This is an increase from 66 mn transactions in FY13. Mobile banking transactions grew by 94% from 53 mn transactions in FY13 to 387 mn transactions in FY16. Transaction size in mobile banking is significantly higher with an average Rs 10,394 per transaction in FY16, while prepaid instruments had a lower average transaction size of Rs 618 in the same financial year.

Wallet transactions have grown 124% to 747 mn in FY16

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