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...

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...

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...

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...

With some 866 million subscribers, it is safe to say that mobile phones impact a lot of people in India and that is why there is a lot of innovation going on in the Indian mobile commerce segment. We have a panel at WATSummit that is going to deal exclusively with the state of mobile commerce in India. Today, we talk to Neel Chowdhury, who is current Vice President and CMO of Obopay Inc. which is a...

One of the biggest revelation of the census this year unveiled the eBay Census Guide 2011 at Mumbai has regained its position as India’s second largest eCommerce hub. Mr. Kashyap Vadapalli, Director-Category Management, eBay India, unveiled the 4th edition of the annual eBay Census Guide which documents the key trends in online buying, importing, selling & exporting across Indians in the Top...

Early this year, eBay forayed into mCommerce connecting with the users anytime anywhere and they were presented with 400,000 deals on one site. In a major move to improve its tools for online store developers Ebay has acquired Magento – the maker of open source e-commerce platform. The acquisition got completed now following a minority stake acquisition in the company in 2010. Magento is a known...

Mobile commerce has not taken off to its full potential in India as against in West where it has almost reach its zenith. G Krishna Kumar of Teleca Software Solutions India has an interesting write-up in the Deccan Herald highlighting the present state of m-commerce in the country, especially in rural areas. The article talks of a technology called Near Field Communication (NFC) that will allow for...

In the year 2009, Accell and mCheck demonstrated contact less payment  via mobile device which was assumed to over-shadow debit cards and credit cards payment system. This chain of mobile payment system was invaded by daily deal sites, telecom service providers, internet search engine, etc. Earlier this year we reported that eBay have entered into the mCommerce believing in mobile web version to...

eBay India has just announced its move to mCommerce. m.ebay.in will connect users anytime, anywhere to eBay’s huge collection of deals and products. eBay India Mobile Web has been designed in a way that it can be accessed by any feature phone (GPRS / EDGE / 3G enabled) over the mobile web. The company believes that its mobile web version will redefine shopping and make it personal, convenient,...