Indian mobile wallet provider MobiKwik says it is ready to serve 300m users, up from its current 35m customer base, in the wake of the government’s withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes from circulation. A spokesman says it has registered 18 times growth in transactions since the announcement of demonetisation earlier this month and is gearing up to accept 100m daily transactions. Mobile financial solutions provider Mahindra Comviva told NFC World demonetisation would make mobile payments the “de-facto payment mode” in India.
- Samsung Pay launches in Sweden and the UAE, enters early access in Hong Kong and Switzerland
- bPay contactless wearables enable automatic donations to UK charities
- UK restaurant chains test digital mobile banking receipts tied to customer purchases
- Apple marks Earth Day with Apple Pay donations
- WeChat Pay and offline mobile payments see “incredibly high” uptake in China