When it comes to Mobile Payment Wallets in India , who will
win ?
For the moment it looks as if Google’s Tez ( launched in Sept 2017 ) might win
this race
In less than 3
months since launch, its volume of transactions has totalled more than 140 million ( - more than 40
million per month – as compared to 8.2 million in Nov 2017 for
BHIM , which got launched in Dec 2016 ! )
Tez seems to be on trajectory to implement what I have been
recommending for last one year , viz:
Voice Activated Payment ( no need for any typing )
Google has already launched,
-
Google
Messenger / Google Action / Google Assistant / Google AI ,
- all of which can combine to enable a
buyer and a seller to
merely “ Speak “ to Tez .
No
typing ANYTHING ( Aadhar Number / Bank
Account Number / Password etc )
Everything cantered around Biometrics of
: Iris / Finger / Voice / Face Recognition
A unbeatably SECURE
and powerful combination of all !
Now, it is rumoured that WhatsApp is about to launch its own Mobile Payment App in India,
cantered around its popular Messaging
App , for which it has more than 200 million users in India
And apart from a VOICE
message , I believe you can “ talk “ to WhatsApp for sending a text message ! -
precisely what I have been suggesting
This will enable even illiterate , rural folks to be able to switch
over to Digital Payments
( most will have a 4G
phone , before long )
So , WhatsApp has a sporting chance to win the race !
Will BHIM
come up last , despite massive promotion by the government ?
It is stuck on
BHIM V 4.0 ( Bhim : theUnstoppable )
Reference Reading :
15 Dec 2017
www.hemenparekh.in
/ blogs
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