News Roundup: Reliance Launches Cheapest CDMA Touch Phone, Visa and Monitise to launch Mobile Payment JV

Reliance, in partnership with Coolpad has launched S100, touted as the cheapest CDMA touch screen phone. S100 is available for less than Rs. 4,500 and will be distribute at Reliance s100 coolpad

S100 is 14.9 mm thick and has a 2.4 inch TFT touch screen and sports a smooth display. It comes bundled with 64MB NOR-Flash internal memory include powerful capacity for storing up to 1000 contacts, 500 SMS, 200 call logs. It also supports T-Flash/MicroSD card up to 2GB with a card extension slot. This cool touch phone operates on CDMA 800 MHz frequencies and is powered by a 900mAh Li-ion battery. S-100 offers antitheft security system, advancement to the mobile tracker. It’s allowed to register up to 3 mobile numbers to receive the antitheft message.

Coolpad Communications, the Indian joint-venture of Hong-Kong listed China Wireless Technologies Limited will follow a two-pronged strategy to drive its CDMA volumes. While the Operator-bundled offerings will help Coolpad gain volumes in the Indian market for its entry-level CDMA phones, an independent distribution sales drive for unbundled handsets will help Coolpad enhance smartphone volumes as well as gain necessary hold on margins. Upgrade offers (from a low-end handsets to smartphones or feature-rich handsets) will be an important component of the latter strategy.[details]

Visa and Monitise to Launch Mobile Payment JV in India

Visa Inc.and Monitise plc, a company in the development and operation of mobile financial services have announced the formation of a joint venture that will provide a technology platform for financial institutions and mobile network operators in India to offer a range of mobile financial services to consumers.
The new company will combine Visa’s expertise in enabling secure, globally interoperable financial transactions with Monitise’s know-how in developing mobile financial technology for a broad range of handsets.

The joint venture builds on an existing partnership between Visa and Monitise[Visa owns minority stake in Monitise], and will give providers of financial services in India a platform to accelerate the delivery of mobile financial services such as banking, bill payments, mass transit ticketing, mobile top-up and others to consumer. Together, Visa and Monitise can provide banks and mobile network operators in India the scale, security, and reliability required to make mobile money a reality for consumers.[details]

IndiaMART Partners with HSBC,, CC Avenue

Corporate giants like HSBC,, CC Avenue, E Mudhra and Sage have come together on’s matchmaking platform to provide a bouquet of exclusive services to its members like Trade Account, Recruitment Solutions, Payment Gateway, Digital Signature and ERP Solutions, respectively. [more details]

3G Auction – Telcos Raise Rs. 36,000 Crore

The 3G licence winners have mopped up Rs 36,000 crore in loans of the total Rs 67,719 crore they will have to pay up by the month-end. In return, the seven winners will get airwaves that will enable them to offer services such as video calling and high-speed internet on mobile phones.[source]

Also see: 3G Rates in India: Poll

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