Mobile Wallet Market in India 2014-2018
Mobile wallets are electronic accounts, which can be maintained on cellphones. They help account holders make bill payments or online purchases. They are a revolutionary trend in the Digital Payments industry and are based on NFC technology. The increased adoption of smartphones, tablets, and other mobile technology has changed the way customers make payments. Before the advent of smartphones, Java-enabled and internet-based phones were sparingly used because the usage was limited to SMS and calling options. At that time, carrier charges were high, and therefore customers used these services less. Recently, the growth of the Global Mobile Wallet market has been stimulated by the highly competitive Telecom market and the growing adoption of smartphones and value-added services.
Analysts forecast the Mobile Wallet market in India to grow at a CAGR of 140.87 percent over the period 2013-2018.
Covered in this Report
This report covers the present market scenario and growth prospects of the Mobile Wallet market in India for the period 2014-2018. To calculate the market size, the report considers the total revenue generated by the retail transactions sourced through mobile devices. These transactions include mobile commerce transactions, mobile ticketing, mobile coupons, money transfer, and micropayments.
The Mobile Wallet Market in India 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers India; it also covers the Mobile Wallet market in India market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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