pankajsingh

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Payments Startup MobiKwik Launches Mobile Wallet As India’s Central Bank Acts To End Country’s Cash Dependence

In a move that could ease paper money’s stranglehold over the Indian economy and society, Mobikwik is releasing a mobile wallet for the country’s burgeoning smartphone-class to digitally buy goods directly from merchants. The Reserve Bank of India (RBI) is empowering payment companies to facilitate …

PayPal smartphone app could replace credit cards

PayPal's head of retail services says a payment system that recognises customers by their first name and picture via a mobile phone app will let consumers leave their wallets at home.<p>The PayPal app is being used by retailers in Richmond, London, allowing customers to leave their wallet or purse at …

Credit Cards

Facial Recognition Systems Turn Your Face Into Your Credit Card, PIN, Password

Earlier this week, Finnish startup Uniqul released a YouTube video advertising its pay-by-face authentication system.<p>In Uniqul's imagined future, faces will act like credit cards. At the checkout counter, you'll give a "meaningful nod" to the scanner, which will use your biometric information to …

Facebook to Test Its Own PayPal Competitor in Bid to Simplify Mobile Purchases

Facebook plans to test a new payments product that would allow online shoppers to make purchases on mobile apps using their Facebook login …

eCommerce

An Instagram Like Is Worth Five Times A Stolen Credit Card

Markets can indeed be wrong at times. And valuations in markets can certainly seem absurd at times: but the one things that markets don’t do is lie. Thus we really can say that a “like” at Instagram is worth five times more than a stolen credit card. For that’s what people are willing to pay for it.<p>…