Payments via mobile wallets in India to outstrip ₹531.8 lakh cr by 2028: GlobalData
Value of mobile wallet transactions in India reached ₹208.25 lakh cr in 2023, with a CAGR of 72.1% between 2019 and 2023
Value of mobile wallet transactions in India reached ₹208.25 lakh cr in 2023, with a CAGR of 72.1% between 2019 and 2023
The startup, backed by Amazon and Mastercard, says it uses sound waves to enable contactless digital payments with or without the Internet.
The interoperability among prepaid instruments is perhaps the most promising move in the recent times to accelerate the digital payments ecosystem in India.
With data emerging as the most precious commodity of the 21st century, its abundant and low-cost availability is powering aspirations rooted in the digital world.
The move by the RBI towards interoperability between PPIs ensures that the playing field isn’t skewed towards bigger players in the industry.
Paytm got its $10 billion valuation peddling payments as a business, while WhatsApp’s payments feature will be anything but a business. They surely make for good rivals.
Technology is the front-runner in driving consumer engagement and experience in retail.