis of Principal Transactions in Percentage, FY2008-FY2013
Figure 10: India Domestic Money Transfer/Remittance through Banks Market Size by Value on the Basis of Principal Transactions in INR Million, FY2008-FY2018P
Figure 11: India Domestic Money Transfer/Remittance through Banks, Market Segmentation by In-Branch and BCNMs on the Basis of Principal Transactions in Percentage, FY2008-FY2013
Figure 12: India BCNM Market Size by Value on the Basis of Principal Transactions in INR Million, FY2008-FY2013
Figure 13: Value Chain of the Business Correspondent Industry in India
Figure 14: Market Share of the Major Business Correspondents in India BCNM Market (Remittance) on the Basis of Principal Transactions by Value in Percentage, FY2013
Figure 15: Key Performance Indicators of Major Business Correspondents Present in India Domestic Money Transfer/Remittance Market, FY2013
Figure 16: India BCNMs Market Future Projections on the Basis of Principal Transactions in INR Million, FY2014-FY2018
Figure 17: India M-Wallet Market Segmentation by Consumer and Enterprise on the Basis of Principal Transactions in Percentage, FY2013-FY2018
Figure 18: India Consumer M-Wallet Market Size on the Basis of Principal Transaction in INR Million, FY2013-FY2018
Figure 19: India Consumer M-Wallet Market Segmentation by Type of Services on the Basis of Principal Transactions in Percentage, FY2013-FY2018
Figure 20: India Enterprise M-Wallet Market Size on the Basis of Principal Transactions in INR Million, FY2013-FY2018
Figure 21: India Enterprise M-Wallet Market Segmentation by Type of Services on the Basis of Principal Transactions in Percentage, FY2013-FY2018
Figure 22: India M-Wallet Market Future Projections on the Basis of Principal Transactions in INR Million, FY2014-FY2018
Figure 23: India Bill Payment Market Size by Value on the Basis of Household Bills Paid in INR Million, FY2008-FY2013
Figure 24: India Bill Payment Market Segmentation by Type of Household Bills Generated on the Basis of Bills Paid by Value in Percentage, FY2013
Figure 25: India Bill Payment Market Segmentation by Payment Channel on the Basis of Bills Paid by Value in Percentage, FY2008 and FY2013
Figure 26: India Online Bill Payment Market Size by Value on the Basis of Bills Paid in INR Million, FY2008-FY2013
Figure 27: India Online Bill Payment Market Segmentation by Payment Platform on the Basis of Transaction Value in Percentage, FY2008-FY2013
Figure 28: India Online Bill Payment Market Projections on the Basis of Bills Paid in INR Million, FY2014-FY2018
Figure 29: Market Shares of the Major Players in India Third Party (Aggregators) Bill Payment Market on the Basis of Bills Paid by Value in Percentage, FY2013
Figure 30: India Bill Payment Market Projections on the Basis of Transactions Value in INR Million, FY2014-FY2018
Figure 31: Number of Bank Branches in India, FY2008-FY2018
Figure 32: Population in India in Million, FY2008-FY2018
Figure 33: Personal Disposable Income in India in INR Million, FY2008-FY2018
Figure 34: ECS/NECS Transaction in India by Value in INR Billion and Volume in Million, FY2008-FY2018
Figure 35: NEFT/EFT Transactions in India by Value in INR Billion, FY2008-FY2018
Figure 36: NEFT/EFT Transactions in India by Volume in Million, FY2008-FY2018
Figure 37: RTGS Transactions in India by Value in INR Billion, FY2008-FY2018
Figure 38: RTGS Transactions in India by Volume in Million, FY2008-FY2018
Figure 39: Credit Card Transactions in India by Value in INR Billion and by Volume in Million, FY2008-FY2018
Figure 40: Debit Card Transactions in India by Value in INR Billion and by Volume in Million, FY2008-FY2018

