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
Economic Times (India)
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
Paytm aims to sign up 4m stores in India for mobile payments
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
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
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
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
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
Citrus Pay raises $25m
Indian payment services provider Citrus Pay has raised approximately US$25m from a consortium of new and existing investors... More
Alibaba and Ant Financial make “strategic investment” in India’s Paytm
Chinese e-commerce giant Alibaba and its affiliate Ant Financial are to make a “strategic investment” believed to be worth some US$680m in Indian mobile payment platform Paytm through an agreement with its parent company One97 Communications... More