FND (ASX) Bottom is “IN”

Originally posted by vin123: ↑

As per chatgpt. the market share for mobile payment services in India, particularly in the digital wallet and UPI payment sectors, can be broken down into several categories. The market dynamics are influenced by factors such as ease of use, UPI adoption, government policies, and brand popularity
Key Market Share Insights for 2023:
PhonePe:
Market Share: PhonePe is one of the top players in the Indian market. It has consistently maintained around 45% of the total UPI transaction volume in India.
User Base: PhonePe’s popularity is attributed to its seamless UPI integration and its wide acceptance in both online and offline payment channels.
Google Pay:
Market Share: Google Pay also holds a significant share, around 35% of UPI transactions.
User Base: Google Pay benefits from its integration with Google's ecosystem and its widespread usage for mobile recharges, bill payments, and online transactions.
Paytm:
Market Share: Paytm’s share of mobile wallet transactions (including both wallet and UPI) is around 15-20%, with a substantial chunk coming from its digital wallet and bill payment services.
User Base: Paytm is widely known for its mobile wallet services and remains a key player in India’s cashless ecosystem, especially in offline payments.
MobiKwik:
Market Share: MobiKwik’s market share is smaller compared to Paytm, PhonePe, and Google Pay, hovering around 2-4%. However, it is still one of the top digital wallets in India.
User Base: MobiKwik is known for its variety of services, including credit products and its presence in smaller towns and cities.
Airtel Money:
Market Share: Airtel Money has a relatively modest share, about 1-2%, due to its limited reach compared to other major players.
User Base: As part of Airtel's telecom ecosystem, it is commonly used for mobile recharges and bill payments, especially in rural areas.
Freecharge:
Market Share: Freecharge has seen a decline in its market share over time, with an approximate 1-2% of the mobile wallet market.
User Base: It continues to be used for mobile recharges, bill payments, and online purchases.
SBI Buddy:
Market Share: SBI Buddy’s market share is limited in the mobile wallet segment but has a modest presence due to its association with the State Bank of India. It holds about 1-2%.
User Base: It is mainly used by SBI account holders for easy integration with their bank accounts.
JioMoney:
Market Share: JioMoney has a small but growing presence, with its market share remaining under 1%. Jio's push for more digital services may gradually increase its share.
User Base: It is mainly used for recharges and bill payments.
Citrus Pay:
Market Share: Citrus Pay, now acquired by PayU, has a relatively smaller footprint in the Indian mobile payment space. Its share is not significant on its own but is now part of PayU’s overall market presence.
Other services (Vodafone M-Pesa, ICICI Pockets, ItzCash, SpeedPay):
Market Share: These services each have less than 1% of the market share individually, with many being phased out or absorbed by larger players (e.g., Vodafone M-Pesa now being merged with Paytm).
User Base: Some of these services, like ICICI Pockets, still maintain a presence in niche markets or among specific banking customers.

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chatGPT also said 60% of transactions in India are cash. That’s only 900 million people using cash.. a tiny tiny amount of people using cash.

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Last $3.88		Change 0.040(1.04%)		Mkt cap ! $243.4M

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$3.87	$3.94	$3.86	$94.6K	24.30K

chatGPT also said 60% of transactions in India are cash. That’s...

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