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.
