Mobile payment security concerns continue to create serious privacy issues

mobile payment security concerns Digital Currency

A recent study by IIM Bangalore identified serious worries over smartphone based payment services. At a time when smartphones are essentially ubiquitous and digital wallets are picking up in popularity, mobile payment security concerns persist. According to a recent study, worries over risks of privacy and security continue to be problematic. Among the main issues appears to be the lack of global consistency in terms of mobile security standards. A study conducted by the Center for Software and IT Management at Indian Institute of Management, Bangalore revealed some of the…

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Snapdeal wants to make mobile payments even better in India

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Snapdeal’s design team aims to improve the company’s position in mobile commerce Snapdeal’s design team, also known as its “design mafia,” has plans to make the best mobile shopping experience in India. The team intends to create a powerful app foundation for its future mobile payments interests. Last month, Snapdeal made major changes to its prominent payment application, but the company plans to continue introducing new features and services throughout India in the coming months. These changes may help Snapdeal find more success in the competitive mobile commerce market. Design…

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McDonald’s brings mobile payments support to its Indian stores

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McDonald’s will support FreeCharge wallet in 216 of its Indian stores McDonald’s has begun to roll out support for mobile payments at its restaurants in India. The fast food chain has partnered with FreeCharge in order to support the use of the FreeCharge mobile wallet in 216 McDonald’s stores in 26 cities. Those using the mobile wallet can pay for their orders with nothing more than a smartphones and a PIN code, which changes dynamically. FreeCharge notes that it has been working closely with McDonald’s to develop a system that…

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Snapdeal mobile commerce strategy includes Letsgomo acquisition

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The retailer company is working to add a greater push to its m-shopping business with the app maker. Snapdeal has now announced that it will be giving its mobile commerce business a meaningful boost by acquiring Letsgomo Labs, a mobility solution company. The deal was set between Snapdeal and Letsgomo for an as of yet undisclosed sum of money. According to the co-founder of Snapdeal, Rohit Bansal, in a prepared statement, “Over 75 per cent of our sales now come through mobile platforms, and the Letsgomo team becoming part of…

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Snapdeal acquires Indian mobile commerce firm

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Snapdeal has purchased Freecharge, a mobile commerce firm based in India Snapdeal, one of India’s largest e-commerce organizations, has announced its acquisition of mobile payments firm Freecharge. The deal between the two companies is being considered one of the largest of its kind in the Indian internet sector. Snapdeal suggests that the deal has made it one of the largest mobile commerce companies in India, boasting of more than 40 million users throughout the country. The acquisition could give Snapdeal’s mobile initiatives significantly more momentum in the coming years. Mobile…

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