Tag: Mobile payment

In early 2017 when Truecaller launched Truecaller Pay, a UPI-based transaction feature, it became immediately clear that the caller identification company has big plans to penetrate the flourishing mobile payment industry. Today, the company has solidified its commitment by acquiring Chillr - India's first muti-bank payment app launched in 2014.The company has also announced the launch of Truecaller Pay 2.0 after acquiring...

If you think that “everyone” has a mobile phone, well, you’re almost right. According to a 2015 report from Cisco, 5.5 billion people will own a mobile phone by 2020 - a staggering 70% of the world's total population. What was one simply a means to communicate on the go, mobile phones have become vital tools to our everyday...

Last year, slew of high-end smartphones were launched by variant vendors across the world. Apparently, 700.1 million smartphones were sold in 2012, up from 490.5 million a year ago. Furthermore, there would be 1.4 billion active smartphones by the end of this year. As number of smartphones are ramping up day-over-day, we have tried to find out worldwide smartphone consumers behavior...

Mobile payment is expected to mount up by four folds to $1.3 trillion in 2016 and NFC will play a significant role in overall mobile transactions in upcoming years. However, the penetration of NFC mobile payment is still meager, but it's expected to  get traction soon in forthcoming years. Last year, 35 million NFC-enabled smartphones were shipped and the figure...

At present, mobile banking is considered as one of the convenient mode of transactions. Yesterday, I discussed about how banking sector is now relying on mobile apps or optimized web page for mobile devices for transactions--related to balance inquiry or cash transfer. According to "Forrester Research", mobile banking users will surpass 108 million figures in the U.S. by 2017.  In last...

The explosive growth in global mobile industry has triggered the adoption and development of mobile app ecosystem. Users are becoming more demanding and pushing their devices for peak performance activating various services on their mobile devices. Witnessing the transformation of e-commerce into m-commerce, digital payment gateways have marked their presence in mobile payment industry.However, majority of mobile users, who...

It's almost the complete of one year of Google Wallet services and it has made a strong penetration among mobile payment users. On the other side, its competent "PayPal" also seems very aggressive this time. Recently, it has signed an agreement with 16 major retailers worldwide to roll out the mobile payment through PayPal. In addition to these, the global...

Previously, I have mentioned that users have lack of trust on the mobile payment due to the security vulnerability. Despite these, users are more relying on mobile devices for digital payments worldwide. The reason is quite obvious that it is flawless and easy to use.  According to Gartner previous prediction, the mobile payment users would cross over 141 million figure by...

On Tuesday this week, Tata Docomo announced an exclusive partnership with Snapdeal to provide a range of products and services to subscribers for limited time period. Likewise, another telecom vendor “Bharti Airtel” is endeavoring to expand its closed Wallet service "Airtel Money" into an open Wallet service in India. Airtel is currently providing a prepaid payment system, where subscribers...

The demand of mobile payment is continuously increasing day-by-day and lots of companies including credit card providers, mobile operators, and even tech-giant such as Google and PayPal are also planning to deploy mobile payment system.  Mobile Payment has become one of the easiest way of paying without any botheration of carrying the credit card or cheque . Users are...

A majority of people around the world prevent themselves to adopt any machinery equipment like PC or mobile handsets especially for marketing or banking purpose. They prefer to use a conventional way for the money transactions. In less developed countries, a vast population even does not know what the mobile payment is ! It’s awkward to carry out the wallet...