Premium
Premium statistics

Industry-specific and extensively researched technical data (partially from exclusive partnerships).

A paid subscription is required for full access.

Market share of mobile wallets in India - by service 2017

Distribution of the mobile wallet market across India in FY 2017, by service type

by Statista Research Department, last edited Dec 27, 2016
Market share of mobile wallets in India - by service 2017 In fiscal year 2017, money transfers accounted for the largest share of mobile wallet use, with recharge and payment related services coming in second. The banking sector in India is increasingly adopting digital practices and fintech systems. As of 2017, there were over 976 million payments made with mobile banking systems in the country, amounting to a value of over 13 trillion Indian rupees.
“Indian banking takes a digital turn”

For a cash-driven economy like India’s, the first major shift towards e-banking began in the early 1990s with the introduction of Electronic Fund Transfers (EFTs). Ever since, the banking industry has rapidly embraced new technologies and in turn, customers have latched on to this growth as well. Adoption of digital payments systems like Paytm and RuPay along with e-wallets has been growing steadily in not only urban areas but also in rural parts of the country.

“Climbing the global ladder”

In 2018, the global payments maturity and readiness index ranked India ahead of the United States in its innovation readiness score. At the same time, the fintech sector in the country has also been booming over the last five years with more investments flowing in. All of these factors point to a positive trend in terms of digital growth and adoption in India’s banking sector.
Show more

Distribution of the mobile wallet market across India in FY 2017, by service type

Statista Accounts: Access All Statistics. Starting from $588 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$49 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Leading companies trust Statista:
paypalgoogleadobepgsamsungtelekom
I think of Statista as Google for researchers. Statista provides you with the information you search for right away.
Dr. Horst Stipp

Dr. Horst Stipp
EVP, Research & Innovation, Advertising Research Foundation

Statistics on "Mobile payment usage worldwide"
  • Mobile payment usage
The most important statistics
  • Mobile payment providers
  • Mobile payment market
Discover Statista
Need help with using Statista for your research? Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Learn more about how Statista can support your business.
Do you have any questions about our business solutions?

We provide you with detailed information about our Corporate Account.