Homepage / Asia / Messaging unicorn Hike moves into payments, learning from Tencent
Menyelami Dunia Slot Thailand: Keseruan dan Peluang Kemenangan Besar Menyelami Dunia Slot Thailand: Pengalaman Bermain yang Tak Terlupakan เว็บพนัน ออนไลน์ จับกลางกรุง! บุกทลายฐานเว็บพนันชาวไต้หวันรายใหญ่ เงินหมุนเวียน 500 ล้าน ปี Panduan Lengkap Bermain Slot Online: Strategi & Tips Terbaik Deneme Bonusu ile Ücretsiz Oyun Oynayın Boy Names: Top 1,000 Baby Boy Names in the U S. for 2024 List of most popular given names Wikipedia Mobile Gaming in the UK: Trends, Regulations, and Future Leads Start dating hot moms today – it’s easier than you think Define generative ai 14 Define generative ai 14 How to find the right online gay dating website for you Home Superclones watches Exploring Super Clone Watches: Quality, Accuracy, and Affordability Join the most effective bbw milf dating site today En İyi Bahis Siteleri İçin Seçim Yaparken Nelere Dikkat Edilmeli? At this point, and yet very near | Life and magnificence | Trusted Casino Hellspin Review Leading Online Casino Hellspin Evaluation Mostbet App: Download Mostbet apk for Android & iOS 2024 Ігрові Автомати з Виводом Грошей на Карту ️ Онлайн Ігри на Гривні в Українікращі азартні ігри на гроші з виводом на карту2024-01-08 Taya365 online casino login Tips for conference and dating other bisexual men How to get the right bi partner Exploring the Prospering World of Online Casinos in the UK Meet hot singles and luxuriate in flirty chatting Bahis Siteleri: En İyi Bonuslar ve Promosyonlar Situs Slot Hari Ini Terbaik dan Terpercaya Tahun Ini, Gampang Menang Güvenilir Bonus Veren Siteler ve Detaylı İncelemeler Güncel Giriş, Güvenilir Adres VOX Casino: VOXCasino Promo Code 2025 Get to learn other old gay men inside area Slot Min Depo 10K Terbaik dan Paling Direkomendasi Tahun Ini: Gampang Menang! Scatter Hitam Terbaik dan Paling Direkomendasi Tahun Ini: Gampang Menang! Top 10 Online Casinos in Deutschland Januar 2025 Get ready to unleash your wildest fantasies Ücretsiz Oyun Deneyimi: Deneme Bonuslarıyla Risk Almadan Kazan Bonuslarla Bahis Keyfini Katlamanın Yöntemleri 2025’te Bahis Oynayarak Kazanç Sağlamanın Yolları Freespin Veren Casino Siteleri ile Daha Fazla Eğlenin Casino Sitelerinde En İyi Bonuslar Nerede? The Ultimate Guide to Free Spins BC.Game Mirror – Discover All Current Mirrors Find regional women seeking intimate encounters Elitecasino’a Katýlým saðlayarak, Hýzla 800 TL Bonus Ýmkaný Kazanýn! Baccarat Tips: Exactly How to Enhance Your Game and Boost Your Chances of Winning Find your perfect gay sex dating site Exploring 7slots in Turkey: A Comprehensive Overview Şartsız Deneme Bonusu Veren Sitelerin Listesi The Power of Tarot Online Free Finest Gambling Enterprises that Approve Bitcoin: The Future of Online Betting MostBet: Kumarhane Eðlencesiyle Dolu Eðlencenin Tadýný Çýkarmak MostBet: Kumarhane Oyunlarýyla Zengin Yeni Nesil Eðlence Deneyimi Understanding Clairvoyant Readings: A Comprehensive Overview Online Online Casinos That Accept PayPal: A Convenient and Secure Payment Choice Сайт казино Pin Up Tips for conference and connecting with seniors whom are interested in dating Spin Casino Review 2025 » Free Spins & Bonus Codes Trusted Casino Games For All Players Best Gay Hookup Websites | FreeHookupsSites The Ultimate Guide to Psychic Analysis Enjoy exciting and safe online dating experiences Relax Your Mind: the way to get the Inside Voices through your Head Find love regarding most readily useful mature dating site usa The Power of Clairvoyant Analyses Uncover the Advantages of Playing at Masalbet Casino Virtual Casino Fairgo Review Wireclub: Program For Internet Dating | Assessment 2023 Discover the many benefits of dating a korean girl and luxuriate in enduring love How discover a couple for woman that fits your needs anabolizantes legales 33 SpinBetter Freispiele⁚ Ein detaillierter Überblick (Stand⁚ 26.01.2025) Стиль и Защита: Чехлы на Телефон и Планшет от Womux com NikaDate.com 2025: Trick Insights Before You Sign up with Elderly Sizzle: Come Across Great Hookups Over 40? | 1win APP: Descargar, Juegos, Casino, APK Chile cl 1win Punjab FC create history with historic 2-1 win against Everton FC SofiaDate Evaluation 2025: Is This Website Worth The Buzz And Cash? bets10’in Kazançlý Slot Oyunlarý Nv Casino: Przewodnik po Świecie Gier Hazardowych Casino Wazamba Online Summary Discover the best local hookup internet sites for meeting wives Leading Gay Dating Apps: My Personal Collection test Télécharger 1win Sénégal apk 1win Sénégal inscription anabolizantes comprar online 9 popochka Hesap Açma Promosyonu Veren Siteler Xslot Kumar ve Güven Merkezi Get the absolute most out of your ebony bbw site source ¿Newest Home loan Re-finance Prices Leading Online Casino Rocketplay Evaluation Find the right partner on nymphomaniac dating website what exactly are local sex websites and exactly how can they assist you to? casino 643 Online Casino 7slots Grandpashabet 2217 Güncel Giriş Adresi Grandpashabet2217 com 5804 grandpashabet güncel Trezor Suite Official Desktop && Web Crypto Ledger Live App: Buy, Sell, Stake and Swap Crypto Hardware Wallet & Crypto Wallet Security for Crypto Shared: The 7 Things Men Want from Females

