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Bank wallets growing faster than e-wallets

Bank wallets growing faster than e-wallets

Saturday, March 18, 2017, 11:44 AM

In the bank versus e-wallets sweepstakes, lenders have now gained lost ground. As of February, the number of transactions put across through e-wallets has dropped 10% month-on-month in February, while banks have gained 20% in the same period, over a larger base. The RBI data shows that eight e-wallets, including Paytm, Mobikwik, Freecharge, saw a loss in their market share.
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