Radar · Industry landscape · India
Payments Infrastructure Landscape of India
1,695 Payments Infrastructure companies in India, in one picture: who is hiring, who is raising money, who founded them, where they are based, what the news is about, which skills employers want and where the research is going. Updated August 2026.
1,695companies tracked
$5.5Bdisclosed funding
121hiring right now
882events · 24 months
47,421news articles · 12 months
Who leads Payments Infrastructure in India
Shows the 1,695 tracked companies, highlighting which firms are currently hiring, which have recent funding, and which are most visible in the sector.
open roles
Hiring now
ranked by live open roles
- 01
MobiKwik7last posted Aug 2026
- 02
One97 Communications7last posted Aug 2026
- 03
Cashfree Payments7last posted Aug 2026
- 04
Razorpay6last posted Aug 2026
- 05
GrayQuest6last posted Aug 2026
- 06
Easebuzz6last posted Jul 2026
- 07
PayU5last posted Aug 2026
- 08
CredFlow5last posted Aug 2026
121 companies hiring · 26 posted in the last 30 days
disclosed funding
Most funded
disclosed totals, all rounds
- 01
CRED$943.6MAngel · Mar 2026
- 02
BharatPe$802.7MConventional Debt · Mar 2026
- 03
- 04
- 05
SBI Payment Services$218.3MSeries D · Jan 2019
- 06
BillDesk$185.7MSeries D · Jan 2019
- 07
Innoviti$171.1MSeries E · Feb 2026
- 08
Obopay$159.8MConventional Debt · Oct 2017
198 companies with disclosed rounds · $5.5B total
revenue
Revenue leaders
official filings first, else latest snapshot
- 01
AvenuesAI$501.4MFY2021 filing
- 02
Infibeam Avenues$471.4MFY2022 filing
- 03
- 04
Seshaasai$175.4MFY2024 filing
- 05
PayMate$163MFY2023 filing
- 06
AGS Transact Technologies$140.4MFY2021 filing
- 07
- 08
Integra Micro Systems$81.2MFY2018 filing
105 companies with a revenue figure
headcount
Largest teams
ranked by tracked headcount
- 01
- 02
- 03
RNFI Services1,385tracked employees
- 04
Mswipe1,151tracked employees
- 05
- 06
Pay Point India966tracked employees
- 07
- 08
80 companies with headcount data
share of events
Share of voice
share of all tracked sector news events, 24 months
- 01
Jio Financial Services14.8%331 tracked events
- 02
- 03
- 04
- 05
- 06
Comviva6.7%149 tracked events
- 07
- 08
2,230 tracked events across 75 companies
web reach
Most-used apps
the sites in this sector the web visits most
- 01
- 02
Mobisafartop 10kmobisafar.com
- 03
Finkedatop 50kfinkeda.com
- 04
GoGSTBilltop 50kgogstbill.com
- 05
- 06
Payworldtop 50kpayworldindia.com
- 07
Sahaj Retailtop 50ksahaj.co.in
- 08
Spice Moneytop 50kspicemoney.com
460 companies here run a site with a measured audience · 131 of them sit inside the web’s top million
articles
In the news
Prism news coverage, last 12 months
- 01
- 02
- 03
- 04
- 05
FSS99articles in the window
- 06
- 07
- 08
PayNearby53articles in the window
69 of these companies drew sector coverage in the window
Radar
See all 1,695 Payments Infrastructure companies in India
Filter by funding, headcount, hiring and location, and export the list.
How the Payments Infrastructure ecosystem in India grew, 2016–2025
Displays the annual count of new companies, with a peak of 192 founded in 2021 and 23 founded in 2025.
