India Mobile Payment Stocks Snapshot
Research In Motion (doing business as BlackBerry) (NASDAQ:BBRY) (BB.TO) is trading at 14.73, down 0.40 (2.68%), with a morning high of $15, 05. According to Mobile World Live, " India's PVR Cinemas has launched the country's first NFC-based mobile payments system, according to Information Week. The event was designed to coincide with the availability of the new BlackBerry 10 platform. The NFC system will initially only work with BB10-based smartphones."
Calpian, Inc. (OTCQB: CLPI), trading at $2, 00, reported in mid -March that, as of February 28, 2013, the Money-on-Mobile service offered by its Indian subsidiary is now being supported by over 126,200 retail locations, increased from 122,340 on January 31, 2013, and accessed by approximately 39.5 million unique phone number customers, up from the 35.8 million reported from the previous month. The February 2013 processed transaction volume, measured in Indian rupees, was 661 million INR - an approximate 24 million increase over January 2013 processed volume. At current exchange rates, February processed transaction volume was approximately $12.2 million.
According to Calpian CEO, Harold Montgomery, "Despite the fact that February was a short month, we are pleased to see continued growth in both usage and processed transaction volume during this time. In fact, in February, Money-on-Mobile experienced even greater monthly growth than we've seen in previous months - a true indication that Money-on-Mobile is becoming entrenched in the daily lives of Indian consumers."
Citibank, a subsidiary of Citigroup, Inc. (NYSE:C) is trading at $43.28, down 0.83, with a high of $44.10. Citibank India announced earlier this year the launch of a fully integrated and certified mobile payment solution in India and across the Citigroup network, globally. The mobile payment solution, developed by Citi's partner Ezetap Mobile Solutions, allows for more than 320 million card customers in India to make payments through their debit and credit cards at the point of payment. The secured paperless transaction not only does away with managing charge slips but also combines the many benefits enjoyed by Citibank card customers, including instant redemption of reward points, accelerated rewards as well as the ability to opt for the popular EMI payment option while using this new payment alternative. Merchant partners using this device for customer payments and collections will be given real time information during the payment and collection process, providing an integrated, secured and efficient receivables payment solution.
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*article sourceS: http://www.telecomlead.com/mobile-vas/whats-ailing-mobile-commerce-in-india-16642/
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