News about the NFC market in India — trials, pilots, tests and live services.
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.
February 16th, 2016
Mobile wallet provider FreeCharge has partnered with mPOS company ePaisa to offer its services to “thousands” of retailers across India. “Customers paying through the FreeCharge wallet will also be able to avail exciting offers including cashbacks and additional discounts on spends at the registered merchants,” FreeCharge says. The partnership follows the launch of FreeCharge in 216 Indian McDonald’s restaurants.
February 11th, 2016
India’s Axis Bank has partnered with fitness technology provider GOQii to develop a wearable device that will allow its customers to make contactless payments. “The device will allow consumers to make NFC payments and will come loaded with the regular fitness related features like the coach etc that the GOQii bands come with,” the bank’s Rajiv Anand told Economic Times. The two companies expect to roll out the device in the coming months.
February 8th, 2016
Indian consumers can now make payments at participating retail locations using their mobile device and sound based technology developed by startup ToneTag. The feature has been integrated into MoboMoney, an NFC payments platform launched by information technology provider Tech Mahindra in December 2015, to extend the service to a greater number of mobile devices and merchants across the country.
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…
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…
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.
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).
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.