Mobile wallet transactions hit record â¹14,170 crore in May
The value of transactions through mobile wallets hit a record â¹14,170 crore in May, up by 21% from â¹11,695 crore in April, according to RBI. Around 325.78 million transactions took place in the same period, which is the second highest transactions after 326.30 million in January. The value of transactions fell sharply in March as know-your-customer (KYC) requirements took effect. 