Indian mobile payments platform Paytm plans to double its in-store merchant acceptance to four million locations this year, the company’s CEO has told Economic Times... More
India
Nielsen reports on mobile wallet market in India
Paytm is the most popular mobile payment app among Android smartphone owners in urban India, research from Nielsen reveals, with 39% of users with an internet connection making use of the service for an average duration of 70 minutes a month. More
India’s Freecharge wallet signs another mPOS network
Indian closed-loop mobile wallet provider FreeCharge has partnered with mobile point of sale provider Ezetap to let its users make in-store mobile payments at “thousands of Ezetap service points consisting of small and mid-sized retailers across India”... More
Visa Checkout heads to six new markets
Visa is expanding its online payment service to France, India, Ireland, Poland, Spain and the UK this year, taking the total footprint to 22 markets... More
Yes Bank customers get sound-based mobile payments
Customers of India’s Yes Bank can now make mobile payments using sound-based technology from Ultracash Technologies... More
FreeCharge takes mobile payments to ePaisa network
Mobile wallet provider FreeCharge has partnered with mPOS company ePaisa to offer its services to “thousands” of retailers across India... More
Axis Bank customers to get NFC wearables
India’s Axis Bank has partnered with fitness technology provider GOQii to develop a wearable device that will allow its customers to make contactless payments... More
MoboMoney takes sound-based mobile payments to India
Indian consumers can now make payments at participating retail locations using their mobile device and sound based technology developed by startup ToneTag. The feature has been integrated into MoboMoney, an NFC payments platform launched by information technology provider Tech Mahindra in December 2015, to extend the service to a greater number of mobile devices and merchants across the country. More
Study reveals global views on payment data security
A 16-page study that presents findings from research into how companies approach payment data security is now available to download from the NFC World Knowledge Centre... More
McDonald’s rolls out FreeCharge mobile payments to 216 Indian restaurants
McDonald’s customers across West & South India can now pay for their orders in-store using their mobile device... More
Paytm trials sound-based payments
Indian mobile payment platform Paytm is trialling a Sound Pay feature that will enable users of its mobile app to make in-store payments via ultrasonic sound waves which transmit data — including payment amount and customer credentials — to the point of sale... More
Mumbai commuters test mobile ticketing
Commuters in Navi Mumbai, India, are piloting a service provided by Birds Eye Systems that lets them pay for bus fares on their mobile phone... More
Alipay parent seeks $1.5bn investment
Alibaba affiliate Ant Financial, owner of mobile payment platform Alipay, is seeking an investment of at least 10bn yuan (US$1.5bn) ahead of a planned initial public offering, Bloomberg reports... More
In-store mobile payments increase four-fold across the US
The use of in-store mobile payments increased nearly four-fold across the US this year, from 5% in 2014 to 18% in 2015, research from Deloitte reveals, with approximately one in five consumers using their phone to make a payment at the point of sale... More
Mahindra Comviva wins innovation awards
PARTNER NEWS: Mahindra Comviva has picked up prizes at India’s annual Aegis Graham Bell Awards, winning in both the mcommerce and the m-money categories with its Mobiquity Money solutions... More
India’s Oxigen Wallet to add virtual prepaid cards?
Indian mobile wallet provider Oxigen Wallet is in talks with Visa, MasterCard and RuPay over launching virtual prepaid cards in the country, Economic Times reports... More
India’s Ola Cabs adds mobile payments
Indian mobile cab hailing service Ola Cabs has launched Ola Money, which lets customers load funds into a mobile app and use them to pay their fare... More
SBI to launch feature phone wallet
State Bank of India (SBI) is to launch Batua, a mobile wallet service that works on feature phones, The Economic Times reports... More
India’s Paytm moves into banking
Indian mobile wallet provider Paytm is to hire 3,000 people to roll out its payments bank services by the first quarter of next year... More
Mumbai airport launches augmented reality and BLE beacon app
Passengers at Mumbai’s GVK Chhatrapati Shivaji International Airport (CSIA) can now navigate through Terminal 2 using a mobile app and interactive maps based on augmented reality and Bluetooth Low Energy (BLE) beacons... More