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Digital India

Instamojo Launches Wallet Integration : You Can Now Accept Payment From Wallets

If you sell on Instamojo, you can now accept payments from your customers via wallets using Instamojo with just a click. After you subscribe for the wallet option, you will…

Indian Startups

MediaTek’s Investment Fund, Mountain Capital Invests in Paytm

Paytm has announced today that Mountain Capital will make an investment into Paytm. The deal values Paytm at close to $5Bn. The fresh capital infusion will allow Paytm, the consumer brand of…

Indian Startups

Mobikwik Launches Partial Payment Feature For Bus Ticketing; Will Do Cash Pick Up Too

With this launch, MobiKwik targets doing 25000 daily bus bookings by December 2016.

PayUbiz Launches ‘One Tap’ Technology; Aims To Revolutionize Mobile Payment Tech

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.

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Tech

Android Pay Launches Across 1 Million Locations In US

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 Raises Rs. 150 crores in Funding; Chamath Is Now Board Chairman

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

Now You Can Request For Cash Pickup Directly To Topup Mobikwik Wallet

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 Secures $25mn In Series C From Falcon, Olacabs and others

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 Raises $1.6mn From Snow Leopard Technology Venutres

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.

Google Is Working On A Way To Help You Make Payments Hands Free

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.

Paytm Will Begin Listing Products From 1 Lakh AliExpress Sellers This August

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.

paymenttech