How much money did Paytm, Mobikwik, and Freecharge make from demonetization?
Advertisement
Advertisement
Fintech
E-wallet companies like
According to an Assocham-RNCOS joint study, the mobile payment transaction volume is likely to register a compounded growth rate of over 90 percent to reach 153 billion by FY 2021-22. This is against only 3 billion transactions in FY 2015-16.
Mobile payment transaction value in India is also likely to register over 150% CAGR and cross Rs 2,000 trillion by FY 2021-22 from just over Rs 8 trillion as of FY 2015-16 Indian M-wallet market study said.
Advertisement
With over one billion mobile subscribers, mobile banking segment contributed the largest share of 49% in Indian mobile payment market with over 386 million transactions worth Rs 4,000 billion in FY 2015-16, with the majority being money transfers, the study noted.
Another new payment system, UPI, is yet to be supported by most supermarkets and retail stores even though
Advertisement
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh