MyTaxiIndia and Mastercard team up
Posted on: 05/Jan/2017 12:50:41 PM
MyTaxiIndia, MTI, has said it has partnered with Mastercard to facilitate quick mobile payments for customers through a secure quick response mobile payments solution.
Speaking about this, an official release from the office of a senior executive of the outstation taxi aggregator said, MTI`s move to integrate digital payments, Masterpass QR, with a global brand such as Mastercard seems to align well with their plans to strengthen their presence across Tier I and Tier II cities, besides expanding their business operations. We are also committed to ensuring easy and hassle free consumer experiences and we believe this partnership will be an apt step in that direction. This partnership will support the government`s vision of a less-cash society, while working to ensure maximum inclusion in digital adoption, the release said. With the number of total transactions using mobile payment gateways expected to hit 153 billion by financial year 2022, dependence on cash as a payment option seems to be declining as more and more people adopt mobile payments.
The executive said, The digital payment industry is fast transforming and continuously evolving in India. Our focus is to innovate new, safe and secure technologies that bring the benefits of electronic payments to even more merchants, banks and consumers. With Masterpass QR, we are advancing the use of cashless payment methods to limit the flow of cash in the economy and make decisive steps toward realising the dream of Digital India.
