V-Cash to make mobile payments easy in India
02 July, 2007
category: Contactless, Financial
India’s E3India is researching and planning on releasing a new mobile-commerce product, V-Cash, to enable payments to vendors directly through cellphones. The platform works with the SIM card already in the phone. The company already has vending machines enabled for mobile payment, but those were operated using SMS text messaging.
After Mobile Operated Vending Machines E3India Pioneers to Launch V-Cash
The 1st Indian company E3India who launched vending machines in India, after Mobile Operated Vending Machines all set to launch another innovative technology V-Cash
RUSHING out of office after work, you remembers you had promised your son some chocolate and Pizza. You go to mobile phone-operated vending machine in your office complex, punches out some details on your cell-phone or in simple words sends SMS and The pepperoni-double-cheesw special pizza & a bar of `Dairy Milk’ appears.
For you, it was a very simple operation and you are able to keep your promise to your son but behind the ease of operation, a fair amount of technology and a lot of innovation has gone into the vending machine.
This India’s nextgen mobile-commerce tools, to help you pay the pizza company for the pepperoni-double-cheese special your child orders from home or buy a chocolate from a vending machine by just sending an SMS are being developed in a nondescript village on the outskirts of Vadodara in Gujarat by a E Cube India Solutions Limited, a Indian IT firm.
E Cube India Solutions Limited is the pioneer in Smart Card technology and vending machines in India. With comprehensive and integrated solutions, E Cube India develop, produce, market and support based on Smart Card technology. In a host of areas, it has have given the concept a fresh momentum and added innovative applications.
E Cube India is an embedded technology solutions provider, focusing on M-Commerce applications based on Smart Card and GSM Technologies.The Company is also engaged in providing M-Commerce Gateway with Mobile Communications Hub (McHub), Multi Transaction Processing System (MTPS) and Backend Connectivity.
The main asset of company is strong R & D focus to develop tailor made products using embedded technology to provide an integrated platform to a bank along with service provider card companies and mobile operators.
In India, people have had an aversion to coin-gobbling AVM’s. Food & Beverages supplies in India have been locking for reliable and cost effective vending machines. E Cube India is the only technology based company in India that is in a position to supply indigenously manufactured, large-sized AMV’s that can be operated with Smart Card or Mobile Phones.
The MOVM is a vending machine that can be operated using SMS.
Mobile interface helps in solving the problems of cash as it allows the user to purchase product from the machine without worrying about change and currency.
It is also a wonderful and unique user experience. It makes a user feel that he is carrying very powerful tool ( the cell-phone ), which he can now use to make purchases. It brings him face to face with M-Commerce.
The vending machines from E Cube India are already a hit is evident from E Cube’s client list, and most importantly it includes clients from all sectors of market. — Cadbury’s, Coca-Cola, PepsiCo, Indian Oil Corporation Limited, Indian Institute of Management ( IIM ), United Breweries Limited, Unity Hospital, L& T to name few. and it also includes firms Australia and Europe.
And up next is a mobile-commerce product, V-Cash, to enable payments to vendors directly through cellphones — all you’ll need to do is top up your SIM card. Earlier it was costly but now it is available at half price, as demand picks up it will further go down — and that will happen with the boom in retail and mobile telephony.
More information about MOVM and V-Cash is available on e3india.com.
We E Cube India Solutions Limited are the pioneer in Smart Card technology and vending machines in India.
With comprehensive and integrated solutions, E Cube India develops, produce, market and support based on Smart Card technology $ is technology solutions provider, focusing on M-Commerce applications based on Smart Card and GSM technologies. E Cube India provides M-Commerce Gateway with Mobile Communications Hub (McHub), Multi Transaction Processing System (MTPS) and Backend Connectivity.
