Few years back, India didn’t have its own mobile payment platform, but a Bangalore based company iKaaz made overcome the issue by launching an android app of mobile payment known as Mowa. No more, the users of the country needs to depend on the international app for receiving and making the payments as the app solves our problem by enabling us to do all this in much easier way.
In an attempt to woo its customers HDFC Bank has launched Digital wallet – merchant payment service, which can be used across various online retailer outlets. Customers can make payments for their purchases on various websites by remembering their HDFC Bank digital wallet details.
Thanks to the latest mobile revolution and the ongoing smart phone craze, you can move around anywhere completely cashless. Whatever the reason is, paying bills in a restaurant, paying the cab or recharging your phone, anything is possible with the latest smart phone application, Momoe. Gone are the days when you had to run the risk of carrying cash or cards everywhere.
CIBIL is trying to link the telecom utility payment history to the banking and financial records of customers and make it available as a Cibil record to banks and other financial institutions. And CIBIL is now looking at adding telecom bill payments of post-paid customers, landline users and broadband subscribers as a weightage in that Cibil score.