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mobile wallet News
Using mobile payment wallet? These incidents are timely reminders of how to keep money safe
Mon, Apr 08, 2019
Mobile payment wallets have made life easy for people. But at the same time, new types of dangers have emerged. Two users of Ola Money mobile payment wallet experienced one such danger recently in Mumbai.
Mobile wallets users alert! You may face problems soon - Here is why it is expected to happen
Tue, Jan 08, 2019
The report quoted a senior executive with a New Delhi-based payments company as saying “More than 95 per cent of the mobile wallets in the country could stop being operational by March.”
Get Rs 60,000 instantly! Festive shopping made easy! How you can get this boost
Wed, Oct 03, 2018
Now, you can get Rs 60,000 instantly in your mobile wallet! You can transfer the amount to your bank account as well.
How to keep money safe from cybercrime: Net banking, mobile wallets user? Do these
Thu, Sep 27, 2018
Indians are leaping forward towards a more inclusive Digital India. Going cashless is a clear and present trend.
Reliance Jio to sell JioPhone on MobiKwik platform
Sat, Feb 10, 2018
On successful payment, users will get a confirmation SMS from Jio with transaction details and another SMS with store details from where they can collect JioPhone after identity verification
Paytm to invest Rs 500 crore to create digital awareness
Thu, Jan 25, 2018
Paytm is hoping to cover one crore merchants across the country in the next three to six months from the existing 60 lakh merchant partners for the Quick Response (QR) code-based payments.
Google launches Tez mobile payments app in India; enables transactions directly from bank accounts
Mon, Sep 18, 2017
Google launches Tez mobile payments app in India that allows people to make payments through their phone by syncing it with their bank accounts.
Amazon pushes for Amazon Pay in new 'Super Value' sale on consumer products
Fri, Sep 01, 2017
Amazon India is offering customers up to Rs 1200 cashback in its new Super Value sale. Here's what it is about.
BSNL unveils mobile wallet for subscribers
Fri, Aug 18, 2017
The digital wallet, developed by MobiKwik for BSNL, is in line with the telecom corporation's intent to take the reach of digital payments to semi-urban and rural India, a BSNL statement said.
MobiKwik eyes raising $100 million in funding this year
Sun, Aug 06, 2017
MobiKwik has so far raised over USD 85 million in funding from investors like South Africa's payments major Net1, Sequoia Capital, American Express, Tree Line Asia and Cisco Investments.
Axis Bank acquires Accelyst and Freecharge for Rs 385 crore
Thu, Jul 27, 2017
The acquisition of Freecharge and Accelyst is expected to complete within two months, Axis Bank said.
Paytm receives $1.4 billion investment from SoftBank in latest funding round
Thu, May 18, 2017
Paytm plans to use the investment to grow its payments ecosystem in India and expand its user base.
How Snapdeal's downfall is Paytm's gain with FreeCharge
Thu, May 11, 2017
While there had been speculation earlier that Paytm was looking to buy Freecharge, this latest development puts all rumours to rest.
Flipkart stands to gain from the alleged FreeCharge, MobiKwik merger
Mon, Apr 24, 2017
Flipkart, which is advanced talks with Snapdeal's largest investor SoftBank for its acquisition, could stand to benefit from this deal the most.
Mobile wallet firms FreeCharge, MobiKwik in talks regarding merger
Mon, Apr 24, 2017
The merged entity is likely to get an investment of $200 million (nearly Rs 1,300 crore) from a Chinese investor
Snapdeal installs Jason Kothari as CEO of Freecharge; invests additional $20 million
Mon, Mar 20, 2017
Kothari takes over as Freecharge CEO after its former CEO Govind Rajan resigned a year after taking charge of the company.
Unlike Paytm, MobiKwik says no to 2% fee for recharging wallets using credit cards
Thu, Mar 09, 2017
Post demonetisation, in order to boost the government’s vision of cash-less India, MobiKwik had a stated policy of revoking fees on uploading money through credit cards and the company reiterated its policy of continuity.
PayUmoney isn't shutting down; read the full story
Fri, Jan 20, 2017
“ Our communication to consumers has been totally misquoted. We are in process of upgrading wallet backend operations and hence temporarily suspended load functionality only for users to avoid customer service issues. The same will be resumed shortly once backend is upgraded. Users can continue to use all other functions such as purchase, withdraw money etc," Jitendra Gupta, MD, PayUIndia.
MobiKwik targets Rs 600 crore GMV from oil and gas sector in 2017
Tue, Jan 10, 2017
The mobile wallet company also announced that it will have zero surcharge on all transactions at petrol pumps and on LPG gas payments.
MobiKwik plans to achieve target of Rs 1,000 crore GMV in 2017
Thu, Jan 05, 2017
MobiKwik also announced that it is investing over Rs 50 crore in setting up new offices and will be hiring over 1,000 employees.