News about the NFC market in India — trials, pilots, tests and live services.
October 28th, 2016
India’s Yes Bank is to integrate ToneTag’s sound-based contactless payments system into its Yes Pay mobile wallet, The Economic Times reports. ToneTag uses sound waves instead of NFC to connect a smartphone, that has a mobile wallet app installed, with a POS device, allowing owners to make contactless payments. “We are bullish about our alliance as we continue to strive in making payments seamless for end users,” says Ritesh Pai from Yes Bank.
October 24th, 2016
Delhi Metro Rail Corporation (DMRC) is to release wearable travel smart cards from next month, The Hindu reports. “Affordable” wrist watches, wristbands and mobile covers will be available, with the corporation hoping to sell about 6,000 items each month initially. “We have already finalised a vendor who will install these chips inside the merchandise,” a DMRC spokesperson says.
October 18th, 2016
India’s Yes Bank has partnered with Lastmile.mobi to develop a biometric point-of-sale terminal using iris scanning technology. The Iris EMV PoS integrates card payments with the Indian government’s Aadhaar identity project’s electronic know your own customer (E-KYC) and E-signing systems. Yes Bank senior president Ritesh Pai said the device “has multiple uses for both retail and corporate customers right from e-KYC verification and ATM functionalities to disbursal of small loans to merchants”.
August 26th, 2016
Some 8,000 employees across India are making payments in workplace cafeterias by tapping their pens, ID cards or even key chains against contactless terminals using Zeta Super Tag, an NFC tag that adheres to any object.
June 27th, 2016
More than two thirds of Indian millennials (67%) have purchased goods online and in-store using their mobile phone, research from ACI Worldwide reveals. “For those who shop using their mobile device, they do so more frequently — and with lower transaction values — than non-millennials,” the research firm says. “More than a third of respondents prefer alternative payments (e.g. PayPal, Alipay) for mobile-initiated purchases.”
June 27th, 2016
The Reserve Bank of India (RBI) has released its framework for payment and settlement systems with a view to moving the country towards a “less-cash” society. Vision-2018 “reiterates the commitment of the Reserve Bank of India (the Bank) to encourage greater use of electronic payments by all sections of society,” RBI says. “Building a robust payments infrastructure in the country to increase the accessibility, availability, interoperability and security of the payment systems will continue to remain a key objective.”
June 15th, 2016
Commuters across Bengaluru in India will soon be able to pay for travel on buses operated by Bengaluru Metropolitan Transport Corporation (BMTC) with a tap of an open loop contactless card provided by Axis Bank….
June 6th, 2016
India’s HDFC Bank is to launch a mobile payment service that will support NFC, host card emulation (HCE) and QR code based payments in order to compete with other mobile payment services that are expected to roll out in the country, including Apple Pay, Samsung Pay and Android Pay. “PayZapp contains a prepaid wallet and a virtual prepaid card,” Times of India reports. “Bank customers can also store their credit or debit cards in a dematerialized form in the app and use them for electronic payments.”
May 23rd, 2016
Starbucks is to launch its mobile payment and loyalty app in India this year. “The platform will allow you to make payments from your phone and allow you to participate in the My Starbucks Rewards programme through your phone,” the coffee chain’s Sumitro Ghosh told Business Standard. Mobile payments now account for nearly one in four transactions made across the company’s US locations.
May 6th, 2016
Customers of State Bank of India (SBI) can now make QR code-based mobile payments using mVisa, the mobile payment platform unveiled by Visa and piloted by SBI in August 2015. “Bank customers can simply download the latest version of SBI Anywhere application and register for mVisa payments by simply clicking the mVisa icon on the home screen,” SBI says. “In the first phase, SBI’s mVisa service has been introduced in Bangalore city — this facility will be gradually expanded to other cities.”
May 4th, 2016
Indian mobile payments provider Paytm has partnered with IT services company Wipro for the launch of its payments bank, which is expected in the first quarter of this fiscal year. “Wipro will implement core-banking solutions for Paytm and also the programme to manage the integration of other key systems,” says The Economic Times. The company plans to double its in-store merchant acceptance to four million locations this year.
April 21st, 2016
Handset maker Micromax will soon begin offering its customers in India an NFC mobile payment service through a collaboration with Visa and payment solutions provider TranServ.
March 23rd, 2016
Indian consumers can now make payments to merchants and to friends and family using Chat and Pay, a messaging service built into the main FreeCharge mobile wallet app. “Merchants can now accept payments by registering their bank account number, geolocation and choose a custom identifier — a #paytag to allow customers to identify their service area through their FreeCharge app,” the company says.
March 21st, 2016
Indian mobile wallet service MobiKwik has added a new feature to its app that lets users search for locations where the service can be used to make in-store payments. “With immediate effect, more than 10,000 MobiKwik partner retail stores would now be visible to the users on the ‘Explore Nearby’ tab,” the company says. “Users can also view existing offers at these outlets and pay via MobiKwik to redeem it.” WHSmith India began accepting MobiKwik in July 2015 and was shortly followed by Big Bazaar.
March 15th, 2016
Customers of India’s ICICI Bank will soon be able to make host card emulation (HCE) based mobile payments at any contactless-enabled terminal using the bank’s Pockets app. The service, which makes use of tokenization, is currently available to the bank’s employees and is expected to go live for customers at the end of March 2016.
March 14th, 2016
Indian mobile payments platform Paytm plans to double its in-store merchant acceptance to four million locations this year, the company’s CEO has told Economic Times. “This year, we will be present offline in every nook and corner,” Vijay Shekhar Sharma said. “Our offline payments will become as big as our online payments.” Paytm users can complete in-store transactions by scanning a code with their mobile phone.The company is also currently trialling sound-based payments.
March 14th, 2016
Paytm is the most popular mobile payment app among Android smartphone owners in urban India, research from Nielsen reveals, with 39% of users with an internet connection making use of the service for an average duration of 70 minutes a month.
February 25th, 2016
Indian closed-loop mobile wallet provider FreeCharge has partnered with mobile point of sale provider Ezetap to let its users make in-store mobile payments at “thousands of Ezetap service points consisting of small and mid-sized retailers across India”. The announcement follows FreeCharge’s acceptance across the ePaisa network earlier this month and its roll out to 216 McDonald’s restaurants across India.
February 25th, 2016
Visa is expanding its online payment service to France, India, Ireland, Poland, Spain and the UK this year, taking the total footprint to 22 markets. Visa Checkout has been launched in 16 countries since its introduction in July 2014, including the US, Argentina, Brazil and Canada, with usage growing to more than 11m consumer accounts and acceptance by more than 250,000 merchants.
February 18th, 2016
Customers of India’s Yes Bank can now make mobile payments using sound-based technology from Ultracash Technologies. “Ultracash will now be issuing Yes Bank branded digital wallets to consumers,” Ultracash says. Ultracash was launched in October 2015 with support from close to 500 merchants. It now claims to have more than 60,000 active app users and 1,000 supporting merchants.