The Republic of India is a country in South Asia. It is the seventh-largest country by area and the second-most populous country. Link to external site : Website for India |  |
| Wallets | |
| Development | Secondary Emerging |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
1,176,890.25 Register/Log In |
| HDI classification | Medium |
| Mobile Connections (m) |
953.100 Upgrade to Bronze |
| Currency | INR |
| Class | |
| CountryISO | IN |
| Sovereignity | Country |
| Territory of | - NA - |
{"type":"GeoChart","data":[["Country","Population(m)","Rank"],["IN",1214.464,2]],"options":{"title":"Countries","region":"IN","displayMode":"regions","colorAxis":{"minValue":0,"maxValue":1500,"colors":["yellow","green","red"]}}}
{"type":"PieChart","data":[["Operator","Connections"],["Airtel (Bharti Airtel) - Global",182506773],["Reliance Communications",156004683],["Vodafone (Vodafone Essar)",155003535],["Tata Teleservices",110003864],["Idea Cellular",101999961],["Rest ( 10 )",247580751]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",3007970],["Q4 2001",5456906],["Q4 2002",10649477],["Q4 2003",28402884],["Q4 2004",47875735],["Q4 2005",75943929],["Q4 2006",144792800],["Q4 2007",233625034],["Q4 2008",346893808],["Q4 2009",525147922],["Q4 2010",738075314],["Q4 2011",907545977],["Q4 2012",1038075745],["Q4 2013",1134847549],["Q4 2014",1203092903]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["ATM",1],["Agent",6],["Email",1],["Location",4],["Mobile",29],["Online",1],["Store",1],["Web",12],["mobile",1]],"options":{"title":"Initiatives ( 36 of 36 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",7],["Bank",12],["MNO",9],["Network",1],["PSP",6],["Scheme",1],["TechWeb",1],["Vendor",4]],"options":{"title":"Initiatives ( 36 of 36 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["BB",5],["DN",2],["DW",1],["MB",1],["MM",2],["MP",5],["MPOS",2],["MT",3],["MW",6],["OP",2],["OT",2],["PC",5]],"options":{"title":"Initiatives ( 36 of 36 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["AT",12],["Alerts",1],["BB",2],["BP",15],["CICO",2],["COD",1],["Card",7],["D2B",1],["DAT",4],["DMT",11],["DW",7],["IMT",4],["IP",1],["LP",4],["MB",7],["MFI",2],["MM",5],["MP",21],["MPOS",2],["MT",1],["MW",2],["OP",8],["PC",5],["Social",1],["Trade",3],["Transport",4],["WhiteLabel",2]],"options":{"title":"Initiatives ( 36 of 36 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",1],["Account",8],["BBAccount",1],["Bank",1],["COD",1],["Card",17],["Cash",13],["DW",1],["PC",3],["Wallet",14]],"options":{"title":"Initiatives ( 36 of 36 )"}} |
| Central Bank | |
| Key Regulations |
New enabling regulations Upgrade to Bronze |
| Type of law |
Common Upgrade to Bronze |
| Legal System |
Common law system based on the English model; separate personal law codes apply to Muslims, Christians, and Hindus; judicial review of legislative acts Upgrade to Bronze |
| Law is based on |
Based on English common law except Goa which follows Civil Law based on Portugese Civil Law Upgrade to Bronze |
| Approach |
Ex Ante Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity |
Allowed Upgrade to Bronze |
| Certainty | |
| Openness |
Medium Upgrade to Bronze |
| Proportionate? | |
| Allowed Models |
NB Led Upgrade to Bronze |
| DominantModel |
Bank Led Upgrade to Bronze |
| E-Money |
From 2009 guidelines provide options for issuance of prepaid products by non banks. Upgrade to Bronze |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",49.73],["Banked",48],["Internet",18],["Urban",29],["Adult",68],["Literate",66.0183]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 1,214.46 |
| Adult % | 68.00 |
| Migrants % |
1.00 Register/Log In |
| Stock Immigrants ('000) |
5,436.00 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) |
42,300.00 Upgrade to Bronze |
| Internal Migration Rate % | |
| Intl Movement Rate % | |
| Urban % | 29.00 |
| Female % | 48.60 |
| Literate % | 66.02 |
| Annual Growth % |
-1.00 Upgrade to Bronze |
| Mobile Penetration % | 49.73 |
| Banked % | 48.00 |
| Access to FS % | 48.00 |
| Internet % | 18.00 |
| Branches per 100k adults | 32.52 |
| ATMs per 100k adults | 3.55 |
| POS per 100k adults | 0.00 |
| Prepaid % | 95.70 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 314.06 |
| Monthly ARPU | |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Rapid Growth Upgrade to Bronze |
| Registered Wallet Users |
26,000,000 Upgrade to Bronze |
| Top Wallets |
SBI, Fino, Airtel Upgrade to Bronze |
| Informal Market | |
| Cost To Remit | |
| Key Players |
SBI, India Post Upgrade to Bronze |