Paytm's mobile wallet surpasses all plastic card transactions in India

India might not be ready yet to completely transition to a cashless society, but in the wake of government’s major demonetization push, much of the country is quickly learning to pay from their smartphones. 

In the light of the announcement, mobile wallet apps have been reporting astronomical growth in usage and downloads in India. The market leader, Paytm, has gone ahead to break a few noticeable milestones. It announced this week that more people are now using its online payment platform than all the plastic cards usage combined.