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
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…
Read MoreMobile payments agreement created between Vodafone and ICICI Bank
The initial launch will occur in the eastern region of India but it will expand from there. ICICI Bank has just announced that it has joined into a partnership with Vodafone India that will allow customers to use mobile payments to purchase goods and transfer funds. At first, the service will be available in Jharkhand, West Bengal, and Bihar in the east. The mobile payments service will be referred to as “m-pesa” and will allow consumers to create an account with ICICI bank, from which their Mobile Commerce Solutions. This…
Read MoreMobile payments service launched by Atom Technologies
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…
Read MoreVisa says mobile payments won’t lead to EM cards’ demise
An executive from Visa has reported that EM cards aren’t doomed due to the rise of mobile payments. The head of Visa Inc.’s non-U.S. operations has released a statement while in Singapore, saying that there is still a future in plastic credit cards, despite the growth and aggressive promotion of mobile payments and their various platforms. Even though there has been a tremendous rise in the number of systems catering to smartphones – particularly in emerging markets such as India and Indonesia – the fact that these same nations are…
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