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Tag: phonepe

Walmart bets on PhonePe cash withdrawal facility, Retail News, ET Retail

Mumbai: Walmart’s top executives are betting big on its Indian payments enterprise PhonePe’s foray into digital ATM business to claim the top spot in the country’s increasingly competitive digital payments market where the global retailer faces stiff competition from peers Google, Amazon, Facebook and Alipay-backed Paytm. The recently-launched digital ATM feature by PhonePe plans to …

Walmart bets on PhonePe cash withdrawal facility, Retail News, ET RetailRead More

PhonePe rolls out Flipkart’s Pay Later facility on its platform, Retail News, ET Retail

Digital payments platform PhonePe has rolled out Flipkart‘s Pay Later facility on its platform, enabling PhonePe users to make purchases on credit and clear dues in a single monthly payment. This feature will allow consumers to purchase small ticket items up to Rs 5,000 through a single click payment. Pre-approved Flipkart users will be able …

PhonePe rolls out Flipkart’s Pay Later facility on its platform, Retail News, ET RetailRead More

Amazon India’s e-comm arm narrows FY19 loss to Rs 5,685 crore, Retail News, ET Retail

NEW DELHI: Amazon Seller Services, the online marketplace arm of the e-commerce giant in India, has narrowed its loss to Rs 5,685 crore for 2018-19. This is a 9.5 per cent decrease from the last financial year, when the company had posted a loss of Rs 6,287.9 crore, as per documents sourced by business intelligence …

Amazon India’s e-comm arm narrows FY19 loss to Rs 5,685 crore, Retail News, ET RetailRead More

CEO, Retail News, ET Retail

Madhav Chanchani | TNN Bengaluru: India’s most valued startup at over $10 billion, Paytm, has begun talking of improving margins as loss-making private internet companies across the world come under pressure after office-sharing startup WeWork’s failed public offering. Paytm CEO Vijay Shekhar Sharma told TOI in an interview that the company will bring down its …

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Walmart plans to spin off PhonePe from Flipkart, Retail News, ET Retail

New Delhi: Global retail major Walmart Inc is planning to demerge PhonePe, the payment system and digital wallet company of Flipkart, so that its ownership will be vested directly with the US retail giant, two people familiar with the transaction told ET. The proposed move will pave the way for Walmart to get into India’s …

Walmart plans to spin off PhonePe from Flipkart, Retail News, ET RetailRead More