Survey: India now has a higher percentage of citizens with a mobile wallet than China

Mobile wallet is gradually displacing cash in India, says GlobalData — GlobalData — “India is one of the top markets globally in terms of mobile wallet adoption with 55.4% survey respondents indicating that they have a mobile wallet and use it. India is followed by China and Denmark… Mobile wallet transactions grew manifold in last five years, rising from R24bn (US$370.6m) in 2013 to R955bn ($14.74bn) in 2017, and will surpass R1tn ($15.44bn) mark in early 2018.”

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