India Mobile Wallet Market Analysis, Share, Trends, Demand, Size, Opportunity & Forecast
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...