Paytm’s App Based Marketplace Brings The Concept Of ‘Bargaining’ Online

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Paytm, a primarily Payment Processing Company, has evolved its Mobile Based Marketplace that offers high level of interactivity between the Buyers and Sellers.With an intention to enhance Buyer–Seller dialogue in the hopes of closing a sale quickly and amicably, Paytm’s Mobile–only platform (mCommerce) has evolved with the function to chat and actually ‘Strike A Deal’. In other words, the...
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One97 Integrates mCommerce Into PayTM

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One97 Communications Ltd, a mobile internet company has launched an exclusive mobile-only commerce site via its PayTM App.Noida based One97, which already owns & operates payment processing application PayTM, will now add online shopping for products & merchandise via the same application. The Mobile Only extension or mCommerce endeavor will go live at the end of this month & will feature...
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US Based Boku Becomes India’s Largest Carrier Billing Platform After Acquiring Qubecell

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Qubecell, a prominent Indian company offering online billing aggregation services has been acquired by San Francisco based mobile payments company Boku. With this acquisition, US Based Boku has become India’s largest carrier billing provider.India’s carrier billing industry is still very much in its infancy. Though there have been multiple attempts in the past to offer such services, the adoption...
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Mobile Money Ids Grow Gradually, But Transactions Appear Healthy: NPCI Report

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Mobile based transactions appear to be taking place in large numbers, but the population executing these transactions still appears low, indicated a recent report by National Payments Council of India (NPCI).The Interbank Mobile Payment Service (IMPS) saw a growth of 19.01% in the total number of transactions taking place between September and October 2013. However, there was only a 1.14% increase...
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MobiKwik Rolls Out Mobile Wallet

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Digital wallet player, MobiKwik has launched a mobile consumer wallet in India that will help people shop and pay for services.  Customers can store up to Rs. 50,000 in their MobiKwik Wallet and use their wallet to purchase goods and services on third party merchant websites and mobile applications.Users can use this stored money to recharge for prepaid and post-paid mobile, television and DTH,...
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Payments Originating From Mobile Will Exceed $235 Billion, Growth Pegged At 40%

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The worldwide payments originating from Mobiles or transactions generating from m-Commerce are set to exceed US$ 235.4 Billion within this year itself, predicts Gartner. The field has been growing at a very healthy rate of 40% Year on Year (YoY). In fact, taking into consideration the historic growth rates, the mobile commerce segment should maintain an average ascension rate of 35% for the next 4...
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KYB & Y-Cash Jointly Come Up With Mobile Wallet. Space Getting Crowded?

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Karur Vysya Bank (KVB) & Y-Cash Software Solutions Pvt. Ltd. have jointly unveiled a new Mobile Wallet Platform called ‘YPayCash’, this RBI approved platform will offer paying for multiple services via the mobile phone.A lot of mobile wallets have been introduced in India since last year. For example, SBI, HDFC, Axis Bank, Vodafone and a few others, each have their own iteration on mobile...
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Internet Banking Overtaking Branch Banking In The Near Future, Says ICICI Bank

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ICICI Bank is the third largest bank in the country in terms lending assets has declared that they see Netbanking taking over traditional branch banking very soon. It seems netbanking constitutes a third of its total transactions and they are looking and preparing for it to become the largest banking channel in the near future. This is indicative of the progress that has been achieved due to steps...
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Axis Bank & Bharti Airtel Collaborate To Bring Easy Banking Solutions To Mobiles

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Bharti Airtel & Axis Bank have partnered to bring simpler banking solutions to India’s far-flung areas with ‘Airtel Money Super Account’. Apparently, keeping in mind the tie-up with a Bank, subscribers can directly access their saving account on their mobile account.How does it work? Airtel subscribers can open a ‘No-frills’ account in Axis Bank. Once the account is linked with...
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Airtel Will Tie Up With Banks To Provide Cash Withdrawal Services Via Airtel Money

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Airtel’s M-commerce service Airtel Money has already been launched nationally and now Airtel has announced that they will be tying up with banks to provide cash withdrawal services without having to go to the ATM or the bank branch. They are currently in talks with these banks to finalize the offering. The names of these banks were not publicly released.This service will let Bharti’s retail and...
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