Indian mobile payments RSS
Over the past few years, the payment landscape in India has mirrored developments occurring in the global payments arena, albeit with a time lag. Although digital payments in India is a recent phenomenon, the trend has displayed an exponential growth in the sub-continent, with rapid growth being witnessed in digital payment transactions. India now represents [...]
The post Digital Payments in India – the making of a $500 billion ecosystem appeared first on Payments Cards & Mobile.
Its all change for Visa at the moment, having divested out of Monitise and yesterday announcing the mothballing of V.me, it has now closed its mobile payment venture in India after claiming that leading telecom companies refused to share their network. The company Movida India, the joint venture that Visa had formed five years ago in [...]
The post Visa ends mobile payment venture in India citing telcos as problem appeared first on Payments Cards & Mobile.
Mobile payments in India are predicted to grow 200 times over the next seven years to $3,000 billion and will benefit IT, telecom, banking and mobile wallet companies, as per a Bank of America Merrill Lynch report. “In India, we consider mobile payments to be both an opportunity (for banks, telcos and new players) and threat (due to [...]