JUNE 09, 2020: The growth of e-commerce, an expanding smartphone user base, presence of payment banks and Unified Payment Interface (UPI) platforms are driving the Mobile Wallet market in India. It is estimated that during the FY 2019-FY 2023 period, the Indian mobile wallet market will expand at a compound annual growth rate (CAGR) of ~52.21%, by volume, from the mark of 6.4 Bn in FY 2018. Service-wise market segment insights: In FY 2017, the money transfer segment had a market share of ~37.60%, followed by the recharge and bill payments segment (~29.71%). This shows that after the demonetization of INR 500 and INR 1,000 banknotes in November 2016, Indian consumers have accepted mobile wallets as the smart and convenient method of tackling scarcity of liquid cash. To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/mobile-wallet-market-in-india-2018-2023/request-sample Player-wise market segment insights: The major players...
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