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    India

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

    Mahindra Comviva explores the evolution of digital payments in India

    April 25th, 2017

    The most obvious recent change in the payments landscape across India is the significant increase in the number of digital payments taking place in both urban and rural areas as a result of the measures taken by the Indian government to push the cashless initiative to the top of the nation’s agenda, says Mahindra Comviva’s senior vice president and head of mobile financial solutions. More

    Amazon gets approval for digital wallet in India

    April 24th, 2017

    Amazon India has been granted a payment license by the Reserve Bank of India (RBI) to operate its own prepaid wallet in the country. “This will allow us to help customers adopt digital payments at scale and thereby contribute towards making India a less cash economy,” the company’s Sriram Jagannathan told The Indian Express. The move follows the launch of Amazon Pay Balance in India in December 2016.

    WhatsApp to launch UPI-based payments in India?

    April 5th, 2017

    Messaging app WhatsApp is exploring India’s Unified Payments Interface (UPI) platform “among other payment modes” for launching a P2P mobile payment service in the country. “For WhatsApp, which has 200m users in India, integrating UPI instead of building its own wallet would likely be a better option given the stricter guidelines for wallets put out by the Reserve Bank of India,” Economic Times reports.

    Samsung Pay opens early access phase in the UAE

    April 4th, 2017

    Samsung Pay has launched an early access program in the UAE with support from Mastercard and Visa and a number of banks including Mashreq Bank, ADCB, Rakbank, Emirates NBD, Standard Chartered and NBAD. The mobile payment service is fully available in 12 markets including South Korea, the US, China, Spain, Singapore, Australia, Puerto Rico, Brazil, Russia, Thailand, Malaysia and, most recently, India. Samsung Pay will also be available for online payments later this year.

    Samsung Pay expands on online payments plan

    April 3rd, 2017

    Samsung Pay will be available for online payments at “hundreds of thousands of merchants around the world” where Visa Checkout is accepted later this year. The news follows an announcement by the company’s Justin Denison at Samsung Unpacked 2017 last week that the service was heading online through “strategic partnerships”. More

    Samsung Pay goes live across India with support for Paytm and UPI money transfers

    March 22nd, 2017

    Samsung Pay has launched in India with support from Visa, Mastercard, American Express, Axis Bank, HDFC Bank, ICICI Bank, SBI Cards and Standard Chartered Bank, with Citibank India support expected “shortly”. The service has also integrated India’s leading mobile wallet Paytm and comes with support for peer-to-peer money transfers through the Indian government’s Unified Payments Interface platform. More

    Paytm adds insurance to mobile wallet

    March 21st, 2017

    Indian mobile wallet provider Paytm has added an insurance feature to its service that covers users for fraudulent transactions of up to Rs 20,000 (US$306) due to loss of device or unauthorised access to the service. “All Paytm users with balance in their wallets would be automatically covered under this scheme at no additional cost and the lost money would be refunded to their Paytm Wallets,” the company writes in a blog post. Indian mobile wallet FreeCharge also added insurance to its service in December 2015.

    Samsung Pay set for India launch on 22 March

    March 21st, 2017

    Samsung Pay will officially launch in India on 22 March, according to Gadgets 360. “Samsung has sent out invites for an event on Wednesday, March 22, where it says it will be ready with the next revolution,” the publication says. Samsung Pay launched an early access program in India earlier this month. “Presumably, more details on commercial availability will be unveiled on Wednesday.”

    Paytm ‘goes global’ with payment app in Canada

    March 17th, 2017

    Indian mobile wallet provider Paytm has launched in Canada, marking the service’s first expansion outside India. The Paytm Canada app allows consumers to make bill payments and will “soon expand” to add a “full line-up of new use cases”, Paytm says. The company is currently targeting 10m merchants to accept its QR code-based service for in-store payments in India and aims to set up its own payments bank.

    Starbucks takes mobile payments to India

    March 16th, 2017

    Starbucks customers in India can now use their phones to pay for orders and earn loyalty program ‘Stars’ following the launch of the Starbucks India app. The prepaid service is being rolled out by Tata Starbucks — a joint venture between the coffee chain and Tata Global Beverages — which claims it is the “first major retailer in India to offer customers a mobile payment option linked to a loyalty program”.

