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mobile wallets

Can PhonePe's new PoS be a game-changer for UPI?

Can PhonePe's new PoS be a game-changer for UPI?

Wed, Nov 01, 2017

The device is designed as an electronic calculator to make it easy for shopkeepers to use them.

UPI still way behind other digital payments despite growing tie-ups with mobile apps

UPI still way behind other digital payments despite growing tie-ups with mobile apps

Mon, Sep 18, 2017

Google finally launched Tez mobile payment app which is integrated with UPI. This comes a day after Airtel Payment Bank announced tie-up with UPI.

Adoptions rise but mobile wallets still less than 1% of all digital transactions

Adoptions rise but mobile wallets still less than 1% of all digital transactions

Fri, Aug 25, 2017

Mobile wallets that were glorified during the demonetisation era were just 1% of overall value transactions in FY17.

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Samsung Pay now available on UPI; collaborates with Axis Bank

Samsung Pay now available on UPI; collaborates with Axis Bank

Thu, Apr 27, 2017

With the launch of UPI on Samsung Pay, users can create their unique virtual addresses @pingpay enabling them to make seamless bank to bank transfers.

Whatsapp to use UPI payments soon; here's how it may work

Whatsapp to use UPI payments soon; here's how it may work

Wed, Apr 05, 2017

Facebook owned messaging app, Whatsapp may soon launch Unified Payments Interface (UPI) to promote peer-to-peer payment on its platform among other payment modes. Whatsapp that has 200 million users in India would have its own mobile wallet which could be out in a matter of six months.

MobiKwik welcomes govt's draft regulations on digital wallets

MobiKwik welcomes govt's draft regulations on digital wallets

Fri, Mar 10, 2017

The Ministry of Electronics and Information Technology has released a set of draft guidelines for digital wallet companies on Wednesday as part of its efforts to promote electronic payments.

Paytm withdraws 2% fee for adding money to mobile wallets using credit cards

Paytm withdraws 2% fee for adding money to mobile wallets using credit cards

Fri, Mar 10, 2017

Mobile payment company Paytm on Friday announced withdrawal of 2% fee charged on adding money to mobile wallets via credit cards.

Only 70% citizens feel charges on cash transaction are a bad decision: Survey

Only 70% citizens feel charges on cash transaction are a bad decision: Survey

Tue, Mar 07, 2017

The survey said, “Consumers are of the opinion that instead of reducing the cost of digital transactions, private banks are trying to show the stick to the customer and forcing them to go digital. Consumers are very concerned with the cost of digital transactions and many of them have reported that merchants are still charging 2% additional for debit, credit or wallet transactions.”

Charge on cash deposit: Why blame the banks when RBI approved move

Charge on cash deposit: Why blame the banks when RBI approved move

Mon, Mar 06, 2017

One of the reasons could be the rise in cash withdrawals since January 2017. RBI data show that people have already started withdrawing cash from their bank accounts in large numbers which has led to slowdown in digital transactions.

How Freecharge got left behind in the digital payments race

How Freecharge got left behind in the digital payments race

Fri, Feb 24, 2017

Freecharge that was just behind Paytm before demonetisation, but failed to capitalise on the opportunity quickly.

India to be a key target for cyber criminals post demonetisation

India to be a key target for cyber criminals post demonetisation

Thu, Jan 19, 2017

Security has mobile wallets and point-of-sales (POS) devices has been coming under serious attacks post demonetisation.

Tailor more products to Indian needs: Prasad to Google

Tailor more products to Indian needs: Prasad to Google

Wed, Jan 04, 2017

The minister highlighted areas including cyber security where the technology giant could play a bigger role.

Demonetisation effect: Average e-wallet spends to touch Rs 10,000 next year

Demonetisation effect: Average e-wallet spends to touch Rs 10,000 next year

Fri, Dec 30, 2016

Post-demonetisation, e-wallet or mobile-wallets (m-wallet) started gaining momentum due to the severe cash crunch on account of 86% of currency being made illegal overnight.

Demonetisation: RBI's rules and roll-backs since November 8

Demonetisation: RBI's rules and roll-backs since November 8

Thu, Dec 22, 2016

Prime Minister Narendra Modi shocked the country on Nov. 8 by abolishing 500 and 1,000 rupee notes, which accounted for 86% of the cash in circulation. The move was aimed at cracking down on the shadow economy, but has brought India`s cash economy to a virtual standstill.

Financial transactions from your phone are still far from safe

Financial transactions from your phone are still far from safe

Fri, Dec 02, 2016

While mobile wallets, banks are looking to grow their digital payment systems, there are still many risks which they have not yet taken care of.

MobiKwik Lite crosses 20 lakh downloads in just 2 days as cash crunch prevails

MobiKwik Lite crosses 20 lakh downloads in just 2 days as cash crunch prevails

Thu, Dec 01, 2016

Mobile wallet and online payment system, MobiKwik’s mobile app – MobiKwik Lite registered 20 lakh downloads in the first two days after its launch owing to demonetisation and the current cash crunch.

Digital wallets on an offensive but how do people with feature phones benefit?

Digital wallets on an offensive but how do people with feature phones benefit?

Tue, Nov 22, 2016

While mobile wallet companies are in an overdrive to capitalise on demonetisation by large marketing campaigns, many have not create a solution for feature phone users in India.

Will Trai's model on scaling Wi-Fi hotspots work?

Will Trai's model on scaling Wi-Fi hotspots work?

Mon, Nov 21, 2016

While the consultation paper throws open the door to many options to increase Wi-Fi hotspots, it doesn't get into details of how this will actually work out.

Paytm targets retail store transactions worth Rs 400 crore by year-end

Paytm targets retail store transactions worth Rs 400 crore by year-end

Fri, Nov 18, 2016

The company has seen a sudden surge in retail store transactions after the demonetisation of Rs 500, Rs 1,000 notes.

Not mobile wallets, cash will still be king in India

Not mobile wallets, cash will still be king in India

Thu, Nov 10, 2016

While mobile wallets came out immediately with figures of how much people have increased using their services after PM Modi's announced, the fundamental question still remains whether people will revert to buying using cash once they have exchanged their currency.

Will people take to e-wallets like Paytm, Freecharge as Govt scraps some notes?

Will people take to e-wallets like Paytm, Freecharge as Govt scraps some notes?

Wed, Nov 09, 2016

The demonetisation move by the government which left old Rs 500 and Rs 1,000 notes illegal tenders from midnight of November 8 made people switch preferences to e-wallets like Paytm and debit or credit card transactions.

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