Top eight recipients of remittance inflows

Payins

All-in-one payment process for global enterprises, to offer customers in emerging markets a seamless and secure payment experience.
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Payouts

Pay your staff, customers, and partners in the currency of their choice. dLocal's Payouts enhances customer satisfaction and streamlines your payment process.
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dLocal for Platforms

Handling payins and payouts in local currency through a quick integration.
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Connect with billions of underserved emerging market consumers.
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Receive payments in your customer's local currency.

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India

India: The world's most populated country is also growing in business opportunities

After a digital boom in India, we are seeing exponential growth in eCommerce.

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Market Overview

With exponential growth, the eCommerce market in India is forecasted to reach US$350 billion by 2030*. * Source: Statista, 2023

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Population: 1.4 B *

India is culturally diverse with untapped opportunity.

* Source: Worldometers 2023.
eCommerce: 74.8B *

Recently, India has become the eighth-largest eCommerce market globally*.

* Source: IBEF, 2022
Internet users: 48.7% *

The internet penetration rate in India has grown rapidly, increasing from just about four percent in 2007 to over half of the population*.

* Source: Datareportal, beginning of 2023 & Statista, 2023

Gain insight into India's most relevant payment methods

36% UPI
27% Credit Card
15% Debit cards
8% Bank Transfer
7% Buy now pay later (BNPL)
5% eWallets
2% Others

Credit and debit cards

Play like a local by offering traditional payment methods.
- Visa
- Mastercard
- RuPay
- Maestro
Wallets

Tackle all audiences.
- Freecharge
- Jio
- Ola Money
- MobikWik
- PayTM
- Phone PE
Online bank transfers

Count on a wide variety of options to drive conversion.
- Canara Bank
- State Bank of India
- Union Bank of India
- Axis Bank
Unified payment service (UPI)
- UPI
Pay later
- Simpl
- ICICI Bank
- Epay Later

View Documentation

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What to know about the new regulations on recurring payments in India

A new regulation on recurring payments in India defeated almost any SaaS business – local or domestic. The Reserve Bank of India implemented new rules for recurring online transactions, making Additional Factor Authentication mandatory for recurring payments.
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Download the country guide for your business to flourish in India

See more about the fastest-growing payment methods in India: UPI

Download the country guide for your business to flourish in India

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