Recently, a research conducted by Orbis Research titled “Global Mobile Wallet Market describing the Product / Business Scope, Overview and outlook from 2017 to 2020” confirmed the growth of e-wallet companies in India. The report studied key players of the e-wallet industry namely Paytm, Mobikwik, MyAirtel, Oxigen, My Vodafone, Pockets by ICICI and more to conclude that demonetization in India has benefitted the digital market. These mobile wallets have been driven by increased usage of data services and the proliferating growth of e-commerce businesses. The convenience of payment and other benefits by digital wallets is expected to multiply exceptionally within the next 4 years.
Source: Market Research Gazette