The country’s largest lender State Bank of India (SBI), in partnership with Bharat Sanchar Nigam Limited (BSNL), Saturday launched its mobile wallet application ‘State Bank MobiCash’ for feature as well as smartphones. The new wallet services will initially be available in Punjab, Rajasthan, Haryana and Bihar and expanded pan-India by the end of December. MobiCash […]
Domestic handset maker Intex has partnered with mRUPEE, a Tata Teleservices subsidiary, to launch mobile wallet Intex MyWallet. The wallet will offer easy and quick integrated payment functionalities and conveniences within the device related to recharge, money transfer, shopping, booking train, movie, bus tickets and more in just one click, Intex said in a statement. […]
Kishore Biyani-led Future Group has launched FuturePay, which is a digital loyalty wallet that helps consumers shop without card or cash across formats such as Big Bazaar, Ezone and Home Town. The app is directly linked with all existing loyalty programs and cards bringing all kinds of transactions under one roof. “We are providing a […]
India’s fifth largest private sector bank Yes Bank has announced the launch of ‘Yes Pay’, a digital wallet across Android and iOS mobile platforms. As a new development in the realm of digital payments, Yes Pay is also built as a Facebook app. The fact that the wallet can be accessed through Facebook without any […]
Fin-tech company Mobikwik is expanding its services by offering instant micro loans to wallet users running short on balance as part of its efforts to boost digital payment usage in the country. The company, which competes with Alibaba-backed Paytm, started pilot on the project a few weeks back and has already given loans to about […]
Paris, September 15, 2023 – The Capgemini Research Institute’s 2023 World Payments Report, published today, reveals non-cash transaction volumes will reach 1.3 trillion by 2023 globally. As consumers and businesses adopt new digital payment schemes, the report suggests this growth will accelerate to 2.3 trillion by 2027 growing at a rate of 15% annually. At […]
One of the most popular digital payments company in India Mobikwik has reportedly announced the acquisition of online wealth management platform called Clearfunds. With this move, the mobile wallet seems to foray into the country’s wealth management market. The amount of the acquisition deal, however, has not been disclosed yet. Clearfunds is an online mutual […]
The emerging digital payments player PhonePe which is owned by Flipkart announced that it has teamed up with Indian Railway Catering and Tourism Corporation (IRCTC) to make digital payments easier and smoother through PhonePe on the IRCTC Rail connect Android app. This partnership will ensure the ease of payment with the help of PhonePe as a payment option on the IRCTC […]
While the mobile wallet industry is emerging at an impressive pace in India, it now is looking actively for the Reserve Bank of India to release interoperability guidelines for the industry. Notably, RBI’s master directions on Mandatory KYC compliance (Issuance and Operation of Pre-paid Payment Instruments) that came in October 2017 had proposed digital wallets […]
E-commerce giant Amazon is loading cash to its digital wallet for customers in India as it is actively pushing to deepen its footprint in the country battling competition from rivals-Alibaba and Walmart. A letter dated June 5 issued to customers, which also marked the fifth anniversary of launch in India, Jeff Bezos, Amazon founder offered […]
McAfee, the leading cyber-security company, is now focusing on developing security solutions for digital wallets to overcome frauds and scams, an aim driven by the increasing use of mobile wallet payment platforms. A quarter of McAfee’s global workforce hail from its Bengaluru office and has now made it a priority to find solutions to frauds […]
LOS ANGELES- The Playboy Enterprises Inc, popular as a Playboy magazine announced that the company added an additional service Vice Industry Token (VIT) for online payment. The service will support a number of cryptocurrencies payment across the company’s online media, digital and casual gaming businesses. Playboy.TV will be the first of the company’s media platforms to feature the new […]