DCB Bank, a new-generation private sector bank in India, has launched of mVisa. The mobile based payment solution will make payments at retail outlets much easier: Customers of any mVisa issuing bank can make digital payments at mVisa enabled retail outlets simply by scanning a unique QR code on their smartphones.
To implement mVisa, the DCB Bank has partnered with GI Technology, a Chennai-based digital payment company. As a Wirecard subsidiary company, GI Technology is one of India’s and South East Asia’s leading electronic payment companies that provides retailers with the acceptance of mVisa payments and withdrawals at their POS within this collaboration.
The mVisa solution has been enabled at over 1,000 Smart Shop retail outlets and the bank plans to expand this number to over 25,000 shops across India in the next few months. Through mVisa, customers can also avail themselves of [email protected] service and pay for goods and services directly using their smartphones.
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