mobile payment service Archives

Paytm mobile payments warned told that complying to regulations is not “optional”

02/27/202402/26/2024 Jennifer Goula

Mobile payments - Breaking Rules - India

The popular service was found to have failed to comply with the law in India, where it is popular. Popular mobile payments service provider, Paytm Payments Bank, is at the heart of a controversy in India, where it is highly popular. The company has been accused of failing to realize the need to comply with legal regulations. Union minister Rajeev Chandrasekhar said no company can get away with such actions. The union minister was making reference to the Reserve Bank of India’s regulatory action on the mobile payments and financial…

Facebook mobile payments to launch outside the United States

11/08/201711/06/2017 L. Green

The social network’s peer to peer smartphone transactions will be enabled through its Messenger app outside the U.S. The largest social network in the world is now taking its Facebook mobile payments outside the United States for the first time. This move is meant to make it possible for users to be able to send money to each other by way of the official Messenger texting application. To start, the mobile payments service will be headed toward users in the United Kingdom. The feature will touch down in the U.K.…

Long anticipated LG mobile payments solution launches in Korea

06/05/201706/03/2017 Jennifer Goula

After having been first mentioned in November 2015, the electronics giant is finally getting started with consumers. The launch of the new LG mobile payments service hasn’t come as much of a surprise to many. The company first revealed its intentions to begin offering a mobile wallet back in November 2015. The initial rollout of the service finally occurred at the end of last week and is available exclusively in South Korea. The LG Pay service is available exclusively to Korean users of the LG flagship smartphone, the G6. Users…

QR code payment cards rolling out at KazMunayGas

02/03/201702/01/2017 L. Green

The company has introduced a new option to help make purchasing fuel faster at the pump faster and easier. KazMunayGas has announced the introduction of QR code payment cards at one of its gas station locations. The company also intends to roll out the new service across their entire network. This first location with the QR codes is operating in test mode for the time being. The test represents the first time the technology for the QR code payment cards has been used by the company. It is also the…

Mobile payments growing among Canadian small businesses

01/09/201304/13/2014 Jorge Gonzalez

Square Inc. mobile payments nfc technology

These systems are increasing in popularity as smaller companies seek alternatives to traditional platforms. Mobile payment technology is starting to take off among small businesses in the Canadian province of Nova Scotia, as they seek to discover alternatives to the traditional online platforms and point of sale systems. Now that there are a growing number of players in the marketplace, businesses have choice. Among the various options that are starting to make some headway in the Canadian mobile payments marketplace among small business is Square. This American startup provides merchants…