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The era of a cashless future: Mobile Wallet

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The era of a cashless future: Mobile Wallet

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  1. Mobile Wallet & Its Usage The era of a cashless future

  2. 3.1 930 MILLION MILLION PEOPLE WITH BANK ACCOUNTS MOBILE SUBSCRIBERS

  3. NEED OF MOBILE PAYMENT Increase in mobile subscribers Increase in internet users Increase in E commerce transaction Saving cost on printing currency notes Fast, inexpensive, safe & secure, accessible Ease of transaction Simple & easy to use 24-hour, 365-day availability

  4. RECENT STATISTICS/DATA 1.21 BILLION TOTAL INDIAN POPULATION 930 MILLION MOBILE SUBSCRIBERS 185 MILLION MOBILE WITH INTERNET USERS IN INDIA 117 MILLION SMARTPHONE USERS IN INDIA

  5. USAGE OF SMART PHONES IN INDIA Users made a purchase via phone Users search for content via phone Users search for products via phone Users do banking or financial activity via phone Users log on to social media platform

  6. INTRODUCING MOBILE WALLET MOBILE WALLET Mobile Wallet is an advance alternative to your physical wallet. It acts as the point of interaction for various types of contactless payments. It can be either in the form of a feature/functionality over your mobile phone dedicated to store information of your debit/credit cards or it can be an App that takes in your payment information and pay your bills for certain services or to allowservice providers.

  7. MOBILE WALLET USAGE 78% 56% 58% for Banking activities for Ticket management for Coupon redemptions 60% 41% 20% for Location based deals for Comparison shopping for Electronic receipts

  8. MOBILE WALLET USAGE

  9. Ruplee is the Smart New Age Way to Pay. Now you can pay at all your favorite restaurants directly with your phone! Leave your credit cards and cash behind. Ruplee is very secure to use as all your credit/debit card data is safely stored and encrypted.

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