Apr, 2017 | By Anil Kumar , Ujjwal Chaudhry
Indian Mobile Wallets Market
Mobile wallet transaction volume has continued to expand significantly as user base continues to expand
Anil Kumar
CEO
Ujjwal Chaudhry
Associate Director
- A comprehensive performance review of the Mobile Wallet market
- Assessed through a regularly tracked set of performance indicators
- performance indicator
What is in this report?
Five Key Dimensions for Assessing Sector Performance
Indian Mobile Wallets Market Q1-CY17- Executive Summary
Q1-CY17 carried forward the momentum of Q4'16 as the effect of demonetization continued to surge ahead for the mobile wallet market
Sector Assessment Scorecard: Q1-CY17 Performance
Mobile wallet transaction volume has continued to expand significantly as user base continues to expand
As people have adopted mobile wallets for everyday transactions, Average Transaction value decreased despite growth in overall Transaction Value
Even though daily mobile wallet usage declined with increased cash supply, sellers retained their wallet habit...
... which resulted in higher seller satisfaction with Ease of Usage and Payment Options
However, Commission and Seller Support remain concern areas for sellers
Overall Seller NPS increased as a significant portion of sellers' daily transaction has permanently shifted to mobile wallets
Despite a significant user base gain, individual customers are shifting back to cash transactions
With utilities segemnt having the highest usage of wallets for payments
With this larger and more diverse customer base, satisfaction with user experience has a taken a hit...
... however, wallets have improved on the core value proposition of making daily payments easier for customers
Overall customer NPS declined as wallet players reduced cashbacks and have struggled to meet user experience expectations
List of Paid Reports on Wallets– Q1 CY17
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