News about Bangalore.
May 6th, 2016
Customers of State Bank of India (SBI) can now make QR code-based mobile payments using mVisa, the mobile payment platform unveiled by Visa and piloted by SBI in August 2015. “Bank customers can simply download the latest version of SBI Anywhere application and register for mVisa payments by simply clicking the mVisa icon on the home screen,” SBI says. “In the first phase, SBI’s mVisa service has been introduced in Bangalore city — this facility will be gradually expanded to other cities.”
November 16th, 2015
State Bank of India (SBI) is to launch Batua, a mobile wallet service that works on feature phones, The Economic Times reports. “The bank is also planning to launch another version of Batua for very basic phones which does not offer internet access and does not entail downloading any app.” SBI is one of six banks currently testing a mobile payments service developed by Visa in Bangalore.
October 13th, 2015
Bangalore-based Ultracash Technology Labs has launched a mobile payment service that lets consumers make payments at close to 500 merchants in the city using a high frequency sound-based technology. Some 24,000 transactions were conducted using…
August 10th, 2015
Bangalore-based Ezetap has raised Rs150crores (US$23.5m) to expand its mPOS solution of configurable mobile app and card reader that plugs into a merchant’s mobile device. “Ezetap is already activating over 500 new small retail merchants a week and will use some of its funds to increase that by five times in the next few months,” the company says.
August 6th, 2015
India’s Axis Bank, HDFC Bank, ICICI Bank and State Bank of India (SBI) are to pilot a mobile payment service developed by Visa this summer that will let select customers make in-store, online and bill payments as well as send and receive money using their mobile devices.
December 1st, 2014
Indian restaurant chain Adigas is rolling out NFC payments to its customers in partnership with mobile payment company iKaaz, starting first in its Brahmin’s Coffee Bar in south Bangalore. “NFC cards/tags are issued to customers [and] mapped to their mobile phones to enable micro-payments,” Iamin reports. “Customers can load amounts between Rs100 (US$1.60) and Rs10,000 with the annual transaction limit set at Rs1lakh (US$1,611).”
June 5th, 2014
Bangalore-based iKaaz is to expand its NFC payments platform to Kenya. Following its introduction to Nigeria earlier this year, the mobile payments provider has joined with Kenya’s Family Bank and local partner Edge financial systems to provide customers with Tap & Pay options in both retail and transport.
February 27th, 2014
Bangalore-based NFC payments provider iKaaz is taking its technology to Nigeria, in partnership with First City Monument Bank. The company, founded by former Nokia Money employees, offers an mPOS device, mobile wallet and NFC stickers that are tied to the customer’s bank account. SMS-based payments are also supported.