Yes, we realize that we don’t currently do business in India. But we are always fascinated by reports of what tech is getting a foothold in other countries.
And in the land of the un-banked and underbanked, such as India, China, Africa, and other developing areas, mobile wallets are rapidly rising to the top of the apps that are most popular and most used.
“Mobile wallets have already surpassed credit cards in terms of the number of users. Over 90% of transactions on FreeCharge are already from mobile! We are witnessing a drastic shift in consumer behaviour and believe that the digital wallet will transform not just payments, but commerce by connecting consumers and merchants in one click,” adds Rajan.