Paytm introduces NFC payments in India

Paytm Tap Card launched, allows offline payments in less than a second — NDTV — “There are a large number of people who at times do not have access to the internet or they have a limited daily budget so they shy away from using online payments. For them, we offer the Paytm Tap Card to enable seamless offline payments. For ensuring a wider acceptance, we are also reaching out to the merchants and are actively enabling them with NFC POS terminals to accept payments.”


Facebook to launch Messenger payments in India

Facebook ready to enter payments in India, begins beta with recharges on Messenger — FactorDaily — “Two sources in the know of the development told FactorDaily that Facebook has been quietly working on building a payments platform, which is independent of WhatsApp payments. ‘The platform will be separate from WhatsApp and will allow peer-to-peer and peer-to-merchant payments,’ said the first source.”


Samsung Pay rolls out its rewards program in India

Samsung Rewards now rolling out to Samsung Pay users in India — Financial Express — “Samsung India on Thursday rolled out Samsung Rewards for the users of its mobile payments service Samsung Pay in India where they can collect and redeem ‘points’ to purchase the company’s devices. The programme is already available for Samsung Pay users in other global markets, including South Korea, the US, China, Spain, Singapore, Australia, Puerto Rico, Brazil, Russia, Thailand and Malaysia.”




India to add face biometrics to Aadhaar national ID platform

Will introduce ‘Face ID’ on July 1 for Aadhaar authentication, UIDAI tells Supreme Court — The Hindu — “The Unique Identification Authority of India (UIDAI) informed the Supreme Court on Thursday that it will introduce ‘Face ID’ on July 1 to enable Aadhaar holders to authenticate their identity to access services, benefits and subsidies. The ‘Face ID’ would help people without biometrics or those with poor biometrics to avoid authentication failures and financial exclusion.”


Carriers in Singapore, India, Thailand and the Philippines to link their mobile wallet services

Singtel to launch mobile wallet tie-up with regional associates — The Straits Times — “The Singtel Group plans to roll out mobile wallet interoperability across its network of regional associates in Asia by mid-2018… Mobile wallet customers of Singtel and the group’s various associate telcos would then be able to make cashless payments in their home currency, using their home telco’s app, at physical merchants while abroad… Singtel’s goal is to bring the Philippines’ Globe, Indonesia’s Telkomsel and India’s Airtel on board from the second half of 2018 onwards, pending regulatory approval. Regulators have already given the green light for the partnership between Singtel’s Dash payments app and Thai counterpart myAIS.”


Google adds chat feature to Tez mobile payments app

Google integrates chat option on Tez payments app — Economic Times — “Google has integrated a chat option in the Google Tez application and is slowly rolling it out to its 13.5 million active users, taking the competition directly to WhatsApp… The payment application which runs on the Unified Payments Interface railroads will now allow consumers to not only send money to each other but also open up an option for conversation around the transaction.”


Google to add NFC to its Tez audio QR payments platform

Google pay app Tez to add ‘tap n pay’ option — The Times of India — “Users of Google’s Tez will soon be able to load their cards and enable ‘tap and pay’ in the payments app. The internet giant also plans to make Tez payments available for other Google products as well, which means that users in future will be able to make payments through email and see shops accepting Tez on Google Maps.”


Survey: India now has a higher percentage of citizens with a mobile wallet than China

Mobile wallet is gradually displacing cash in India, says GlobalData — GlobalData — “India is one of the top markets globally in terms of mobile wallet adoption with 55.4% survey respondents indicating that they have a mobile wallet and use it. India is followed by China and Denmark… Mobile wallet transactions grew manifold in last five years, rising from R24bn (US$370.6m) in 2013 to R955bn ($14.74bn) in 2017, and will surpass R1tn ($15.44bn) mark in early 2018.”


WhatsApp Payments enters beta testing in India

WhatsApp Payments is almost here, shows up on WhatsApp Beta — Gizmo Times — “The latest WhatsApp beta version has started showing the Payment option in the attachments list. The payments will be through UPI (Unified Payments Interface) but for now, it is only showing the list of banks and also the bank account that is linked, but the account is not getting added. This indicates the final stage of inclusion of WhatsApp payments system on the Android app.”


