mobile payments india Archives

AI voice transactions more readily available for mobile payments in India

08/28/202308/28/2023 Jennifer Goula

AI voice transactions - Voice technology on phone

The country’s UPI intends to roll out these services more expansively to rural users. The mobile payments system in India has taken off explosively since it first launched in 2016 and is now receiving an AI voice transactions upgrade to broaden access to these services. The service already has about 350 million active users who made almost 10 billion transactions last month. The AI voice transactions feature makes it possible for a consumer to complete digital payments both offline and through their voices. The purpose is to better reach communities…

New cross-border mobile payments agreement between India and Nepal inked

04/24/202304/22/2023 Jorge Gonzalez

The governments have designed an agreement to allow visitors to Nepal to use the digital transactions. The Indian and Nepalese governments have come to an agreement for the launch of a new mobile payments service that will allow visitors to use the option to pay for goods and services. Residents of the countries will be able to use their phones to pay for what they want when traveling. The hope is that the mobile payments option will make it easier for visitors from India to Nepal to travel and pay…

QR code transactions grew by 400 percent this year, says MobiKwik

10/02/201709/30/2017 Sam Lambert

wallet qr code transactions mobile payments

The quick response code usage growth rate is credited to the ease of barcode deployment and scanning. MobiKwik, a large mobile wallet provider in India, has announced that QR code transactions have grown by 400 percent throughout 2017, so far. The company credits the simplicity of quick response code deployment and use for the rapid growth rate. The mobile wallet company has launched its services throughout India based on QR codes. “QR codes will drive digital payments in India and major use cases such as milk, grocery and small mom…

PayPal mobile wallet go head to head with Amazon in massive market

05/03/201705/01/2017 Jorge Gonzalez

The digital payment platform has applied for its license to operate within the Indian marketplace. PayPal mobile wallet will soon be available to Indian consumers and merchants as the global online payments giant applies for its license to operate in the country. This follows closely on the heels of Amazon’s similar entry into that massive market. The American company has applied to the country for a prepaid payment instrument (PPI). This would place PayPal mobile wallet in a market where these types of payments are suddenly taking off. It is…

Samsung Pay platform has launched in India

03/08/201703/06/2017 Jorge Gonzalez

samsung pay platform phone mobile commerce

The electronics giant has rolled out its mobile wallet in a country where smartphone based payments are taking off. The Samsung Pay platform has now officially launched in India. This hasn’t come as any surprise as many have expected the service to enter the country for the last several weeks. The company gave its official confirmation of the launch at the start of this week. The company has pointed out that the service remains in an Early Access form for Indian consumers and businesses. That said, the Samsung Pay platform…