22 October 2017
Register now

India's Vijaya Bank launches Vpayqwik for QR code payments

21 February 2017  |  2716 views  |  0 Source: First Global

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.

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".

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.vasco.comRegister now

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
11404 views comments | 17 tweets | 24 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
11235 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9280 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
8345 views comments | 10 tweets | 22 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8326 views comments | 9 tweets | 18 linkedin

Featured job

Find your next job