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Mobile wallet market
The mobile wallet market in India is growing rapidly by displacing traditional payments such as cash and cards. Payments through mobile wallets are anticipated to grow at a compound annual growth rate of 23.9% between 2023 and 2027 and reach Rs 472.6 trillion ($5.7 trillion) in 2027.
The growth of the mobile wallet market in India is creating a number of opportunities for businesses. Businesses can use mobile wallets to accept payments from customers, offer discounts and promotions, and improve customer loyalty.
While cash has traditionally been the most popular method of payment among Indians, its use is gradually on decline. This is mainly due to India’s concerted efforts to promote digital transactions, most prominent being Unified Payments Interface (UPI). Mobile wallets have benefitted the most from this push and have become the preferred choice for payments in India.
UPI has now become one of the most preferred methods for day-to-day payments. Launched by the National Payments Corporation of India (NPCI), UPI allows customers to integrate bank account with mobile payment solution and enables instant transfers between bank accounts using mobile number or QR code, making transactions quicker.
Today's Headline in NewsHours
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3:00 #IT Minister says WhatsApp cooperated in blocking numbers flagged by govt. using AI
3:30 #SBI Funds Management gets green signal from RBI to buy 9.99% stake in HDFC Bank
4:02 #Apple previewing software features that can let iPhone speak in voice of mute users
4:30 #Chennai Metro Rail launches WhatsApp e-tickets
4:58 Infosys wins $1.5 bn deal from BP for end-to-end application services
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NPCI is the 'Policy Change Agent of the Year' | ET Awards 2018
The National Payments Corporation of India (NPCI) stepped up to help when the government's Digital India programme was faced with a key challenge: How to move consumers from cash to digital modes of payment? Until then, the not-for-profit organisation owned by banks was known only for the RuPay cards it issued to Jan Dhan account holders. The distant competitor to Visa and Mastercard has since emerged the driving force of the country’s digital payments agenda.
By The Economic Times | 333 views
क्या हैं UPI के फायदे | Benefits of UPI | Unified Payment Interface | India Matters
क्या हैं UPI के फायदे |
What are the Benefits of UPI (Unified Payment Interface).
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PM Narendra Modi's Mann Ki Baat, February 2017
Text of PM Narendra Modi’s ‘Mann ki Baat’ programme on All India Radio on 26 February 2017 - http://nm-4.com/7qv0
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TWSB- Peter Thiel goes crypto, CCI trouble for Uber-Softbank deal and more | ET Rise
Paypal founder Peter Thiel is bullish on Bitcoins, Uber-Softbank deal may run foul of Competition Act of India, Union Budget 2018-19 may bring relief for startup community, all this and much more in This week's Startup Buzz (#TWSB).
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Watch TWSB- Peter Thiel goes crypto, CCI trouble for Uber-Softbank deal and more | ET Rise With HD QualityBy The Economic Times | 789 views
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Saiyami Kher on Ghoomer | Exclusive Interview | Crictracker
Saiyami Kher on Ghoomer | Exclusive Interview | Crictracker
The talented and gorgeous Saiyami Kher, who is making waves with her latest film Ghoomer. Plays the role of Anina Dixit, a cricketer who loses her right hand in an accident and makes a comeback as a one-handed bowler. The film, directed by R Balki and co-starring Abhishek Bachchan, has received rave reviews from critics and audiences alike.
Saiyami talks about her experience of working on Ghoomer, her preparation for the role, her passion for cricket, her friendship with Sachin Tendulkar and Rohit Sharma, and much more. She will also reveal some interesting facts about her personal and professional life, such as how she started modelling, why she turned down Zoya Akhtar's offer for Luck By Chance, how she impressed Roger Federer with her tennis skills, and what are her future projects.
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Saiyami Kher on Ghoomer | Exclusive Interview | CrictrackerBy CricTracker | 898 views
Petrol ki chori k Dauraan Pakde Jane par Ganjeti Ka hamla || Nawab sahab kunta || SACHNEWS
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Petrol ki chori k Dauraan Pakde Jane par Ganjeti Ka hamla || Nawab sahab kunta || SACHNEWSBy Sach News | 509 views
India - USA Trade Statistics
Comparative Trade Statistics for the Years 2013 & 2014
(Top 25 Products)Watch India - USA Trade Statistics With HD QualityBy Indian Trade Portal | 467746 views
The man behind the ICT's jerseys for Asian Games 2023
The man behind the ICT's jerseys for Asian Games 2023
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The man behind the ICT's jerseys for Asian Games 2023By CricTracker | 413 views
Robotic Process Automation is transforming businesses across the world
Robotic Process Automation enables users to create software robots, or #Bots, that can observe, mimic & execute repetitive, time consuming #Digital #business processes by studying human actions.
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Robotic Process Automation is transforming businesses across the worldBy CII | 207980 views
Jai Ram Thakur | CM Sukhu | Election 2024 |
Shimla. Leader of Opposition Jai Ram Thakur talking to journalists in Shimla.
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Best XI for the second week of Cricket World Cup 2023 | Best performers of ODI World Cup 2023
Best XI for the second week of Cricket World Cup 2023 | Best performers of ODI World Cup 2023
Check here the top performers of the second week of ODI World Cup 2023. Here are the top players who have given their best to ensure their teams win the World Cup
This content contains the Best players from the second week of the world cup 2023.
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Best XI for the second week of Cricket World Cup 2023 | Best performers of ODI World Cup 2023By CricTracker | 657 views