Mobile money usage grows in India; a report released by IMF says that from 13 accounts per 1,000 adults in 2014, there were 1,265 accounts per 1,000 adults in 2019; this shift is caused by Covid-19

https://www.financialexpress.com/economy/mobile-money-a-cs-imf-says-17-fold-jump-in-4-years-in-india/2125801/The International Monetary Fund (IMF) released the Financial Access Survey (FAS) 2020 report on Monday.

The IMF says that the ease of getting a new mobile connection combined with availability of cheap deals on the mobile platform, mobile market in India has seen the number of registered mobile money accounts rise since the last 5 years.