\n
Reduced prices of internet due extensive competition, cheap smartphones, advancement of new technologies such as 4G and demonetisation<\/a> will result in the market value of m-wallets reach Rs 275 trillion by 2022, the study suggested.
\n
\nThe report mentioned that the average wallet spend for retail which was about Rs 500-700 prior to demonetisation is expected to increase to Rs 2,000-10,000. The share of mobile wallet in the total mobile payment volume transactions is expected to rise from 20% in 2016 to 57% by 2022.
\n
\nIn 2016, the report says, total m-wallet transaction was 0.6 billion, which is expected to reach 260 billion by 2022, growing at a CAGR of 163%. Cash in the e-wallets that people keep have grown by 1000% and average number of transactions too has gone up from 3 to 18 since demonetisation.
\n
\n\"All small and large merchants, street dwellers have started accepting mobile wallet payments post demonetisation move,\" the report said.
\n
\nIndian m-wallet market in 2016 was around Rs 1.54 billion which is expected to grow at a CAGR of 196% during 2017 to 2022 and reach Rs 1512 billion by the end of 2022, the study suggested.
\n
\nThe findings of the study show that the total transaction volume of the m-payment in India was 2.9 billion and is expected to grow at a CAGR of 132% between 2016 to 2022 to reach around 460 billion by the end of 2022.
\n
\nOverall mobile payment may grow at a CAGR of 150% between 2016 to 2022 to reach Rs 2205 trillion.
\n
\nThe report also said that after banks and telecom companies, software service companies will venture into the m-wallet market. The extremely competitive and highly fragmented m-wallet market in India will see more tie-ups happening between m-wallet companies and several entities like restaurants, grocery stores, and ticket booking websites.
\n
Mobile wallets will soon offer instant loan facility for short term to its customers, the report added. The study, however, suggested that RBI<\/a> should relax its current policies and allow cash withdrawals from the semi-closed wallets while easing the rules of bank licensing to promote m-wallets.
\n
The study also pointed out that while the young users prefer internet and mobile banking<\/a> over traditional transactions, consumer’s mindset is the biggest factor that hinders the growth of Indian m-wallet market as they are more skeptical about the safety and security issues as in the case of internet banking.<\/body>","next_sibling":[{"msid":56235194,"title":"Vodafone users can unlock up to 1.7 GB data on MyVodafone app","entity_type":"ARTICLE","link":"\/news\/vodafone-users-can-unlock-up-to-1-7-gb-data-on-myvodafone-app\/56235194","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":56236530,"entity_type":"ARTICLE","title":"m-wallet to grow by CAGR 211% between 2016-22 due to demonetisation: ASSOCHAM-RNCOS study","synopsis":"Mobile wallet transaction is expected to carry out majority of transactions in the next 10 years with its market value to set to grow by CAGR of 211% between 2016 to 2022, an ASSOCHAM-RNCOS study revealed.","titleseo":"telecomnews\/m-wallet-to-grow-by-cagr-211-between-2016-22-due-to-demonetisation-assocham-rncos-study","status":"ACTIVE","authors":[{"author_name":"Niharika Banerjee","author_link":"\/author\/479246977\/niharika-banerjee","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479246977.