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Tag: digital

India changes digital tax form to include new levy on foreign e-commerce companies, Retail News, ET Retail

The income-tax department has introduced changes to the form used to pay equalisation levy, to include the option of paying up the new 2% levy on digital transactions conducted in India by foreign e-commerce companies. The new levy was introduced in the Union Budget and was made effective from April 1, with the first instalment …

India changes digital tax form to include new levy on foreign e-commerce companies, Retail News, ET RetailRead More

Swiggy launches its own digital wallet with ICICI Bank

Food delivery platform Swiggy on Tuesday launched its own digital wallet to enable single-click checkout experience on its platform. Called ‘Swiggy Money,’ the full-fledged digital wallet in partnership with ICICI Bank will enable customers to store money and be used for all food orders. Users choosing ‘Swiggy Money’ can avail instant refunds and use the …

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Chipotle continues heating up digital sales with delivery partnership

Get great content like this right in your inbox. Subscribe Chipotle Mexican Grill is expanding its U.S. on-demand delivery footprint with a major third-party platform. Chipotle is launching a fully integrated partnership with Grubhub to provide efficient, seamless delivery. Available now, customers can order from U.S. Chipotle locations through the Grubhub app website. Digital orders …

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QSRs — Digital Disruption Was Coming, But Now It’s Sink Or Swim

Quick-service restaurants (QSRs) have been bracing for digital disruption for some time. However, the seismic impact of COVID-19 has catapulted restaurants into immediate disruption and left them with two options: One, they can quickly pivot and embrace digital strategies to transform the business operation and serve customers in this new climate, or two, shut down …

QSRs — Digital Disruption Was Coming, But Now It’s Sink Or SwimRead More

The Pandemic Accelerates Retailers’ Need For Digital Operations

The pandemic’s impact on retail is a story of two halves. Many firms have felt the pain of store closures and need to adapt their operations to online-only sales and social-distanced operations across warehouses. This, alongside consumer spending focusing on essential spending, means that retailers and brands are split into two groups: Essential categories in …

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42 pc Indians have increased use of digital payments in lockdown: Report

The nationwide lockdown has benefited digital payment platforms as 42 percent Indians have increased the use of digital means for payments in the last three weeks, a report said. As per a PTI report, buying essentials and mobile recharges are top use cases for digital payments, according to a survey of 42,000 respondents done by consultancy …

42 pc Indians have increased use of digital payments in lockdown: ReportRead More

Covid-19 highlights need for real-time new digital payment services worldwide, research reveals – Retail Times

More than half a trillion real-time payment transactions will be processed over the next five years, according to Prime Time for Real-Time, a new global report from ACI Worldwide and GlobalData. The coronavirus outbreak has accelerated the use of cashless payments across the world due to consumers opting for contactless payments to avoid disease vectors, …

Covid-19 highlights need for real-time new digital payment services worldwide, research reveals – Retail TimesRead More

Nuggets Digital ID and Payments co-founder named Entrepreneur of the Year at Booking.comTechnology Playmaker Awards

Booking.com has named Seema Khinda Johnson, co-founder of blockchain-powered payments and ID platform Nuggets, as Entrepreneur of the Year in its annual Booking.com Technology Playmaker Awards. Now in its third year, the Booking.com Technology Playmaker Awards recognise women across the global technology scene who are trailblazing new paths, creating innovative products and experiences and positively impacting communities by inspiring future generations. …

Nuggets Digital ID and Payments co-founder named Entrepreneur of the Year at Booking.comTechnology Playmaker AwardsRead More

‘Equalisation levy for digital e-commerce transactions’, Retail News, ET Retail

NEW DELHI: Foreign-owned e-commerce players will have to pay equalisation levy from the next fiscal. The levy, which hitherto was applicable only to digital advertising players such as Google, has now been expanded by way of a sweeping amendment to cover all sorts of digital e-commerce transactions into India, as well as those transactions which …

‘Equalisation levy for digital e-commerce transactions’, Retail News, ET RetailRead More