Mobile Wallet Market: 2027. The mobile wallet market size was valued at $1,043.1 billion in 2019, and is mobile wallets in india 2020 projected to reach $7,580.1 billion by 2027, growing at a CAGR of 28.2% from 2020 to 2027. A mobile wallet allows consumers to make transactions even during travel, from any location, anytime.
India mobile wallet market is projected to grow from around $ 16 billion in 2018 to $ 184 bi llion by 2024, exhibiting growth at a staggering CAGR of 44% during 2019 - 2024. Anticipated growth in the market can be attributed to growing smartphone user base and rising internet penetration across the country.
Dominance of mobile wallets. According to a report by RetailDive, around 2.1 billion customers are using mobile wallets in 2019. And this number is bound to increase in 2020. A mobile wallet solution is nothing but a mobile application that tries to mimic an actual physical wallet. With the help of a mobile wallet, you can send money to other ... louis vuitton for cats
Feb 06, 2020 · ‘Low KYC’ norm to help mobile wallets retain their customers — Economic Times — “In a move set to bring relief to scores of mobile wallet firms such as Paytm, PhonePe, Amazon Pay and their several million users, the Reserve Bank of India (RBI) will allow wallet service providers to continue operating their millions of non-compliant know-your-customer (KYC) accounts which earlier ...
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