Facebook payments to come to WhatsApp in the future

Facebook Payments - Facebook logo on mobile phones

The social media giant is reportedly seeking to enter the mobile payments space with its own cryptocurrency. Facebook payments may be around in the not too distant future. The social networking company is jumping on the cryptocurrency bandwagon and is reportedly developing its own digital currency called Facebook Coin. The company’s supposed goal, reports CNBC, is to allow users of its cryptocurrency to transfer money through WhatsApp. Facebook’s move would mimic China’s popular WeChat Pay. The Facebook Coin, which would be attached to the US dollar, and would allow users…

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Nearly one million people in India are testing WhatsApp payments

WhatsApp Payments Service - WhatsApp App

India is WhatsApp’s biggest market. With 210 million monthly WhatsApp users, India is clearly WhatsApp’s biggest market. Still, in spite of the Facebook messaging app’s so far successful test of WhatsApp payments service in the country, the digital payments system has yet to become a nationwide service. WhatsApp began testing its payments service back in February of last year. Since WhatsApp payments began testing in February 2018, the service has processed about a million transactions per month. This is according to people close to the National Payments Corporation of India…

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India mobile payments take off as large bank notes disappear

India mobile phone manufacturing

The country recently shocked its citizens by getting rid of its largest paper currency, causing a cash crunch. As the country scrambles in a massive cash reduction, India mobile payments are taking off as an alternative. Mobile wallets have received an almost instant shot in the arm with the surprise notice of the disappearing bank notes. Some mobile payment providers have already reported record breaking numbers over the last few days. Paytm, for instance, the largest India mobile payments firm, reported more than seven million transactions on Saturday alone. This…

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McDonald’s brings mobile payments support to its Indian stores

mcdonalds qr codes mobile payments

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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NFC technology metro fare to be accepted in India

NFC technology metro train fare

The public transportation system in Channai will accept payments via smartphone. The Chennai Metro Rail Limited company in India has just announced that it will be adding NFC technology to its systems so that mobile payments can be accepted to pay for transportation fare. The mass transit system which is currently being constructed in the Indian city will have the latest payment tech. The city’s mass transit system is planning to accept NFC technology based mobile payments as a way to enter into the system so that the trains can…

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