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

    Study reveals global views on payment data security

    January 27th, 2016

    A 16-page study that presents findings from research into how companies approach payment data security is now available to download from the NFC World Knowledge Centre. The study also reveals why IT professionals believe the risk… More

    McDonald’s rolls out FreeCharge mobile payments to 216 Indian restaurants

    January 20th, 2016

    McDonald’s customers across West & South India can now pay for their orders in-store using their mobile device. The fast food chain has implemented support for mobile wallet provider FreeCharge in 216 restaurants across 26… More

    Paytm trials sound-based payments

    January 15th, 2016

    Indian mobile payment platform Paytm is trialling a Sound Pay feature that will enable users of its mobile app to make in-store payments via ultrasonic sound waves which transmit data — including payment amount and customer credentials — to the point of sale. “Once the consumer’s app transmits data, the seller’s app checks whether there is enough money in the Paytm wallet before the transaction is completed,” Economic Times reports.

    Mumbai commuters test mobile ticketing

    January 12th, 2016

    Commuters in Navi Mumbai, India, are piloting a service provided by Birds Eye Systems that lets them pay for bus fares on their mobile phone. “The bus conductors carry a mobile device which can verify the e-ticket from the app,” Medianama reports. “The Ridlr app connects with a bus conductor’s mobile device via a combination of Bluetooth and wireless technology.” The pilot is being conducted in partnership with Navi Mumbai Municipal Transport (NMMT).

    Alipay parent seeks $1.5bn investment

    January 7th, 2016

    Alibaba affiliate Ant Financial, owner of mobile payment platform Alipay, is seeking an investment of at least 10bn yuan (US$1.5bn) ahead of a planned initial public offering, Bloomberg reports. “Ant Financial may use money from the current fundraising for acquisitions,” the publication says. Ant Financial made a strategic investment in Indian mobile payment platform Paytm in September 2015 after closing a Series A financing round that valued Ant Financial at more than US$45bn.

    In-store mobile payments increase four-fold across the US

    December 11th, 2015

    The use of in-store mobile payments increased nearly four-fold across the US this year, from 5% in 2014 to 18% in 2015, research from Deloitte reveals, with approximately one in five consumers using their phone… More

    Mahindra Comviva wins innovation awards

    December 3rd, 2015

    PARTNER NEWS: Mahindra Comviva has picked up prizes at India’s annual Aegis Graham Bell Awards, winning in both the mcommerce and the m-money categories with its Mobiquity Money solutions. “We are honored to receive the most prestigious award of the telecom sector as it demonstrates our market leadership in the mobile financial space,” says Srinivas Nidugondi, the company’s head of mobile financial solutions.

    India’s Oxigen Wallet to add virtual prepaid cards?

    November 18th, 2015

    Indian mobile wallet provider Oxigen Wallet is in talks with Visa, MasterCard and RuPay over launching virtual prepaid cards in the country, Economic Times reports. “Today, a wallet is accepted at a merchant’s platform only if the merchant has agreed to accept it,” chief executive Ankur Saxena said. “This (virtual prepaid card) allows us the freedom to have the wallet accepted anywhere a Visa, MasterCard and RuPay gets accepted. We don’t want our wallet to be limited to X number of merchants; we want it to be used everywhere.”

    India’s Ola Cabs adds mobile payments

    November 16th, 2015

    Indian mobile cab hailing service Ola Cabs has launched Ola Money, which lets customers load funds into a mobile app and use them to pay their fare. “Your Ola Money is automatically deducted when you complete a ride,” the company says. Ola announced plans in August 2015 to apply for a mobile wallet licence from the Reserve Bank of India (RBI).

    SBI to launch feature phone wallet

    November 16th, 2015

    State Bank of India (SBI) is to launch Batua, a mobile wallet service that works on feature phones, The Economic Times reports. “The bank is also planning to launch another version of Batua for very basic phones which does not offer internet access and does not entail downloading any app.” SBI is one of six banks currently testing a mobile payments service developed by Visa in Bangalore.

    India’s Paytm moves into banking

    November 12th, 2015

    Indian mobile wallet provider Paytm is to hire 3,000 people to roll out its payments bank services by the first quarter of next year. “The structure of the executive committee for the payments bank is being given shape, while Paytm awaits a final nod from the Reserve Bank of India,” The Times of India reports. The company agreed a “strategic investment” from Alibaba and its affiliate Ant Financial in September.

    Mumbai airport launches augmented reality and BLE beacon app

    November 6th, 2015

    Passengers at Mumbai’s GVK Chhatrapati Shivaji International Airport (CSIA) can now navigate through Terminal 2 using a mobile app and interactive maps based on augmented reality and Bluetooth Low Energy (BLE) beacons. “The app works on an innovative platform developed on the combination of Indoor Atlas and iBeacon technologies that creates magnetically modelled maps and provides location-based information,” CSIA says.

    Citrus Pay raises $25m

    October 19th, 2015

    Indian payment services provider Citrus Pay has raised approximately US$25m from a consortium of new and existing investors. “The latest round, which closed almost a month ago, values the company around $90m to $100m,” India’s Economic Times reports. Citrus Pay announced a partnership with gift card solutions provider Qwikcilver to enable in-store mobile payments using gift cards and vouchers last month.

    Ultracash launches sound-based mobile payment service in Bangalore

    October 13th, 2015

    Bangalore-based Ultracash Technology Labs has launched a mobile payment service that lets consumers make payments at close to 500 merchants in the city using a high frequency sound-based technology. Some 24,000 transactions were conducted using… More

    ICICI Bank launches mVisa mobile payments

    October 9th, 2015

    ICICI Bank has become the first Indian bank to launch a mobile payment service based on Visa’s mVisa solution, which was unveiled in August 2015. “With this service, users of Pockets can make cashless payment from their smartphones using their debit card by simply scanning an mVisa QR code at a merchant location,” the bank says.

    Alibaba and Ant Financial make “strategic investment” in India’s Paytm

    September 29th, 2015

    Chinese e-commerce giant Alibaba and its affiliate Ant Financial are to make a “strategic investment” believed to be worth some US$680m in Indian mobile payment platform Paytm through an agreement with its parent company One97 Communications…. More

    Citrus Pay enables in-store mobile payments via gift cards

    September 28th, 2015

    Indian payment services provider Citrus Pay has announced a partnership with gift card solutions provider Qwikcilver to enable its 17m users to make in-store mobile payments using a gift card or voucher generated in Qwikcilver’s… More

    Indian mobile wallet market to reach US$6.6bn by 2020

    September 23rd, 2015

    India’s mobile wallet market will be worth US$6.6bn by 2020, research from TechSci Research reveals. “The mobile wallet market in India is projected to exhibit exponential growth during the forecast period on account of rising smartphone penetration rate, growing mobile internet user base and increasing government support,” the company says. “Mobile wallet companies operating in India are also offering attractive deals and incentives to attract new users.”

    Axis Bank launches mobile wallet that uses sound for in-store payments

    September 21st, 2015

    India’s Axis Bank has launched Lime, a mobile wallet that combines banking, shopping and payment services and lets customers make in-store purchases using an encrypted audio signal generated by their device. “The pay feature will allow… More

    Future Group to launch mobile wallet in India

    September 17th, 2015

    Indian retail conglomerate Future Group is in the process of launching its own mobile wallet, CEO Kishore Biyani has revealed. “In the next two years, we will have more than 40 wallet companies in the country; there has to be value addition in whatever idea you do. We are also launching our wallet now,” Biyani told visitors to the India Retail Forum (IRF), Business Standard reports.

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