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2254

Mobile wallet Xendit targets Indonesia’s P2P payment market

E27.CO: Currently in beta, the launched version will allow users to connect their debit cards, send funds to friends and  withdraw wallet funds to a bank accounts (more…)

eWallets, Indonesia, InspirAsia

July 1, 2015

1701

Indian Business Baron Ratan Tata Invests In Paytm

E27.CO: Chairman Emeritus of Tata Sons Ratan Tata has made an undisclosed amount of investment in mobile payments and commerce company Paytm. With this investment, Tata will pick up a small stake in One97 Communications, the company that owns and operates Paytm. He will also take on the role of an advisor at the company.

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Deals, Fintech news, India, InspirAsia, news, p2p-payments

March 13, 2015

1407

India’s Top Mobile Wallet App Adds Support For Payments To Bank Accounts

TECHCRUNCH: Paytm, a India-based mobile payments service operated by (now) Alibaba-backed One97, has introduced a big new feature that lets 25 million users transfer money to bank accounts. Mobile wallets, like that of Paytm, have grown in popular in India, where credit card adoption is low and many services, including online retailers, process a lot of cash-based transactions. (Its billion-plus population is estimated to have just 450 million bank accounts, with many unused.) Wallets are at the intersection of that, providing greater reliability than cash, but without requiring users to get bank accounts.

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eWallets, Fintech news, India, InspirAsia

March 13, 2015

1905

Battle For Mobile Payments: Guide to Digital Wallets

THE FINANCIAL BRAND: According to BI Intelligence, the consumer payments industry will process about $2.7 trillion of card-based payments in the US in 2015. This explains why there is a massive amount of mobile-centric innovation occurring in the payments space and why competition for the consumer’s wallet is so intense.

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Analytics, eWallets, Global trends, Mobile payments/banking, Mobile-first banks

March 10, 2015