Mobile wallet transactions to touch ~32 lakh crore by 2022: Deloitte

The mobile wallet industry is expected to maintain the pace of its current expansion with transaction volume expected to touch 32 billion by 2022, said a report. Value of the transactions is also expected to reach ~32 lakh crore by 2021, growing at a rate of 126 per cent, said the report by consultancy Deloitte. The volume growth is likely to be at a compounded rate of 94 per cent. With the penetration of mobile Internet, ease of use and convenience, are expected to continue growing in popularity.