Companies founded / year
new Payments Infrastructure companies in India
20162025
peak 192 in 2021
Companies raising / year
with a disclosed round that year
20162025
peak 62 in 2021
Disclosed funding / year
sum of disclosed rounds (USD)
20162025
peak $1.9B in 2021
Where Payments Infrastructure companies in India are based
Hub 01
Bengaluru
193 Payments Infrastructure companies
21% of the Payments Infrastructure companies across these hubs
193companies
$2.7Bdisclosed funding
27hiring now
Hub 02
Mumbai
183 Payments Infrastructure companies
20% of the Payments Infrastructure companies across these hubs
183companies
$1.2Bdisclosed funding
22hiring now
Hub 03
Delhi
154 Payments Infrastructure companies
17% of the Payments Infrastructure companies across these hubs
154companies
$63.6Mdisclosed funding
9hiring now
Hub 04
Noida
85 Payments Infrastructure companies
9% of the Payments Infrastructure companies across these hubs
85companies
$109.8Mdisclosed funding
5hiring now
Hub 05
Hyderabad
80 Payments Infrastructure companies
9% of the Payments Infrastructure companies across these hubs
80companies
$23.8Mdisclosed funding
5hiring now
Hub 06
Gurugram
79 Payments Infrastructure companies
9% of the Payments Infrastructure companies across these hubs
79companies
$1.2Bdisclosed funding
11hiring now
Hub 07
Chennai
74 Payments Infrastructure companies
8% of the Payments Infrastructure companies across these hubs
74companies
$156.8Mdisclosed funding
7hiring now
Hub 08
Pune
58 Payments Infrastructure companies
6% of the Payments Infrastructure companies across these hubs
58companies
$63.6Mdisclosed funding
5hiring now
The Payments Infrastructure market map of India: what these companies actually do
Breaks down the types of products built and revenue models used, noting fintech as the largest sub‑category and subscription as the most common revenue model.
- Fintech1,680 companies · $5.4B raised · 121 hiring
- Enterprise Tech1,326 companies · $4.3B raised · 105 hiring
- Enterprise Software784 companies · $2.1B raised · 46 hiring
- Consumer Digital558 companies · $2.5B raised · 46 hiring
- Commerce Enablers518 companies · $3.4B raised · 55 hiring
- Cfo Stack383 companies · $1.1B raised · 27 hiring
- SaaS371 companies · $1.5B raised · 35 hiring
- Agent Based Payments293 companies · $148.3M raised · 18 hiring
- Retail Tech66 companies · $382.9M raised · 10 hiring
- Marketplaces48 companies · $119M raised · 5 hiring
- Banking Tech46 companies · $939.4M raised · 13 hiring
- Nbfc Lenders32 companies · $890.8M raised · 7 hiring
Monetization
How Payments Infrastructure companies make money
How many companies earn revenue each way. Plenty use more than one model, so the counts add up to more than the sector.
Subscription1,341
Commission on Transaction1,005
E-Commerce - Service528
Fee-For-Service283
E-Commerce - Product39
Lending34
Advertising25
Physical Commerce18
Funding, M&A and the deals moving Payments Infrastructure in India
Counts 882 corporate events over the past two years, including earnings releases, funding rounds, leadership changes, product launches and regulatory filings.
Earnings 265Funding 111Leadership 100Product 97Regulatory 89M&A 82IPO 46Lawsuit 24Announcement 21Capital 16
- M&AMumbai: Peak XV Partners sold its remaining 7.7% stake in fintech MobiKwik through block deals worth over Rs 130 crore on Tuesday, completely exiting its investment in the firm, said people in the know.2026-04-29
- FundingIn April 2025, Bessemer led the Rs 240 crore infusion into the company.2026-03-09
- FundingAnother notable deal came from fintech startup Innoviti, which secured $11.4 million in funding from investors including Bessemer Venture Partners, along with several angel investors and family offices.2026-03-07
- FundingMerchant SaaS platform Mintoak is set to raise Rs 80 crore in debt from BlackSoil to fund the acquisition of Dubai-based customer loyalty management platform Innovative Consumer Concepts (ICC Loyalty).2026-03-02
- M&AWorldline announced the strategic sale of its Indian payment activities to BillDesk2026-03-02
- FundingNotably, earlier this week, General Catalyst also led a $16.6 million funding round in B2B cross-border payments startup Xflow.2026-02-27
- FundingBengaluru-based Tonetag, a deeptech startup which focusses on sound-based payment systems, has raised Rs 35.16 crore ($3.8 million) from Qualcomm Ventures, according to documents accessed from the ministry of corporate affairs.2026-02-18
- IPOFour top investment banks have been picked by the Bengaluru-based payments and banking platform to help it navigate the public offering process, which is anticipated to generate over $700 million, according to industry sources.2026-02-13
- FundingFindi (ASX: FND) subsidiary Transaction Solutions International (India) will receive a strategic investment of up to $72 million from Nova Global Opportunities Fund to support its rapidly-expanding operations.2026-01-12
- IPOBenow, a cosmetics manufacturer, appointed Samsung Securities as its IPO underwriter in September 2024 and is planning a stock market debut later this year.2026-01-11
Mergers and acquisitions
Deals from the last 24 months where a Payments Infrastructure company in India was the buyer or the one bought, newest first. “Undisclosed” means the price was never published — not that the deal was worth nothing.
