US-based digital payment company MoneyOnMobile has plans to invest $6.2 Mn to boosts its Indian expansion plans, as informed by its chief executive officer, Harold Montgomery. The announcement for fresh infusion plans has come right after the firm raised $5 Mn Series H funding from S7 Group. MoneyOnMobile’s chief executive officer Harold Montgomery told that […]
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 […]
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 […]
The Internet and Mobile Association of India( IAMAI) has filed a written petition in the Supreme Court requesting a stay against the RBI’s order to not allow banks to provide services to cryptocurrency trading platforms. IAMAI ‘s president Subho Ray has confirmed the filing of petition though he was not available to comment on the […]
Bengaluru based Gamifying and AI Learning Startup Knudge.me has successfully raised an undisclosed amount from Indian Angel Network, as per the sources of the company. The round for IAN was led by an angel investor and chief executive of TradeIndia.com Bikky Khosla. The funding capital will be used by the startup to amp up its […]
Flipkart is launching its very own servicing subscription programme along with the sale launch of the Asus Zenfone Max Pro M1, which went on sale at noon on Thursday and was sold out within minutes. The servicing subscription programme is currently available for the Asus smartphone currently but the leading e-commerce platform intends expand this […]
Kenya based Tala, the leading global technology company committed to financial inclusion, will bring its popular consumer lending app to India. The expansion was announced along with a new $50 million Series C funding led by Revolution Growth to scale up the success already in progress. Tala has also recently raised an additional $15 million to […]
India’s leading e-commerce company, Flipkart has come with a big announcement on Tuesday. It had already hinted a mega device launch in partnership with a mobile company a few days back. Today, it announced an exclusive partnership with Taiwanese smartphone manufacturer, Asus. In the big announcement that took place Tuesday afternoon, Flipkart informed about its […]
The number of telecom subscribers dwindled by 1.58 crore to 118.5 crore in November, even as Reliance Jio continued to lead in customer addition with over 15 crore subscribers, as per a report by Trai. “The number of telephone subscribers in India declined from 1,201.72 million at the end of October 2017 to 1,185.88 million […]
Earlier this week, Indian government as per some reliable inputs has found that these 43 Android and iOS apps developed by Chinese developers are reportedly either “spyware or other malicious ware.” A country wide advisory has been sent to all field formations of the Army and paramilitary forces warning of a cyber attack through mobile […]
The number of Chinas mobile wallet users has exceeded 520 million with combined payments of over USD 6 trillion, Chinese e-commerce giant Alibabas financial services affiliate said today. According to the Peoples Bank of China, Chinese banks dealt with 8.6 billion payments from mobile services in the second quarter of this year, up 40.5 per […]
Messaging app Hike today said it has tied up with Airtel Payments Bank to power its mobile wallet product. Hike users will have access to the bank?s vast product line including merchant and utility payments, it added. The SoftBank-backed app, which has over 100 million registered users, saw over 30 per cent month-on-month growth for […]