LIST OF TABLES

Table 1: Distribution of the Labor Migrants in various Sectors/Industries by Persons in Thousands, FY2008
Table 2: Major Migration Corridors in India
Table 3: Overview of the Financial Infrastructure and Payment Systems in India
Table 4: India Domestic Money Transfer/Remittance Market Size by Volume on the Basis of Principal Transactions in Million, FY2013
Table 5: Major Domestic Remittance Receiving States in India and the Remittance Received by the Rural and Urban Areas in INR Million, FY2008
Table 6: Process of Money Transfer through the Organized and Unorganized Channels
Table 7: Analysis of Various Direct and Indirect Costs involved in Money Transfer through the Organized and Unorganized Channels
Table 8: Various Sectors in India and Migrant Labors Employed in Percentage, FY2013
Table 9: India Domestic Remittance Volume through Post Offices in INR Million, FY2008-FY2013
Table 10: India Post Money Order Transactions by Value in INR Million and Volume in Million, FY2008, FY2009 and FY2011
Table 11: Total Number of Urban and Rural Post Offices in India, FY2008-FY2012
Table 12: Progress of the RBI Financial Inclusion Plan through Banks in India, 2009-2012
Table 13: India In-branch Domestic Remittance Volume of the Banks in INR Million, FY2008-FY2013
Table 14: Financial Inclusion Progress of the Major Banks in India, FY2012
Table 15: Number of Business Correspondents in India, 2009-2012
Table 16: Major Roles and Responsibilities of the Business Correspondents in India
Table 17: Major Products Offered by CSPs to their Clients
Table 18: Operational Cost Break-up of the BCNMs in India in Percentage, FY2013
Table 19: Major Investments in the Business Correspondents in India
Table 20: RBI Guidelines for Banks for Engaging Business Correspondents in India
Table 21: Various Entities Permitted to act as Business Correspondent in India as per RBI Guidelines
Table 22: Summary of Operations of Major Business Correspondents in India
Table 23: Competitive Landscape of the Major Players in India BCNM Market, FY2013
Table 24: India M-Wallet Market Size on the Basis of Principal Transactions by Value in INR Million and by Volume in Million, FY2013
Table 25: India M-Wallet Monthly Transactions by Value in INR Million, FY2013
Table 26: India M-Wallet Monthly Transactions by Volume in Million, FY2013
Table 27: Comparison of M-Wallet with Other Major E-payment Systems in India
Table 28: Major Differences between Mobile Banking and Mobile Wallet Payment Systems
Table 29: Major Differences between Semi-Closed and Open Loop Mobile Wallet Payment Instruments
Table 30: India Consumer M-Wallet Market Segmentation and Projections on the Basis of Principal Transactions in INR Million, FY2013-FY2018
Table 31: India Enterprise M-Wallet Market Segmentation and Projections on the Basis of Principal Transactions in INR Million, FY2013-FY2018
Table 32: RBI Guidelines for Issuance and Operation of M-Wallets in India
Table 33: Competitive Landscape of the Major Players in India M-Wallet Market, FY2013
Table 34: India Bill Payment Market Segmentation by Payment Channel on the Basis of Bills Paid by Value in INR Million, FY2008 and FY2013
Table 35: India Bill Payment Market Segmentation by Payment Channel on the Basis of Number of Transactions by Volume in Percentage, FY2008 and FY2013
Table 36: India Online Bill Payment Market Segmentation by Payment Platform on the Basis of Transaction Value in INR Million, FY2008-FY2013
Table 37: India Online Bill Payment Market Segmentation by Payment Platform and Projections on the Basis of Transactions Value in Percentage, FY2014-FY2018
Table 38: India Online Bill Payment Market Segmentation by Payment Platform and Projections on the Basis of Transactions Value in INR Million, FY2014-FY2018
Table 39: Major Differences between a Traditional and GIRO Payment
Table 40: Bill Transaction Size of the Major Third Party Aggregators in India in INR Million, FY2013
Table 41: Competitive Landscape of the Major Players in India Bill Payments Market
Table 42: India IMPS Monthly Transactions by Value in INR Million, FY2012, FY2013 and FY2014
Table 43: India IMPS Monthly Transactions by Volume in Million, FY2012, FY2013 and FY2014
Table 44: Correlation Matrix for Bill Payment Market in India
Table 45: Regression Coefficients Output

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