In this week, we have seen e-commerce giant Amazon has rebranded its grocery service Amazon Now to Prime Now. Well, it makes sense for Amazon to capture the consumers who has evolved in ordering milk and bread online.
From the day digital transaction was implemented, it has not only played an anchor role for the consumers, but also for the retail brands. In connection with the 1 billion mark, RBI said it was achieved in December.
In terms of services, it includes, tie-up with various banks to provide sufficient number of swipe machines (POS) to exhibitors to facilitate the payment transactions by visitors through debit/credit cards.
Paytm aims to become one of the 100-billion USD internet companies, which is why it is taking a leap of faith in travel and movie business, to give a neck to neck competition to other already established players in the market.
Paytm has been strengthening its product and tech teams by hiring top talent in leadership positions such as former Reserve Bank of India executive Shinjini Kumar as the chief executive of its payment bank.