2014 has been a significant year for digital payments industry and has seen a number of developments emerging in the wallet space and its increased adoption. Here are some of the trends we've observed Top developments Increased usage of mobile wallets: A number of players have seen that payments have shifted on mobile devices and adoption is on the rise. Amit Lakhotia head of digital payments at Paytm points out that about 60-70% of transactions have happened on mobile and points out one of the reasons for this is that net banking pages for banks have not been optimized for the mobile devices and due to the high mobile penetration in India, many people's first internet experience has been on mobile. Paytm launched its digital wallet in January 2014 and have about 18 million wallets in India and the company…
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