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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Mobile payments in 2017 will be worth $1.3 trillion

mobile payments trends

Prediction made based on the acceleration of NFC and the sale of physical goods over smartphones. According to the latest Juniper Research report, between now and 2017, the size of the mobile payments marketplace will expand almost four times over, to the point that it will reach over $1.3 trillion. The report is entitled “Mobile Payments Strategies: NFC, Remote Purchases & Money Transfer 2012-2017”. The data included in the report suggested that the growth in the mobile payments industry would be driven primarily from the sale of physical products purchased…

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