Digital Wallets: Current and Future Use for Healthcare Payments in India

March 24, 2022

The digital wallet market size was valued at USD 1,043.1 billion globally in 2019 and is projected to reach about USD 7,580 billion by 2027, growing at a Compounded Annual Growth Rate (CAGR) of 28.2% from 2020 to 2027.

Also in 2019, India had 73.9 million people using digital wallets. The estimated value of mobile transactions across India in 2020 was INR 36.5 trillion, the equivalent of USD 4.9 trillion. The value is expected to more than triple by 2024.

The increasing prevalence of the internet and smartphones and targeted government initiatives has spurred growth in digital payments in India.

Click here to read the full blog post on Fintech for Health.

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Josephine Gurch

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Josephine Gurch is a writer and editor. Her most recent work in health communications calls attention to the adverse conditions that impact the health of historically marginalized populations. After splitting her formative years between three continents, she went on to pursue a B.A. in International Relations and Global Studies and write for advocacy groups, newspapers, and magazines. Although her work and research experiences span numerous disciplines and issue areas, she continuously seeks to build narratives that resonate across cultural and geographic boundaries.

Digital Wallets: Current and Future Use for Healthcare Payments in India

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