Axis Bank buys FreeCharge for USD 60 Million

Snapdeal is finally selling off FreeCharge, its mobile transactions platform, to private sector Axis Bank. The bank said in a communication to the Bombay Stock Exchange that it has entered into a share purchase agreement with Jasper Infotech Private Ltd, Snapdeal parent, to acquire 100 percent equity in FreeCharge for a consideration of Rs 385 crore.

Amazon Pay Gets $20 Mn From Parent, Rolls Out Third-Party Payment Services

American online retail giant Amazon has infused $20 million (Rs 130 crore) in Amazon Pay, with the much talked about wallet services for third-party payments finally rolling out in India.

WhatsApp Has Business Chat, Payment Sectors In Its Sights

With more than 1.2 billion monthly active users globally, Facebook Inc.-owned messaging application WhatsApp undoubtedly knows how to keep consumers engaged on its network. Will WhatsApp, however, be able to gain similar traction when it eventually launches its payment and WhatsApp for Business apps?

MobiKwik Stops Cashback To Start Loyalty Programme, Reduce Burn By 25%

Just like the growth of ecommerce companies in India was fuelled by discounts, mobile wallet companies such as Paytm and MobiKwik grew on the back of cashbacks — sometimes as high as 100% of the transaction amount.

M-Wallet Companies Look To Forge Partnerships With Insurance Firms

Mobile-wallet ventures are increasingly looking for partnerships with insurance companies in an effort to minimise their liability with risks from cyber security breaches on the rise.

The Pillars That Maketh A True Cashless Society

Below are some of the latest tweets on this topic. Read a more updated thread by clicking on any of the tweets from below.

印度迎来十月节日大促,各大电商却无法烧钱打折?

往年的节日大促中,印度电商狂打“价格战”,商品价格甚至低至1卢布。今年,资本寒冬和政策变动让印度电商的日子不太好过,玩好十月开始的大促季显得困难重重。
作者 | 路遥
印度的销售旺季一般从10月拉开帷幕,到排灯节(每年10月或11月中)左右达到最高峰。往年,印度电商都会用巨额折扣吸引消费者,但今年三月印度出台的电商新政禁止电商打折促销,扰乱市场价格。

Tips To Make Online Shopping A Truly Rewarding Experience

It’s past midnight. Rick and Nina sit glued to their laptops, waiting to hit the ‘Buy Now’ button. The online Pre-Christmas sale will start any minute and they are hoping to buy their favourite gadgets at less than half the price.

Rick and Nina are not alone. In fact they are a part of a current clan of over 1.5 billion online shoppers across the globe (per latest Greyhound Research estimates). As steep discounting online sales, especially around the holidays and festivals, continue to become a global trend this number is expected to cross 2 billion by 2020.

What will Indian E-Commerce Companies Do To Win This Festive Season?

On October 2, leading Indian e-commerce companies will kickstart their annual festive season sales. The three months starting October are crucial for both offline and online retailers in India as they account for some 40% of the annual consumer durables and electronics sales in the country.

Leading Indian e-commerce companies began preparations for this year’s sale months in advance.

Apple Reaffirms India Retail Store Plans As iPhone Sales Stay Strong

Apple Inc.’s chief executive Tim Cook has reaffirmed the iPhone-maker’s plans to open its own retail stores in India, which he described as one of its fastest-growing markets.

Where should Apple open its first retail store in India?

Keeping global Apple iPhone sales stats and it’s bad quarter aside, the year started on a good note for India’s Apple fans as reports about the Cupertino company opening its first exclusive retail store in the country started floating online.

How to deal with packaging waste

As Indians start buying more things online, it is placing a lot of stress on disposal and management of packaging waste. For Kartik Subramanium, a techie, buying online was a cool thing to do. “From clothes to groceries, I shopped online,” he says. While that was the happy part, since the last few months, he has started to rethink whether he should continue buying online.

Then, there is the issue of returned goods.

New ad: why did Flipkart go back to basics?

E-commerce major Flipkart, with 75 million registered users, has gone back to explaining the basics of online shopping to Indian shoppers with its TV ad campaign, Flipkartmatlab bilkul pakka.

