Our Digital Payments coverage is brought you by Chillr: India’s 1st multi-Bank instant mobile payment app enabling fund transfers to anyone in your phonebook. Handset manufacturer and payments company Transerv have entered into an agreement to integrate a wallet on to the company's phones. The new partnership will allow Micromax to provide users of its handsets a native payments solution for financial and social transactions including sending or requesting money, splitting bills, sending gifts to friends, and making payments through phone integrations. The Economic Times adds that the wallet will be an app called UDIO which will be integrated into new phones from Micromax. We're guessing that it would be similar to Paytm or MobiKwik. Micromax is creating a large offline network and users will be able to top up their wallet at 135,000 retail outlets where Micromax devices will be sold. The company also adds that it will be offering other financial services such as micro-loans. Also on Micromax's plans is that the company will issue a physical card which will integrate with the wallet to make offline payments. It's worth remembering that Transerv said that it was tying up with mVisa and RuPay to launch a digital service and it would certainly help in making physical cards. TransServ's tie up with RBL Bank TranServ tied up with RBL Bank and launched Shmart in February where RBL Bank provided semi-closed loop prepaid account to store funds. Shmart offers a prepaid reloadable wallet for consumers and gives merchants API access to integrate wallets on their website. At the…
- Delhi High Court puts a stop to fraudulent Burger King websites September 21, 2023
- WhatsApp bets on e-commerce in India with new business features September 21, 2023
- Event Announcement: International trends in Network usage fees, 4th October #Ad September 21, 2023
- Delhi HC Passes Order Disallowing Non-Permitted Use Of Anil Kapoor’s Name, Voice, Dialogue Through AI September 21, 2023
- IT Ministry appoints special officer on duty to set up the Data Protection Board of India September 21, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
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...