News about Iamwire.
August 11th, 2015
Indian mobile payment provider ToneTag, which enables contactless payments through mobile phones using sound waves or NFC technology, has raised US$1m from Reliance Capital. “ToneTag works on all mobile devices including feature phones and does not require any capital investment in existing infrastructure,” Iamwire reports.
September 24th, 2014
Tencent’s instant messaging app WeChat can now be used to make payments in the retail stores of nine Chinese merchants including DQ Ice Queen, NUS Pharmacy, Rainbow, One Plus One, Lotus, Good Neighbours, Baby Room, Minsheng Department Store and NUS 365, according to Iamwire. “Whenever they click into the credit card function, there will be a two-dimensional code for scanning and barcode on the screen, respectively,” the report explains.