Comments on: Will mobile money take off in India? Straight from the Specialists Sun, 06 Mar 2016 13:25:08 +0000 hourly 1 By: Atul_Jagga Sat, 19 Feb 2011 10:47:38 +0000 Leading the Revenue of a Telecom Operator, I can very well vouch for the expected advancement of Mobile Money.

With the current contribution of VAS & Data averaging around 10-11% for India, while around 60% for the Developed geographies, the growth in non voice services is the deemed future of the telecom industry.

Apart from an industry perspective, evaluating the data from an economic perspective, I foresee the same to happen. As we are well aware that the maturity of any industry leads to the consolidation and eventual mergers and acquisition, thus expanding the same to the next level, works for the economy as a whole.

The combination of banking and telecom industry, leading to the development of Mobile Money, is an example of the consolidation of the economy as a whole on a macro level.

Indian economy too is growing at a great pace and shall eventually lead to the consolidation of its industries, like the example shared above in the article about the combination of the telecommunications and banking industry.

-Atul Jagga