| Acquirer | Target | Deal value | Status | Date |
|---|---|---|---|---|
| Florintree Advisors, Viridian Asset Management, Dymon Asia, Karma Capital | undisclosed | Announced | 2026-04-29 | |
| Viridian Asset Management, Florintree Advisors, Dymon Asia, Karma Capital | undisclosed | Completed | 2026-04-28 | |
| Na | $13.8M | Completed | 2026-04-28 | |
| undisclosed | Announced | 2026-04-28 | ||
| undisclosed | Announced | 2026-04-28 | ||
| LoanTap Financial Technologies Pvt Ltd | undisclosed | Announced | 2026-03-29 |
Who is listing, hiring leaders, launching and winning work
Provides details on notable events such as IPO filings, leadership moves, product launches and contract wins.
IPO pipeline
13 companies listed or filing · last 24 months
BenowIPO · KOSPI · 2 reportsJan 2026
Leadership moves
44 tracked people moves · last 12 months
Product launches
tracked launches · last 12 months
DecentroIntegration with Banking Connect (Netbanking payment integration)Apr 2026
Contract wins
11 customer wins · last 24 months
Vakrangeewon Bajaj General Insurance LimitedMar 2026
Transaction Solutions Internationalwon union bank of indiaFeb 2025
EbixCashwon karnataka state road transport corporationJan 2025
Regulatory & litigation
90 regulatory events · 20 tracked suits · 24 months
- ebix payment services v Eraaya Lifespaces Limitedshareholder dispute over minority shareholding · SettledApr 2026
- Eraaya Lifespaces Limited v ebix payment servicesminority shareholding buyout / shareholder dispute · SettledApr 2026
Earnings pulse
companies reporting results · last 24 months
24 companies reporting239 company-quarters trackedbeat 3miss 7in line 1
Half of these companies grew revenue faster than +21.2%, half slower.
Who is building Payments Infrastructure in India
Profiles 1,035 founders and CEOs across 702 firms, showing common alma maters like IIT Delhi and frequent prior employers such as Amazon.
Founders and chief executives12 of 1,035, from the best-funded companies on this page
repeat founder
London Business School MBA 2008
State Bank of India
Ex-Arthur Andersen Business, ITC, ITC Zeneca. RKM Vivekananda College Chennai BCom 1988, IIM Ahmedabad PGDM 1990
Ex-Sasken Communications. IIT Bombay BTech 1990, PhD 1994
repeat founder
Founder CATMI, India Transact Services, SECUREVALUE INDIA, Advanced Graphic Systems.
Ex-nth loop, Imfinity · S.I.E.S. Graduate School of Technology BE 2006
Ex-KEC International, Zensar Technologies, Aptech. Annamalai University BE 1983
Ditya Finance, ex-Cashe Instant Personal Loans, ex-Kotak Mahindra Bank, Mumbai University, 2000
Ex-Amazon · International Institute of Information Technology Hyderabad BTech 2012
Where the founders studied
alma mater on record for 160 of 1,035 founders
IIT Delhi25
BITS Pilani17
IIT Bombay13
IIM Ahmedabad12
IIM Calcutta11
IIT Kanpur9
IIT Kharagpur8
IIT Madras7
Where they worked before
a previous employer on record for 31 of 1,035 founders
Amazon6
McKinsey4
Flipkart4
Microsoft4
Google3
Bain3
Cisco2
Goldman Sachs2
Founders flagged as repeat founders
of 963 founders with a profile on this page
27
carry a repeat-founder flag
- flagged as repeat founders27
- no repeat-founder flag936
Women and men among the founders
first names matched for 852 of 1,035 founders
10%
of matched founders are women
- women89
- men763
Inferred from first names, using 119 million people who state their own gender: a first name counts only where at least 20 of them share it and at least 90% of those share the same gender. The other 183 founders go in neither column.
