Alibaba and Ant Financial — the eCommerce firm’s financial services affiliate — have moved to make a second big buy into Paytm, an India-based mobile payments and eCommerce firm. This follows an undisclosed investment by Alibaba and Ant in Paytm earlier this year — funding...
Mobile payments are getting a boost in India — care of Visa. At the opening of its newest technology development center in Bangalore earlier today, the global card network announced the launch of mVisa — a new mobile payments service that will be tested over the...
PayPal and Uber have been partnered on payments since 2013 — and that partnership is about expand. Uber is available in 300 cities, and soon riders in Canada, Greece, Hong Kong, Israel, Mexico, New Zealand, Singapore, Sweden and Switzerland can use PayPal to pay for their...
MasterCard announced yesterday (June 18) the appointment of two Co-Presidents of two new sub-regions, which include the region’s biggest markets – China and India. Ling Hai and Ari Sarker are Co-Presidents of the Asia-Pacific region. Ling Hai will be focused on North East Asia and Australasia...
RuPpay, India’s largest domestic payment network, will rollout its own credit cards by 2016, The Economic Times reports. This is good news for the majority of Indian merchants who still have to wait for their payments to be brought back to them by deliverymen. But...
Indian mobile payments processor Paytm has passed 50 million mobile wallets and expects to hit 100 million this year, LiveMint.com reported on Monday (April 13). About 16 million of those wallets are actually used in any month, with the average user spending through it four...
Chinese smartphone maker Xiaomi is expanding its sales channels in India beyond Flipkart to include Snapdeal and Amazon India, along with Indian brick-and-mortar retailers for the first time, TechCrunch reported on Tuesday (April 7). According to a series of tweets by Xiaomi executives, starting this...
Indian B2B marketplace IndiaMART believes its six-month-old Tolexo arm could pass $1 billion in gross merchandise value by 2017 and hit $10 billion in transactions by 2020, according to DNA India. That would happen if IndiaMART — which matches up B2B buyers and sellers but...
After rolling out its quick-delivery Prime Now service to Manhattan, Brooklyn, Baltimore, Miami and Dallas, Amazon has now launched something remarkably similar in a less-expected place: Bangalore, India. Like its U.S. cousins, the eCommerce giant’s new Indian delivery service pilot — dubbed Kirana Now after...
