Mobile Wallet

PhonePe Revenue and Net Loss by Year

The above graph represents the PhonePe revenue and net loss by year, starting from fiscal 2016 to fiscal 2019. Walmart-owned digital payment startup PhonePe...

With 73.9 Million Users, India Mobile Payments Market Is Poised For a Significant Growth

When India was facing the issue of currency change, at that time, mobile payment arrives and moonwalks in as the ‘Savior.' Back then, it could go by something that is the 'latest wrinkle', however, as of now, it is...

Users Dilemma: RBI KYC Norms Choke Digital Wallets

RBI agrees on wallet money to be used without KYC (Know Your Customer), but with conditions. 28th of Feb, which is tomorrow, supposedly happens to be the last day for completion of the mandatory KYC compliance by Prepaid Wallet users....

Google To Take On PayTM And Hike With The New “Google Tez” Digital Payment Service in India

Reports have recently emerged that Google is planning to launch its own mobile payments service in India in the near future. Dubbed as "Google Tez", the new service will be an India specific service at launch but might be...

Why Are Google, Facebook And Whatsapp Bullish About Digital Payment Services?

India is going digital. From productivity to entertainment, Indians are increasingly reliant on technology to fulfil their myriad needs. However, while numerous facets of the Indian industry have adopted digital platforms readily, financial transactions remained anachronistically antiquated for a long...

Can Hike Finally Knock Whatsapp Off From The Top With Their New Integrated Mobile Wallet?

In what can be considered a big win for the underdog, homegrown Indian messaging app Hike has released their mobile wallet system before any of their competitors. In a market where numerous players are looking to make a splash,...

Paytm Suspends Its Hush-Hush Plan To Charge 2% Fee on Credit Card Transaction

Paytm has suspended the half backed strategy to prevent the misuse of cash withdrawal from credit card via Paytm at 0% fee. After much uproar, criticism and questions Paytm has apparently realised the move could bring in more of inconvenience...

Apple Pay, Android Pay, Samsung Pay, LG Pay: NFC And Mobile Wallets Are Ready To Take Over Retail

For a modern smartphone user, their device is more than just a handheld computer, often times it is their closest companion, assisting in every aspect of their day to day lives. As such, it is not difficult to imagine...

Impacts Of M-Commerce Over E-Commerce: [Infographic]

Proliferation of Smartphone and Tablet has influenced the life style of people around the world. According to an infographic by “Big Commerce”, 35 million NFC enabled Smartphone were shipped during last year and 1.2 billion NFC-enabled smartphones are expected...
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Ajit Doval Bears Down On Digital Payment Platforms in India

The grass really isn’t always greener on the other side. With the hoopla and convenience that Digital...
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Facebook Spying On Instagram Users Through Camera: Claims A Recent Lawsuit

When it comes to privacy, the Mark Zuckerberg led social media behemoth Facebook Inc. (NASDAQ: FB) always manages to land itself in...

US Bans TikTok And WeChat: Oracle Deal Fails To Excite Trump

Amidst all the news about TikTok's proposed IPO in the US and Oracle deal, this news is no less than a surprise....

TikTok IPO In US: The Injection Of Trust To Clinch Trump’s Confidence?

What started with the ban on TikTok could end with TikTok IPO in the US. TikTok is leaving no...

White Collar Employees Suffer The Worst: 6.6 Million Jobs Lost in India During May-August

When the coronavirus spread all over the world rapidly, apart from record death tolls, the other significant damage it did was to...