Ecommerce losses to exceed $48 billion globally in 2023 due to online payment fraud
The report recommends that BNPL vendors conduct robust identity verification at the point of onboarding to mitigate these risks.
digital payments
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CCI nod to PayU’s $4.7 billion acquisition of BillDesk
The deal is touted to be the second largest internet deal after the acquisition of Flipkart by the U.S. retail behemoth Walmart Inc.
Indian agri-tech saw ₹6,600 crore PE funding in 4 years
India's rural ecosystem has evolved significantly with multiple enablers priming this space for future growth.
UPI surges; now 51% of digital transactions in India
Financial inclusion: Kerala tops the list with a score of 90.9; Bihar ranks at the bottom with 38.5.
“Ensured our platform was the fastest even on a slow network”
“Core is to make it easy for consumers to use the platform. We made the onboarding process for companies fairly easy. It was completely digital.”
“We chose not to play the cashback game”
“Cashback is great to turbocharge early. We played it for a year, but structurally it did nothing for us. We found that if people want to pay a bill and if they liked the experience, they will come.”
BharatPe targets to build $1 billion loan book
Lending will be the only business of BharatPe, say founders Ashneer Grover and Shashvat Nakrani.
Why BharatPe offered payments free of charge?
Ashneer Grover, co-founder, BharatPe says merchants had initial disbelief about the free transaction gateway.
The fuel for business resilience
Facebook’s recent event was all about how businesses in India had pivoted in the time of the Covid-19 pandemic. But the reasons behind the resilience of Indian enterprise, however, are manifold.
Near bullseye: Paytm cuts losses by 40%
Vijay Shekhar Sharma had predicted that the company’s losses would decline by at least 50%.
