Did Axis Bank Lap Up FreeCharge For A Song, Or Pay A Tad Too Much?

India’s third-largest private-sector lender Axis Bank snapped up beleaguered digital wallet firm FreeCharge for $60 million (Rs 385 crore) last week. In the process, it pipped other suitors such as bigger digital wallet firms Paytm and MobiKwik, e-commerce major Amazon, payments firm PayPal, Airtel Money and South Africa’s Internet group Naspers.

WhatsApp Has Business Chat, Payment Sectors In Its Sights

With more than 1.2 billion monthly active users globally, Facebook Inc.-owned messaging application WhatsApp undoubtedly knows how to keep consumers engaged on its network. Will WhatsApp, however, be able to gain similar traction when it eventually launches its payment and WhatsApp for Business apps?

Digital Payments: Paytm’s Biggest Contender Will Be WhatsApp Or Amazon?

With FreeCharge to be acquired Paytm and MobiKwik a distant second, there is only one clear leader in the digital wallet space currently. Paytm has surpassed several others in this segment and positioned itself well to rise the demonetisation wave.

Amazon Pay Plans Mobile Recharges, Could Be Tough Competition For Paytm, MobiKwik

Paytm and MobiKwik, India’s largest mobile wallet companies, had better pad up for their biggest competition yet. For, Amazon is preparing to enter the mobile recharge segment, which accounts for nearly one-third of spending on mobile wallets, with Amazon Pay.

MobiKwik Stops Cashback To Start Loyalty Programme, Reduce Burn By 25%

Just like the growth of ecommerce companies in India was fuelled by discounts, mobile wallet companies such as Paytm and MobiKwik grew on the back of cashbacks — sometimes as high as 100% of the transaction amount.

How Start-Ups Die Plop!

Start-ups, the playfield of the young and the restless, have had a hard reality check.

Join Sanchit Vir Gogia for Twitter Chat on #Wallets digital

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Join Greyhound Research (@Greyhound_R) and Sanchit Vir Gogia (@s_v_g) for a tweet-up on Digital Wallets: Will Digital Wallets Eliminate Traditional Transactions?

Panelists:

Moderator: Brian Pereira, Conference Head – CeBIT Global Conferences @brian9p

Join Sanchit Vir Gogia for Twitter Chat on #walletisdigital

Print

Join Greyhound Research (@Greyhound_R) and Sanchit Vir Gogia (@s_v_g) for a tweet-up on Digital Wallets: Will Digital Wallets Eliminate Traditional Transactions?

Panelists:

Moderator: Brian Pereira, Conference Head – CeBIT Global Conferences @brian9p

#GreyhoundInMedia: Lack of awareness, bank deposit fee hinder mWallet India growth #Press #Media #ETTelecom

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.

#GreyhoundInMedia: Lack of awareness, bank deposit fee hinder mWallet India growth #Press #Media #WorldNews

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.

Lack of awareness, bank deposit fee hinder mWallet India growth

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.

#GreyhoundInMedia: Lack of awareness, bank deposit fee hinder mWallet India growth #Press #Media #ZeeNews

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.

Lack of awareness, bank deposit fee hinder mWallet India growth

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.

#GreyhoundInMedia: Lack of awareness, bank deposit fee hinder mWallet India growth #Press #Media #DNA

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.

Lack of awareness, bank deposit fee hinder mWallet India growth

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.

#GreyhoundInMedia: Lack of awareness, bank deposit fee hinder mWallet India growth #Press #Media #BusinessStandard

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.

Lack of awareness, bank deposit fee hinder mWallet India growth

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.

#GreyhoundInMedia: Lack of awareness, bank deposit fee hinder mWallet India growth #Press # Media #EconomicTimes

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.

Lack of awareness, bank deposit fee hinder mWallet India growth

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.

#GreyhoundInMedia: Lack of awareness, bank deposit fee hinder mWallet India growth #Press #Media #PTI

Even with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer money and pay bills using their mobile phones, experts say.