Micromax aims for next level with mobile wallet Udio

Zee Media Bureau

New Delhi: India's largest home bred mobile handset maker Micromax is aiming for the next level with its mobile wallet Udio on which it estimates to reach 15 million customers doing cashless transactions this year alone.

Micromax plans to launch phones with the in-built wallet by this month end. The mobile makers understands that digital payments and services can help it to differentiate from its peers in a big way.

The company has signed a three-way pact with Visa for mobile payment facility using

India's No. 2 brand has signed a three-way pact with digital payment provider Visa for enabling mobile payments using QR code scans and a PIN at retail stores across the nation.

The Mumbai-based payment technology platform provider TranServ, will provide the mobile wallet.