Real-time Payments Gain Traction Among Global Ecommerce Merchants: Report
Globally, 37 per cent currently accept real-time payments (RTP) and a large share (42 per cent) of the rest are likely to implement RTP going ahead
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Paytm’s Payments Revenue Grows 28% YoY To Rs 1,524 Cr, Payments Profitability Improves
- by BW Retail World Bureau
- October 21, 2023
India’s leading payments and financial services company and pioneer of QR, Soundbox and mobile payments, Paytm has announced strong June quarter earnings driven by increase in merchants subscription revenues, merchant payment volumes and loan disbursals. In Q2FY24, the company’s revenue surged by 32 per cent YoY to Rs 2,519 crore and its EBITDA before ESOP […]
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Retail Tech
Google Pay Brings Credit Offerings To Merchants
- by BW Retail World Bureau
- October 20, 2023
Google during its event, Google for India, on Thursday, announced Credit products aimed at consumers and merchants through its GPay app. This will help merchants get access to credit from trustworthy and regulated lenders. These products also form the foundation of Google Pay’s Digital Pragati initiative, aimed at growing economic opportunity for every Indian. Google […]
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E-commerce & Marketplaces
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Shiprocket Introduces Influencer Marketing Service “Shiprocket Amplify” In Partnership With One Impression
- by BW Retail World Bureau
- October 18, 2023
Shiprocket, the ecommerce enablement platform, has introduced its new offering, ‘Shiprocket Amplify’, in partnership with One Impression, an Influencer Marketing platform. With over 70 crore Indians using social media platforms on a regular basis, and approx. USD 16 billion spent on influencer marketing globally in 2022 with RoAS as high as 8X, influencer marketing presents […]
E-commerce & Marketplaces
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Simpl Launches Checkout Suite To Eliminate COD In Ecommerce By 2028
- by BW Retail World Bureau
- August 11, 2023
Ahead of India’s 77th Independence Day, Simpl, India’s checkout network, on Wednesday its vision to eliminate cash on delivery in ecommerce by 2028 in order to reduce merchant losses and fastrack the industry’s journey towards profitability. As part of this vision, Simpl has introduced an Artificial Intelligence-enabled checkout suite to eliminate cash on delivery for […]
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Retail
MyShubhLife, PayWorld Partners To Provide Credit To Retail Merchants
- by BW Retail World Bureau
- July 7, 2023
MyShubhLife, a finance platform, has joined hands with PayWorld, a fintech platform focusing on retail merchants across India. According to the press note, through its NBFC Ekagrata, MyShubhLife will provide PayWorld’s retailers with easy access to credit for their working capital needs. Through its embedded technology, MyShubhLife will leverage the vast retailer base of PayWorld […]
E-commerce & Marketplaces
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India Post, Canada Post Partners To Facilitate Ecommerce Exports
- by BW Retail World Bureau
- July 4, 2023
Post office departments of India and Canada recently entered into an agreement to introduce International Tracked Packet Service (ITPS) between the two countries. It is intended to facilitate e-commerce exports, an official release from India’s Ministry of Communications said. The service became operational on Saturday. The ITPS is a competitive service for the transmission and […]