News about the NFC market in India — trials, pilots, tests and live services.
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”.
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.
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).
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.”
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.
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”.
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.
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).”
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.”
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.”
January 17th, 2014
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.
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.
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.
April 16th, 2013
April 16th, 2013
March 25th, 2013
NEC has launched a turnkey prepaid payments service that includes cloud-based system servers, cards, smartphone apps and payment terminals and is available in both Japan and internationally. The Integrated Electronic Money Solution provides customers with…
February 25th, 2013
January 7th, 2013
January 7th, 2013
New Delhi-based mobile wallet provider xpWallet has introduced an NFC ticketing solution for bus and train operators that lets commuters purchase tickets from conductors equipped with NFC phones. Travellers can either tell the conductor their destination and tap a contactless travel card or NFC phone to the conductor’s device to buy a ticket, or they can tap the conductor’s phone on both entry and exit so that the closed loop system can calculate and charge the right fare.