Expect Many New Digital Wallets in India in the Next 3 to 6 Months

Accordingly to our credible sources, it has come to light that some major influencers (digital stars) in the Indian market may be coming up with their own digital (and mobile) wallet systems. There are already some known players in the market who have established digital wallets for consumer usage, but now some e-commerce players and online/mobile ticketing players are also delving into the digital wallet arena. As an overall trend, it's great as the digitization (and mobility) of money can make things very convenient for the consumer to buy goods online and in the stores. Key stakeholders from the central bank (RBI) and entities such as NPCI have been highly focused on reducing dependency on cash, on digital money initiatives, and

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