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India Mobile Wallet Market Forecast and Opportunities, 2020

  • September 2015
  • -
  • TechSci Research
  • -
  • 88 pages

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.

According to “India Mobile Wallet Market Forecast & Opportunities, 2020”, the mobile wallet market in India is forecast to reach US$ 6.6 billion by 2020. Growing awareness regarding the benefits of mobile wallets, rising smartphone and mobile internet penetration rates, and increasing security measures are expected to drive growth in India mobile wallet market. In 2014, Tier-I cities such as Delhi, Mumbai, Kolkata, Bangalore, Pune, etc., registered the highest number of mobile wallet users in the country, while Tier II cities such as Jaipur, Lucknow, Chandigarh, Indore, Patna, etc. are emerging cities in terms of mobile wallet usage. Banking accounted for the largest end user sector in the country’s mobile wallet market in 2014, followed by retail, telecom and transportation sectors. Few of the leading companies operating in India mobile wallet market include One97 Communication Pvt. Ltd., MobiKwik and ItzCash. “India Mobile Wallet Market Forecast & Opportunities, 2020” discusses the following aspects of Mobile Wallet Market in India:

- 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.

Table Of Contents

India Mobile Wallet Market Forecast and Opportunities, 2020
1. Report Methodology
2. Analyst View
3. Product Overview
4. Global Mobile Wallet Market Overview
5. India Mobile Wallet Market Outlook
5.1. Market Size and Forecast
5.1.1. By Value
5.1.2. By Number of Transactions
5.2. Market Share and Forecast
5.2.1. By End User
5.2.2. By Application
5.2.3. By Region
5.2.4. By Company
6. India Mobile Wallet End User Market Outlook
6.1. Banking
6.1.1. Market Size and Forecast
6.1.1.1. By Value
6.1.2. Market Share and Forecast
6.1.2.1. By Region
6.2. Retail
6.2.1. Market Size and Forecast
6.2.1.1. By Value
6.2.2. Market Share and Forecast
6.2.2.1. By Region
6.3. Telecom
6.3.1. Market Size and Forecast
6.3.1.1. By Value
6.3.2. Market Share and Forecast
6.3.2.1. By Region
6.4. Transportation
6.4.1. Market Size and Forecast
6.4.1.1. By Value
6.4.2. Market Share and Forecast
6.4.2.1. By Region
7. India Mobile Wallet Application Market Outlook
7.1. India Mobile Wallet Money Transfer Market Size
7.1.1. By Value
7.2. India Mobile Wallet Mobile Recharge and Bill Payments Market Size
7.2.1. By Value
7.3. India Mobile Wallet Utilities Market Size
7.3.1. By Value
8. India Mobile Wallet Payment Models
8.1. Bank Centric Model
8.2. Operator Centric Model
8.3. Peer to Peer Model
8.4. The Collaborative Model
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends and Developments
10.1. Rising Acceptance of Prepaid Payment Instruments (PPIs)
10.2. Increasing Participation of BFSI and Telecom Sectors
10.3. Companies Provide Attractive Offers on M-Wallet Usage
10.4. Growing Penetration of Mobile Value Added Services to Drive Mobile Wallet Market
10.5. Increasing Advertising Expenditure
11. Policy and Regulatory Landscape
12. India Economy Profile
13. Competitive Landscape
13.1. Competitive Benchmarking
13.2. Company Profiles
13.2.1. One97 Communication Limited (Paytm)
13.2.2. One MobiKwik Systems Pvt. Ltd.
13.2.3. ItzCash Card Ltd.
13.2.4. Oxigen Services (India) Pvt. Ltd.
13.2.5. MMP Mobi Wallet Payment Systems Ltd.
13.2.6. Citrus Payment Solutions Pvt. Ltd.
13.2.7. Airtel M Commerce Services Ltd.
13.2.8. Vodafone M-Pesa Limited
13.2.9. Y-Cash Software Solutions Private Limited
13.2.10. My Mobile Payments Limited
14. Voice of Customers
15. Strategic Recommendations


List of Figures

Figure 1: India Mobile Wallet Market Size, By Value, 2012-2020F (USD Billion)
Figure 2: India Mobile Wallet Market Size, By Number of Transactions, 2012-2020F (In Million)
Figure 3: India E-Commerce Market Size, By Value, 2010-2020F (USD Billion)
Figure 4: India Mobile Wallet Market Share, By End User, By Value, 2014
Figure 5: India Mobile Wallet Market Share, By End User, By Value, 2020F
Figure 6: India Mobile Wallet Market Share, By Application, By Value, 2014
Figure 7: India Mobile Wallet Market Share, By Application, By Value, 2020F
Figure 8: India Mobile Wallet Market Share, By Region, By Value, 2014 and 2020F
Figure 9: India Mobile Wallet Market Share, By Company, By Number of Transactions, 2014 and 2020F
Figure 10: India Banking Mobile Wallet Market Size, By Value, 2012-2020F (USD Billion)
Figure 11: India Banking Mobile Wallet Market Share, By Region, By Value, 2014 and 2020F
Figure 12: India Retail Mobile Wallet Market Size, By Value, 2012-2020F (USD Billion)
Figure 13: India Retail Mobile Wallet Market Share, By Region, By Value, 2014 and 2020F
Figure 14: India Telecom Mobile Wallet Market Size, By Value, 2012-2020F (USD Billion)
Figure 15: India Telecom Mobile Wallet Market Share, By Region, By Value, 2014 and 2020F
Figure 16: India Wireless Subscribers, By Region, As of June 2015 (In Million)
Figure 17: India Transportation Mobile Wallet Market Size, By Value, 2012-2020F (USD Billion)
Figure 18: India Transportation Mobile Wallet Market Share, By Region, By Value, 2014 and 2020F
Figure 19: India Mobile Wallet Money Transfer Market Size, By Value, 2012-2020F (USD Billion)
Figure 20: India Mobile Wallet Mobile Recharge and Bill Payments Market Size, By Value, 2012-2020F (USD Billion)
Figure 21: India Mobile Wallet Utilities Market Size, By Value, 2012-2020F (USD Billion)
Figure 22: India Number of Smartphone Users, 2010-2015E (In Million)
Figure 23: India Number of Mobile Internet Users, 2010-2015E (In Million)
Figure 24: Number of Cyber Crimes Registered in India, 2011-2014
Figure 25: India Cyber Security Budget Allocation and Utilization, 2007-2014 (USD Million)
Figure 26: India Prepaid Payment Instruments (PPIs), By Value, 2012-2014 (USD Billion)
Figure 27: India Mobile Value Added Services Market Size, By Value, 2010-2015E (USD Billion)

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