Tag: Mobile Wallet

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 justifiably a trend!According to eMarketer, this trend has hit India really hard, making the country the world's fastest-growing "proximity mobile...

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. RBI has come out in the favour of Digital Wallet users and assured that their Wallet money is safe and...

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 expanded to other countries like Indonesia and Philippines in the future.Google's entry into the mobile payment services space in India...

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 while. This situation was turned on its head in late 2016 due to the demonetization move made by the Indian...

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, Hike has managed to gain a significant advantage by being the first one there. Hike's new service will allow both,...

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 to users. "Keeping the millions of customers and merchants interest as an utmost priority, we have decided to suspend the 2% fees...

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 why NFC-based mobile payment is something all major smartphone players like Apple, Google, Samsung and most lately LG has been so...

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 to be shipped by 2015. It’s speculated that until 2015, retailers are more likely to use traditional payments method such...