    India opens way for direct mobile wallet transfers?

    March 16th, 2017

    Indian mobile wallet users could soon be able to transfer money directly to each other, regardless of the service they use, if the Reserve Bank of India (RBI) goes ahead with plans to open up the Unified Payment Interface (UPI) platform to mobile wallet providers. “RBI is expected to issue guidelines shortly on interoperability and know your customer (KYC) norms for digital wallet companies,” sources told Economic Times. “RBI will also decide on the interchange fees between the wallets for them to be able to access the UPI framework.”

    Safe mobile recharge service for women to roll out across India

    March 15th, 2017

    PARTNER NEWS: A service to improve women’s safety, by allowing them to recharge their prepaid mobile account at any retail outlet with a private code generated by SMS rather than their phone number, will roll out across India later this month. The Private Recharge service from mobile financial solutions firm Mahindra Comviva and wireless operator Idea Cellular aims to address “security concerns of women customers”.

    Samsung Pay to work with budget smartphones in India?

    March 13th, 2017

    Samsung is planning to make Samsung Pay available on its non-premium smartphones in India, including its budget J series models, according to Mashable sources. It is likely that Samsung will make this possible through Samsung Pay Mini, the pared-down version of Samsung Pay unveiled in February 2017. Samsung Pay launched through an early access programme in India last week.

    Sweden becomes first Nordic country to get Samsung Pay

    March 9th, 2017

    Samsung Pay has launched in beta across Sweden, the first Nordic country to see the mobile payment service rolled out, with support from debit and credit card providers Mastercard, Mastercard SAS, Visa, Eurocard, and banks… More

    India calls for mobile banking for all by 31 March

    March 6th, 2017

    The Indian government has called on banks to provide mobile banking to all customers by the start of April 2017, The Indian Express reports. The Ministry of Electronics and Information Technology (MEIT) has issued an advisory to banks to “enable mobile seeding, Aadhaar seeding of bank accounts, along with enablement of mobile banking for all its savings bank customers by 31 March 2017”.

    Samsung Pay to launch in India with support from five Visa and Mastercard issuers — and Paytm

    March 2nd, 2017

    Samsung has begun inviting Galaxy phone owners in India to register for early access to Samsung Pay. Customers can opt to pre-register Axis Bank, HDFC Bank, ICICI Bank and Standard Chartered Bank debit or credit cards and SBI Cards credit cards today with support for American Express and Citibank to follow. Paytm’s market leading mobile wallet will also be supported by the service. More

    Mastercard and Visa expand availability of QR payments

    February 28th, 2017

    Visa’s mVisa QR-based mobile payment service is now live in India, Kenya and Rwanda and will soon be available in Egypt, Ghana, Indonesia, Kazakhstan, Nigeria, Pakistan and Vietnam, the company has announced at Mobile World Congress in Barcelona. Mastercard’s Masterpass QR service, meanwhile, is now available in seven countries in Africa and Asia — Kenya, Pakistan, Nigeria, Rwanda, Tanzania, Uganda and Ghana.

    More than 500m people now have a mobile money account

    February 28th, 2017

    Over half a billion mobile money accounts have been registered in 92 countries, with 1.3bn transactions processed in December 2016 alone, research from GSMA reveals. In its sixth ‘State of the Industry Report on Mobile… More

    India Post to enable Aadhaar money transfers

    February 24th, 2017

    India Post is to allow consumers to send and receive money using only their Aadhaar number from September 2017, when the government-operated postal system launches its own payments bank. “We will bring out a solution to make Aadhaar a payment address,” IndiaPost CEO AP Singh told The Economic Times. “People who already have an Aadhaar should be able to receive payment from any source.”

    India’s Mobikwik aims to triple user base in 2017

    February 23rd, 2017

    Indian mobile wallet MobiKwik is to invest Rs 3bn (US$45m) to triple its user base and raise the total volume of transactions on its platform to $10bn in 2017, The Times of India reports. “MobiKwik said the investment will help it triple its user base to 150m and drive up annual gross merchandise value by year end from the current $2bn,” the report says.

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

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