India's Mobile Payments Market at a Glance: policy thrust, competitive stalemate, huge potential:- www.deekpay.com

　　Based on the above, the Indian mobile payment market has the following characteristics:

　　1. India has a large population but low bank account coverage and a huge potential for the mobile payments market.

　　2. India has a slow Internet but a fast growing mobile Internet, a large young population and a rapidly growing mobile payment market.

　　3. The Government of India has strongly supported the development of mobile payments by introducing measures such as Payments Bank, BHIM wallet, National Payment QR Code, etc.

　　4. The Indian mobile payments market is highly competitive, with companies such as Paytm, Freecharge, Mobikwik and others holding major market shares.

　　5. The Indian mobile payment market faces challenges such as difficulty in changing user payment habits and poor infrastructure.

　　6. India's mobile payment market has huge room for development and is expected to become one of the largest mobile payment markets in the world in the future.