Page-3 of E-commerce in India Current Affairs, GK & News

PhonePe partneres with Indian Oil Corporation Limited for deployment of PoS terminals

PhonePe, the online payment service provider, has partnered with Indian Oil Corporation Limited (IOCL) to deploy its own Point of Sale (POS) payment terminals across all IOCL retail outlets nationally. As part of the pilot program, PhonePe PoS devices have already been installed at 30 IOCL outlets. The device will allow IOCL customers to pay ..

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OBOPAY secures PPI license from Reserve Bank of India (RBI)

OBOPAY, the global mobile payment solutions company, has recently secured a license for Prepaid Payment Instrument (PPI) from the Reserve Bank of India (RBI) to operate a semi-closed loop wallet in India. Using the PPI license, OBOPAY will solve various payment related problems for their partner clients – bringing efficiency and transparency to the payments ..

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IDFC Bank partners with MobiKwik for co-branded virtual Visa prepaid card

The IDFC Bank has entered into a strategic alliance with mobile wallet major MobiKwik to launch a co-branded virtual Visa prepaid card for customers of MobiKwik. The customers of MobiKwik can generate a 16-digit Visa virtual card through the app and use it for e-commerce and online transactions. In it, one need not be a ..

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BSNL launches “BSNL Wallet” with MobiKwik

The Bharat Sanchar Nigam Ltd. (BSNL) has launched its mobile wallet “BSNL Wallet” in partnership with MobiKwik to enable one-tap bill payment for its over 100 million subscribers. This digital wallet was launched at an event by Manoj Sinha, Minister for Telecommunications in New Delhi. The mobile wallet is developed & issued by MobiKwik on ..

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Axis Bank acquires Snapdeal-owned mobile wallet FreeCharge

Axis bank has acquired Snapdeal-owned mobile wallet FreeCharge in an all-cash deal worth Rs 385 crore to strengthen its position in the payments space. This acquisition is expected to help the bank take a significant step towards digital distribution of financial products. The platform provides access to agile customer-facing technology, which will help the bank ..

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