Title: India Mobile Wallet Industry Forecast 2018
1Mobile Wallet Market in India 2014-2018
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- Published October 2014
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2Mobile Wallet Market in India 2014-2018
- One major trend upcoming in this market is
increased dependency on cellphones. With
increasing levels of awareness and tech-savvy
consumers, the number of cellphone users is
increasing. Cellphones are available in different
ranges according to the affordability of
consumers. - According to the report, the increased benefit
of mobile wallets is one of the major drivers in
this market. There are many advantages of mobile
wallets for example, they are more secure than
real wallets, and consumers do not have to carry
real wallets on the go. -
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- 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.
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3Mobile Wallet Market in India 2014-2018
- 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 ReportThis 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. - 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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4Mobile Wallet Market in India 2014-2018
- Key Regions India
-
- Market Driver Increased Benefits of Mobile
Wallets - Analyst recognizes the following companies as the
key players in the Mobile Wallet Market in India
Citrus Payment Solutions Pvt. Ltd., One97
Communications Ltd. and Oxigen Services India
Pvt. Ltd. - Other Prominent Vendors in the market are
Airtel Money, Apple, Google, Livquick, Mobikwik,
M-Pesa, PayPal, Tata Teleservices, YPayCash and
ZipCash. -
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5Mobile Wallet Market in India 2014-2018
- Market Challenge Infrastructure Inadequacies
- Market Trend Higher dependency on Cellphones
- Key Questions Answered in this Report What will
the market size be in 2018 and what will the
growth rate be? What are the key market
trends? What is driving this market? What are
the challenges to market growth? Who are the
key vendors in this market space? What are the
market opportunities and threats faced by the key
vendors? What are the strengths and weaknesses
of the key vendors?
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6Mobile Wallet Market in India 2014-2018
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