Radar
Look up the people behind Payments Infrastructure companies in India
Search founders, executives and operators by company, role and location.
Who funds Payments Infrastructure in India
Summarizes 553 funding rounds since 2016 from 2,280 investors, with a typical round size of $982 k.
| Investor · most active investors since 2016 | Rounds | Led | Latest |
|---|---|---|---|
| Peak XV Partners | 24 | 15 | Mar 2023 |
| Y Combinator | 21 | 12 | Dec 2024 |
| Trifecta Capital | 17 | 3 | Jan 2026 |
| LetsVenture | 15 | 5 | Sep 2023 |
| Bessemer Venture Partners | 14 | 7 | Feb 2026 |
| Beenext | 14 | 5 | Apr 2025 |
| Tiger Global Management | 13 | 6 | Jun 2022 |
| Angel List | 13 | 2 | Jun 2024 |
| Ribbit Capital | 12 | 7 | Jul 2021 |
| Wellfound | 11 | 4 | Apr 2022 |
Stage mix · rounds since 2016
Seed & Angel339
Series A–B104
Series C+ / PE60
Grants, debt & other50
The typical round is $982k — half were bigger, half smaller.
The biggest Payments Infrastructure funding rounds in India
Highlights the largest disclosed round—Razorpay’s $375 M Series F—and lists ten other large recent rounds.
| Company | Round | Size | When | Backers |
|---|---|---|---|---|
| Series Fmega-round | $375M | Dec 2021 | Lone Pine Capital, Alkeon Capital Management, TCV +4 more | |
| Series Emega-round | $350M | Jul 2021 | Tiger Global Management, Dragoneer Investment Group, Steadfast Financial +8 more | |
| Series Emega-round | $251M | Oct 2021 | Tiger Global Management, Marshall Wace, Sofina +9 more | |
| Series D | $218.3M | Jan 2019 | Hitachi Payment Services | |
| Series D | $215M | Apr 2021 | Coatue, Insight Partners, DST Global +8 more | |
| Series E | $160M | Apr 2021 | GIC, Ribbit Capital, Tiger Global Management +2 more | |
| Series F | $140M | Jun 2022 | Tiger Global Management, Sofina, Alpha Wave Global +6 more | |
| Series B | $120M | Jul 2019 | Ribbit Capital, Gemini Investment Management, Tiger Global Management +11 more | |
| Series D | $100M | Oct 2020 | GIC, Ribbit Capital, Tiger Global Management +3 more | |
| Series C | $93.2M | Oct 2015 | General Atlantic, Temasek |
Venture round sizes · 2023–2025
<$1M44
$1–10M44
$10–50M9
$50–250M1
>$250M0
98 venture rounds with a disclosed amount in the window.
Fresh cheques · last 6 months
Series A$16.6MFeb 2026
Series B$5MFeb 2026
What the news says about Payments Infrastructure in India
Counts 47,421 news articles in the last year, with frequent coverage of cryptocurrency effects on forex and central bank policies.
News volume
Payments Infrastructure coverage across India · articles per quarter
2021Q22026Q1
peak 15,042 in 2023Q3 · 47,421 articles in the last 12 tracked months
Tone of coverage
share of articles by dominant sentiment (positive / neutral / negative)
202120232025
Positive-tone share moved 67% → 62%, negative 31% → 36% across 2021–2025.
What the coverage is about
The subjects that dominate Payments Infrastructure news in India. The arrow shows whether each one is being written about more or less than a year ago.
