The RBI today announced that it is working on formulating a plan to develop a mobile payment system. In other words, it means using your mobile as a credit card. The theory behind this thought is that there are 250 million mobile phone subscribers in India and growing rapidly, whereas there are only 10 million […]
Entries Tagged as 'Payment gateway'
Mobile Phones as Credit Card?
April 30th, 2008 · No Comments
Tags: India Credit Cards · News · Payment gateway
IndiaPay: India’s answer to Visa and MasterCard
February 5th, 2008 · No Comments
According to a press release from Indian Banks’ Association (IBA), a business plan is currently being made ready to launch a national card payment settlement company. According to figures released by Reserve Bank of India (RBI) on January 16 2008 (till Nov 2007) India has about 2.5 crore credit cards with transactions reaching Rs.36,661 crores.
IndiaPay […]
Tags: MasterCard · News · Payment gateway · Visa
