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

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.

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.

Sign Up for NextBigWhat Newsletter

Daily.

You May Also Like

Alcatel Launches ICE3 Mobile in India

Alcatel Mobile, in association with ICE Mobile Network Systems Limited has launched ICE3 mobile phone in the Indian market. ICE3 is a feature rich stylishly designed mobile handset clubbed with…