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It needs merit in understanding the eCommerce ecosystem in the countries that India is most often compared with – China, Russia and the US.
Customers can shop seamlessly and check-out faster with choice of relevant payment options, as billing and delivery details are already available with KMB.
Findings suggest that Amazon has a monthly visitor base of around 180 million which is far more than Flipkart (120 million).
Approval of payments bank services have been given on a condition that asks companies to park 75 per cent of their deposits in the safer. They are also not allowed to use their deposits for lending or any of such purposes.
According to Kotak Institutional Equities’ Internet Monthly report, ‘E-commerce story – bumps in the road’, a tightening funding environment has prompted stricter evaluation of business models.
Alibaba group's B2B arm Alibaba.Com today said it aims to more than double its user base in India over the next few years through on-boarding of over 5 million businesses on its wholesale trading platform.
Two years ago, RBI issued a guideline under which any transaction at the POS terminal at a retail outlet would require the user’s ATM PIN. The move, introduced to strike out fraudulent activities around card payments, came as a surprise to the retailers,
Bharti Airtel would apply to the Reserve Bank of India for a licence and Kotak Mahindra Bank will acquire 19.90 per cent stake in it.
The number of ultra-high networth individuals (UHNIs) having an investible surplus of over Rs 25 crore rose 16 per cent to 1.17 lakh last fiscal, and this is estimated to triple to 3.43 lakh in the next three years, says a report.