wordpress blog stats
Connect with us

Hi, what are you looking for?

TranServ to roll out mobile wallet with mVisa and RuPay

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. Digital payments company TranServ is launching a new mobile wallet and is tying up with mVisa and RuPay to make it acceptable across offline stores and ecommerce portals, reports Economic Times. Speaking to the publication, CEO Anish Williams said TransServ will be tying up with mVisa, RuPay and commercial banks to increase acceptance of the wallet rather than signing up with numerous individual merchants. Visa launched its mVisa payments service in August this year which allows users to make cashless payments from their smartphones at physical stores, e-commerce websites and deliveries at home via QR codes. mVisa counts ICICI Bank as a client and the bank allowed users to make cashless payments from their smartphones at physical stores via the Pockets app using the mVisa service. The Economic Times report also added that TranServ's new wallet is still in beta testing and is called Shmart and will be relaunched later this month. Interestingly, 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 time Shmart said it counts over 150 merchants, including PayUMoney, as its customers. Appoints chief product and marketing officer: Earlier in November, TranServ appointed Asutosh Upadhyay as chief product and marketing officer. Prior to this, Upadhyay has worked at OnMobile,…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

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...

Advert

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...

News

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...

News

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