Visa wins ‘Best Mobile Money Product’ Award at the 6th India Digital Awards
Visa wins ‘Best Mobile Money Product’ award under the Payments Category for their innovative product mVisa
Visa, the global leader in payments, has been awarded the ‘Best Mobile Money Product or Service’ under the Payments Category at the 6th India Digital Awards held in New Delhi on Wednesday, 10th February 2016. Visa was recognized for its innovative product mVisa – a new mobile payment solution which allows its customers to make electronic payments from their smartphones by simply scanning a QR code and an MPIN.
Commenting on the occasion, T.R. Ramachandran, Group Country Manager, India and South Asia, Visa, said, “mVisa was developed by Visa for markets like India that has high mobile penetration and we are extremely proud and honored to receive this recognition. Visa’s goal is to foster digital innovation and accelerate the development of innovative platforms and solutions that shape the future of commerce which is moving towards a digital world. Visa is at the forefront of this change, in line with the government’s vision of a cashless society, and committed to bring more such innovations to the market for the convenience and benefit of consumers. We are already working on building out newer use cases for mVisa such as payments over the USSD channel, Cash-in, Cash-out etc. to be able to cater to a broader set of consumers.”
The prestigious India Digital Awards recognize those organizations, teams and practitioners who have achieved landmarks to deliver business outcomes using digital technologies & techniques. The awards were part of the 10th India Digital Summit organised by The Internet & Mobile Association of India (IAMAI).
Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks - VisaNet - that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information visit www.visa.co.in