Articles with tag: india

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Google Pay introduces tap-to-pay option for SBI Card users in India

21 Sep 2020 | Mobile Payments

India-based credit card issuer SBI Card has announced a collaboration with Google to enable customers to use their cards on Google Pay platform.

NFC, India, tap-to-pay, SBI Card, Google Pay, mobile payments, Asia, APAC, NFC payments, contactless payments, credit cards, card, secure transaction, tap-and-ăay

Tencent invests USD 63 mln into Flipkart amid China row

18 Sep 2020 | Ecommerce

China-based technology conglomerate Tencent has invested nearly USD 63 million in Flipkart, according to regulatory filings of the holding company in Singapore.

Tencent, investment, Flipkart, Walmart, funding, foreign direct investment, FDI, PUBG Mobile Lite, WeChat Reading, WeChat Work, Tencent Weiyun, Alibaba Group, Paytm, Bigbasket, India

Titan launches new watches with NFC payments in India

18 Sep 2020 | Mobile Payments

India-based manufacturer Titan has launched a new series of watches that will have Titan Pay for contactless payments. 

Titan, Titan Pay, State Bank of India, India, ecommerce, online payments, NFC payments, Asia, APAC, POS machines, Near-Field Communication

Apple launches online store in India for the first time

18 Sep 2020 | Ecommerce

Apple has announced it will launch an online Apple Store in India on 23 September 2020, offering Apple’s full range of products to customers across the country for the first time.

Apple, launch, Apple Store, India, online store, contactless delivery, AppleCare+

Facebook offers USD 4.3 mln grant to SMEs across India

16 Sep 2020 | Payments General

Facebook has announced a grant of USD 4.3 mln for more than 3,000 small businesses across India.

Facebook India, funding, SMBs, COVID-19

Indian ecommerce deals site CashKaro gets USD 10 million Series B

15 Sep 2020 | Ecommerce

India-based cashback site CashKaro has announced expanding its range of services for ecommerce after raising USD 10 million in Series B funding.

CashKaro, cashback, funding round, ecommerce, India, Asia, APAC, EarnKaro, Korea Investment Partners, Kalaari Capital,

Zomato raises USD 160 mln from Tiger Global, Temasek

11 Sep 2020 | Ecommerce

India-based food delivery startup Zomato has raised USD 160 million from US hedge fund Tiger Global Management and a unit of Singapore’s Temasek Holdings.

Zomato, India, food delivery, funding, Tiger Global Management, Temasek Holdings, Info Edge, Swiggy, Amazon, initial public offering, IPO

Payments are taking a 'big digital leap forward' and there's no turning back

10 Sep 2020 | Ecommerce

Damien Perillat, SVP, Global Online at Ingenico Group, reveals key takeaways regarding the potential of the ‘high-growth markets’ and the ‘digital wakeup call’ that industries face during the COVID-19 pandemic

Damien Perillat, Ingenico, PayPal, COVID-19, consumer behaviour, cashless payment methods, ecommerce, staycation, merchants, cross-border payments, marketplaces, Russia, India, Brazil, China, alternative payment methods, digital payments, e-wallets, Buy Now Pay Later

ACI Worldwide to update payment switching system for State Bank of India

08 Sep 2020 | Online Payments

Real-time digital payments solution provider ACI Worldwide has modernised payments infrastructure for ATM and POS at State Bank of India.

State Bank of India, ACI Worldwide, retail payments, Visa, Mastercard, RuPay, cards, secure payments, ATM, POS, contactless payments, mobile payments, India, Asia, APAC,

FSS updates its Smart Recon platform with Machine Learning and cloud support

08 Sep 2020 | Payments General

FSS (Financial Software and Systems), a global payment products provider and processor, has introduced critical increments to its Smart Recon platform.

ATM Recon, Online Commerce, Wallets, Instant Payments, NEFT, RTGS, QR Code Payments, FSS, Financial Software and Systems, India

Google Pay launches NFC-based contactless payment option in India

31 Aug 2020 | Mobile Payments

Google Pay has rolled out a NFC-based contactless payment option in India, enabling users to add their card numbers for direct payment. 

Google Pay, NFC, contactless payments, card payments, India, card numbers, direct payment, Axis Visa cards, SBI Visa, credit cards, international cards, token, cardholder, Bharat QR, in-app, merchants

DSCI and PayPal launch report on Fraud & Risk Management in Digital Payments

28 Aug 2020 | Digital Identity, Security & Online Fraud

Data Security Council of India (DSCI) and PayPal India have released a study report on Fraud & Risk Management in Digital Payments.

Data Security Council of India, DSCI, PayPal India, PayPal, India, Asia, APAC, ecommerce, shopper, fraud management, risk management, securing transactions, artificial intelligence, machine learning, payments ecosystem

Indian ecommerce retail market expected to cross USD 100 bln by 2024

28 Aug 2020 | Ecommerce

A white paper published by A&M India and CII Institute of Logistics has estimated that the ecommerce retail space in the country with prompt growth by five times in the next five years.

A&M India, CII Institute of Logistics, India, Asia, APAC, ecommerce, study, marchants, US, China,

HSBC India rolls out Omni Collect to support businesses accepting payments

28 Aug 2020 | Payments General

HSBC India has introduced Omni Collect — a one-stop solution to provide multiple payment options on single platform.

HSBC India, payments, API, data wallet, businesses, product launch, Customer Reference number, Omni Collect

FSS, Airpay to onboard Indian MSMEs onto digital payments

27 Aug 2020 | Online Payments

India-based payments processing company FSS and omnichannel platform Airpay have announced a strategic collaboration to accelerate electronic payments acceptance by MSMEs. 

FSS, Airpay, financial services, omnichannel platform, digital payments, Asia, India, APAC, transaction processing, MSME, ATM, POS, ecommerce,

Apple to open an online store in India starting from September 2020

27 Aug 2020 | Ecommerce

Apple has reportedly planned to open an online store in India starting from September 2020.

Apple, launch, online store, India, ecommerce, Amazon, Walmart, Flipkart

FarEye raises USD 37.5 mln to expand its delivery logistics platform used by DHL, Amway

24 Aug 2020 | Ecommerce

FarEye, a logistics SaaS platform, has raised an additional USD 13 million as an extension to its Series D investment led by The Fundamentum Partnership, an India-based growth-capital fund.

FarEye, SaaS, technology platform, logistics platform, DHL, Amway, India

Tata Digital to roll out 'Super App' offering

24 Aug 2020 | Mobile Payments

Tata Digital has announced plans of launching an integrated ‘Super App’ that will combine the company’s consumer offerings on a single platform. 

Tata Digital, ‘Super App’, India, Reliance, Amazon, ecommerce, StarQuik, Croma

PhonePe to go public as a separate entity by 2023

24 Aug 2020 | Mobile Payments

Walmart-owned digital payments platform PhonePe has been reportedly working to go public by 2023 as a separate entity in the US or India, reporting a valuation of USD 7 to USD 10 billion.

PhonePe, Walmart, US, India, MDR, UPI, initial public offering, Google Pay, the National Payments Corporation of India, NPCI, recurring payments

Flipkart enables cross-border trade, teams up with Sastodeal

21 Aug 2020 | Ecommerce

India-based ecommerce giant Flipkart has entered into a strategic partnership with Nepal-based ecommerce company Sastodeal to enable cross-border trade opportunities for its sellers.

India, ecommerce, Flipkart, partnership, Nepal, Sastodeal, cross-border trade, sellers