India is world's fastest growing mobile payments market

India is now the fastest growing mobile payments market in the world, according to research by eMarketer. The report relates to proximity mobile payments, where a user pays for an item at the point of sale by placing their mobile phone against a scanner. The number of proximity payments in India grew by around 75% between 2016 and 2017, jumping from 32 million to 56 million payments. This figure is expected to rise to 78 million payments this year, representing almost 30% of Indian smartphone users. The rapid adoption rate means that India has now overtaken China as the country with the fastest growing mobile payments market worldwide. 

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