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

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…

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

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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…

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Samsung Pay platform has launched in India

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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…

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MasterCard QR code payment to launch with RBL Bank

NFC Mobile Payments Mastercard QR Code PayPass MasterPass

Ratnakar Bank has joined up with the credit card giant to offer mobile payments via quick response codes. RBL Bank has become the first in India to integrate the MasterCard QR code into its mobile payment service. This has brought the quick response codes into the OnGo mobile wallet. OnGo is the RBL Bank mobile platform which is jointly powered with India Transact. This according to a statement from MasterCard. The goal is to launch a new mobile wallet into the Indian marketplace that will become a major player. This…

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mVisa QR codes to make mobile payments easier in India

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The Micromax smartphone maker will be offering this solution by way of its Udio mobile app. Micromax, a smartphone manufacturer, will offer its customers mVisa QR codes for mobile payments. This feature will be available throughout India by way of the Udio mobile app. It has been made possible in a joint project between Visa and TranServ a payment solution provider. All Micromax smartphone owners will be able to use this service through the Udio app. By using the app, customers will be able to load actual cash into their…

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New mobile payments tech in India uses sound waves

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MoboMoney has enabled a new system that uses sound-based technology from ToneTag. A mobile payments company in India called MoboMoney has now made a transaction completion system available that would allow consumers to buy products and services at their favorite participating stores, through sound waves and their smartphones. The technology involved in this smartphone payments service was created by ToneTag, a tech startup. The feature has already been integrated into the existing MoboMoney mobile payments platform. That service has traditionally used near field communication (NFC) technology for its contactless transactions.…

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QR codes will complete HDFC Bank mobile payment transactions

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The bank in India is going to start using quick response codes as well as NFC technology. HDFC Bank, a financial institution in India that currently accounts for nearly one quarter of all electronic spending transactions now has intentions to use QR codes and NFC technology in order to be able to revolutionize the mobile payments sector in the country. These types of contactless scans will allow smartphones to be safely used as mobile wallets for in-store purchases. This introduction of QR codes and near field communication technology represents the…

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Mobile payments service launched by Atom Technologies

Mobile payments platform

The Financial Technologies subsidiary has introduced its new IMPS for merchants. Subsidiary of Financial Technologies in India, Atom Technologies, has unveiled its new Interbank Mobile Payments Service (IMPS), which will give merchants the ability to complete interbank transactions at any time of the day or night using their cell phones. A number of companies have already expressed intentions to use IMPS integration with their operations. Among those that will be adding IMPS operations into their portfolios through the Atom Technologies mobile payments will be Univercell Telecommunications India Private Limited, Reliance…

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