Citibank India and MasterCard have launched a global digital wallet called Citi MasterPass for the lender's Indian card customers where they will be able to shop at more than 250,000 e-commerce merchants located in India and around the world. The wallet stores Citibank customers' card and shipping information and customers can use the "Buy with MasterPass" option while shopping online which reduces the need to fill in details repeatedly across online merchants. India is the first market in the Asia Pacific region where Citibank card customers will be offered the MasterPass solution, which is already present in 24 countries, the company said in a release. The company also said that around 41% of all Citibank card transactions in India are performed online. In India, the bank will be tying up with 100 online merchants and EBay India, Bookmyshow and BillDesk are some of the e-commerce companies that will introduce the Citi MasterPass option. Other players - In February, India’s largest private sector lender ICICI Bank introduced a new digital payments product for mobiles, which integrates a digital wallet, a physical prepaid card and a basic savings bank account. The product named Pockets is now available for download on Google Play for Android devices. The bank added that the wallet will be introduced for iOS and Windows Phone devices soon. - RBL Bank tied up with TranServ, a digital payments company, and iKaaz, a Bangalore-based NFC payments firm, partnered with DCB Bank to launch co-branded wallets too. - Axis Bank also introduced multi-social payment solution ‘Ping Pay’ to enable customers with…
- What are the new measures taken by American telecom regulator on scam robotexts? March 20, 2023
- Here’s why you should worry about Punjab’s Internet shutdown March 20, 2023
- Last day: Don’t forget to switch from SMS two-factor authentication on Twitter March 20, 2023
- Is it Piracy if “Digital Libraries” Provide Free Access to Books? US Court Weighs Tough Question March 20, 2023
- How many IPTV connections does India have for its telecom regulator to call for convergence? March 20, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...