
India's e-comm market via UPI to reach $150 bn by 2026: FIS
Titled as ‘2023 Global Payment Report,’ it says the Indian ecommerce market through UPI transactions stood at $82 billion in 2022.
Titled as ‘2023 Global Payment Report,’ it says the Indian ecommerce market through UPI transactions stood at $82 billion in 2022.
According to Harsha Vardhan Agarwal, vice-chairman and managing director, Emami, investing in new-age companies is a good way to foray into newer categories.
The company's consolidated income stood at ₹16,201 crore in FY22 as against ₹5,463 crore in the same period last year.
Retailers called for e-commerce rules under Consumer Protection Act and a fresh Press Note in place of Press Note 2 of FDI Policy of 2018 for greater control over e-tailers.
Will getting on to the ONDC network mean disintegration of the traditional supply chain mechanisms? Will it come at the expense of marketplaces such as Amazon, Jio or Flipkart?
Amazon Prime India has been at the forefront of a lot of innovations that have been replicated in other emerging market, says Jamil Ghani, Vice-President, Amazon Prime.
While e-taliers sold goods worth ₹76,000 crore during the festive month, it was lower than Redseer's pre-sale estimate of ₹83,000 crore.
Flipverse will be available on Flipkart's newly launched platform, FireDrops, which can be accessed from the e-commerce platform's app.
Shopper addition will continue to be at the heart of future e-retail growth. India's online shopper base is estimated to increase to 400-450 million by 2027, say analysts at the firm.
The report recommends that BNPL vendors conduct robust identity verification at the point of onboarding to mitigate these risks.