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":479246977,"author_name":"Niharika Banerjee","author_seo_name":"niharika-banerjee","designation":"Staff Reporter","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-12-29 16:26:37","lastupd":"2016-12-29 16:31:41","breadcrumbTags":["RBI","Mobile banking","CAGR","Mobile wallet","mWallet","MVAS\/Apps","demonetisation"],"secinfo":{"seolocation":"telecomnews\/m-wallet-to-grow-by-cagr-211-between-2016-22-due-to-demonetisation-assocham-rncos-study"}}" data-authors="[" niharika banerjee"]" data-category-name="" data-category_id="" data-date="2016-12-29" data-index="article_1">
m-wallet CAGR增长211% 2016 - 22 demonetisation: ASSOCHAM-RNCOS研究
手机钱包交易预计将执行大部分交易在未来10年,其市场价值将2016年到2022年之间增长了211%的复合年增长率,ASSOCHAM-RNCOS研究显示。
孟买:手机钱包交易预计将执行大部分交易在未来10年将增加其市场价值CAGR211%在2016年到2022年之间,ASSOCHAM-RNCOS研究显示。
减少网络由于广泛的竞争,价格便宜的智能手机,4 g和等新技术的发展demonetisation将导致的市场价值m-wallets Rs 275万亿到2022年,这项研究建议。
报告提到,零售业的平均钱包花是Rs 500 - 700之前demonetisation Rs 2000 - 10000年预计将增加。手机钱包的份额在移动支付总额交易预计将从2016年的20%上升到2022年的57%。
报告说,2016年总m-wallet事务是06亿,预计到2022年达到2600亿,以163%的复合年增长率增长。电子钱包的现金,人们保持增长1000%,平均交易数量也上升demonetisation以来从3到18。
“所有的小型和大型商家,街道居民已经开始接受手机钱包支付后demonetisation移动,”该报告称。
印度m-wallet市场在2016年大约是Rs 15.4亿年预计增长196%的复合年增长率在2017年到2022年,达到1.512万亿卢比到2022年底,这项研究建议。
这个研究的发现表明,在印度支付的交易总额是29亿,预计2016年到2022年之间增长132%的复合年增长率达到大约4600亿到2022年底。
整体移动支付可能2016年到2022年之间增长150%的复合年增长率达到2205万亿卢比。
报告还说,在银行和电信公司,软件服务公司将进军m-wallet市场。印度极具竞争力和高度分散m-wallet市场会看到更多合作m-wallet公司和几个实体之间发生像餐馆、杂货店、机票预订网站。
手机钱包很快就会提供即时对短期贷款客户,报告补充说。然而,这项研究建议印度储备银行应该放松当前的政策,允许现金取款的半封闭的钱包而宽松的规则银行许可促进m-wallets。
该研究还指出,尽管年轻的互联网用户更喜欢和手机银行相对于传统交易,消费者的心态是最大的因素,阻碍了印度m-wallet市场的增长,因为他们更怀疑的安全性和网上银行的安全问题。
减少网络由于广泛的竞争,价格便宜的智能手机,4 g和等新技术的发展demonetisation将导致的市场价值m-wallets Rs 275万亿到2022年,这项研究建议。
报告提到,零售业的平均钱包花是Rs 500 - 700之前demonetisation Rs 2000 - 10000年预计将增加。手机钱包的份额在移动支付总额交易预计将从2016年的20%上升到2022年的57%。
报告说,2016年总m-wallet事务是06亿,预计到2022年达到2600亿,以163%的复合年增长率增长。电子钱包的现金,人们保持增长1000%,平均交易数量也上升demonetisation以来从3到18。
“所有的小型和大型商家,街道居民已经开始接受手机钱包支付后demonetisation移动,”该报告称。
印度m-wallet市场在2016年大约是Rs 15.4亿年预计增长196%的复合年增长率在2017年到2022年,达到1.512万亿卢比到2022年底,这项研究建议。
这个研究的发现表明,在印度支付的交易总额是29亿,预计2016年到2022年之间增长132%的复合年增长率达到大约4600亿到2022年底。
整体移动支付可能2016年到2022年之间增长150%的复合年增长率达到2205万亿卢比。
报告还说,在银行和电信公司,软件服务公司将进军m-wallet市场。印度极具竞争力和高度分散m-wallet市场会看到更多合作m-wallet公司和几个实体之间发生像餐馆、杂货店、机票预订网站。
手机钱包很快就会提供即时对短期贷款客户,报告补充说。然而,这项研究建议印度储备银行应该放松当前的政策,允许现金取款的半封闭的钱包而宽松的规则银行许可促进m-wallets。
该研究还指出,尽管年轻的互联网用户更喜欢和手机银行相对于传统交易,消费者的心态是最大的因素,阻碍了印度m-wallet市场的增长,因为他们更怀疑的安全性和网上银行的安全问题。
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