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
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…
Read MoreNew mobile payments tech in India uses sound waves
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.…
Read MoreQR codes will complete HDFC Bank mobile payment transactions
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…
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…
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