On September 12, Apple launched the iPhone 8, 8 Plus, the eagerly awaited iPhone X along with Apple Watch Series 3 and Apple TV 4K. Apple also announced that the global rollout of iOS 11, which was announced at the WWDC 2017, will start seeding to compatible iPhones and iPads on September 19. One of the most popular features available on iOS devices is Apple Pay, which is not yet available in India. However, sources close to iGyaan tell us that Apple has begun testing Apple Pay in India and will be introduced in the country by the end of 2017. Sources tell us that Apple is in talks with several merchants like Starbucks and Croma stores, and banks like HDFC Bank, Standard Chartered, [...]
Mobile payment seems to be the next big thing getting users excited in the tech world. It refers to transactions, under specific financial regulations to ensure safety, using a mobile device. The latest company to be in news related to this tech development is Samsung, creating headlines with Samsung Pay.
The newest service of the company has been launched in its home country of South Korea less than a month ago, and the company claims it has already witnessed transactions amounting to $30 million. This amount is spread across 1.5 million transactions. They were made by people who were active throughout the course of [...]
After stepping in the e-commerce market, Paytm is geared to diversify into the offline space. The digital recharge start-up has partnered with thousands of quick service restaurants (QSRs) in major cities of India to provide cash-less service in the next two months. By stepping in offline retail business, the mobile recharge service will offer customers a choice to pay through their secure platform without the need to carry cash.
The Vice-President (Business) of Paytm Amit Lakhotia stated on the same –
We are now foraying into the offline space. We have partnered various QSRs [...]
E-commerce website, Snapdeal, is one of the most prominant players in the market along with Flipkart and Amazon. The company has now announced that it has acquired the mobile payment app, Freecharge. With this move the company hopes to gather more users as well as create new services to extend its offerings.
FreeCharge lets users pay for their mobile recharges, DTH and utility for multiple service providers. Every day 75 million mobile recharges are done in India out of which only 3 Million are done online, so it is definitely a massive market to have captured. While the service providers do provide online payment [...]