Mobile wallet transactions decline by 5.7% in November: RBI

Over 34.73 crore mobile wallet transactions worth ₹16,108 crore were conducted in November, as compared to 36.84 crore transactions amounting to ₹18,786 crore in October, RBI data showed. While the transaction volume is 5.7% lower month-on-month, the transaction value is 14% lower. The decline comes amidst mobile wallet companies being barred from using Aadhaar-based KYC to enrol new customers.