- Cryptocurrency impact on forex markets18,778▲+32%
- Central bank monetary policies impacting forex6,892▲+16%
- Macroeconomic indicators in forex analysis6,711▲+17%
- Foreign exchange (forex) rate fluctuations6,349▲+11%
- Fundamental analysis of currency valuations5,495▲+18%
- Impact of trade balances on exchange rates5,309▲+19%
- Geopolitical events and forex fluctuations5,162▲+15%
- Major currency pair trading (e.g., eur/usd, usd/jpy)5,141▲+28%
- Emerging markets economic updates4,956→+6%
- Regulatory compliance in foreign exchange trading3,959▲+49%
Most-covered companies · last 12 months
- 558
- 310
- 275
- 124
- 99
- 91
- 57
- 53
- 47
- 45
69 Payments Infrastructure companies here were named in the news over this period.
Prism
Watch Payments Infrastructure coverage in India as it happens
Prism follows these subjects story by story — which companies are named, what is said about them and how the tone moves.
Momentum
The words getting louder — and quieter
Which terms are showing up in more stories than a year ago, and which are fading. The percentage is the change in how many articles mention them.
stablecoin fx impact+192%decentralized forex+123%eur/usd+42%crypto-fiat arbitrage+484%crude oil prices+45%aud/usd+51%trade finance+74%cyberstalking enforcement+45%currency board systems+57%usd/chf+98%
pmi forex-35%interest differentials fx-35%retail sales forex-38%monetary easing-39%ipo allocation-39%
The pressures the press keeps returning to
Three recurring angles in India Payments Infrastructure coverage, and whether each is getting more attention year on year (through 2025).
Regulatory Risk ▲ rising
114,813 articles touch this dimension · 66.4% critical tone
20212025
signals: currency intervention policies, gdp growth forex, quantitative easing forex
Funding Momentum ▲ rising
20,904 articles touch this dimension · 64.1% critical tone
20212025
signals: gdp growth forex, inflation reports fx, quantitative easing forex
Growth ▲ rising
27,691 articles touch this dimension · 61.5% critical tone
20212025
signals: gdp growth forex, inflation reports fx, trade wars forex
Payments Infrastructure jobs in India: who is hiring and what they ask for
Reports 533 job postings from 127 employers in the past year, noting top skills like Python and Java and a median advertised salary of $10 k per year.
533postings · last 12 months
647postings tracked overall
127employers advertising
$10kmedian advertised salary/yr (n=100)
Demand
The Skills Employers Ask For
What Payments Infrastructure employers in India put in their job ads. The bar is how many postings ask for it; the arrow shows whether demand grew or shrank against the year before.
- python61▲
- sql59▲
- java46▲
- sales43▲
- javascript41▲
- communication skills35▲
- aws34▲
- b2b sales32▲
- stakeholder management26▲
- excel25▲
What level are these roles?
Entry11
Intern21
Senior107
Lead61
Manager151
Most advertised titles
- 4
- 4
- 3
- 3
- 3
- 3
What Payments Infrastructure research in India is working on
Lists 1,602 India‑affiliated academic papers, categorizing them into identified problems, cautions and opportunities.
How this field talks about itself
India-affiliated Payments Infrastructure papers (gold) against all published research (grey)
Descriptive32.4% · 17.8%1.8×
Promising29.0% · 37.5%0.8×
Problem-identifying19.2% · 9.4%2.0×
Breakthrough10.4% · 26.0%0.4×
Cautionary5.2% · 4.6%≈ par
Comparative2.9% · 3.8%0.8×
India-affiliated Payments Infrastructure literature runs 1.8× more “descriptive” than science at large (32.4% vs 17.8% baseline).
How the work is done
Empirical57.7%
Methods-led22.0%
Reviews12.7%
Position pieces6.7%
Theoretical0.9%
How the research reads
92% positive · 2% neutral · 6% negative, across 1,602 papers.
The institutions doing the work · India
- 848
- 735
- 634
- 624
- 572
- 456
ranked by how often their work is cited
Leading researchers · India-affiliated work
Amandeep Dhir · Rakhi Thakur · Puneet Kaur · Mala Srivastava · Shalini Talwar · A.K.M. Najmul Islam · Jonathan Donner · Camilo Tellez
The most-cited breakthroughs
- Behavioural intention to adopt mobile wallet: a developing country perspective · 321 cites
- Continuance adoption of mobile-based payments in Covid-19 context: an integrated framework of health belief model and expectation confirmation model · 186 cites
- The bright side of online consumer behavior: Continuance intention for mobile payments · 170 cites
- Online payment system using steganography and visual cryptography · 76 cites
- Why customers make mobile payments? Applying a means-end chain approach · 43 cites
Common problems researchers identify275 papers · 6 recurring themes
Problems · theme 01
Consumer reluctance to mobile payments
66 papers · 24.0% of this block
▼ -74% share2022→2025 share of research on this subject
Researchers examine why users hesitate to adopt mobile wallets and what factors influence acceptance.
