Which mobile phone manufacturer company has recently launched the mobile payment service in India

2017

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Lenovo
B	LG
C	Nokia
D	Samsung

Explanation:

Detailed explanation-1: -On November 22, 2010, NPCI launched Immediate Payment Services (IMPS) to offer an instant, 24-hour×7, interbank electronic fund transfer service through mobile phones.

Detailed explanation-2: -UPI: Unified Payments Interface-Instant Mobile Payments.

Detailed explanation-3: -The first example of mobile payments came in 1997 when Coca Cola introduced a limited number of vending machines where the customer could make a mobile purchase. The customer would send a text to the vending machine to setup payment and the machine would then vend their product.

Detailed explanation-4: -In 1998, Elon Musk, Peter Thiel, Ken Howery and several other investors founded a company called PayPal. PayPal, considered to be one of the first companies to specialize in online payment systems, became a game-changer in the online payment environment.

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