US e-commerce company Amazon has been granted a wallet license as it steps up its effort to boost its business in India. The electronic and cloud computing colossus has sought the license in order to ensure customers paying experience using Amazon’s platform in India will experience less friction. The multinational corporation headquartered in Seattle was awarded the license in March, but only officially announced it this week.
Facebook-owned WhatsApp will soon reportedly offer digital payment services in India which will be its first offering globally. WhatsApp founder, Brian Acton, first mentioned the idea to local media in February that the app was in the early stages of investigating digital payments in India. The company is looking a digital transactions lead in the country.
Chinese multinational conglomerate Huawei has identified video as a new opportunity for mobile operators to monetize their services. The Chinese smartphone maker believes that video represents a new cash cow for operators with the entertainment market opportunity estimated at $650m worldwide by 2020. President of Huawei’s products and solutions, Ryan Ding, maintained that operators in various markets are already making the move to monetize video services, such as high-definition streaming of sport events.
Indian Mobile services provider Mahindra Comviva has outlined its vision for 2017 – and the benefits of its recently launched payment solution that is set to ‘digitalize’ rural India. The company supports the government’s strategic vision and initiative called ‘Digital India’ which aims to get vast parts of the Indian population digitized. Mahindra Comviva has recently launched an application specifically designed for consumers based in rural parts of India where internet penetration is extremely low. At Mobile World Congress, Telecom Review spoke to Mahindra Comviva’s Vice President, of its Mobile Financial Solutions, Vamsi Madhav, to explore what impact the application will have on rural regions in India and find out the complex challenges facing the organization in its attempts to ensure the innovative project is a successful one.
Indian telecoms giant Reliance Jio has “fully withdrawn” its Jio Summer Surprise Offer upon advice from the Telecom Regulatory Authority of India (TRAI). Vodafone claimed in a letter to the regulator that Reliance Jio was “luring customers” to subscribe and was breaking regulatory norms.
Telcotech, a subsidiary of EZECOM, and partners - Malaysia Telekom, Malaysia Berhad and Symphony Communication of Thailand - celebrated the momentous launch of the Malaysia-Cambodia-Thailand (MCT) Submarine Cable System and Landing Station in Cambodia. Huawei Marine, a global submarine network solution provider, was contracted to design and deploy the system.
Chinese smartphone giant and telecoms equipment maker Huawei has formally announced its intentions to become a global provider of public cloud services. The company aims to compete with Amazon and Alibaba in order to become a global leader in the sector. Huawei confirmed that it plans to recruit more than 2,000 employees that will form its new cloud computing division.
Telecom Review secured an exclusive interview with ZTE Director of Wireless Innovation Solutions, Summer Chen, in order to find out where the company stood in relation to implementing 5G technologies and establish what projects it's currently working on to ensure the transition from 4G to 5G.
Virgin Australia has announced a partnership with leading in-flight connectivity provider Gogo and Australia’s leading satellite provider Optus to provide customers with in-flight Wi-Fi on domestic and international services.
Chinese internet colossus Alibaba Group is getting ready to challenge Amazon in the Indian market following an investment of $177m into an e-commerce platform in the country. Its stake in India's Paytm e-commerce grants it control over the newly launched Paytm Mall site and application. It's just the latest in a series of investments by Jack Ma's Alibaba as they continue to expand operations globally.