International

Service with 59.2 M Mobile Users In India

The immediate payment service of India, launched in 2010, reached 59.2M mobile users in April 2014 (+19.3% y-o-y growth). 60 banks have already signed for the service while 71.22% of mobile users came from top five banks. The amount of transactions saw an 8.5x increase from April 2013, while transaction volume was 12.2 times higher. The average transaction increased 38% y-o-y. Some of the metrics saw a growth deceleration compared with previous month.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

Click to comment

TRENDING RIGHT NOW

To Top