India's Vijaya Bank launches Vpayqwik for QR code payments
First Global Data ("First Global" or the "Company") is very pleased to announce that its Vpayqwik service launched in partnership with Vijaya Bank is now accepted nationally across India at all retail locations.
0
External
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
The Indian government has launched the Bharat QR code national payment strategy which is the world's first interoperable payment acceptance solution. It is part of the Indian government's ongoing strategy to move towards a "less-cash" economy.
Vpayqwik™ is one of a select few mobile wallets in India that currently has access to this platform, and Vpayqwik™ will now be accepted at retail locations right across India .
Andre Itwaru , First Global's Chairman and CEO comments, "This is a transformational milestone and is an indicator of the global movement toward mobile payments. Our Vpayqwik™ mobile payment service will now enjoy full retail geographical coverage in India . It is gratifying to know that our strategy is on the mark and we are well positioned as more sovereign nations move toward demonetisation and electronic payments. We believe that our FINTECH solutions will pave the way to democratize mobile payments both domestically and cross border".