Gemal to launch its first payment app in India in March 2019, as the company looks to tap into the growing mobile payments market.
The company has been working on its own mobile payment app for more than a year, but this is the first time it has launched its own product in the country.
The company plans to launch the mobile app in three to five months, with the price to be set in April 2019.
The GemalTO app, which will be available for iPhone, Android and BlackBerry devices, will allow customers to make payments on a variety of popular payment platforms.
Gemal is also looking at introducing other payment services, including a “virtual grocery store,” which will allow consumers to buy groceries from a nearby store using their mobile phone.
According to Gemal, the mobile payment platform will enable users to make multiple payments at once and will also allow merchants to accept payments on their own account, and it will enable merchants to manage their own transaction details.
GemalTO will be the first in the world to have an app for payments.
The payment service will offer merchants in the mobile market access to payment infrastructure and services from the world’s leading payment companies, including Apple Pay, Amazon Pay, Visa, MasterCard and PayPal.
GemaTO will allow merchants the opportunity to make transactions through a mobile wallet, allowing them to set up their own wallet for transactions on a single account, without the need to open multiple accounts.
The Gemal wallet will allow a customer to pay for purchases in a number of different currencies, including the local currency of the country in which they live, with a minimum of 10 cents per transaction.
The mobile payment service is a first for Gemal and is the company’s first foray into the Indian market.
“The Indian market is the biggest in the developing world.
With over 2 billion people, India is the second largest in the global smartphone market behind China.
In 2019, India’s mobile payment market is expected to reach $100 billion, and the total number of payment transactions is expected reach $150 billion in 2019,” said Gemal CEO, Anurag Sharma.
“We are looking at a lot of different applications that will help our customers in the Indian ecosystem.”
The company plans on partnering with more payment service providers in the future.
“By bringing our mobile payment experience to the Indian mobile wallet market, we will be able to deliver the best experience for our customers,” Sharma said.
