Google teams with OT to launch Android Pay in Australia
Oberthur Technologies (OT), a leading global provider of embedded security software products, services and solutions, today announced its support to the international go-to-market of Android Pay with a first launch in Australia scheduled for 2016.
Android Pay will allow end-users to make contactless payments with all NFC-enabled Android devices (running KitKat 4.4+). With its Digital Enablement Platform, OT will support Financial Institutions in offering their customers this new service by enrolling their payment cards into Android Pay.
OT’s Digital Enablement Platform is a comprehensive solution which supports enrollment, mobile provisioning and token lifecycle management in digital wallets, irrespective of the underlying technologies and related security, either hardware or software-based secure elements.
Together, OT and Android Pay will offer Financial Institutions a one-stop-shop platform to enable and operate the service.
"Mobile payments is a big priority for Google and we're working to support a wide range of issuers to make Android Pay available to everyone," says Pali Bhat, Senior Director, Product Management, Google, "OT's integration takes us one step further in this direction".
“We are very proud to work with Google on the deployment of Android Pay, in particular in Australia which is one of the most advanced contactless markets and therefore of strategic importance for OT’s digital payments activities. We are convinced that our technology assets and international experience in the field of digital security and mobile issuance will help accelerate the availability of Android Pay to end-users.” said Marek Juda, Managing Director of OT’s Connected Device Makers business.
Timeline: India takes unicorn leap with six in five days
We chart an historic week in India’s tech industry, where in just five days, between 5-9 April 2021, the country achieved six new unicorns, bringing India’s total to 10 in 2021 to date, an immense unicorn leap from just seven in 2020 and six in 2019.
April 5: Meesho
India’s first social commerce unicorn, Meesho raised US$300m from SoftBank, Facebook and Shunwei Capital, giving the Bangalore-based startup a US$2.1bn valuation, a threefold jump from its previous funding round in 2019. Founded in 2015 by two IIT-Delhi graduates, Meesho connects producers and resellers, helping small businesses sell through social media. It has 45m customers and has enabled 13m entrepreneurs to start their online businesses with no investment.
April 6: CRED
Founded just over two years ago, Bangalore-based credit card repayment app CRED raised US$215m from Falcon Edge Capital and Coatue, nearly trebling its valuation to US$2.2bn from its January US$80m round. Allowing customers to pay off their credit card debt while earning CRED coins which they cash in for rewards, CRED has grown rapidly during COVID-19, doubling its customer base to nearly 6 million in a year.
April 7: API Holdings / Groww
The first epharmacy startup to gain unicorn status, PharmEasy (API Holdings), which has digitised 60,000 brick and mortar pharmacies and 400 doctors across India, raised US$350m in a round led by Prosus Ventures. Founded by four former Flipkart employees as a way of making investing simple, investment platform Groww became India’s second-youngest fintech unicorn, raising US$83m in Series D funding led by Tiger Global, quadrupling its previous round in September.
April 8: ShareChat
New Delhi-grown social media startup ShareChat, founded in 2016 by Mohalla Tech raised US$502m from Lightspeed Ventures, Tiger Global, Twitter and Snap taking its raised total over six rounds to US$766m and pushing its valuation to US$2.1bn. The funding will be used to grow its user base and short video platform Moj, which launched in 2020 following TikTok’s ban in India. The regional language startup claims 280m users.
April 9: Gupshup
AI-led conversational message startup joined the unicorn club after raising US$100m from Tiger Global giving it a ten-fold valuation of US$1.4bn. The smart messaging platform, which has seen accelerated growth during the pandemic, was founded in Bangalore in 2005 by serial entrepreneur Beerud Sheth, whose online freelancing platform Elance is now listed. Gupshup’s API enables 100,000+ businesses to build messaging and conversation experiences across 30+ communication channels.