Types of e-wallet :
1) Open loop wallet (PayTm, Freecharge)
2) Closed loop wallet (OlaMoney, m-Pesa)
3) Private label wallet (BookMyShow)
Repercussions of Demonetisation
• With demonetisation, both Paytm and Mobikwik have seen a record hit in payment transactions. Paytm says it hit 5 million payment transactions a day, 700 percent increase in traffic 3x growth in downloads. This adds up to around Rs 24,000 crore.
• MobiKwik claims to have seen an 18X increase in overall transactions, and over 2000 percent increase in transaction value.
• OlaMoney witnessed over 1500 percent increase in recharges
• RazorPay had over 150% increase
References
http://indiatoday.intoday.in/story/local-vendors-e-wallets-mobile-payments/1/810823.html
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About the Author:
Niteen Bali is a graduate of NIT Karnataka, Surathkal. Post which he got into IIM Calcutta. He believes in the philosophy of Batman and Chandler is his god. He also believes in short bios.
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