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Mobile wallet

Mobile wallet transactions in India to exceed Rs 100 trillion in 2024

Mobile wallet adoption is gradually displacing traditional payments such as cash and cards in India. This has become even more prevalent during the current COVID-19 crisis and as a result mobile wallet transaction is expected to surpass Rs 100...

Mobile wallets' real power lie beyond payments: Research

Mobile e-wallets are slowly being morphed into rich customer engagement platforms, thus offering reach and the opportunity for marketers to borrow mobile moments to better serve their customers, a Forrester research said on Tuesday. Alipay and WeChat in China show...

Note Ban: FreeCharge announces 100 per cent cashback on 1 lakh merchants

Mobile wallet app FreeCharge has recently announced a 2 day cashback bonanza for consumers across its merchant network, starting December 11. The company has launched the offer to compete against the leading e-wallet Paytm which also announced a similar offer...

New authentication rule no threat to payment companies, will only accelerate digital payment adoption

After increasing the limit on mobile wallet spends, RBI has now eased card payments by removing the two-factor authentication for online card transactions involving sums up to Rs 2,000. The move aims to simplify and encourage electronic payments adoption at...

Demonetization is inflection point for India’s digital payments economy: E-comm giants

India is a country which has population of 1.25 billion, approximately 660 million debit cards and 25 million credit cards. In theory, the country is almost ready to go cashless, but where it lacks is the point of sales...

Paytm registers offline transactions worth Rs 150 cr in 6 days

India’s largest mobile payments and commerce platform, Paytm has announced that the company has registered over 25 million offline transactions worth over Rs. 150 Crores in the last 6 days, backed by its strong payment ecosystem of customers and...

Paytm goes multilingual; expects 80 pc growth in business

India’s largest mobile payments and commerce platform, Paytm is set to unveil its multilingual interface to enable millions of Indians to overcome language barriers and pay and shop in their preferred regional language. Starting today, Paytm’s user interface on Android...

Future Group launches digital loyalty wallet Future Pay

Kishore Biyani-led Future Group, has launched Future Pay, a digital loyalty wallet to let its customers shop cashless and cardless. The wallet will be used across Future Group outlets such as Big Bazaar, Ezone and Home Town. Future Pay, powered...

Freecharge partners with Shuttl for cashless commute

Freecharge has partnered with bus aggregator Shuttl to help over 15,000 commuters in Delhi- NCR to go cashless for their daily commute. Consumers can pay for their ride on Shuttl app using the Freecharge wallet in less than 10...

Boom time for consumers as retailers, mobile wallets tie up

What started as convenience of payments a few years back, is slowly but gradually, turning out to be a revolution. We are talking about the mobile payments revolution, which from a mere recharge of Rs 10 or a bill...
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Zepto achieves 120% revenue growth in FY24, reports strong financial performance

Zepto reduced its absolute losses, with PAT as a percentage of revenue improving significantly from -63% in FY23 to...
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