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In the midst of all the chaos in the country due to demonetisation, more and more people prefer to use e-cash through digital wallets. The leading players have seen a sudden surge in their user base since PM addressed the nation announcing the invalidation of Rs 500 and 1000 notes. These digital wallets by apps like Paytm, frecharge and mobikwik among others, provide the provision to pay at petrol pumps, chemist, phone recharge, grocery stores, parking, shopping, traveling through bus, auto and taxis and much more.
Though there are many players in the market but Paytm may move slightly ahead of all with the launch of its app based POS (Point Of Sale). India has 1 POS machine for every 1785 people. With POS app integrated into phones, it can reduce the number to...