Walmart’s India-based eCommerce marketplace and payments company aren’t quite ready to go public. “This is something we’re looking at over the next couple of years,” Walmart’s executive vice president for corporate affairs, Dan Bartlett, told Reuters last week in reference to the company’s marketplace Flipkart...
Google plans to invest in Indian digital commerce company Flipkart. The move will make Google a minority investor in Flipkart’s latest funding round, which is led by Walmart, Flipkart said in a Friday (May 24) press release. The proposed investment is subject to regulatory and other customary approvals, according...
Indian eCommerce marketplace Flipkart has launched a Unified Payments Interface (UPI) handle to enhance its digital payment offerings by adding India’s popular instant payments system. The new Flipkart UPI allows users to set up their own UPI handle for transactions, both online and offline, and both within and outside...
Amazon is working on a new eCommerce site to reach Indian shoppers, dubbing it a “special store.” The eCommerce giant said it would not levy any “extra charges” to sellers on the fashion and lifestyle products platform, called Bazaar, according to a Wednesday (Feb. 21)...
February 10, 2020
The jousting over eCommerce taxes — especially for U.S. firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), […]
August 23, 2019
Alt lending, and, of course, digital payments, were top of mind for investors targeting India FinTechs these past few weeks. We take stock of two quarters and the YTD —...
June 07, 2019
While it might not look like much at first glance, an escalating legal spat between Walmart-owned, Indian eCommerce marketplace Flipkart and a small, relatively unknown New Delhi wearables maker might...
September 03, 2018
Cash continues to command the loyalties of consumers in India. However, as demonstrated this summer, the country is not only embracing digital payments, but increasingly attracting competition from some of...
June 26, 2024
Walmart-owned Indian eCommerce firm Flipkart has launched a Unified Payments Interface (UPI) payment app that offers up to 5% cashback on purchases. The new super.money app is available on the Google Play store. “Unlike other UPI apps, we’ll never offer you useless coupons, scratch cards or coins,” the company said in the store. “Instead, get used to […]
June 09, 2024
Walmart’s India-based eCommerce marketplace and payments company aren’t quite ready to go public. “This is something we’re looking at over the next couple of years,” Walmart’s executive vice president for...
May 24, 2024
Google plans to invest in Indian digital commerce company Flipkart. The move will make Google a minority investor in Flipkart’s latest funding round, which is led by Walmart, Flipkart said in a Friday (May...
March 04, 2024
Indian eCommerce marketplace Flipkart has launched a Unified Payments Interface (UPI) handle to enhance its digital payment offerings by adding India’s popular instant payments system. The new Flipkart UPI allows users to set up...
