India mobile wallet market Overview

India mobile wallet market is expected to find its true potential underpinned by the rising digital payment option in every sector due to the increasing Internet penetration even in rural areas as well. Additionally, the rising online shopping trend has led to expanding the e-commerce platforms coupled with the introduction of online apps has widened the scope of digital payment methods where mobile plays a significant role during payment and is estimated to bolster the growth of the India mobile wallet market in the upcoming six years.

According to 6Wresearch, India Mobile Wallet market is projected to generate $11.5 billion by 2022. Reserve Bank of India expected measures to increase the mobile wallet limit and players investing heavily in the marketing campaigns would further fuel the growth of the market. Telecom and broadcasting vertical is the leading revenue contributor in the overall market followed banking vertical. In the forecast period, the banking vertical is expected to grow with the fastest CAGR among all verticals. In the application market, the recharge application captured the lion's share of the market.

The report thoroughly covers the market by verticals, applications, devices used, and regions. The report provides an unbiased and detailed analysis of the ongoing trends, opportunities/ high growth areas, and market drivers, which would help stakeholders to devise and align market strategies according to the current and future market dynamics.

Key Highlights of the Report

  • Historical data of Global Mobile Wallet Market for the Period 2010-2015
  • Market Size & Forecast of Global Mobile Wallet Market until 2022
  • Market Drivers and Restraints
  • Market Trends
  • Players Market Share
  • Competitive Benchmarking
  • Company Profiles

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