Tech giants’ next huge battleground is Indian mobile payments market

Indian mobile payments - Flag of India

Google, Amazon, Facebook, Visa, Mastercard and others are clawing for the top spot in the country. The Indian mobile payments and digital transactions market is expected to reach $1 trillion in 2023, and there is no way that American technology giants and credit card companies want to miss out on the opportunity it presents. These companies have been scrambling to obtain the necessary licences to take leadership positions. Tech companies Google, Amazon.com Inc., and Facebook Inc. as well as credit card companies Visa Inc. and Mastercard Inc. are only a…

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Mastercard launches ShopOpenings.com to help cardholders find open businesses

ShopOpenings.com - Mastercard credit card

As regions re-emerge from pandemic lockdowns, this tool helps shoppers know what is open. Mastercard has announced the launch of ShopOpenings.com, a regional tool to assist cardholders in knowing which businesses have opened their physical locations following lockdowns. The mobile commerce tool is geared toward consumers residing in regions of the U.S. and Canada. The ShopOpenings.com site was built by Mastercard in partnership with the SixthSense data analytics firm. It works by listing a long list of business types, including everything from pharmacies and grocery stores to restaurants, boutiques, dry…

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Major credit card networks team up for easier mobile shopping

Easier mobile shopping - credit cards

Shopping via mobile is about to become more convenient. Visa Inc., Mastercard Inc., American Express Co. and Discover Financial Services are part of the world’s biggest card networks that have come together to make easier mobile shopping with credit cards a reality for smartphone users. Mobile shoppers abandoning their online cart costs retailers billions. While there are many convenient ways to pay when shopping via mobile, up until now, credit cards haven’t been one of them. In fact, imputing credit card details on tiny mobile screens causes many mobile consumers…

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Honda Dream Drive brings in-vehicle payments to drivers

Honda Dream Drive - In-Vehicle Commerce and Entertainment

Honda’s in-dash system prototype uses mobile technology and voice control. Honda Dream Drive is the first integrated driver and passenger in-vehicle infotainment, commerce, service and rewards dashboard in the automotive industry. The fully integrated car experience is a collaboration between Honda and Visa. Drivers will be able to order a range of goods and services via the in-dash system. The Honda Dream Drive system, an AI (artificial intelligence) based technology, was first shown as a concept during CES 2017, under a collaboration with ConnectedTravel. Since then, the Japanese auto manufacturer…

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MasterPass QR code central to Ecobank cashless campaign

masterpass qr code - mobile payments

The bank has launched this new solution for merchants in order to let them use mobile devices to accept payments. The EcoBank MasterPass QR code based mobile payments solution launched with small merchants in mind. This service makes it possible for merchants to use their mobile phones to accept payments from their customers. This solution is the result of a partnership between Ecobank and MasterCard in a broader retail payment strategy. Through the MasterPass QR code, Ecobank’s merchant customers can use any mobile device to accept payments. This eliminates the…

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