Forrester trims India e-tail market estimate on note ban, regulatory woes

e-commerce_feUS-based market research company Forrester Research has cut the size of India’s online retail market by 36%, saying it will touch $48 billion by 2020. Last year, the firm estimated the sector to reach $75 billion by 2020. The retail market shrunk due to demonetisation, restrictions on e-commerce, slowdown in investments and fewer buyers, a […]

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Will abundant cash supply poop the m-wallet party?

Mobile-wallet_feWithout a doubt, digital wallets have been the biggest beneficiary of Prime Minister Narendra Modi’s November move to scrap high-value banknotes. The resultant cash crunch brought thousands of borderline and non-users into the ecosystem, something that would have otherwise taken a few quarters. Data on payment systems released by the Reserve Bank of India (RBI) […]

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Ads for content, digital health tools are in the works for 2017: 1mg’s Tandon

Prashant Tandon, Co-founder, 1mgGurgaon-based Bright Lifecare Pvt. Ltd, which owns and operates online drug marketplace 1mg, made two acquisitions last year: In December, it bought Mumbai-based online hospital MediAngels and in July, it diagnostics bookings platform Medd.in. With these acquisitions, 1mg widened its product offerings and expanded into new geographies. 1mg also raised Rs 100 crore ($15 million) […]

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Budget 2017: Govt could do more for startups earning less than Rs 1 crore

Anshuman-Verma_feIf I were in Mr Arun Jaitley’s place today, I would be looking out for Mr Arun Jaitley! He is good. So is our honourable Prime Minister, Mr Narendra Modi. I don’t have much doubt about the present government’s motives / steps toward energising startups in India. However, what I am not sure is whether […]

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Low entry barriers behind high mortality in consumer tech: FideliMent’s Bharat Banka

Bharat BankaService-enabling tech startups ruled the roost in 2016 with fin-tech, health-tech and ed-tech companies garnering the highest share of investments, despite a significant slowdown in deal making activity. The total number of startups that got funding this year fell more than a fourth (27.5%) from last year, while the total disclosed value of funding deals […]

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Flashback 2016: Paytm gets note ban boost but payments bank hits a bump

flashback-logo_feIf there is one man who is wholeheartedly welcoming Prime Minister Narendra Modi’s decision to scrap Rs 500 and Rs 1,000 banknotes, it’s Vijay Shekhar Sharma. The Paytm founder and CEO has turned out to be one of the biggest beneficiaries of the move as the cash crunch prompted people to increasingly use the digital […]

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PayPal in talks to buy into FreeCharge: Report

freecharge-by-shah-junaid-(19)_AGlobal online payments company PayPal Holdings, Inc. is in the final stages of a deal to invest in online wallet company FreeCharge, a media report said. PayPal could pick up a 25% stake in Snapdeal-owned FreeCharge for around $200 million, the Mint newspaper reported, citing two people aware of the development it didn’t name. The […]

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Paytm hits PayPal hurdle in trademark row

20161020_AK_Paytm-Head-Office-0232Mobile wallet and e-commerce firm One97 Communications Ltd’s bid to seek a trademark for Paytm has hit a hurdle with global online payments company PayPal Inc. challenging the Indian company’s move. PayPal has filed a notice with the Indian trademark office in which it opposed Paytm’s application for trademark rights and said that the homegrown […]

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Now make payments via Paytm sans the Internet

For-E-payments-Infra-2_ThinkstockPhotos-505770038Mobile wallet firm Paytm on Wednesday announced that users can pay and receive money as well as recharge mobile phones without an Internet connection. To enable offline transactions, the company has introduced a toll free number, where users can register their mobile numbers and set a four digit Paytm pin . “We are committed to […]

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Govt to incentivise district administration to boost cashless payments

For-Niti-Yog-Story_ThinkstockPhotos-512349742The government of India has introduced a series of measures to provide incentives to the district administration in order to boost cashless payments across districts, talukas, and panchayats. This comes at a time when there is a cash crunch after Prime Minister Narendra Modi abolished Rs 500 and Rs 1,000 notes in a bid to […]

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