The Indian telecoms market is at the same time the second largest in the world, and one of the most competitive, with 14 mobile network operators. This, combined with the GDP per inhabitant level, drives the ARPU (average revenue per user) down to INR 95 (EUR 1.34) per month.

In Payment, India is establishing its national payment scheme RuPay (based on “Rupee” and “Payment”), with the obejctive to be independent from the majors Visa and MasterCard. The Reserve Bank of India has issued a mandate to migrate to smart cards by mid 2013.

All of this, and a lot more, is described in Smart Insights White Paper “India Secure Transactions Market”. The White Paper can be downloaded free of charge here.