Citibank India Rolls Out Mobile Card Acceptance Platform

What's Next In Payments®
6:31 AM EST January 22nd, 2013

Citibank India has launched a Square-like swipe-and-dongle system for mobile payments acceptance in India, according to Finextra. Citibank partnered with local tech company Ezetap for the platform, which is a PCI-compliant system compatible with Android mobile devices.

“We believe that this payment and collection device has the potential to dramatically increase the penetration of card terminals from the current low level of 700,000 units in India,” said Muge Yuzuak, country head, cards and personal loans, Citibank India.

Read the full story here.

Comments
Also by This Author
What's Hot
Point of Sale
PCH Trying to Buy Fab For $15 Million
Apple Pay Tracker
MasterCard: Security Is Nice, Functionality Is Better
News
Intuit Payments Sees Growth
News
Finally, An App That Finds Only Bars And Nightclubs!
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
In Depth
Let’s Get Ready To Retail
CA Technologies
How To Ignite Issuer-Branded Mobile Wallets
Point of Sale
PCH Trying to Buy Fab For $15 Million
Cool
Who’s Driving eCommerce Spend?
View All Articles ››