M-Wallet Market in India,India M-Wallet Industry Size,M-Wallet Companies in India,M-Wallet Service Providers in India : Ken Research

How m-pos market is positioned in
india?
• Acceptance of mPoS in the initial stage was dependent up on the price offering as
several merchants who wanted to offer their customers another choice of
payment method did not want to invest in costly traditional PoS terminals and
therefore preferred to acquire mPoS devices. In terms of number of device
installations, India mPoS market was evaluated at ~ thousand in as of 31st March
2013. India’s techno savvy population and a favorable demographic dividend were
the two major factors which induced positive growth of mPoS in tier 1 and tier 2
cities in India. A growing number of MSME’s and even some large merchants
started to took a note of mPoS, with early adopters preferring a tablet-based mPoS
implementation as a complement to traditional PoS or, in some cases, as a
replacement for cash registers. India mPoS market increased to ~ thousand device
installations as of 31st March 2018, thus growing at a five year CAGR of ~% over
the review period FY’2013-FY’2018.
• The total number of inactive terminals is observed to be higher in Tier-3 cities with
micro merchants having the largest share in inactive terminals. On the other hand,
active terminals are dominated by large enterprises and SMEs, who are present in
Tier-1 and Tier-2 cities in India.