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    India

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

    Micromax to launch NFC mobile payments with TranServ and Visa

    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. More

    FreeCharge adds chat payments to mobile wallet app

    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.

    MobiKwik lets mobile wallet users find local merchants

    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.

    ICICI Bank launches HCE mobile payments in India

    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. More

    Paytm aims to sign up 4m stores in India for mobile payments

    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.

    Nielsen reports on mobile wallet market in India

    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.  More

    India’s Freecharge wallet signs another mPOS network

    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.

    Visa Checkout heads to six new markets

    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.

    Yes Bank customers get sound-based mobile payments

    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.

    FreeCharge takes mobile payments to ePaisa network

    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.

    Axis Bank customers to get NFC wearables

    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.

    MoboMoney takes sound-based mobile payments to India

    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. More

    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.”

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

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