Payment Systems

Obopay, Grameen Solutions Tie-Up For Mobile Payment Services For The Poor - 1 Comment
Posted By Cerius Shah - Wed 06 Aug 2008 01:14 PM PST

Mobile payment service provider Obopay and Nobel Prize winning Dr. Yunus’s micro-finance firm Grameen Solutions, have tied up for a mobile banking initiative. The Bank A Billion initiative proposes to…

RBI Puts Halt On Mobile Banking Services; Final Guidelines Expected In 2 Weeks - 2 Comments
Posted By Cerius Shah - Sun 27 Jul 2008 08:31 AM PST

The Reserve Bank of India has asked banks to keep their mobile payment services on holds until final guidelines are issued. However, mobile alerts for credit/debit, balance enquiry and other…

Google Adwords Launches Netbanking; Ties Up With DirecPay - 2 Comments
Posted By Cerius Shah - Mon 30 Jun 2008 01:03 PM PST

Just when you thought you knew all the usual suspects. Google (NSDQ: GOOG) Adwords has launched its netbanking service and tied up with DirecPay, a subsidary of BCCL’s Timesofmoney. The…

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RBI Drafts Norms On Mobile Payment For Banks - 4 Comments
Posted By Cerius Shah - Sun 15 Jun 2008 03:43 AM PST

The Reserve Bank of India has issued draft guidelines on mobile payments, a few highlights from the 12 page document below: Mobile Payment has been defined as ‘information exchange between…

Paymate Raises Rs 38.57 Crores In Series B Funding - 2 Comments
Posted By Cerius Shah - Tue 10 Jun 2008 11:16 AM PST

Paymate has raised $9 million (Approx Rs 38.5 Crore) in series B funding from Mayfield Fund and existing investors Kleiner Perkins Caufield & Buyers and Sherpalo Ventures. Nikhil Khatau, MD…

Tanla Acquires $15.8 Million Stake In Finnish-based Openbit - 1 Comment
Posted By Tricia Duryee - Thu 05 Jun 2008 12:43 PM PST

Tanla, an Indian provider of mobile services, said it acquired an 85 percent stake in Openbit, a Finland-based mobile payment software company for $15.8 million in cash (Euro 12 Million)reports…

Tata Indicom, Paymate Tie Up For Mobile Flight Ticketing - 1 Comment
Posted By Cerius Shah - Fri 28 Mar 2008 12:08 PM PST

Tata Indicom and Paymate have tied up to provide Indicom subscribers with flight ticketing services. The agreement is currently limited to domestic air tickets. Paymate has also partnered with Kingfisher…

Mobile Payment Roundup: Paymate-Sri Lanka; Barclays - USSD Based Services - 7 Comments
Posted By Nikhil Pahwa - Mon 03 Mar 2008 09:10 AM PST

-- PayMate becomes the second Indian mobile payment co to enter Sri Lanka: the company has tied up with Bank of Ceylon (BOC) for enabling bill payments - electricity, water…

RBI To Finalize Regulatory Framework For Internet And Mobile Banking Soon - 0 Comments
Posted By Nikhil Pahwa - Wed 27 Feb 2008 09:14 PM PST

A committee looking into issues of Internet and mobile banking is expected to submit its report to the Reserve Bank of India in March, following which the central bank will…