In the wake of Indian regulators’ calls to ‘exchange views on Over the Top services’, Ravi Rajagopalan, CEO of MEF Member Empays Payment Systems and MEF Asia Board Director, argues that discussion must not lead to market intervention. Read more at the MEF Minute.
Empays is seeking $10m in first round of institutional funding to reach out directly to consumers in partnership with it banking partners, expand to Middle East, UK and North America, as well as expand the technology portfolio.
(Source: Economic Times)
Mrs. V. R. Iyer, Chairman & Managing Director, Bank of India, and Mrs. Vaijayanta Anand, Director of Nirman NGO attended the launch event.
At the event, Mrs. Iyer said: “We see this IMT facility as an opportunity to extend the services across bank’s branches, so that the IMT sent from the Beautiful account-holder of one bank, can be withdrawn from other bank ATM.”
Bank of India (BOI) joins the IMT payment system and allows card-less cash withdrawals.
empays Payment Systems Gets Indian Government Approval For Raising $4.47M In FDI.
Axis Bank and UAE Exchange team up to launch an innovative mobile money transfer service for NRIs, powered by IMT (Instant Money Transfer).
Ravi Rajagopalan looks behind the FMC (fixed mobile convergence) hype at