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ICICI Bank Launches India’s First Contactless Mobile Payment Solution
ICICI Bank today unveiled a contactless mobile payment solution, which it claims to be first of its kind in India. As per ICICI, this payment solution enables its credit and debit customers make in-store contactless payments by just waving their smartphones near an NFC-enabled merchant terminal. This mobile payment solution has been launched today for the employees of the bank and will be available for its customers in the last week of March when the updated 'Pockets' application will be available on Google Play Store. An ICICI Bank credit and debit customer (VISA/Mastercard) with an NFC enabled smartphones of Android 4.4 OS & above will be able to use this solution.
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- Technology
- Region
- South Asia
- Tags
- fintech
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MTN Mobile Money Customers Could Soon Earn Interest
Speaking at the company’s annual media forum to interact with editors and stakeholders, Mr. Asante said discussions were already underway with partner banks to set the modalities on how much interest to be paid and the criteria for qualification to earn an interest.
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- Technology
- Region
- Sub-Saharan Africa
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- fintech
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The Future of Mobile Wallets in India
Digital payment service providers are competing fiercely, offering attractive offers and unrealistic discounts. Is this the making of another bubble?
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Mobile, Agency Banking Driving Bulk of Transactions and Loans for Kenyan Banks
Kenyan banks are reaping big from innovative mobile products and strategic partnerships that are fueling acquisition of new customers and revenue streams even as technology renders some jobs redundant.
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- Technology
- Region
- Sub-Saharan Africa
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- fintech
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Viewpoint: Health-Tech Startups Can Make India a True Innovation Hub
Whenever we talk about disruption in any industry, the existing gaps or snags within the space are the driving force behind it, especially when the gaps have reached a point of deficit. It is only at this stage of extreme deprivation that we see truly innovative solutions emerge. And there are plenty of examples to corroborate this fact. Be it the telecom revolution in India that took place in the late 90’s, led by the then newly formed private telecom sector in the country, or the more recent and still growing “Uber” led disruption for the public transport system in India or even the world. Most industries that have seen transformation at any point have benefited from the lacuna that existed before that particular industry was set on a path of resurrection.
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- Health Care, Technology
- Region
- South Asia
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Telenor’s newest plans: Dial I for insurance in India
Late last decade, Uninor (a JV between Telenor and Unitech) was among the brash new entrants to Indian telecom, giving larger players sleepless nights. At the vanguard of a price war, Uninor offered rates as low as 29 paise per minute and came up with schemes like unlimited talktime for students at a flat rate of Rs 37 for calls within the network.
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- Technology
- Region
- South Asia
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70% of Nigerians Have Not Heard of Mobile Money
Although the advent of mobile money in Nigeria is more than two years and over 21 operators in the sector have been licensed by the Central Bank of Nigeria, more than 70 per cent of Nigerians say they have not heard of mobile money.
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Philips to Ship Healthcare Products From India
After establishing Pune as the global headquarters for its mobile surgery division, Dutch technology company Royal Philips is exporting the products it developed here to the Western markets.
- Categories
- Health Care, Technology
- Region
- South Asia
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