US companies compete for mobile payments leadership in India

Mobile Payments - Business Competition

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…

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Mobile payment security concerns continue to create serious privacy issues

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…

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QR code feature launched for in-person purchases at Paytm Mall

qr code feature shopping

The e-marketplace is making it possible for shoppers to move beyond m-commerce and pay in real life. Paytm Mall just rolled out a new QR code feature that will make it possible for shoppers to use their mobile devices for shopping in-store, not just at the brand’s e-marketplace. The system uses quick response code scans to verify the mobile payment transactions at checkout counters. The goal of the new QR code feature is to appeal to consumers who aren’t yet shopping online. This will still allow them the opportunity to…

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Massive QR code network expansion headed to Paytm in India

mumbai india qr code network payments

The mobile payments company is making a tremendous investment to build an Alipay-like presence. India’s largest mobile wallet, Paytm, announced its intentions to make a very large investment into growing its QR code network. The company intends to spend about $89.6 million to assist merchants to accept mobile payments via quick response code. The company is hoping to use the barcodes to see similar successes to Alipay and WeChat. The reason is that those two Chinese companies have managed to successfully create and execute a QR code network. That said,…

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Mobile wallet launch relaunched as Vodafone pushes ahead in India

Vodafone telecommunication mobile wallet launch

The firm’s M-Pesa Pay has been released, providing a refreshed version of their previous offerings. Vodafone India has now announced its new and upgraded mobile wallet launch called Vodafone M-Pesa Pay. This is meant to provide merchants with a new range of options tailored to their needs. This move has been designed to lay a foundation for the firms upcoming m-payments bank venture. Merchants can log into this mobile wallet so that they will be able to access “collecting” money from customers. This merchant experience in this mobile wallet launch…

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