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Is mobile wallet and payment industry headed towards consolidation?Taking into account the massive opportunity, the e-wallet industry in India is set to acquire share of more than $ 6.6 billion by 2020.- FreeCharge names former Amazon India executive Fareed Jawad as its Principal Product Architect"We look forward to Fareed’s contribution in strengthening our technical expertise and payments capabilities with his in-depth understandin...
- Freecharge appoints Fareed Jawad as VP-Payments & Principal Product ArchitectFareed most recently served as Principal Product Architect at Amazon India, where he was responsible for building the core payment processi...
- Flipkart acquires former executive's startup PhonePe for payments pushPhonePe will function as an independent business unit. The details of the transaction were not disclosed, but the deal is not cash transact...
- Amazon to offer sops to woo sellers; to provide complete backend support, plans to add cash on delivery modeThe online market place already provides an Easy Ship service whereby Amazon takes care of delivery from the seller's inventory when an ord...
- Digital payment businesses PayU, Mobikwik, Paytm & others set to boomMobile wallet firm One Mobikwik Systems announced a $25-million funding round, with Cisco Investments and American Express coming in as new...
- 10,000 employees did 12 hour shifts for Flipkart's 'Big Billion' saleTo accommodate that, we have increased our capacity and manpower well in advance by 50%,” said Mohit Tandon, co-founder Delhivery, of e-com...
- PayU makes digital payments possible with your Pan card details & bank account informationWithin 24 hours, the Naspers funded startup activates a personal payment gateway and charges 2% commission per collection. For small amount...
- Flipkart-Myntra deal makes financial sense for the investorsBringing together India’s largest online retailer and the country’s hippest fashion portal makes financial sense for the investors, and als...
- Startups' payment solutions making online buys easierTheir improved technology helps make the process faster and safer for shoppers.
- Flipkart hits $1 billion in sales, a year ahead of scheduleFlipkart has hit $1 billion in sales. This is a coming of age for Indian ecommerce as market leader hits target a year ahead of schedule.
- Flipkart to throw open its logistics arm 'eKart' to deliver packages of competitors"This is another page out of Amazon's book," said Ashish Jhalani, head of advisory firm eTailing India. In US, Amazon does deliveries for o...
- Flipkart sharpens focus on technology services for future growthThe growth we are staring at is huge. The organisation should have a strong foundation and needs strong people and leadership capabilities,...
- Flipkart's new service allows customers to store card details for online transactionsFlipkart's payment solutions subsidiary, Flipkart Payment Gateway Services, launched customer version of its payment gateway PayZippy.
- Snapdeal to launch own payment gatewayThe service aims to simplify online transactions for users and may also be licensed to other e-commerce companies.
- Flipkart opens up part of its technology code to deliver innovationFlipkart is inviting software coders to build new applications on its technology platforms in a move the company says is designed to create...
- Cash-on-delivery hurts bottom line of cos like Flipkart, Snapdeal due to extra associated costsThe additional processes required for cash-on-delivery, longer payment cycle, higher instances of returns & associated costs are hurting ma...
- We’re building highways for e-commerce: Sachin Bansal, CEO, FlipkartIn six years, Sachin Bansal, 32, along with IIT-Delhi batchmate Binny Bansal, has built what is arguably India’s best known online brand, F...
- With $160 mn fresh funding, Flipkart's $1.5-bn valuation comparable to P&G India, Tata Global BeveragesStarted as primarily an online book store in 2007 by two former Amazon India employees, Flipkart has till date raised $541 million (Rs 3,30...
- ET Awards 2012-13: How IIT-alumnus Sachin Bansal built Flipkart into a big online brandSachin has battled scepticism and regulatory constraints to build a company that expects to post sales of $1 bn, or over Rs 6,200 cr, by 20...
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