The United States government is raising concerns about India’s eCommerce regulations that go into effect on Feb. 1, which will prevent companies from selling products through companies in which they have a stake. The rule also prevents them from inking exclusive deals with sellers. According...
While Amazon and Walmart are competing for eCommerce dominance in India, they might be overlooking a key rival in the country: Mukesh Ambani, the country’s richest man. With India expected to be a $1 trillion digital economy by 2025, online retailers all want a piece...
Facebook-owned WhatsApp is still working towards approval from the Indian government to officially launch its payment service across the country. In February, WhatsApp launched a payments feature in India that now has around one million users. The app is in the process of fixing any issues...
In late 2016, India’s government surprised the world with a decision to push the race for payment digitization from a marathon to a sprint, by deciding to scrap nearly 85 percent of the nation’s physical currency reserves almost overnight. The move was highly controversial –...
September 01, 2022
The Indian government will support free electronic transactions under Bharat Bill Pay Systems (BBPS), and could end up cracking down on companies charging fees, Economic Times of India reported. An unnamed official told Economic Times that the government will keep the unified payments interface as a free service, with no charge. The BBPS offers a […]
January 24, 2019
The United States government is raising concerns about India’s eCommerce regulations that go into effect on Feb. 1, which will prevent companies from selling products through companies in which they...
August 17, 2018
While Amazon and Walmart are competing for eCommerce dominance in India, they might be overlooking a key rival in the country: Mukesh Ambani, the country’s richest man. With India expected...
July 30, 2018
Facebook-owned WhatsApp is still working towards approval from the Indian government to officially launch its payment service across the country. In February, WhatsApp launched a payments feature in India that...