Ride-hailing app Grab acquires mobile payments startup iKaaz

Grab announces acquisition of Bangalore-based payments startup iKaaz — Grab — “The rich functionality of iKaaz’ mobile payments platform and its experienced leadership team will accelerate feature development and partner integration of GrabPay, Grab’s payments platform. Already Southeast Asia’s #1 ride-hailing platform, Grab is expanding across all markets in Southeast Asia in 2018 with the goal of becoming the region’s universal payments platform.”


India to add face recognition to Aadhaar biometric ID system

Now, face recognition to authenticate Aadhaar, but with biometrics or OTP — Times of India — “To be made available by July 1, the face authentication option will be allowed in combination with fingerprints, or iris scans, or an OTP to verify the details of Aadhaar users… Face authentication will not require any new reference data as photos of citizens are already on the Aadhaar database.”



India adds tokenization to Aadhaar national biometric ID system

Aadhaar adds fresh security layer with 16-digit ‘Virtual ID’ — Times of India — “UIDAI’s Virtual ID, which will be issued from March, will allow over 119 crore [1.19bn] Aadhaar holders to generate a 16-digit temporary number that can be shared with a bank, insurance company or telecom service provider instead of the 12-digit Aadhaar number. All service providers will have to upgrade their systems to mandatorily allow for the new tool from June.”


Alipay pushes into Hong Kong, India, Thailand and the Philippines with Christmas shopping festival

Alipay to hold online 24-hour Christmas shopping festival as part of expansion push — South China Morning Post — “The event will take place in Hong Kong, India, Thailand and the Philippines with Alipay partners in each location: Hutchison in Hong Kong, Paytm in India, Truemoney in Thailand and GCash in the Philippines… As part of the December event, the AlipayHK joint venture has partnered with more than 8,000 bricks-and-mortar stores to offer exclusive gifts, discounts and rewards.”


One in three ‘connected consumers’ in India now use mobile payments

Kantar TNS study reveals the rise of mobile payments in India — Kantar TNS — “Mobile payments have seen a sharp rise with one in three (35%) connected consumers in India using it. The popularity of mobile payments in India is also revealed by the number of regular users, with 23% saying they use mobile payments at least once a week. The results of the study showed that India (35%) is ahead of other APAC countries like Indonesia (9%) and Philippines (7%) but has still a lot of catching up to do with the likes of China (94%) and Singapore (65%) where mobile payments have become a more regular habit.”


Google reports 12m Tez mobile payments users in India

Google for India: Building India-first products and features — Google — “Our India-first mobile payments app Tez has seen huge growth in its first 10 weeks. Tez has processed over 140m transactions from nearly 12 million active users. There are more than 525,000 merchants already on Tez, using it to take payments, pay their suppliers or transfer money to employees… In the coming weeks, Tez will start rolling out a customized experience to pay bills right in the app. More than 70 billers will be supported, including utilities and direct-to-home service providers.”


Paytm CEO sets out plans to become the world’s largest digital bank

Alibaba-backed Paytm aims to become world’s largest digital bank — Bloomberg — “Paytm Payments Bank aims to create the world’s largest digital bank with 500m accounts, envisioning an online financial services provider of everything from wealth management to credit cards and stock market trading… The bank grew out of Paytm’s digital wallet, which amassed over a hundred million customers after India took high-denomination bills — or nearly 90% of the value of cash — out of circulation last November.”


Juniper forecasts 375m NFC ticketing users by 2022

NFC mobile ticketing users to reach 375 million users by 2022, despite a slow start — Juniper Research — “The number of mobile users adopting NFC ticketing will exceed 375 million by 2022, up from an estimated 122 million in 2017. While there is rapid growth in NFC ticketing in European markets, Juniper has scaled back NFC ticketing adoption in many other markets, such as the US, India, and Africa, due to the lack of available services and infrastructure.”


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