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India

News about the NFC market in India — trials, pilots, tests and live services.

Three in four consumers interested in using alternatives to passwords online

July 24th, 2015

One in six consumers find usernames and passwords “cumbersome” and 77% are interested in using alternatives to protect their security on the internet, research from Accenture reveals. More than half (58%) say they are interested… More

LivQuick raises $1.6m for mobile wallet

July 22nd, 2015

Mumbai-based LivQuik, the company behind mobile payment service QuikWallet, has raised US$1.6m from existing investor Snow Leopard Ventures to scale its team, technology and merchant base. “Payment options include SMS, NFC, QR codes, mobile applications and POS software,” IndianWeb2 reports. “Currently, it caters to 1,000 merchants. It has around 100,000 users.”

Reserve Bank of India asked to increase mobile wallet limit

July 17th, 2015

One97 Communications, owner of mobile payment platform Paytm, has asked Reserve Bank of India (RBI) to increase the limit on money that can be kept in a mobile wallet to Rs 25,000 (US$393) from Rs 10,000 (US$157). “One97 Communications, which has investment from the Alibaba group, is also building a mobile marketplace and aims to have half a billion Indians on the Paytm platform before 2020,” Times of India reports.

Big Bazaar to accept MobiKwik in 240 stores

July 13th, 2015

India’s largest retailer Big Bazaar has become the latest to support in-store payments from mobile wallet service MobiKwik at more than 240 locations, following in the footsteps of WHSmith India. “In the coming quarter, MobiKwik also plans to extend this partnership to other offline stores under the Future Group umbrella and is expected to total close to 150m transactions annually,” MobiKwik says.

WHSmith India to accept MobiKwik mobile payments in 55 stores

July 10th, 2015

More than 17m users of Indian mobile wallet service MobiKwik will be able to make in-store payments at 55 WHSmith India stationery and book stores, the first time the service has been available for payments… More

India offers tax break for electronic payments?

June 24th, 2015

Merchants in India accepting electronic payments could be offered a tax rebate, a government proposal suggests. Fees for cash handling could increase, meanwhile, as part of an effort to encourage electronic payments, defined as those done “through means of cards, mobile wallets, mobile apps, new banking, Electronic Clearing Service (ECS), National Electronic Fund Transfer (NEFT), Immediate Payment Service (IMPS) or other similar means”.

India’s ICICI Bank launches voice recognition service

May 27th, 2015

India’s largest private sector bank ICICI Bank has become the first in the country to launch a voice recognition-based service, allowing more than 33 million customers to make banking transactions through the bank’s call centre by authenticating themselves using their voice. “Our decision to invest in this new technology was primarily driven by the objective of enhancing the everyday banking experience of our customers,” said CEO Chanda Kochhar.

Axis to make 50,000 terminals contactless in India

May 19th, 2015

India’s Axis Bank is to enable all of its 50,000 merchant point-of-sale terminals to accept contactless payments by the end of this year in order to “facilitate significant usage of contactless NFC-based cards issued by all banks”. The move follows the Reserve Bank of India’s relaxation of its requirement for two-factor authentication for contactless payments up to a value of Rs2,000 (US$31).

India gets PIN-free contactless payments

May 15th, 2015

Contactless users in India can make payments of up to Rs2,000 (US$31) without using a PIN, following the Reserve Bank of India’s relaxation of its requirement for two-factor authentication. “Beyond this transaction limit the card has to be processed as a contact payment, and authentication with PIN will be mandatory,” the bank says. “Banks have been advised to put in place suitable velocity checks as considered appropriate.”

India moves to mobile payments

February 11th, 2015

National Payments Corporation of India (NPCI) has published the first draft of a specification that will be used to introduce an electronic payments system that leverages both mobile payments and Aadhaar, India’s biometrics-based ID system. “This Unified Payment Interface document provides a payments architecture that is directly linked to achieving the goals of universal electronic payments, a less cash society and financial inclusion using the latest technology trends,” NPCI says.

