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India Mobile Wallet Market Forecast and Opportunities, 2020LONDON, Sept. 28, 2015 /PRNewswire/ -- Mobile wallet is a digital wallet that allows users to make payments through smartphones, tablets, phablets, etc., from any location at any time. Mobile wallet market in India is surging on account of growing online transactions, rising trend towards mobile banking, and ease of usage of mobile wallet applications. In 2014-15, major application areas that drove the country's mobile wallet market included money transfer, mobile recharge and bill payments, utility applications. These applications are being predominantly used by mobile wallet users based in Tier-I cities such as Delhi, Mumbai, Bengaluru and Chennai. In August 2015, Reserve Bank of India approved payment bank licenses of 11 companies including Vodafone, Airtel, Paytm, etc. Consequently, the mobile wallet market in India is forecast to become highly competitive over the course of next five years. Transportation is an emerging sector in terms of using mobile wallet usage in India. Radio taxi companies such as Uber are entering into partnerships with mobile wallet companies such as Paytm to allow customers make payments through mobile wallet applications. - India Mobile Wallet Market Size, Share & Forecast - Segmental Analysis - By Application (Money Transfers, Mobile Recharge & Bill Payments, Utilities, etc.) and By End User Sector (Banking, Retail, Telecom, Transportation, etc.) - Policy & Regulatory Landscape - Changing Market Trends & Emerging Opportunities - Competitive Landscape & Strategic Recommendations Why You Should Buy This Report? - To gain an in-depth understanding of India Mobile Wallet Market - To identify the on-going trends, and anticipated growth over the next five years - To help industry consultants, mobile wallet service providers align their market-centric strategies - To obtain research-based business decisions and add weight to presentations and marketing material - To gain competitive knowledge of leading market players - To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer's specific needs Report Methodology The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with mobile wallet service provider companies in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases. Download the full report: https://www.reportbuyer.com/product/3273377/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/india-mobile-wallet-market-forecast-and-opportunities-2020-300150354.html SOURCE ReportBuyer 
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