COILPAY: India market analysis

Abstract

CoilPay Technologies Inc. (Coil) is a fintech start-up aiming to disrupt the existing payment behavior by introducing a wearable contactless payments device that combines the features of a smartwatch with NFC technology to provide an end-to-end payment ecosystem. Coil currently operates in the Middle East and Europe having alliances with Abu Dhabi Bank and Bank of America. Coil is looking at India as a potential market to expand its operations.