Mobile payment · Mobile banking · Marketing · Payment
“Empirical study on consumers’ reluctance to mobile payments in a developing economy”
66 of these papers raise it as a problem
Problems · theme 02
Policy and regulatory barriers
50 papers · 18.2% of this block
▼ -15% share2022→2025 share of research on this subject
Studies highlight governmental and systemic obstacles that limit the growth of electronic payment services.
Payment · Currency · Mobile payment · Government
“Contextual facilitators and barriers influencing the continued use of mobile payment services in a developing country: insights from adopter”
50 of these papers raise it as a problem
Problems · theme 03
Technical challenges in e‑payment systems
49 papers · 17.8% of this block
▲ +48% share2022→2025 share of research on this subject
Papers discuss infrastructure flaws, interoperability issues, and service‑provider constraints in digital payments.
Payment · Payment system · Payment service provider · Mobile payment
“ISSUES AND CHALLENGES OF ELECTRONIC PAYMENT SYSTEMS”
49 of these papers raise it as a problem
Problems · theme 04
Financial inclusion gaps
45 papers · 16.4% of this block
▲ +78% share2022→2025 share of research on this subject
Research points to persistent exclusion of underserved groups despite expanding digital payment options.
Financial inclusion · Financial services · FinTech · Payment
“Digital Financial Inclusion in India”
45 of these papers raise it as a problem
Problems · theme 05
Security risks of smart‑card payments
33 papers · 12.0% of this block
▼ -69% share2022→2025 share of research on this subject
Analyses focus on vulnerabilities in contactless cards and related payment architectures.
Payment · Computer security · Smart card · Payment system
“An Emerging Platform: From Money Transfer System to Mobile Money Ecosystem”
33 of these papers raise it as a problem
Problems · theme 06
Mobile device security concerns
32 papers · 11.6% of this block
▼ -60% share2022→2025 share of research on this subject
Works assess threats to transaction safety arising from mobile computing platforms.
Computer security · Mobile computing · Mobile device · Mobile technology
“Securing Transactions and Payment Systems for M-Commerce”
32 of these papers raise it as a problem
Cautions68 papers · 4 recurring themes
Cautions · theme 01
Consumer behavior amid digital transition
33 papers · 48.5% of this block
→ +1% share2022→2025 share of research on this subject
Authors caution that shifting payment habits may produce unintended effects on user preferences.
Payment · Database transaction · Mobile payment · Digital currency
“Payments transition in India – consumer preferences and policy shifts”
33 of these papers raise it as a problem
Cautions · theme 02
Taxation impact on mobile money
15 papers · 22.1% of this block
▼ -38% share2022→2025 share of research on this subject
Studies warn that levies on mobile transactions could undermine financial inclusion goals.
Mobile payment · Public economics · Mobile technology · Interface
“There and Back Again: The Making of Uganda’s Mobile Money Tax”
15 of these papers raise it as a problem
Cautions · theme 03
Effectiveness of inclusion initiatives
13 papers · 19.1% of this block
▲ +78% share2022→2025 share of research on this subject
Research questions whether digital finance truly improves capabilities for the unbanked.
Financial services · Financial inclusion · FinTech · Unbanked
“The Effectiveness of Digital Financial Inclusion in Improving Financial Capability”
13 of these papers raise it as a problem
Cautions · theme 04
Economic consequences of cashless policies
7 papers · 10.3% of this block
▼ -16% share2022→2025 share of research on this subject
Analyses explore how moving away from cash may affect growth and consumer purchasing patterns.
