Indian consumers can now submit prescriptions, buy medicines, find doctors and book appointments through online pharmacy Easymedico using First Global Data subsidiary Msewa’s VPayQwik mobile wallet... More
India
Call to ‘digitise Indian rupee’ using blockchain
“The time is ripe” for the adoption of blockchain technology in India, according to the Reserve Bank of India’s research arm which believes the technology has the potential to digitise the country’s fiat currency... More
Mobile wallet provider to launch payments bank
Indian mobile payments provider Paytm has been granted permission from the Reserve Bank of India to formally launch a payments bank... More
State Bank of India blocks Paytm mobile wallet transfers
State Bank of India has stopped its customers from transferring money into Paytm mobile wallets, instead encouraging them to make use of its own State Bank Buddy service... More
Mahindra Comviva adds chatbot payments to mobile wallet
PARTNER NEWS: Customers using mobile financial services firm Mahindra Comviva’s Mobiquity Wallet can now make payments through a chatbot integration designed to assist consumers “through their digital payments journey with their banks”... More
Free insurance offer for mobile wallet
Indian consumers using the FreeCharge mobile wallet will have their wallet balance of up to Rs 20,000 (US$293) insured free of charge, Economic Times reports, as long as they are making transactions using the service at least once a month, through a partnership with Reliance General Insurance... More
Amazon India launches online wallet
Indian shoppers on Amazon India can now store funds and complete online purchases in a new feature called Amazon Pay Balance, Live Mint reports... More
Mahindra Comviva takes digital payment services to the cloud
PARTNER NEWS: Mobile financial solutions firm Mahindra Comviva’s Mobiquity Wallet and PayPlus digital payment services are now available in the cloud, enabling banks to “deploy services faster, adapt to markets quicker and serve their customers better”... More
Samsung Pay prepares for India launch
Samsung Pay is testing its mobile payment service in India, and could be launched there in the first half of 2017, SamMobile reports... More
Indian merchants get new digital payments service
Vodafone India has unveiled Vodafone M-Pesa Pay, a digital payment solution allowing merchants to receive payments from customers using their M-Pesa wallet, bank account, or debit or credit card... More
India Reserve Bank drops two-factor authentication
The Reserve Bank of India has removed two-factor authentication — involving the use of one-time passwords sent to mobile phones — for online card transactions up to Rs 2,000 (US$29), Live Mint reports... More
Indian payments app ties up 15 mobile wallets
The Andhra Pradesh Government has launched the AP Purse mobile payment app, an Android service tying up 15 mobile wallets and payment gateway apps, including Paytm, MobiKwik and Freecharge, Live Mint reports... More
Indian government working on Aadhaar mobile payments app
The Government of India is working on a mobile app that can be used by shopkeepers and merchants for receiving Aadhaar-authenticated payments, “bypassing credit and debit cards, PIN and password”, Business Standard reports... More
Paytm suspends App POS feature
Indian mobile payment provider Paytm has suspended a new feature in its mobile app two days after its launch, citing the need to “add additional certifications and features” before making it available again... More
India’s Reserve Bank increases mobile wallet limit
The Reserve Bank of India (RBI) has increased the limit of money that can be kept in a mobile wallet to Rs 20,000 (US$291) from Rs 10,000 (US$145.5) following the withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes... More
Indian mobile wallet ‘ready for 300m users’
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... More
Mumbai Metro to get Paytm mobile ticketing
Commuters on the Mumbai Metro service will soon be able to pay for journeys using mobile payments platform Paytm... More
RBL Bank brings Masterpass QR mobile payments to India
Customers of India’s RBL Bank can now make QR code-based mobile payments using Mastercard’s Masterpass QR mobile payments solution, which has been integrated as a payment option within the bank’s OnGo mobile wallet... More
Mobile payments to become ‘de-facto payment mode’ in India after banknote change
Mobile payment transaction volume in India is expected to grow more than 90% each year over the next five years, with digital payments becoming the “de-facto payment mode” in the country, in the wake of the government’s withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes... More
Indian bank unveils AI-powered robot helper
India’s first artificial intelligence banking robot has made its debut in a branch of City Union Bank in Chennai, The Times of India reports... More