Asia

Messaging unicorn Hike moves into payments, learning from Tencent

India’s home-grown instant messaging service Hike on Tuesday announced wide-ranging updates to its app, including a new mobile wallet that lets users send and receive money instantly.

The Hike Wallet has several features, including a linkage to the government-backed unified payments interface that allows free and instant bank-to-bank money transfer, even if the recipient does not use the Hike app.

UPI is a system that was developed by the National Payments Corporation of India which allows a single mobile application to access different bank accounts in a safe and secure environment.

Users can also use the Hike wallet to recharge prepaid phones and pay postpaid bills from within the app.

Additionally, Hike is introducing Blue Packets, which are personalized digital envelopes that can be used to send monetary gifts for various occasions — the money will be transferred to the recipient’s Hike wallet.

“It’s one step further in our vision to make Hike a messaging platform that will change the way people interact with content and services,” Kavin Bharti Mittal, founder and CEO of Hike Messenger, told CNBC about the new features.

Mittal is the son of Sunil Mittal, founder and chairman of Bharti Enterprise, which owns one of India’s largest telecommunication networks, Bharti Airtel.

The concept of a Blue Packet is very similar to WeChat’s electronic red packets, which represent the traditional practice of giving red packets filled with cash during Lunar New Year.

Users can put money into these electronic packets, personalize it with a message and send it to their friends or family for various occasions such as birthdays, anniversaries or just to thank them. To make it more entertaining, users have the option to send a select number of packets to a group chat, which would work on a first come, first served basis, with the packets expiring in 24 hours.

“We believe money can be the latest form of expression,” Mittal said. He also acknowledged some of the new payment features were inspired by WeChat’s parent company Tencent, which led a $175 million funding round in Hike last year along with Foxconn, that valued the company at $1.4 billion. Tencent also owns the other hugely popular messaging service in China — QQ.

“Some of the features we talked about in payments today have been inspired by Tencent and China. No doubt about that,” said Mittal. “We talk to them very often, we visited their offices multiple times to get a sense of what’s happened in the last six to seven years in China.”

He added, “It’s a very important thing because we still believe India’s about four to five years behind China.”

India is an attractive test bed for many technology companies because of its demographics: It has a young and growing population, and many people are connecting to the Internet for the first time — usually through a smartphone.

Local media reported that research from Internet and Mobile Association of India and IMRB International found the number of Internet users in the country is expected to reach 450 million to 465 million by June, registering a 4 to 8 percent jump from December 2016. The report indicated internet penetration is currently around 31 percent.

The smartphone market is also growing at a much quicker pace than the global average and, according to the June Ericsson Mobility Report, India added about 43 million mobile subscriptions in the first quarter of 2017. The report attributed the strong subscription growth in India to an attractive offer of free voice and data services by one of the local telco operators.

This provides scalability: Hike, for example, was founded in 2012, but has already amassed more than 100 million registered users, which is nearly a tenth of India’s population. Mittal said the average user spends about 24 minutes a day on Hike, but he declined to disclose Hike’s number of monthly active users.

The market’s lucrative prospects mean competition is stiff. Facebook-owned WhatsApp and Messenger are two of the most-downloaded non-gaming apps on Google’s Play Store, according to data compiled by U.S. venture capital firm Kleiner Perkins Caufield Byers. Earlier this year, WhatsApp announced it hit 200 million monthly active users in India.

Mittal, however, pointed out the big market size in India leaves room for more than one instant messaging service: “We’ve seen globally that we have multiple messaging apps that are very big in multiple countries like China, Japan — even the U.S. and Europe.”

“For us to win, other messengers don’t have to lose,” he said.

Source: cnbc china
Messaging unicorn Hike moves into payments, learning from Tencent

Comments are closed.