The two-film campaign seeks to reassure customers that they can never go wrong while shopping on Flipkart, as the platform sells 100 per cent original merchandise which can be easily exchanged or returned.

Apple's Error 53: How, why and what it means to iPhone users

In case you’ve not realised, Apple is disabling iPhones that have not been repaired through official Apple service centres. This problem even applies to phones that were earlier repaired and were working fine. But now suddenly after the latest update to the IOS 9, these phones have conked off. Officially it is called Error 53.

Online festival sales: Second time around is twice as nice

If you missed buying your favourite mobile, apparel or furnishing item on popular e-commerce sites like Amazon and Flipkart in their recent Diwali sale between October 13 and 17, there’s no reason to despair. That’s because sale continues on other sites like Snapdeal, Paytm and Shopclues, and even Amazon is going to start a second round of sales between October 26 and 28.

Online festive sale: Second time around is twice as nice

If you missed buying your favourite mobile, apparel or furnishing item on popular e-commerce sites like Amazon and Flipkart in their recent Diwali sale between October 13 and 17, there’s no reason to despair. That’s because sale continues on other sites like Snapdeal, Paytm and Shopclues, and even Amazon is going to start a second round of sales between October 26 and 28.

Consumers win in Amazon vs Flipkart discount war

With the onset of the festive season, it’s raining discounts and even gold bars for customers of Flipkart and Amazon as both these e-retailers are trying to woo shoppers with best deals and grab market share.

Both firms have invested heavily on bringing the best deals for customers across categories like apparel, electronics and household items as well as on logistics to ensure speedy delivery to ensure the customer experience doesn’t suffer, analysts said.

Consumers are winners in Amazon vs Flipkart discount war

With the onset of the festive season, it’s raining discounts and even gold bars for customers of Flipkart and Amazon as both these e-tailers are trying to woo shoppers with best deals and grab market share.

Both firms have invested heavily on bringing the best deals for customers across categories like apparel, electronics and household items as well as on logistics to ensure speedy delivery to ensure the customer experience doesn’t suffer, analysts said.

Consumers are winners in Amazon vs Flipkart discount war

With the onset of the festive season, it’s raining discounts and even gold bars for customers of Flipkart and Amazon as both these e-tailers are trying to woo shoppers with best deals and grab market share.

Both firms have invested heavily on bringing the best deals for customers across categories like apparel, electronics and household items as well as on logistics to ensure speedy delivery to ensure the customer experience doesn’t suffer, analysts said.

Consumers are winners in Amazon vs Flipkart war

With the onset of the festive season, it’s raining discounts and even gold bars for customers of Flipkart and Amazon as both these e-tailers are trying to woo shoppers with best deals and grab market share.

Both firms have invested heavily on bringing the best deals for customers across categories like apparel, electronics and household items as well as on logistics to ensure speedy delivery to ensure the customer experience doesn’t suffer, analysts said.

Jaspreet Bindra to helm Mahindra Group Ecommerce Plan

The Mahindra Group is drawing up a digital and ecommerce strategy and has hired Jaspreet Bindra, an angel investor and former CEO of Askme.com, to helm the initiative, as India’s oldest business houses begin to seriously tap technology.

Join Sanchit Vir Gogia for Twitter Chat on #Wallets digital

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Join Greyhound Research (@Greyhound_R) and Sanchit Vir Gogia (@s_v_g) for a tweet-up on Digital Wallets: Will Digital Wallets Eliminate Traditional Transactions?

Panelists:

Moderator: Brian Pereira, Conference Head – CeBIT Global Conferences @brian9p

Product e-Commerce Sector To Grow Ten-fold By 2020

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Why Do E-Commerce Firms Need The Billions?

Months after e-commerce major Flipkart raised $1.9 billion (about Rs 11,800 crore) in three rounds of funding in 2014, the Bengaluru-based company is again understood to be in talks to raise at least $500 million.

