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Tag: transactions

Lockdown sees an upswing in card transactions but food and beverage delivery apps take a hit

While Indian e-commerce saw a drastic 30 percent decline during the Janata Curfew on March 22, the sector subsequently clawed back to gain about 50 percent of the loss in the week following. Online shopping fell by a whopping 30 percent on March 22, the day of Janata Curfew. But in the week that followed, …

Lockdown sees an upswing in card transactions but food and beverage delivery apps take a hitRead 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

No OTP for transactions upto Rs 2,000 on Flipkart with Visa, Retail News, ET Retail

MUMBAI: Flipkart on Monday launched Visa Safe Click (VSC), powered by Visa, that will eliminate the need for One Time Passwords (OTP) for transactions up to Rs 2,000 on the e-commerce platform. VSC will deploy India’s first in-app, device-based network authentication solution for a hassle-free and safe payment process for the consumers, Flipkart said in …

No OTP for transactions upto Rs 2,000 on Flipkart with Visa, Retail News, ET RetailRead More

Google, Walmart help drive India payments past 1 billion transactions, Retail News, ET Retail

By Saritha Rai A payments platform created by India’s largest retail banks surpassed a billion transactions in October, a milestone that affirms the tremendous growth of services offered by U.S. giants from Walmart Inc. to Amazon.com Inc. and Google. Indian digital payments took off when the government pushed demonetization in 2016, invalidating most of the …

Google, Walmart help drive India payments past 1 billion transactions, Retail News, ET RetailRead More