Andriod phone maker Samsung finally launched its digital payment application “Samsung Pay” in India on Wednesday. This is to meet the needs of Indians as they tend to shift slowly to various online payments mode after the demonetization act hit India.
Samsung had granted access to its select users and also tAndriod phone maker Samsung finally launched its digital payment application “Samsung Pay” in India on Wednesday. This is to meet the needs of Indians as they tend to shift slowlyhe users of their Galaxy Note 5, Galaxy S7, Galaxy S7 Edge, Galaxy A5, Galaxy A7 and Galaxy S6 Edge+ can register to get early access.
Watch the video here:
Senior Vice President of Samsung India Electronics Pvt.,Ltd., Asim Warsi spoke about Samsung’s latest app and how the Indian unit worked almost for a year to customize Samsung Pay for the Indian market which also includes transactions through debit cards and mobile wallets for the first time.
Account holders of Axis Bank, HDFC, ICICI, SBI, and Standard Chartered Banks can avail this service of Samsung Pay. American Express and Citibank will be soon added to this list.
It is both NFC (Near Field Communication) as well as MST ( Magnetic Secure Transmission) compatible. Therefore, it works with any card swiping or reading machine, where the card in the phone just needs to be waved over the terminal.
How to get access to this?
A user must link their bank account and card to the Samsung Pay app on any of the above said Samsung smartphones. After it is done, payments can be made by firing up the app on the phone and bringing the smartphone close to the NFC- enabled point-of-sale (POS) machine. Once the vendor has entered the amount to be payable on the POS machine, this payment will be authenticated through the user’s fingerprint or a 4-digit PIN entered on the Samsung Pay app.
However, a lot of Samsung’s low end phones will not be compatible with the app.
Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.
Specifications and Features
The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.
Design and Competition
Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.
Future Plans
In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.
MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.
MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.
As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.
This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service
Nazara Technologies has sold its entire 71.54% stake in Sports Unity Private Limited, the company behind the multiplayer quiz game ‘Qunami’, for INR 7.15 lakh. This divestment, effective March 25, 2025, signifies a strategic shift for Nazara, which had previously acquired a controlling interest in Sports Unity in 2019 for INR 7.5 crore.
The decision to offload the stake comes as Sports Unity has faced financial difficulties, reporting no active business operations and a negative net worth of INR 0.45 crore at the end of FY24. This move aligns with Nazara’s broader strategy to streamline its operations and concentrate on more profitable ventures within the gaming sector.
This sale follows Nazara’s recent divestment of a 94.85% stake in another subsidiary, Open Play, to Moonshine Technologies for INR 104.33 crore. Despite reporting record quarterly revenue of INR 544.7 crore in Q3 FY25, Nazara experienced a 53.5% decline in net profit year-over-year.
Nazara continues to focus on enhancing its portfolio through strategic acquisitions and investments in high-potential gaming platforms while navigating the competitive landscape of the gaming industry.