History of Digital Wallets in India.
by SMEBOOK (admin) · November 4, 2020
Oxigen Wallet considered as the first ever e-wallet or mobile wallet launched in India. The Oxigen wallet launched in July 2004. Later Wallet365.com was launched in 2006 by media firm Times Group in association with YES Bank. Both these wallets failed to gain much popularity. In 2009, Mobikwik was launched which marked the onset of digital transactions in India. Later, Paytm, Google Pay, Amazon Pay, Airtel money all captured the Indian digital wallet market and by 2018, almost 8% of Indian population is using these digital wallets for payments.