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Increasing Share of M-Wallet There are variety of Smartphone user increasing by bounds and leaps and the growing popularity of Grocery Store (e-commerce), the online payment industry in India was bound to take of M-Wallets (Mobile based cordless mode of paying bill) Have emerged as one of the biggest beneficiaries of the quick maturing online payment market in the nation. As per research firm, the M-Wallet Industry will grow three times in as many years. It stands at 351 crore presently and by 2019, it is expected to increase to Rs 1200 crore. These amounts clearly indicate that M-wallets are giving best mode of online payment – Including Debit Card, Credit Card and Internet Banking – a run for their money.