Growth Drivers and Trends of E-wallets in India

Abstract

The present paper is an endeavour to underline the technology led revolution in online payments with the advent of e wallets in India. The key focus of the present paper is on highlighting the growth factors and trends regarding use of e wallets in India. In order to make India a rising international player for sustainable market development, financial inclusion of the rural population will be decisive. E-wallet possesses the prospective as a largest player for making e- transactions in India. However, to enhance the popularity and usage of e wallets, there are certain pre requisites such as adequate infrastructure and comfortable user experience.