Market research & Consulting- NewAge

  A growing  number of smartphone users coupled with attractive discount offers  and rising   disposable income   to drive the mobile wallet market in India through 2021.  According to TechSci Research report,  “ India Mobile Wallet Market  By Application, By End User,  Competition  Forecast & Opportunities,  2012 - 2021 ” , the mobile wallet market in India is projected to exhibit a CAGR of over 50% during 2016-2021, on account of growing  online transactions, increasing internet penetration coupled with the rising trend towards mobile banking. In 2016, India mobile wallet market observed huge traction due to the demonetization of the INR500 (USD7.33) and INR1000 (USD14.67) currency notes by the government.  The Important Elements of the India Mobile Wallet Market government initiatives towards technological innovations by introducing Unified Payment Interface  expanded the mobile wallet market across t...

  Increasing smartphone and internet penetration along with rising acceptance of mobile wallets by various e-commerce platforms to drive India mobile wallet market through 2024.  According to TechSci Research report,  “ India Mobile Wallet Market By Application, Competition Forecast and Opportunities 2013 - 2024 ’’ , India mobile wallet market is projected to grow at an astounding CAGR of 44% until 2024 on account of increasing penetration of smartphones, expanding internet user base and rising inclination of various e-commerce platforms towards mobile wallets. Important Elements of the India Mobile Wallet Market Moreover, mobile wallet companies are providing lucrative offers on mobile wallet usage along with the growing usage of value-added services. Additionally, the ‘Digital India’ initiative of the government of India, which has the vision to convert India into a digitally empowered country, is further anticipated to have a huge positive impact on the market in the c...