Cash · Purchasing · Payment · Payment system
“Cashless Payment Policy and Its Effects on Economic Growth of India”
7 of these papers raise it as a problem
Opportunities524 papers · 7 recurring themes
Opportunities · theme 01
Adoption drivers for mobile wallets
93 papers · 17.7% of this block
▼ -13% share2022→2025 share of research on this subject
Investigations identify psychological and technological factors that boost user intent to adopt mobile payments.
Mobile payment · Structural equation modeling · Continuance · Technology acceptance model
“Behavioural intention to adopt mobile wallet: a developing country perspective”
Opportunities · theme 02
Digital payment expansion under national initiatives
81 papers · 15.5% of this block
▲ +66% share2022→2025 share of research on this subject
Papers highlight how large‑scale digitisation programs are accelerating payment adoption.
Mobile payment · Payment · Consumer behaviour · Mobile banking
“Digitisation of Payments - A Step towards Digital India Movement”
Opportunities · theme 03
Advanced authentication for secure payments
81 papers · 15.5% of this block
▼ -72% share2022→2025 share of research on this subject
Research proposes biometric and cryptographic methods to strengthen transaction safety.
Computer security · Authentication · Credit card · Payment
“Secure and efficient protocol for mobile payments”
Opportunities · theme 04
Inclusive finance through digital payments
75 papers · 14.3% of this block
▲ +78% share2022→2025 share of research on this subject
Studies show how electronic payments can broaden access for small enterprises and underserved populations.
Financial inclusion · Financial services · FinTech · Unbanked
“The Impact of Digital Payment Systems on Financial Inclusion: Evidence from Small and Medium Enterprises in Developing Economies”
Opportunities · theme 05
Unified payment interface innovations
74 papers · 14.1% of this block
▲ +19% share2022→2025 share of research on this subject
Works examine the development and impact of standardized, interoperable payment platforms.
Payment · Payment system · Management system · Order
“Unified Payment Interface—An Advancement in Payment Systems”
Opportunities · theme 06
IoT‑enabled payment and toll solutions
63 papers · 12.0% of this block
▼ -23% share2022→2025 share of research on this subject
Research explores integrating sensors and RFID for automated payment in transportation and services.
Payment · Toll · Internet of Things · Radio-frequency identification
“Parking Navigation and Payment System using IR Sensors and RFID Technology”
Opportunities · theme 07
Blockchain for transaction processing
57 papers · 10.9% of this block
▼ -16% share2022→2025 share of research on this subject
Papers investigate distributed ledger designs that enhance security and efficiency of digital payments.
Blockchain · Database transaction · Payment · Transaction processing
“Blockchain Based Architecture and Solution for Secure Digital Payment System”
Which of these themes are growing fastest
Tracks how the share of research themes has shifted globally from 2022 to 2025.
Problems
how much more (or less) of the world’s research on this subject each theme took up, 2022→2025
gaining sharelosing share
Financial inclusion gaps▲+78%
Technical challenges in e‑payment systems▲+48%
Policy and regulatory barriers▼-15%
Mobile device security concerns▼-60%
Security risks of smart‑card payments▼-69%
Consumer reluctance to mobile payments▼-74%
Cautions
how much more (or less) of the world’s research on this subject each theme took up, 2022→2025
gaining sharelosing share
Effectiveness of inclusion initiatives▲+78%
Consumer behavior amid digital transition▲+1%
Economic consequences of cashless policies▼-16%
Taxation impact on mobile money▼-38%
Opportunities
how much more (or less) of the world’s research on this subject each theme took up, 2022→2025
gaining sharelosing share
Inclusive finance through digital payments▲+78%
Digital payment expansion under national initiatives▲+66%
Unified payment interface innovations▲+19%
Adoption drivers for mobile wallets▼-13%
Blockchain for transaction processing▼-16%
IoT‑enabled payment and toll solutions▼-23%
Advanced authentication for secure payments▼-72%
Prism
Go deeper on Payments Infrastructure research and innovation
Research themes, patent activity and the companies commercialising them, in one place.
Keep going
Track Payments Infrastructure in India beyond this page
Radar finds and filters the companies. Prism watches what is being said about them.
About this data: built from Fliar's company, founder, funding, hiring, jobs, news and research trackers, covering India. Counts are of companies we track, not of every company that exists. Updated August 2026.
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