Category: Online Payments & Money Transfer

review of payment services

The Best Paypal Alternative For India

Paypal is the global leader in online digital payments and almost all freelancers in India have an account with it. A Paypal account however has some usage limitations. It cannot be used to send and receive domestic payments because of RBI’s restrictions. With the growth of E-commerce in India, many payment gateways and mobile wallets […]

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Get Instant Cash Loan Online in India

Are you looking to get an emergency cash loan sanctioned within a short duration of 1-2 hours online ? Then read on. Many of us face an emergency where we require an instant cash loan on the same day. Such a situation can arise in the case of a medical emergency, financial opportunity or urgent […]


Financial Behavior in India 2014 Report

InterMedia has released a new report which presents findings on financial behavior among Indian adults. In particular, the focus is on the access and use of banking services and mobile money services; as well as triggers and barriers for potential uptake. The report has been authored by Intermedia and is supported by the Financial Services for the Poor […]

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Innovations in Digital Finance 2014 Report

Major new trends and innovations in digital financial services are opening up the possibility of significantly expanding financial inclusion in Africa, according to a new study released this week by IFC, a member of the World Bank Group, and The MasterCard Foundation. The study, “In The Fast Lane: Innovations in Digital Finance“, highlights advances in distribution […]

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Accion Venture Lab Invests in RevolutionCredit and StreetShares

Early this month, Accion a leader in financial inclusion, announced two investments in RevolutionCredit and StreetShares , through Accion Venture Lab, a $10 million initiative dedicated to providing seed capital and management support to financial inclusion start-ups. Accion Venture Lab Investments 2014 Launched in 2012 and based in Irvine, California, RevolutionCredit was born out of […]

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Mastercard acquires India based ElectraCard

MasterCard this week announced that it has entered into an agreement with Opus Software Solutions Pvt. Ltd to acquire its subsidiary, ElectraCard Services Private Limited (, a leading global provider of software solutions and processing services for electronic payment and card systems. MasterCard previously had a minority investment in ECS. This transaction is anticipated to […]

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MasterCard and Beam plan to to Reach 14 Million New Customers

At Mobile World Congress yesterday , MasterCard announced its collaboration with Beam, a revolutionary mobile and electronic commerce wallet, to launch a first-of-its kind, low-cost, MasterCard mobile companion pre-paid card that will allow over 14 million mobile wallet consumers of Beam to transact at physical merchants, online and access ATMs. The prepaid card will seamlessly […]

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HDFC bank launches pilot mobile financial inclusion initiative with Vodafone’s M-Paisa

HDFC bank last year tied up with Vodafone to launch it’s bank services to be delivered through it’s  M-Paisa platform. The pilot program was recently reviewed by senior RBI officials in Rajasthan, India. On the successful completion of the pilot, HDFC plans to roll out the service through out India and has set an ambitious target of acquiring 10 […]

mobile payments india 2012

Mobile Payments in Rural India 2012 : White Paper

TSYS last week announced the completion of a white paper titled ‘M-Payments and Prepaid Poised to Define Financial Institutions’ : Delivery of Banking & Payment Services to Rural India, which considers the key imperatives that will enable m-payments to fulfill their promise in India. The paper offers insights from TSYS-sponsored market research with Evalueserve, and explores […]

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Citi India announces launch of Cash-To-Mobile solution with Coco-Cola India

Citi India last week announced a significant addition to its Mobile receivables solution functionality introduced by the Global Transaction Services business group, with the launch of Citi Cash-To-Mobile Receivables Solution. Aimed at Corporate and Institutional clients, this market first solution empowers corporate customers to receive funds from retailers or end customers instantly via mobile. As the first bank […]

mobile money gateway

Mobile money global gateway launched

The mobile money global gateway ( was launched today by Clarion events ltd and features the latest news, views, videos, webinars, market reports, events and a comprehensive directory of all the major products and suppliers in the mobile money eco-system. You can sign up today and start benefitting from: The latest industry headlines all in […]

e-payment gateway india

Government of India – E-Payment Gateway to be launched in 2012

The Controller General of Accounts is launching a full-fledged electronic delivery of payment services through the Internet in 2012. To enable this, a Government e-Payment Gateway is envisaged as a critical infrastructural component to ensure that such transactions occur without any hitches and in total security over electronic networks. E-Payment Gateway – Govt of India […]

mobile money 2011

Nokia launches Mobile Money services for India

Nokia and Union bank have announced the launch of their Mobile Money Services in India. You can now transfer money, pay bills, recharge your balance and shop from your mobile phone without the need for a bank account. Nokia Mobile Money India The services are delivered by Nokia through partnerships with banks including Union Bank […]

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Sub-K – Basix’s new mobile banking service

In the below video Vijay Mahajan, Chairman of Basix, welcomes a new customer to Sub-K a new service started by Basix for it’s clients. Sub-K in hindi means “for everybody” and it enables people to carry out micro transactions. The service enables a customer to get seamless access to micro-savings, remittances and government payments. Sub-K […]

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Women & Innovation for Mobile Award : Get funding grant of Rs 44 Lakhs!

The Vodafone Foundation in association with the Digital Empowerment Foundation has announced the Women & Innovation for Mobile (WIN) Award. The ‘Win’ Awards seeks to identify innovative mobile solutions which meet the diverse needs of women under the following categories: Education Healthcare & Family Economic Empowerment & Entrepreneurship The three winning solutions will qualify for a […]

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South Asia Mobile Payments & Banking Summit 2011 – Sri Lanka

About the Summit  Indian Ocean / South Asia Mobile Payments & Banking Summit 2011 will showcase the unique prospects in the emerging economies of Sri Lanka, India, Pakistan, Bangladesh, Nepal, Seychelles, Maldives, Mauritius, Kenya and South Africa arising from the rapid growth & affluence in the Indian Ocean region.  Explore the current hot spots, growth opportunities […]

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Syncada processes US$ 2 Billion in payments

Syncada announced today that during the month of August 2011 the global financial supply chain network processed a record number of payments in any one-month period, surpassing $2 billion (USD) throughout its network, with a grand total of $2.016 billion. Syncada Payments Processing more than $2 billion in volume per month is a significant year-over-year […]

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Mobile Governance Policy Framework – Draft Consultation Paper released

The government of India has proposed formulating a comprehensive policy on Mobile Governance.  The National e-Governance Division (NeGD) within the Department of IT has floated a Draft Consultation Paper on Mobile Governance Policy Framework, which is available online (pdf) so that various stakeholders across Government Departments, Industry, and Citizens can give their feedback and comments on the same. The […]

mobile payments workshop 2011

Mobile Money Southern Asia Conference – 26-29 September 2011

India Microfinance Business News is supporting this year’s Mobile Money Southern Asia, Conference & Expo taking place on 26-29 September 2011 in Mumbai, India. Register now and save up to £450 on your delegate price. Please quote MSAC12 when registering. The South Asian regulatory environment is evolving, enabling the creation of a mobile money transfer (MMT) network. How will you […]

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Western Union Money Transfer to acquire Travelex Global Business Payments for Rs 4300 Crore

The Western Union Company, yesterday announced it has signed an agreement with Travelex Holdings Limited to acquire the Travelex Global Business Payments division, a leading specialist provider of international business payments, for £ 606 million in cash (Rs 4300 Crore approximately). Travelex Global Business Payments (TGBP) conducts business payments annually for 35,000 customers in 14 […]