CMSPI STATE OF THE INDUSTRY REPORT
Timeline
2.3 DIGITAL WALLET
Coca Cola launched vending machine purchases via mobile phone text message 229
1997
1998
PayPal founded 230
2002
• PayPal acquired by eBay • PayPal IPOs
2003
Alipay launches in China
2007
• M-Pesa launches in Kenya • Amazon launches Amazon Pay
2009
• Venmo founded • Square founded
• Square launches Square Cash (later Cash App) • WeChat Pay launches • Google Launches Google Wallet • WeChat launched by Tencent • Square launches Square Wallet
2011
2013
• Paytm Wallet launches in India 231 • Starbucks launches in-App payment feature 232 • Square deprecates Square Wallet • Venmo acquired by PayPal • Apple Pay launches • Google launches Android Pay • Samsung Pay launches • PayPal and eBay decide to part ways • Square IPOs • Unified Payments Interface (UPI) launches in India 233 • BLIK mobile payments founded in Poland • Samsung Pay launches in South Korea and US 234
2014
2015
State-owned Bharat Interface for Money (BHIM) mobile app launched in India 235
2016
92
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