Mobile Wallet

Showing of 1 - 20 from 55 results
Mobile Wallet - Total results - 55
Cash crunch: Mobile wallet companies see spike in digital transactions
Business

Cash crunch: Mobile wallet companies see spike in digital transactions

Mobile wallet companies including Paytm, Mobikwik and Flipkart-owned PhonePe on Wednesday said they have seen a significant jump in digital transactions amid a recent currency shortage at ATMs and banks in some parts of the country

MobiKwik drops its fundraising plans and will focus beyond wallets in 2018
News & Analysis

MobiKwik drops its fundraising plans and will focus beyond wallets in 2018

MobiKwik has ploughed-in $2.5 million (roughly Rs. 16 crores) for launching a business to business (B2B) product

Paytm draws up Rs 20,000 cr investment plan, to break even in two years, says CEO Vijay Shekhar Sharma
Business

Paytm draws up Rs 20,000 cr investment plan, to break even in two years, says CEO Vijay Shekhar Sharma

The company will invest Rs 5,000 crore over the next two years in its financial and payments services

Banks and securities firms in India to invest heavily in contactless payment; IT spending to increase to $9.1 bn: Gartner
News & Analysis

Banks and securities firms in India to invest heavily in contactless payment; IT spending to increase to $9.1 bn: Gartner

Firms in the banking and securities industry are investing more in devices to upgrade their existing infrastructure.

MobiKwik appointments new business head; aims at $500 billion in digital payments by 2020
News & Analysis

MobiKwik appointments new business head; aims at $500 billion in digital payments by 2020

"I am excited to join MobiKwik Payment Gateway at a time when mobile digital payments are at an inflection point," said Rukaiya Rangwala.

MobiKwik to invest 60-80 crore on marketing and promotions to get more customers on board
News & Analysis

MobiKwik to invest 60-80 crore on marketing and promotions to get more customers on board

Mobile wallet companies like Paytm and MobiKwik have also seen manifold growth in transactions as well as new users coming on board.

Mobile wallet MobiKwik relaunches its payment gateway Zaakpay as 'MobiKwik Payment Gateway'
News & Analysis

Mobile wallet MobiKwik relaunches its payment gateway Zaakpay as 'MobiKwik Payment Gateway'

Indian mobile wallet major MobiKwik on Wednesday said it has relaunched its payment gateway Zaakpay as "MobiKwik Payment Gateway".

Punjab National Bank and BSNL team up to bring mobile wallet Speedpay to 10 states in India
News & Analysis

Punjab National Bank and BSNL team up to bring mobile wallet Speedpay to 10 states in India

Punjab National Bank and state-run firm BSNL today teamed up to roll out open mobile wallet Speedpay across 10 states in the country.

Online mobile wallet industry to reach Rs 32 billion by 2021; to be valued at about Rs 32 trillion
News & Analysis

Online mobile wallet industry to reach Rs 32 billion by 2021; to be valued at about Rs 32 trillion

The mobile wallet industry is expected to maintain the pace of its current expansion with transaction volume expected to touch 32 billion by 2022.

MobiKwik looking to raising $100 in funding this year as it heads towards expansion
News & Analysis

MobiKwik looking to raising $100 in funding this year as it heads towards expansion

Mobile wallet companies like Paytm and MobiKwik have witnessed significant growth in number of users as well as volume of transactions on their platforms.

Axis Bank set to buy Freecharge from Snapdeal for about Rs 400 cr, announcement likely today
Business

Axis Bank set to buy Freecharge from Snapdeal for about Rs 400 cr, announcement likely today

Snapdeal is also looking at selling its e-commerce business and has been engaged in discussions with larger rival Flipkart for the past few months.

Flipkart to snap up Snapdeal for $950 mn in India's largest e-commerce deal, says report
Business

Flipkart to snap up Snapdeal for $950 mn in India's largest e-commerce deal, says report

The deal between Snapdeal and Flipkart, once completed, would mark the biggest acquisition in the Indian e-commerce space

Social media payments creating buzz: How Facebook, Twitter, WhatsAPP will make your payments super easy
Business

Social media payments creating buzz: How Facebook, Twitter, WhatsAPP will make your payments super easy

Social media has a massive database of users, even bigger than a bank, so it makes perfect sense to blend online payments with social media platforms

Social media backlash compels Paytm roll back top-up charges
Business

Social media backlash compels Paytm roll back top-up charges

He said people in India are gullible which is a big problem for any company to build business.

Adhaar-based payment systems will not affect three-fold growth projection, says Mobikwik
News & Analysis

Adhaar-based payment systems will not affect three-fold growth projection, says Mobikwik

Digital wallet company Mobikwik has said it would stay firm to its three-fold growth projection to $10 billion gross merchandise value by the end of 2017 despite the arrival of Aadhaar-based biometric payment system.

FreeCharge now lets you authenticate transactions using sound waves
News & Analysis

FreeCharge now lets you authenticate transactions using sound waves

Snapdeal owned mobile wallet and online recharge platform FreeCharge, has announced its association with ToneTag to enable customers to make payments using sound.

Samsung to launch its mobile wallet called Samsung Pay in India
News & Analysis

Samsung to launch its mobile wallet called Samsung Pay in India

South Korean tech giant Samsung is planning to launch its mobile payment wallet in India in the first half of 2017.

Bhim app users let down because of slow adoption of UPI by eCommerce platforms
News & Analysis

Bhim app users let down because of slow adoption of UPI by eCommerce platforms

By both volume and value, only a fraction of cashless transactions are conducted through UPI.

Mobile wallet market in India expected to reach Rs 1,512 billion by 2022
News & Analysis

Mobile wallet market in India expected to reach Rs 1,512 billion by 2022

The mobile-wallet market in India is expected to grow at over 190 per cent to reach Rs 1,512 billion by financial year 2022 from the current level of about Rs.1.5 billion, says a study conducted jointly by trade body Assocham and business consulting firm RNCOS.

Demonetisation: Paytm users go through hour long outage because of system upgrade
News & Analysis

Demonetisation: Paytm users go through hour long outage because of system upgrade

The outage was due to a system upgrade where Paytm wanted to increase the capacity, because of a surge of users following the demonetisation.