SEA’s Digital Checkout Market Set To Reach $680 Bn By 2028: Report
The growth is driven by consumers demanding speed and convenience, and by small and medium enterprises (SMEs) rapidly shifting to QR payments
E-commerce & Marketplaces
Finance
News
Retail
Kirana Stores Ditch Paytm After RBI Ban, Incline Towards Other Apps
- by BW Retail World Bureau
- February 9, 2024
A recent announcement by the Reserve Bank of India (RBI) directing Paytm Payments Bank to halt services by February end, has led local Kirana store owners to start using other payment apps for business. A survey conducted by Kirana Club indicates that 69 per cent of respondents use the Paytm QR code for daily transactions […]
Finance
National
News
UPI Reports More Than 100 Cr Transactions In 2023
- by BW Retail World Bureau
- January 3, 2024
The Unified Payments Interface (UPI) has shattered records by processing over 100 billion transactions, as revealed by data from the National Payments Corporation of India (NPCI). Operating alongside other payment processing infrastructure, UPI witnessed 54 per cent year-on-year (YoY) growth in transaction volume and 42 per cent surge in transaction value for December 2023. The […]
Finance
Government
National
News
Rs 2000 Note Phase-Out Nears Completion: 97% Returned To RBI
- by BW Retail World Bureau
- January 2, 2024
The Reserve Bank of India (RBI) on Monday said that 97.38 per cent of the Rs 2000 banknotes in circulation as of 19 May 2023 have been returned. The latest data reveals that the total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore as of 19 May 2023, when the […]
Companies
News
Reliance Retail Crosses 100 Cr Transactions
- by BW Retail World Bureau
- August 29, 2023
Reliance Retail, the subsidiary of Reliance Industries Ltd (RIL), has witnessed a meteoric rise in valuation, surging from Rs 4.28 lakh crore in 2020 to Rs 8.28 lakh crore. The Chairman of Reliance Industries, Mukesh Ambani, disclosed this remarkable feat to investors, highlighting the company’s enduring popularity and sustained investor interest during the 46th AGM. […]
International
News
Real Estate
Dubai Real Estate Market Sees Strong Activity
- by BW Retail World Bureau
- July 8, 2023
A total of 3,244 real estate transactions worth over AED 13.6 billion were conducted during the week ending July 7, 2023, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 323 plots were sold for AED 3.33 billion, while 2,237 apartments and villas were purchased for AED 5.37 billion. […]