With this launch, MobiKwik targets doing 25000 daily bus bookings by December 2016.
The One Tap Technology enables all mobile payments being made through debit or credit card to happen by just tapping ‘once’ on to the screen.The integration of this unique tech innovation by merchants will drastically enhance the mobile shopping experience of an Indian shopper.
Android Pay works with all NFC-enabled Android devices (running KitKat 4.4+), on any mobile carrier, at every tap and pay ready location across the US. Android Pay also stores your gift cards, loyalty cards and special offers right on your phone. Existing Google Wallet user can access Android Pay through the app.
Ezetap processes transactions worth over $1 million per day. The company deploying over 60,000 new points of sale across India in under 30 months. Chamath of Social + Capital is now the board Chairman
With this initiative MobiKwik’s 17 million users will now have yet another way to top up their wallet. The service, which literally brings the bank to a user’s doorstep, will also bring tremendous benefits to people who do not have access to bank accounts or credit and debit cards.
Mswipe provides mobile PoS solution to 30,000 small- and medium-sized businesses and has raised funding from Falcon Capital, Olacabs with participation from existing investors.
QuikWallet currently caters to about 1,000 restaurants and small businesses with a gross transaction value of Rs 50 lakh per month. The service supports both online and offline transactions with a plethora of payment offerings through SMS, NFC, QR codes, Web/Mobile Apps and a POS Software. So far, QuikWallet has raised $2.1mn in funding.
The company has announced a new project called Google Hands Free. The service will be tested out in San Francisco at McDonalds and Papa John’s in the coming years. The company made no mention of how Google Hands Free works or intends to work though.
The company expects the move to double its GMV by a further $1.5bn in 6 months. For Alibaba, which invested $650 mn in Paytm this Feb, this serves as its first real shot at capturing the $6bn worth Indian online retail market. The integration with AliExpress will be a mamoth task with Paytm having to take care of legal and taxation issues, international logistics, customs, the process for issuing payouts to merchants and for refunds.
Customers will be able to recharge their digital wallets with cash at any of the Bank’s 4,000+ branches in the country. Even people without a bank account or access to net banking services can now use MobiKwik’s service. In order to facilitate recharging its wallet with physical cash, the company has come up with a new feature called CashPay. Through this, users will be able to add funds by making out a regular cash deposit slip at any ICICI bank branch.