Friday, March 29

Tag: ewallet

MobiKwik Partners With Samsung Pay For One-Tap Payments
News

MobiKwik Partners With Samsung Pay For One-Tap Payments

Digital payments company MobiKwik has recently partnered with Samsung Pay, under which consumers will be able to make payments with a single tap using selected Samsung handsets. "As part of the tie-up, MobiKwik wallet is now integrated with Samsung Pay Mini to enable one-tap payments at more than 1.4 million MobiKwik-powered merchants across the country", the digital payments firm Mobikwik said in a statement. Samsung Pay is the feature given by Samsung, in flagship phones- like S8, S7 edge etc. that allows users to just tap and pay using the debit/credit cards and wallets stored on their mobile devices. Samsung launched this service in India in March, 2017. "The future of digital payments in India will thrive only by collaborating with various ecosystem partners to drive acceptance. Mo...
BHIM App Crosses 18 Million Downloads
INDIA

BHIM App Crosses 18 Million Downloads

Indigenous digital payments app BHIM, launched by the central government last December for fast and secure cashless transactions, has recorded 18 million downloads so far, Niti Aayog CEO Amitabh Kant today said. "#BHIMApp breaks all records! Crosses a record of 18 million downloads since its launch on Dec 30 2016. #GoCashlessGoDigital," Kant said in a tweet. The Bharat Interface for Money (BHIM) app was launched on the iOS platform earlier this month. It is also available on the Android platform. BHIM is a Mobile App developed by National Payments Corporation of India (NPCI), based on the Unified Payment Interface (UPI). It was launched by Narendra Modi, the Prime Minister of India, at a Digi Dhan programme at Talkatora Stadium in New Delhi on 30 December 2016. It has been name...
Govt Issues Notices to RJio, Paytm For Using PM Photo in Advts
News

Govt Issues Notices to RJio, Paytm For Using PM Photo in Advts

The government has slapped notices on billionaire Mukesh Ambani-led Reliance Jio Infocomm and Paytm for using the Prime Minister's photograph in their advertisements. The Ministry of Consumer Affairs, which is custodian of prestige of High Offices like President and Prime Minister as well as historic figures, sent the notices under the Emblems and Names (Prevention of Improper Use) Act of 1950, which bars use of Prime Minister's name and picture for commercial use. "We have sent notices to both (the companies) for using PM's picture in their advertisement. We are yet to receive their response," Consumer Affairs Secretary Hem Pande told Pixr8. The Act provides for a nominal financial penalty for violations but more than the monetary fine holding guilty of for improper use o...
India Lays Foundation For a Fintech Revolution
BLOGS

India Lays Foundation For a Fintech Revolution

India is setting a new global standard in fintech. A new instant online payments system, tied to national biometric identity data, launched in recent weeks. Together with an explosion in smartphone usage, this could help the world’s fastest-growing large economy skip traditional financial infrastructure like cash machines, debit cards and point-of-sales machines – speeding up a move to a cashless economy. The so-called “Unified Payment Interface” is unlike anything available in China or the United States. It enables secure, real-time transfers from one person to another, or to a company. UPI enables individuals and businesses to manage money held across multiple accounts at various banks through a single mobile application – and not one that necessarily belongs to the customer’s own ban...