Digital payments firms in India may be the new kids on the financial block but boy are they taking banks to the cleaners. A few weeks ago, Mint reported that 30 percent of movie tickets in film-mad India will soon be purchased with mobile phones, a sum that outstrips credit or debit cards or cash. Indians are also using their phones to pay for utilities and taxis at a much greater volume than they do with cards. As Mint reveals, banks still have a lead for in-store purchases in places like shopping malls and air tickets but even those categories are rapidly slipping away. In other words, get ready for plastic to go the way of the SMS. The Economic Times reports that in just four months of Google launching their own payments service, Google Tez, the US firm is processing the same number of digital transactions as one of India's top private banks -- Axis, fourth overall in the payments sphere in its sector. And just last month the Reserve Bank of India reported that transactions made … [Read more...] about Mobile payments skyrocket in India while banks watch from the sidelines
When mobile was launched in india
For Samsung, much is riding on two new phones as the company suffers five consecutive quarterly declines in profit and continues to get squeezed by cheap Chinese gadget makers in the low-end, and Apple in the high-end.The South Korean tech giant set the price much lower for the Note 5 and Edge 6 Plus, unveiled last week in New York, than previous iterations in the Note series. Latest news on Asia India 'anti-colonial' to its economic detriment: Marc Andreessen in incoherent Twitter rant LG Pay will be a no show at MWC: Report Singtel shrinks net profit by SG$16m Facebook withdraws Free Basics project in India Samsung to provide public safety network in South Korea The Note 5 will cost 899,800 won ($762.15) based on the 32 GB model. The first Note launched in 2011 with a price tag of 957,000 won, with the Note 2 and Note 3 that followed 1.089 million won and 1.067 million won respectively. The Note 4 was priced at 957,000 won.The S6 Edge Plus' price is set at 939,400 … [Read more...] about Note 5, Edge 6 Plus, and Samsung Pay launch in South Korea
China's Gionee Elife S5.5 claims to be the world's thinnest smartphone thanks to its 5.5mm-thin frame and the good news is, if you live in India, you'll be able to get your hands on it soon (mid-April) for just 22,999 Indian Rupees ($383).For the price you're paying, you'll be getting an Android-powered smartphone that sports a 5-inch Full HD Super AMOLED display, a 13-megapixel camera as well as an eight-core processor. Despite its 5.5mm-thin frame, the smartphone also packs a 2,300mAh battery, which should hopefully give it at least a day of use. I was pretty impressed when I spent some time with this handset at Mobile World Congress -- be sure to check out my hands-on here. Hopefully, Gionee will be able to bring this handset to other markets in the world soon.Via Indian Express … [Read more...] about 5.5mm-thin Gionee Elife S5.5 launches in India
In the context of demonetisation and a cashless economy digital payments systems are very important in India. Today, as Samsung prepares the launch its cashless payments platform - Samsung Pay, the entire focus of the market has shifted towards a cashless economy which has given a massive fillip to mobile wallets like Paytm, Freecharge and even the government's own BHIM app. Samsung Pay, however is a different animal. It is a hardware element embedded in Samsung's phones which allow the phone to act like a credit or debit card; not too dissimilar from Apple Pay which Apple had introduced to the world a couple of years ago with the iPhone 6 for the first time. Apple Pay, however, is not in India, which gives Samsung's platform a first movers advantage in India. Let us demystify what Samsung Pay means to the market in India and how it works. What is it? Essentially it is a hardware feature in select Samsung phones which allows the user to wave their phone around a cash register to make … [Read more...] about Why Samsung Pay’s launch in India is so important?
Android 7.0 Nougat update is rolling out to Moto Z phones in India after Motorola announced the same for its US users earlier. With the Android Nougat update, the Moto Z becomes the first non-Google phone to officially support Daydream, Google's platform for high-quality mobile VR. The Moto Z Force, which has not released in India yet are also receiving the update. "These are the first smartphones from another manufacturer to be recognized by Google as Daydream-ready devices - a distinction given to phones that have been certified for the Daydream platform and are built for VR with high-resolution displays, ultra-smooth graphics and high-fidelity sensors for precise head tracking," Motorola stated in a blog post.Users will receive the update in the form of an OTA update. To check, head to Settings, About Phone, System updates. The Moto Z update comes after Motorola came out with a list of 15 phones that would be receiving the update within some time. The Moto G4 and the Moto G4 … [Read more...] about Moto Z gets Android 7.0 Nougat in India