QR Code Press

PhonePe mobile payments company gets $200 million investment from Walmart

03/27/202303/24/2023 Jorge Gonzalez

The Indian company raised the funds as a component of an ongoing round. PhonePe, a mobile payments giant from India, has announced that an investment from Walmart has brought it another $200 million in funding as a part of an ongoing round that has already helped it bring in $650 million. The funding has arrived regardless of the economic downturn. PhonePe has been bringing in funds too help build itself up in the face of its upcoming separation from Flipkart, its parent company. Walmart already owns the majority of the…

Indian Paytm QR code scans make scooter rentals fast and easy

12/09/202212/08/2022 John Montgallo

The leading payments and financial services company in India is helping build a cashless economy. India has been pushing hard to become a cashless economy, and services such as using a Paytm QR code to rent a scooter helps to provide an image of the direction the country is taking through the use of mobile phones. Paytm has played a substantial role along the country’s road to eliminating the use of cash. The mobile payments company has seen a substantial rise in India and has become the leading financial services…

Paytm now enabled for third party UPI app mobile payments

11/28/202211/25/2022 Jorge Gonzalez

Mobile payments - Person using payment app

The Indian company has now officially announced the implementation of this new app feature. Paytm, a mobile payments company from India, has announced that it has implemented a new feature making it possible to make UPI transactions to phones registered with third party UPI applications. The goal of the feature is to make it faster and easier for users to complete money transfers. By using this new feature, Paytm users can use the mobile payments app to complete money transfers quickly and easily when sending to any phone number, even…

US companies compete for mobile payments leadership in India

02/15/202202/14/2022 Sam Lambert

Companies including Google, Facebook, Amazon, and Walmart are all vying for the top spot. Google Pay mobile payments are proving to be a powerful tool in parent company Alphabet’s strategy to grab leadership in India’s online shopping, social networking, streaming, and gaming market, which is experiencing explosive growth. The digital wallet was propelled forward during the pandemic to become second most popular. The pandemic’s acceleration of contact-free transactions gave Google Pay mobile payments the boost it needed to grab the second highest app spot in the category in India. Meta…

Mobile payment security concerns continue to create serious privacy issues

04/14/201704/12/2017 L. Green

mobile payment security concerns Digital Currency

A recent study by IIM Bangalore identified serious worries over smartphone based payment services. At a time when smartphones are essentially ubiquitous and digital wallets are picking up in popularity, mobile payment security concerns persist. According to a recent study, worries over risks of privacy and security continue to be problematic. Among the main issues appears to be the lack of global consistency in terms of mobile security standards. A study conducted by the Center for Software and IT Management at Indian Institute of Management, Bangalore revealed some of the…