Four students from India’s Birla Institute of Technology and Science have developed an SMS-based biometric authentication system for use in rural areas with poor internet connection... More
India
PayPal launches Siri payment requests in 30 countries
PayPal has enabled money transfers via Apple’s Siri voice command function, enabling users with iOS10 devices to make payments by speaking requests... More
Smartphone maker offers mVisa QR code payments in India
Smartphone maker Micromax is to offer the mVisa QR code-based mobile payments service through its Udio mobile app across India, in collaboration with Visa and payments solution provider TranServ... More
Ant Financial invests in Ascend Money
Alipay parent company Ant Financial is investing an undisclosed sum into Thai online payment provider Ascend Money... More
Half of global banking customers use fintech services, but trust remains low
Half of banking customers around the world are using the products or services of at least one fintech firm, according to the first World FinTech Report (WFTR) from Capgemini and LinkedIn, but customer trust in fintech providers is low... More
Indian bank offers sound-based contactless payments
India’s Yes Bank is to integrate ToneTag’s sound-based contactless payments system into its Yes Pay mobile wallet, The Economic Times reports... More
Delhi commuters to get wearable travel cards
Delhi Metro Rail Corporation (DMRC) is to release wearable travel smart cards from next month, The Hindu reports... More
Yes Bank unveils iris scan PoS
India’s Yes Bank has partnered with Lastmile.mobi to develop a biometric point-of-sale terminal using iris scanning technology... More
Indian employees make NFC payments using everyday objects
Some 8,000 employees across India are making payments in workplace cafeterias by tapping their pens, ID cards or even key chains against contactless terminals using Zeta Super Tag, an NFC tag that adheres to any object. More
ACI reports on mobile payments usage by Indian millennials
More than two thirds of Indian millennials (67%) have purchased goods online and in-store using their mobile phone, research from ACI Worldwide reveals... More
RBI reveals framework for “less-cash” society
The Reserve Bank of India (RBI) has released its framework for payment and settlement systems with a view to moving the country towards a “less-cash” society... More
Axis Bank to launch contactless transit and payments card in India
Commuters across Bengaluru in India will soon be able to pay for travel on buses operated by Bengaluru Metropolitan Transport Corporation (BMTC) with a tap of an open loop contactless card provided by Axis Bank... More
HDFC Bank to launch mobile payments in India
India’s HDFC Bank is to launch a mobile payment service that will support NFC, host card emulation (HCE) and QR code based payments in order to compete with other mobile payment services that are expected to roll out in the country, including Apple Pay, Samsung Pay and Android Pay... More
Starbucks to take mobile payments and rewards to India
Starbucks is to launch its mobile payment and loyalty app in India this year... More
State Bank of India goes live with mVisa
Customers of State Bank of India (SBI) can now make QR code-based mobile payments using mVisa, the mobile payment platform unveiled by Visa and piloted by SBI in August 2015... More
Paytm moves towards launching payments bank
Indian mobile payments provider Paytm has partnered with IT services company Wipro for the launch of its payments bank, which is expected in the first quarter of this fiscal year... More
Micromax to launch NFC mobile payments with TranServ and Visa
Handset maker Micromax will soon begin offering its customers in India an NFC mobile payment service through a collaboration with Visa and payment solutions provider TranServ. More
FreeCharge adds chat payments to mobile wallet app
Indian consumers can now make payments to merchants and to friends and family using Chat and Pay, a messaging service built into the main FreeCharge mobile wallet app... More
MobiKwik lets mobile wallet users find local merchants
Indian mobile wallet service MobiKwik has added a new feature to its app that lets users search for locations where the service can be used to make in-store payments... More
ICICI Bank launches HCE mobile payments in India
Customers of India’s ICICI Bank will soon be able to make host card emulation (HCE) based mobile payments at any contactless-enabled terminal using the bank’s Pockets app. The service, which makes use of tokenization, is currently available to the bank’s employees and is expected to go live for customers at the end of March 2016. More