Micromax to launch NFC mobile payments with TranServ and Visa

Handset maker Micromax will soon begin offering its customers in India an NFC mobile payment service through a collaboration with Visa and payment solutions provider TranServ. The three companies have signed a memorandum of understanding (MoU) to promote a “digital payment infrastructure” in the country which will begin with a roll out of TranServ’s Udio mobile payment app and the mVisa platform.