Tag "mobile payment"

Going cashless may have turned easy, but not worry-proof

BANGALORE, INDIA: A brief study, by the Centre for Software and IT Management at IIM Bangalore,

Govt proposes Payments Regulatory Board under RBI in place of BPSS

By : CIOL Writers

In a bid to strengthen the grievance mechanism for the digital payments ecosystem, the government is replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems (BPSS) by setting up Payments Regulatory Board in the Reserve Bank

Industry hails PM’s demonetization move as a new dawn for Indian economy

By : CIOL Writers

It’s “historic”, “a watershed moment” in the history of the Indian economy, a real “game-changer”, “revolutionary” etc etc. Well, looks like Industry cannot stop raving about PM Narendra Modi’s demonetizing of Rs 500 and Rs 1,000 notes. Though the stalwarts

Paytm, Freecharge and MobiKwik seek opportunity in adversity

By : CIOL Writers

Though PM Narendra Modi’s latest move of demonetizing Rs 500 and Rs 1,000 notes gave sleepless night to many across the country, there is a coterie of digital payment and wallet companies who see a big opportunity in this adversity.

MobiKwik brings offline payments option with ‘Bubble Pin’

By : CIOL Writers

MobiKwik has launched one-step offline payments with ‘Bubble Pin’ which allows users to make payments even without data connection. With India gradually moving towards a cashless economy, MobiKwik aims to eliminate all possible glitches that may arise in the process

Xiaomi launches its own mobile payments service ‘Mi-Pay’

By : CIOL Writers

You name a consumer technology and Xiaomi wants to be part of it especially if Apple and Samsung operate there. After launching Mi Robot Vacuum two days back, the Chinese tech giant has now announced a new contactless payment system

$8B funding in mobile-based start-ups in last 5 years

By : CIOL Writers

India’s startup companies are racing to embrace mobile industry and it is proving to be a game changer for them. According to a report, startups in m-commerce, video streaming, gaming and m-payment segments, which are the major contributors to driving

Can digital payments be 15pc of India’s GDP?

BANGALORE, INDIA: By 2020, the size of digital payments industry in India could be $500 billion; contributing 15 per cent to India’s GDP, as per Google and Boston Consulting Group (BCG)’s recently-launched report ‘Digital Payments 2020’. Convenience has emerged as the

MoneyOnMobile to provide digital lockers to its 170mn users

BANGALORE, INDIA: Mobile payment solutions Company, MoneyOnMobile has partnered Enfold to provide digital lockers to its customer base of about 170 million. Enfold is a leading provider of white-label digital lockers worldwide, with a particular focus on the telecom, banking

Banks and Money-transfer operators may be slipping here

MUMBAI, INDIA: A survey finds that a large majority of respondents (82 per cent) using services currently offered by existing players such as money transfer operators (MTOs) and banks, are dissatisfied and that 83 per cent of respondents in developed

Tech Mahindra forays into NFC based wallet, MoboMoney

BANGALORE, INDIA: Tech Mahindra announced the launch of contactless digital payment ecosystem, MoboMoney. MoboMoney is a prepaid wallet issued in the form of an NFC (Near-Field Communication) contactless tag. It can be used on a network of NFC enabled Merchant

What is the new payment trend in the US this holiday season?

MUMBAI, INDIA: Mobile payments are set to take a leap in US, this holiday season. Mobile payment services are set to set a new trend in the US. However, identity theft, payment fraud and data privacy concerns remain the biggest

Should Louis Vuitton-s and Gucci-s worry about THIS?

By : Pratima Harigunani

Pratima H MUMBAI, INDIA: This may sound a tad surprising. But who would have thought that one outcome of P2P payment technology would be a dip in social awkwardness. Yes, 71 per cent of peer-to-peer payment app users as tapped

Payments wave can boost IT spends in BFSI

MUMBAI, INDIA: Indian banking and securities companies will spend 499 billion rupees on IT products and services in 2015, an increase of 9.8 per cent over 2014 spend of 455 billion rupees, according to Gartner, Inc. This forecast includes spending

BookMyShow, TranServ happy to encash synergies

MUMBAI, INDIA: The mobile led digital payments company TranServ has recently partnered with movies and online ticketing brand BookMyShow where by TranServ’s innovative mobile wallet is leveraged for managing all the backend functionality of BookMyShow’s ‘My Wallet’ feature – be

Mobile payment app Ultracash crosses pilot stage

BANGALORE, INDIA: Ultracash, which is being touted as the most innovative mobile payment app conceptualized and developed in India and claimed as way ahead in features, technology and disruptive power than the ones being innovated in the world’s largest tech

Mobile payments trends that will drive the cashless economy further in 2015

Sanjay Krishnamurthy The rapid adoption of mobile payments applications, supported by advances in digital-enablement technologies, is truly a “tale of two markets.” The drivers in the developed or urban markets are customer convenience and lower cost-per-transaction, supported by traditional banks

PayPal separates from eBay

SAN JOSE, USA: PayPal Holdings, today announced that it has completed its separation from eBay and is now an independent public company. “As the world’s open, digital payments platform and most trusted and popular digital wallet, we are excited to celebrate

Instant money transfer via SMS, e-mail & social media with QuickPay

MUMBAI, INDIA: IndusInd Bank has launched yet another Customer Responsive service called QuickPay, wherein IndusInd Bank customers can send money instantly to their personal contacts and/or business parties through SMS, E-mail and social media platforms, without having the beneficiary Bank

iKaaz’s mPOS device allows buyers to tap and pay from mobile phones at stores

BANGALORE, INDIA: To simplify the mobile payment process for customers, through their smart phone, mobile payments company, iKaaz brings a Tap and Pay terminal named as “MOWA Wave” for merchants. This stand-alone terminal enables merchants to accept payments without the need