mVisa, the mobile solution from Visa, will now support payments to over 1,000 TabCab taxis powered by Ongo. This is the first time that mVisa has been extended to a new category (taxi) after success with merchants like TataSky, Idea, Pizza Hut and others. Using mVisa, customers will be able to pay their fare through their respective bank’s mobile banking app by scanning the driver’s QR code displayed as a badge or a sticker in the taxi. The driver will receive a payment notification either through an SMS or on the Ongo app (for smartphone users). The service is currently available on the following apps – Axis Bank Mobile Banking App, Bank of Baroda M CLIP App, Bank of India mVisa App, HDFC Bank PayZapp, Pockets by ICICI Bank, State Bank Anywhere App and Udio Payments App. Powered by India Transact Services Limited, a fully owned subsidiary of AGS Transact Technologies, the Ongo app was launched in September 2015 to enable mobile based P2M (Person to Merchant) transactions for autorickshaws and taxis in Mumbai. With the introduction of mVisa, Ongo enabled taxi drivers will now be able to receive cashless payments.
