India Payments Snapshot Market Research Report 2020
Market Reports on India Provides the Trending Market Research Report “Payments Snapshot in India - COVID-19 Impact Snapshot”under Financial Services Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports. India Payments Snapshot The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy affecting millions of people globally. The contagious coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel coronavirus a pandemic on March 11, 2020. Economic growth in India slowed down during the first quarter of 2020 and set to further decelerate if the disease is not controlled at the earliest possible opportunity. The decline will have an adverse impact on all sectors, including banking and payments. Request a free sample copy of India Payments Snapshot Market Report http://www.marketreportsonindia.com/marketreports/sample/reports/2114368 While the government is easing restrictions in a calibrated manner, the surge in daily active case numbers is a worrisome factor with the country seeing a spike in new cases across several states, which remains a key challenge ahead. India now has the third-highest COVID19 cases in the world behind the US and Brazil. This report focuses on the impact of the coronavirus outbreak on both the economy and the cards and payments industry in India. Based on our proprietary datasets, the snapshot provides a detailed comparison between pre-COVID-19 forecasts and revised forecasts of total payment card, debit card, and credit and charge card transactions by value and volume. It also offers information on measures taken by the government to combat coronavirus. Scope: - Coronavirus has had a profound effect on India’s tourism industry. According to the Federation of Associations in Indian Tourism & Hospitality (FAITH), the tourism sector is set to lose INR5tn ($70.13bn) in revenue due to the pandemic.