Home-grown instant messaging platform Hike rolled out an in-app electronic payments wallet on Tuesday in a bid to cash in on rising digital transactions, replicating similar services offered by its backer Tencent Holdings in China. E-payments have surged in India since a shock ban of high-value bank notes in November last year. Providers such as Paytm, backed by Alibaba and SoftBank Group, have rapidly increased their share of the market amid predictions it will jump nearly 10 times to $500 billion by 2020. Hike's wallet, however, is the first such service by a messaging ...
Now, you can use your Hike messenger to make mobile transactions
Kavin Mittal firm becomes first IM service provider with in-app payment option, ahead of WhatsApp