The major boost in the number of users for Samsung Pay came as they opened up the payment option for the J Series phones which are the most popular in India.
Vijay Shekhar Sharma said entry of global companies would bring the needed attention to India’s digital payments market and lead to standardisation of products.
In an exclusive interview with ET's Pratik Bhakta its global CEO Laurent le Moal and India CEO Amrish Rau talk about how PayU sees digital bank as the ultimate aim here.
Paytm is looking to a connection between payments and social messaging before it gets captured by WhatsApp in India.
Paytm has been one of the biggest beneficiaries of the government's move to demonetise large-value tender last year.
With its new service in India, PayPal will act like a payment aggregator and work with banks to offer digital payment services to its customers.
UPI, which emerged as the major game changer in the peer to peer digital payments space after demonetisation, has been showing steady growth since last year.
NPCI which manages the RuPay card network in the country issues Discover cards for payments outside India.
This will also open up opportunities for the company to cross sell its financial products to its clients using the travel outlet for booking tickets.
These hirings come close on the heels of former ecommerce platform Jabong vice president Rukaiya Rangwala being onboarded as the business head for its payments gateway business.
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