A new startup called Razorpay is hoping to surf the tidal wave of eCommerce projects rocketing through India these days by making it easier for startups and major players to add payments to their services package. Razorpay has a very “Stripe-like” approach to payments as it...
Indian eCommerce giant Flipkart is preparing to shift its business to an Alibaba-like marketplace model, unnamed Flipkart suppliers have told the Times of India’s Economic Times. That move would help untangle Flipkart’s messy business structure in advance of the company’s expected IPO on a U.S....
Alibaba is on the verge of making its first direct investment in India. The Chinese e-commerce giant is in talks to invest as much as $1 billion in online marketplace Snapdeal, Reuters reported on Wednesday (March 11). Snapdeal is already backed by Japan’s SoftBank and...
Alibaba has got its hands into another investment — and this time it’s putting $316 million into a startup that helps Taiwanese entrepreneurs get their business up and running, The Wall Street Journal reported. The Chinese e-commerce leader announced Monday (March 2) that it was banking the...
MasterCard has opened its largest Tech Hub outside of the U.S. in Pune, India, and plans to roll out its mobile payments system in April, the card brand said on Wednesday (Feb. 4). The new Tech Hub is built on ElectraCard Services, a Puna-based global...
TransferWise has snagged a big pile of investment dollars in a round led by one of the Facebook’s earliest backers, Andreessen Horowitz. The UK-based P2P money transfer startup and Facebook have reportedly been in talks that would see TransferWise provide remittance services for the social networking...
The Alibaba-backed Chinese group-discount website Meituan.com is now worth $7 billion after it received $700 million from unidentified investors, CEO Wang Xing told Bloomberg. The site’s transaction volumes hit $7.4 billion (46 billion yuan) last year, Xing said, and that number is expected to hit $16.1 billion (100...
India’s largest private-sector bank will now let its customers use Twitter for real-time fund transfers, the Times of India reported on Monday (Jan. 19). Mumbai-based ICICI Bank said it is the first bank in Asia and only the second in the world to offer a...
There’s plenty of differences between the mobile commerce market in the U.S. and the mobile ecosystem seen in China. Starting with the more than 520-plus million people estimated with smartphones in China versus the 160-plus million estimated in the U.S., numbers are the first major difference. But that’s not...
