Great Indian (GI) Retail Group, one of India’s and South East Asia’s leading electronic payment and retail-assisted e-commerce groups, has been acquired Germany’s Wirecard.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Balasubramanian Chandrasekhar, Chief Executive Officer of Arab Financial Services.
McDonald’s will soon deploy the PAX D180 MPOS device in India to speed up the ordering process and smooth business operations. The D180 is one of the world’s most compact secure payment devices, complying internationally with EMV, PCI and SRED mandates, as well as being locally certified with Ratnakar Bank in India.
Estonia-based m-Payments specialist Fortumo has launched subscription payments using carrier billing for Windows Phone and Windows 8. Developers building apps for Microsoft platforms can now increase their subscription payment coverage by enabling carrier billing for users without credit cards in 83 markets.
Entrust Datacard launched the first integrated instant issuance kiosk solution in South Asia with State Bank of India (SBI). This is also the first instant EMV chip card personalization application in Asia – which follows the Reserve Bank of India’s (RBI) regulation.
State Bank of India (SBI), the nation’s largest bank, has launched six digital branches across the country, as part of a pioneering program to offer next generation banking solutions to India’s growing mobile phone and internet-savvy customer base. SBI aims to transform the customer experience by delivering world-class service through all of its customer channels. Accenture is a global management consulting, technology services and outsourcing company, with more than 293,000 people serving clients in more than 120 countries.
International business and payment platform Payelp Global announced its partnership and integration with Fortumo, which offers merchants “one-click” mobile payments in 79 countries worldwide. Fortumo, which has offices in the U.S. (San Francisco), Europe, China and India, not only offers mobile payments in the U.S. and Europe, but focuses on emerging regions and “hard-to-monetize” regions such as Latin America, Middle East, Africa, Central and Eastern Europe and Asia. Over 100,000 developers have already signed up to offer Fortumo mobile payments, including top developers such as Rovio, Electronic Arts (EA) and Gameloft.
Capital Access Network appointed GE Capital Veteran Shiladitya (“Shila”) Ray as the company’s new Chief Financial Officer. Ray is leading the Finance and Accounting teams at CAN and will play a key role in long-range strategic planning and initiatives, including product expansion, aggressive digital distribution and lending capacity. Ray has spent the past 16 years in various finance leadership roles at GE Capital. Most recently, he was the Global Simplification Leader for GE Treasury. Before his role in Treasury, he was the Chief Financial Officer (CFO), Operations for GE Capital, Americas. He also served as CFO for several GE businesses, including GE Trailer Fleet Services, GE Global Electronics Solutions and GE Commercial Finance, India.
Polaris Financial Technology announced Mashreq deployed its revolutionary Intellect Global Transaction Banking (GTB) platform. The integrated cash management platform through portal and backend modules allows the Bank to offer its customers’ transaction banking services on a single platform in multiple countries in the Region. With Polaris’ multi-country and multi-currency enabled Intellect GTB solution, Mashreq can offer new products such as liquidity and trade via a unified portal. The solution facilitates a global transaction banking implementation on a single instance of the application, improving the Bank’s ability to scale up transaction banking operations by three times their current capacity. Through this portal, the Bank offers a single window to their corporate clients for services related to accounts, payments, liquidity, collections and trade.
NCR Corporation, India’s largest ATM service provider, will transform over 2,500 State Bank of India (SBI) ATMs to Voice-Guided ATMs. NCR’s ‘Talking ATMs’ are incorporated with unique software and hardware features which ensures that a person with a disability can operate the machine on his own, while maintaining the safety of the transaction. These ATM machines are designed as per Access for All (AFA) standards and comprises of accessible key pads, voice-guidance technology, Braille stickers and multi-lingual capability. Apart from reading aloud screen messages, the machine also provides complete orientation making it easy for the customer to use the machine. An important security feature of this ATM is that it provides the person an option to blank out the screen as a safety mechanism to avoid shoulder surfing by any by-stander trying to access customer data during the transaction.
Prizm Payments, a leading Electronic Financial Transaction Services (EFT Services) provider has been recognized as the winner in “venture capital-backed IT company category award 2012” by VCCircle in its debut edition held in New Delhi. The venture capital (VC)-backed company of the year award is given to a player that has not only shown tremendous…
TSYS completed its ‘M-Payments and Prepaid Poised to Define Financial Institutions’ Delivery of Banking & Payment Services to Rural India’ white paper. Addressing key imperatives that will enable m-payments to fulfill their promise in India, the paper offers insights from TSYS-sponsored market research with Evalueserve, and explores how the untapped market opportunity of m-payments can act as both a significant market opportunity for financial institutions (FIs) and a great equalizer for consumers in rural India. It discusses the key market indicators highlighting the sea change underway in electronic payment transactions, specifically m-payments, such as the promise of frugal innovation as an alternative to expensive infrastructure investments and the high and rapidly rising mobile tele-density.