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India Mobile Wallet Market By Application (Money Transfer, Recharge, Taxi Booking, Utility Payment, Movie Tickets, Train, Online Food Ordering and Others), Competition Forecast and Opportunities, 2013-2024

  • ID: 4759321
  • Report
  • Region: India
  • 89 pages
  • TechSci Research
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India Mobile Wallet Market is Projected to Grow from Around $16 Billion in 2018 to $184 Billion by 2024

FEATURED COMPANIES

  • PhonePe Private Limited
  • Vodafone m-pesa Limited
  • MORE
The Indian mobile wallet market is projected to grow from around $ 16 billion in 2018 to $ 184 billion by 2024, exhibiting growth at a staggering CAGR of 44% during 2019 - 2024. Anticipated growth in the market can be attributed to growing smartphone user base and rising internet penetration across the country. Moreover, various e-commerce companies are now increasingly accepting mobile wallets for convenience of their customers, which is positively influencing the country’s mobile wallet market. Among applications of mobile wallets, money transfer dominates the Indian mobile wallet market as there is high volume of peer to peer and peer to bank transfers. However, online food ordering is anticipated to grow at the fastest pace during forecast period as people find it easier to order food online rather than standing in queue.

Years Considered for this Report:

Historical Years: 2013-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:
  • To define, segment, describe and forecast the Indian mobile wallet market on the basis of Application and Company.
  • To analyze and forecast the Indian mobile wallet market size.
  • To scrutinize the detailed market segmentation and forecast the market size, in terms of value of transactions, on the basis of application by segmenting the Indian mobile wallet market various applications, namely, Money Transfer, Recharge, Taxi Booking, Utility Payment, Online Food Ordering, Movie Tickets, Train Tickets and Others.
  • To identify drivers and challenges for the Indian mobile wallet market.
  • To analyze and forecast the market share, in terms of value, for the Indian mobile wallet market with respect to Application and Company.
  • To strategically profile leading players in the market which are driving innovation and technological advancements in the Indian mobile wallet market.
Key Players in the Indian mobile wallet market are Paytm Payments Bank Limited, One MobiKwik Systems Private Limited, Oxigen Services (India) Private Limited, Freecharge Payment Technologies Private Limited, PhonePe Private Limited, Vodafone m-pesa Limited, Airtel Payments Bank Limited, Amazon Pay (India) Private Limited, PayU Payments Private Limited and My Mobile Payments Limited. The market is fragmented due to presence of a large number of small mobile wallet operating companies in the Indian mobile wallet market.

The author performed both primary as well as exhaustive secondary research for this study. Initially, the author sourced a list of mobile wallet providers operating in India. Subsequently, the author conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. The author further analyzed the product offerings or variants and regional presence of major India mobile wallet providers.

The author calculated the Indian mobile wallet market size using a bottom-up approach, where data for different components for standard applications was recorded and forecast for the future years. The author sourced these values from industry experts and company representatives and these were externally validated through analyzing historical data of the Indian mobile wallet market to arrive at the overall market size. Various secondary sources such as secondary company websites, company annual reports, press releases, white papers, investor presentations and financial reports were also studied by the author.

Key Target Audience:
  • Mobile wallet solution providers and other stakeholders
  • Associations, organizations, forums and alliances associated with the mobile wallet market
  • Government bodies such as regulating authorities and policy makers
  • Applications of mobile wallet which include Money Transfer, Recharges, Taxi Booking, Utility Payments, Movie Tickets and others.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as India mobile wallet providers, companies, customers and policy makers, about which market segment should be targeted in the coming years in order to strategize investments and capitalize on the growth of the market segment.

Report Scope:

In this report, the Indian mobile wallet market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

Market, by Application:
  • Money Transfer
  • Recharge
  • Utility Payment
  • Taxi Bookings
  • Online Food Ordering
  • Movie Tickets
  • Train Tickets
  • Others
Market, by Company:
  • Paytm Payments Bank Limited
  • One MobiKwik Systems Private Limited
  • Oxigen Services (India) Private Limited
  • Freecharge Payment Technologies Private Limited
  • Others
Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in the Indian mobile wallet market.

Available Customizations:

With the given market data, the author offers customization according to a company’s specific needs. The following customization options are available for the report:

Customer Profiling
  • Detailed analysis and profiling of additional market players (up to five)
*Note - Custom Research License:

10% specific customization is available free of any additional cost, for both the single user and enterprise license, as above. However, alternatively, if you are looking for additional content data or insight related to the scope of the report, you may purchase the new “Custom Research License”. Please enquire for pricing.

The custom research will be delivered in printable PDF format along with the report’s data excel sheet. This license offers 80 analyst hours. It is strongly recommended for an organization which wants to execute short ‘bespoke’ research projects related to the scope of the purchased report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • PhonePe Private Limited
  • Vodafone m-pesa Limited
  • MORE
1. Product Overview

2. Research Methodology

3. Analyst View

4. Voice of Customer
4.1. Age Group Distribution
4.2. Gender Distribution
4.3. Occupation Distribution
4.4. Annual Household Income Distribution
4.5. Mobile Wallet Users vs Non-Users Distribution
4.6. Wallet Recall
4.7. Wallet Awareness
4.8. Existing/Currently Used Wallet
4.9. Download History
4.10. Delete History
4.11. Reason to Delete Mobile Wallet App(s)
4.12. Factor Influenced to Use Mobile Wallet
4.13. Satisfaction Level of Customers
4.14. Purpose of Using Mobile Wallet
4.15. Source of Information
4.16. Motivating Factors
4.17. Challenges
4.18. Average Monthly Transaction
4.19. Best Intra Wallet Navigation

5. Global Mobile Wallet Market Overview

6. India Mobile Wallet Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume of Transaction
6.2. Market Share & Forecast
6.2.1. By Application (Money Transfer, Recharge, Taxi Booking, Utility Payments, Movie Tickets, Train, Online Food Ordering & Others)
6.2.2. By Company

7. Mobile Payment Models
7.1. Bank Centric Model
7.2. Operator Centric Model
7.3. Peer to Peer Model
7.4. The Collaborative Model

8. Market Dynamics
8.1. Impact Analysis
8.2. Drivers
8.3. Challenges

9. Market Trends & Developments

10. Policy & Regulatory Landscape

11. India Economic Profile

12. Product Benchmarking

13. Competitive Landscape
13.1. Competitive Benchmarking
13.2. Company Profiles
13.2.1. Paytm Payments Bank Limited
13.2.2. One MobiKwik Systems Private Limited
13.2.3. Oxigen Services (India) Private Limited
13.2.4. Freecharge Payment Technologies Private Limited
13.2.5. PhonePe Private Limited
13.2.6. Vodafone m-pesa Limited
13.2.7. Airtel Payments Bank Limited
13.2.8. Amazon Pay (India) Private Limited
13.2.9. PayU Payments Private Limited
13.2.10. My Mobile Payments Limited

14. Strategic Recommendations

*Full List of Figures and Tables Available on Enquiry.
Note: Product cover images may vary from those shown
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  • Paytm Payments Bank Limited
  • One MobiKwik Systems Private Limited
  • Oxigen Services (India) Private Limited
  • Freecharge Payment Technologies Private Limited
  • PhonePe Private Limited
  • Vodafone m-pesa Limited
  • Airtel Payments Bank Limited
  • Amazon Pay (India) Private Limited
  • PayU Payments Private Limited
  • My Mobile Payments Limited
Note: Product cover images may vary from those shown
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