What's New in Payments

Xiaomi expands its Mi Pay mobile payments service to India

Xiaomi announces official Indian launch of Mi Pay — GSMArena — “Back in 2016, Xiaomi launched Mi Pay in China and followed that up by launching a beta trial in India. Testing is finally complete and Indian users get full access to Mi Pay. The platform is built on the Unified Payments Interface (UPI) in collaboration with National Payments Corporation of India (NPCI) and ICICI Bank and supports more than 120 banks.”


What's New in Payments

Apple Pay hits launch hurdles in India

After Amazon and WhatsApp, Apple orders ‘stop payment’ — The Economic Times — “Silicon Valley giant Apple has shelved plans to launch a Unified Payments Interface-based payments platform in India after landing in a regulatory grey zone that has stalled the full rollouts of similar products by Amazon and WhatsApp as well. Apple put the brakes on introducing Apple Pay in the country despite holding discussions with a few leading banks and the National Payments Corporation of India, which manages the UPI platform, said two people with knowledge of the matter.”


What's New in Payments

WhatsApp tests mobile payments with one million consumers in India

Almost one million people ‘testing’ WhatsApp payments service in India — PTI/Economic Times — “Today, almost one million people are testing WhatsApp payments in India. The feedback has been very positive, and people enjoy the convenience of sending money as simple and securely as sending messages,” a WhatsApp spokesperson told PTI… WhatsApp is working closely with the Indian government, National Payments Corporation of India (NPCI) and multiple banks, including payment service providers, to expand the feature to more people.”


What's New in Payments

India and Singapore link up their national payments networks

PM launches RuPay in Singapore — The Tribune — “The RuPay digital payments system was linked up with Singapore’s 33-year-old Network for Electronic Transfers (Nets). RuPay users will be able to make payments at all Nets acceptance points across Singapore. Holders of Singapore Nets will be able to make online purchases on the National Payments Corporation of India (NPCI) e-commerce merchant website, using 2.8m RuPay point-of-sale terminals in India.”


What's New in Payments

Mahindra Comviva explores the evolution of digital payments in India

Srinivas Nidugondi

The most obvious recent change in the payments landscape across India is the significant increase in the number of digital payments taking place in both urban and rural areas as a result of the measures taken by the Indian government to push the cashless initiative to the top of the nation’s agenda, says Mahindra Comviva’s senior vice president and head of mobile financial solutions. More


What's New in Payments

Samsung Pay goes live across India with support for Paytm and UPI money transfers

Samsung Pay India

Samsung Pay has launched in India with support from Visa, Mastercard, American Express, Axis Bank, HDFC Bank, ICICI Bank, SBI Cards and Standard Chartered Bank, with Citibank India support expected “shortly”. The service has also integrated India’s leading mobile wallet Paytm and comes with support for peer-to-peer money transfers through the Indian government’s Unified Payments Interface platform. More









NFC World

NFC news in brief • 29 Nov 2010

Coca-Cola

News in brief from the NFC world and beyond: PingPing adds Coca-Cola • Indian banks offer mobile payments • GSMA investigates embedded SIMs • VeriFone buys Hypercom • Brands test Google Goggles • 500m to use mobile medical apps by 2015 • CPI hits 100M contactless cards • and more… More


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