Usage of mobile and digital wallets soared following the phasing out of Rs 500 and Rs 1000 notes from circulation. Paytm saw a surge of usage across all its metrics. Here are Paytm's numbers on day 2 of the demonetization: Traffic Increase: 7x increase in traffic App Downloads: 3x increase in new App installs overall Add Money: 30% increase on yesterday's base which was 10X higher than average Offline Payment Transaction Increase: Overall increase is now 5X of average Overall Transactions: 3X of average Transaction Rs Value: Continues to be 200% of average ticket size even on day 2 Saved Card: Paytm has now added 1mn new saved cards in last 2 days Last we checked, Paytm said that it had 140 million users and had 75-90 million monthly transactions. It also has over 5 lakh offline merchants. Meanwhile, MobiKwik said that it saw a whopping 2000% increase in add money and transaction value. - MobiKwik's average ticket size for offline transactions rose to Rs 3000 yesterday from Rs 1300-1500 yesterday. - Merchants such as Lemontree, Makemytrip, IndiGo, cleartrip and Yatra saw a surge of 300% in transactions, coupled with Big Bazaar, Grofers, Big Basket etc. - Although there is no clarity from whether wallets can accept the old denominations, MobiKiwk added that 10% of its user base prefers cash pick up. - It will also be introducing wallet-on-delivery as a payment option to boost usage. Freecharge reported a sharp 12X overnight jump in the average wallet balance as consumers loaded up their…
