India Mobile Wallet Market Discussed in New TechSci Research Report Now Available at MarketPublishers.com25 Sep 2015 • by Natalie Aster
LONDON – In India, the market for mobile wallets grows swiftly given rising interest in mobile banking, mobile wallet applications and the growing number of online transactions.
Currently, mobile recharge and bill payments, money transfer as well as utility applications represent key areas driving growth of the local mobile wallet marketplace. With more than 10 companies having received payment bank licenses from Reserve Bank of India, the local market for mobile wallets is set to witness fierce competition in the near term.
The transportation sector represents one of major emerging sectors in terms of mobile wallet usage. In the meantime, banking formed the largest end-user sector in the local mobile wallet marketplace.
The Indian market for mobile wallets is expected to hit the mark of USD 6.6 billion in late 2019.
New research study “India Mobile Wallet Market Forecast and Opportunities, 2020” developed by TechSci Research draws up an insightful picture of the Indian mobile wallet marketplace. The report contains a detailed overview of the global marketplace, with a special focus made on the Indian market. It estimates a size of the market and sheds light on market shares. The study examines the end-user market and investigates market dynamics. The research report highlights the regulatory framework and looks at the competitive landscape. It outlines market opportunities through 2020 and explores market trends and developments.
India Mobile Wallet Market Forecast and Opportunities, 2020
Published: September, 2015
Price: US$ 2,500.00
More new cutting-edge reports are available at TechSci Research page.