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Mobile Wallet
Can Paypal’s Rumored Investment in Freecharge Trigger The Final Battle of eWallet Dominance
Last week, rumors floated in about a possible investment of $200 million by Paypal in none other than Freecharge, a mobile wallet fast challenging the dominance of Paytm and MobiKwik in India’s eWallet market.
However, what makes…
Govt Claims 70% Of Rural Citizens & 85% Of Merchants Have Adopted E-Wallets; But Average…
Government of India’s initiatives to teach, encourage and inspire rural population about cashless economy is bringing in massive results.
As per latest data shared by Electronics and IT Ministry, it was revealed that e-Wallets are…
Paytm Faces Frequent Downtimes, Reports of Possible Hack Emerges!
Right after the demonetisation hit India, Paytm became one of the biggest beneficiaries of this move. It has now become the go-to choice for cashless transactions. Paytm has been around for a long time but after the demonetisation they…
Amazon India Launches Their Own Mobile Wallet; But Comparing It With PhonePe Would Be Unfair
Amazon India has finally launched their own mobile wallet - Amazon Pay Balance, which will help their customers to go cashless, and complete the payment easily.
In a statement, Amazon India said, “With no additional authentications…
Qualcomm Claims All Indian e-Wallets Are Insecure, Prone To Hacks; Pushes For Hardware Based…
Qualcomm, US based semiconductor and telecommunications equipment company has revealed that none of the mobile wallets operating in India are safe and secured due to a major security vulnerability. In fact, the company has even…
Paytm Launches Offline Money Transfers for Feature Phone Users; Ola-Yes Bank Join Forces To Deliver…
Demonetisation has turned the world upside down. While a mobile wallet company has decided to extend their services to those who don’t use internet; a bank and a taxi-app company will deliver cash to their customers, free of charge.…
Paytm Wallet & Paytm Payments Bank To Get Merged; Users Provided Option To Opt Out
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Paytm has officially informed all 15 crore users of their wallet that in the coming days, their accounts would be merged with the Paytm Payments Bank. And this announcement was made by full page advertisement in Times of India, which…
Reliance Jio is Coming up with Jio-Money Merchant Solutions For Small Vendors & Businesses
While Paytm is trying very hard to get merchants of all sizes and turnovers on its platform, Reliance Jio is trying to promote PM Modi’s vision of a cashless economy through its own Jio-Money app. It is a digital wallet like other…
FreeCharge Wallet Now Lets You Pay Your Traffic Challans In Mumbai
While there are many sides to demonetisation, for the good or the worse of the Indian economy in the short-term, digital wallets providers have emerged out as the winners.
At a time when the common man is struggling to get cash from…
Vodafone M-Pesa Digital Wallet Users Can Now Withdraw Cash from Outlets; Big Bazaar Offers Cash…
Vodafone’s own digital wallet, M-Pesa has been around for more than a year now and has been put into better use only recently, post demonetization. However, now Vodafone users have another option to withdraw money directly without…
Paytm Has Just Created Millions Of PoS Across India With A Single Move; Every Paytm User Can Now…
Paytm has just created millions of Point of Sales (PoS) across the nation, with one strategic move. Now, anyone with a merchant account with Paytm can receive payments via debit card/ credit card, which means that digital payments have…
Mobile Wallet Market Will Swell To Rs 30,000 Cr By 2022; Govt Increases M-Wallet Limit to Rs.…
Assocham along with research firm RNCOS has come out with an interesting study on the mobile wallet market in India. As per their research, there is immense potential in the growth of the market, as it can reach Rs 30,000 crore between…
Paytm Will Now Manage Collections for 11% Of India’s Toll Plazas: NHAI
After choosing Paytm as a partner for selling e-toll tags, NHAI (National Highways Authority of India) has granted contract to Paytm for managing 40 out of 350 toll plazas across the country.
Hence, 11% of all toll plazas in India…
Paytm Crosses 50 Million Downloads On Google Playstore; Expects Transactions Worth 24,000 Crore
The massive push for cashless economy by the Indian Govt. is enabling an early Christmas for most of the e-wallets in the country. Buoyed by the ban on Rs 500, Rs 1000 currency notes in India, more people are now downloading e-wallets…
Paytm Introduces ‘Nearby’ Feature to Find Merchants Who Accept Digital Wallet; Processes 5 Mln…
The biggest benefit of demonetization of higher denomination notes in India has been to the digital wallet companies like Paytm and FreeCharge. Snapdeal recently announced ‘Wallet on Delivery’ as a feature in partnership with FreeCharge…
NHAI Finally Partners With Paytm For Selling E-toll Tags For Electronic Toll Collection
National Highways Authority of India (NHAI) has finally partnered with Paytm for selling e-Toll tags. This is a big move in terms of expanding RFID based e-toll tags for faster movement of vehicles on highways.
Besides Paytm, NHAI…
UPI Into Massive Expansion Mode – IRCTC, eBay, MMT, Idea To Soon Join The Platform
Flipkart was no doubt fast in adapting to UPI, as they launched their app PhonePe within days of UPI’s official launch.
However, other e-tailers are not falling behind either, and the race is on to be on the platform as fast as…
Flipkart Launches PhonePe UPI Based Payments App [Review]
At a time when various banks are still struggling to create their own UPI based apps for making and accepting payments, India’s biggest ecommerce portal has already launched one.
Hailed as India’s first UPI (Unified Payment…
Paytm to Work Without Internet Connectivity? Company Claims so…
The payment solutions company, Paytm, has been disrupting the digital wallet space with offline models, payment bank and free WiFi proposition. Not satisfied with the requirement of internet for payments, Paytm is delving deeper into…
Paytm Wallet Cannot Be Used For International Uber Rides, Clarifies Paytm!
Paytm had made news this year by partnering with Alipay, Alibaba’s third-party online payment platform, to allow payment for international Uber rides using its wallet. As excited as we were, all hopes have come crashing down since Paytm…