India’s top digital wallet Paytm has recorded 700 million transactions in June 2019 across payments mode - wallet, UPI, cards and net-banking. Its overall transaction via its platform is more than the entire transaction processed by UPI-based payments apps such as Google Pay, PhonePe, Amazon Pay, and BHIM.
The Indian broadcast market is poised for a major growth with the rapid proliferation of OTT, IPTV driving the growth. Indian media and entertainment industry grew at a CAGR of 10.90 per cent from FY17-18; and is expected to grow at a CAGR of 13.10 per cent to touch Rs. 2,660.20 billion (US$ 39.68 billion) by FY23 from Rs 1,436.00 billion (US$ 22.28 billion) in FY18. India's media consumption has grown at a CAGR of 9 per cent during 2012-18, almost nine times that of US and two times that of China. The industry provides employment to 3.5-4 million people, including both direct and indirect employment in CY 2017. The entire broadcast ecosystem is witnessing a major transition in traditional broadcasting with the OTT and social media services gaining increasing acceptance across smartphones and smart TVs.
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