Page 2 - Mobile Payment

Pay by app: The risks and rewards as Indians chuck cash, go digital

There are 238 digital payment apps to choose from if you still haven't downloaded one for your smartphone

Contactless POS devices will phase out traditional ones by 2024: Report

The research found that the average value per contactless transaction will grow from under $19 in 2019

Wave and pay with SoftPos

A new wave of technology is now ready to change the mobile based payment system once again

NPCI enhances UPI 2.0, allows customers to make recurring payments

NPCI is also working on proximity payment option for the platform where one can make payments from a mobile phone that uses near-field communication technology

88% of Indians use mobiles for payments to make purchases: Study

In India, the respondent pool comprised of 2,000 consumers aged 18-74, who owned or used a smartphone and over 300 business influencers or decision makers who sell or accept payments online

Over 21 billion digital transactions carried out in FY20 till Nov 13: Govt

Prasad noted that in 2018-19, 3,134 crore digital transactions were recorded, translating into y-o-y increase of 51%

Over 80 payments apps face an uphill battle to turn the country cashless

Many merchants, especially in rural areas, remain unable or unwilling to accept digital transactions due to network connectivity issues and reluctance to pay charges for low-value transactions

Not China, India is now the world's fastest-growing mobile payment market

The number of mobile payment users in India surged 75.5 percent from 32 million in 20 The number of mobile payment users in India surged 75.5 percent from 32 million in 2016 to 56.2 million in 2017

PE-VC investment in mobile payment firms at 6-yr high; Paytm leads with $1.4 bn

On the backdrop of increasing digital transaction in the country, the Private Equity, Venture Capital investments in mobile payment sector has touched a peak in the last six years during the first around five months of the year 2017. From January to June the sector attracted $1,418 million in four deals as compared to $15 million in three deals during the pervious year, mainly due to the SoftBank Corp investment in Paytm's parent company One97 Communications.As a company which leveraged a majority of the government's cashless transaction effort from the Demonetisation drive started in November 8, 2016, Paytm attracted one of the largest deal in last six and a half years in the mobiule payment sector. It raised around $1.4 billion from SoftBank Corp in May, this year. The second largest deal during the year was a $15 million by SoftBank Corp, IMM Investment Corp, Mega Investment, Korea Development Bank and Capston Partners, according to the data from research firm Venture ...

Keeping consumers POSted

Companies are innovating with tech tools to cover a crucial touch point for customer experience

Revised code for bank customers to include mobile payments

The Code of Bank's Commitment to Customers could also include some advice regarding capping of charges