Alibaba to buy Paytm?

January 15th, 2015

Alibaba is in advanced talks to buy an approximately US$500 million stake in One97 Communications, the parent company of Indian mobile payment platform Paytm. “Both Alibaba Group Holding’s e-commerce arm and its online payments unit Alipay are set to participate in the transaction, which will conclude later this month,” the Financial Times reports. When NFC World+ contacted Alibaba for information the e-commerce giant said it has “no comment to offer on this matter”.

Indian shopping malls to pilot iBeacon

December 2nd, 2014

Mobile marketing and advertising platform BeaconStream is to pilot iBeacon technology in malls in Bengaluru and Chennai, India, within the next three weeks, The Hindu reports. “If a customer visits a mall, the beacon will alert about the proximity and the particular brand can send offers or run a immediate marketing campaign to convert that footfall into sales,” says CTO Gautam Mandewalker.

Restaurants in India offer NFC payments

December 1st, 2014

Indian restaurant chain Adigas is rolling out NFC payments to its customers in partnership with mobile payment company iKaaz, starting first in its Brahmin’s Coffee Bar in south Bangalore. “NFC cards/tags are issued to customers [and] mapped to their mobile phones to enable micro-payments,” Iamin reports. “Customers can load amounts between Rs100 (US$1.60) and Rs10,000 with the annual transaction limit set at Rs1lakh (US$1,611).”

Kotak launches P2P payments for Facebook

October 21st, 2014

Kotak Mahindra Bank has launched a bank-agnostic payment service for Facebook that will enable 250 million Indian bank account holders to transfer money by choosing a recipient’s name from their friends list. “KayPay offers a safe and secure platform to transact on the social networking site through a two-level authentication — Facebook user ID and password, and a one-time password,” the bank explains. “Further, both sender and receiver immediately receive notifications via SMS and on Facebook about the transfer.”

Mahindra opens NFC test lab

February 24th, 2014

An NFC test lab has been opened in Bangalore, India by Tech Mahindra. The lab meets the NFC Forum’s first wave testing requirements and “also has the infrastructure to meet the upcoming wave two test requirements of the Forum.”

Gionee adds Elife E7 NFC phone

January 17th, 2014

The Indian arm of Chinese phone maker Gionee Smartphones has launched a flagship handset with NFC. The Elife E7 includes 16 megapixel rear and 8 megapixel front facing cameras, a 5.5-inch Full HD display and runs Gionee’s Android 4.2 Jelly Bean-based Amigo 2.0 OS. 3G and 4G options are available.

Yebhi.com launches NFC and QR virtual stores in Indian coffee shops

May 22nd, 2013

“With the virtual store, we are taking online shopping to the next level by touching base with our customers and allowing them to shop from anywhere, anytime,” says the online fashion and lifestyle portal’s Nikhil Rungta.  More

Chennai Metro investigates NFC

May 14th, 2013

Chennai Metro Rail Limited (CMRL) plans to include an NFC ticketing option when its service launches in 2015. “CMRL officials said they were working on a facility that would be incorporated in smartphones so that the AFC gate could identify it as a ticket and deduct money from the user’s account, depending on the distance he or she was planning to travel,” The Hindu reports.

Madhya Pradesh to offer NFC info

April 29th, 2013

Madhya Pradesh Tourism Development Corporation is to use NFC and QR codes to provide tourists with information at heritage centres, The Times of India reports. By tapping a tag or scanning a code at the popular Khajuraho and Orchha tourist destinations, visitors who download the mobile app will be able to access detailed information, videos and pictures on their mobile phone in Hindi, English, Japanese, French and Mandarin.

JusTap adds NFC coupons

April 16th, 2013

Mumbai-based JusTap! has announced JusPocket, an NFC couponing platform that allows brands to run multiple coupon and deal campaigns in real time. JusPocket can be integrated into POS systems or accessed from a web browser, the company says.

Full list of NFC trials, pilots, tests and live services around the world...

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