Alibaba Arm Buys 25% In Paytm Parent For $700 M

When Jack Ma visited India in November, he said he was keen to do business with companies here. In just two months, the Chief Executive Officer of Alibaba has made good his intention by taking a 25 per cent stake in Paytm, a mobile commerce company.

Entrust Datacard Wins 2015 Technoviti Award for Most Innovative Financial Card Printer

Entrust Datacard has announced that the Datacard CE870TM instant issuance system has been named the ‘Most Innovative Printer/Multi-Functional Device’ award winner in the 2015 Technoviti Awards. Selected by an independent jury of CIOs and CTOs from the Banking, Financial Services and Insurance (BFSI) sector in India along with an independent research firm Greyhound Research, the CE870 system was awarded for its multi-functional personalization technology that empowers financial institutions to instantly issue secure payment cards in-branch.

To read the Full Article, click here: NewsR

Entrust Datacard Wins 2015 Technoviti Award for Most Innovative Financial Card Printer

Entrust Datacard has announced that the Datacard CE870TM instant issuance system has been named the ‘Most Innovative Printer/Multi-Functional Device’ award winner in the 2015 Technoviti Awards. Selected by an independent jury of CIOs and CTOs from the Banking, Financial Services and Insurance (BFSI) sector in India along with an independent research firm Greyhound Research, the CE870 system was awarded for its multi-functional personalization technology that empowers financial institutions to instantly issue secure payment cards in-branch.

To read the Full Article, click here: ClickIndia

Entrust Datacard Wins 2015 Technoviti Award for Most Innovative Financial Card Printer

Entrust Datacard has announced that the Datacard CE870TM instant issuance system has been named the ‘Most Innovative Printer/Multi-Functional Device’ award winner in the 2015 Technoviti Awards. Selected by an independent jury of CIOs and CTOs from the Banking, Financial Services and Insurance (BFSI) sector in India along with an independent research firm Greyhound Research, the CE870 system was awarded for its multi-functional personalization technology that empowers financial institutions to instantly issue secure payment cards in-branch.

To read the Full Article, click here: Yahoo Finance

Entrust Datacard Wins 2015 Technoviti Award for Most Innovative Financial Card Printer

Entrust Datacard has announced that the Datacard CE870TM instant issuance system has been named the ‘Most Innovative Printer/Multi-Functional Device’ award winner in the 2015 Technoviti Awards. Selected by an independent jury of CIOs and CTOs from the Banking, Financial Services and Insurance (BFSI) sector in India along with an independent research firm Greyhound Research, the CE870 system was awarded for its multi-functional personalization technology that empowers financial institutions to instantly issue secure payment cards in-branch.

To read the Full Article, click here: The Telegraph

Entrust Datacard Wins 2015 Technoviti Award for Most Innovative Financial Card Printer

Entrust Datacard has announced that the Datacard CE870TM instant issuance system has been named the ‘Most Innovative Printer/Multi-Functional Device’ award winner in the 2015 Technoviti Awards. Selected by an independent jury of CIOs and CTOs from the Banking, Financial Services and Insurance (BFSI) sector in India along with an independent research firm Greyhound Research, the CE870 system was awarded for its multi-functional personalization technology that empowers financial institutions to instantly issue secure payment cards in-branch.

To read the Full Article, click here: Business Wire India

Mobile payments: Trends in 2015

Experts are predicting that more and more consumers will take to mobile banking as the under-banked look for a better online shopping experience

Competition, investment expenses to weigh on Q3 results of listed e-commerce players

E-commerce companies, the poster children of growth in recent years, are likely to report muted earnings for the quarter ended December 2014 due to high competition and investment expenses, say analysts.

Patience Will Be Key For Survival Of IT Retail: Greyhound Research

Sanchit Vir Gogia, CEO, Greyhound Research, gives us five reasons why the e-tailers’ predatory pricing can’t last forever

More niche acquisitions likely in e-commerce sector, say analysts

In a bid to strengthen their presence in the e-commerce sector, large players such as Amazon, Snapdeal and Flipkart are likely to look at acquiring companies with niche, differential capabilities, say industry analysts.

Lack of logistics hindering Indian e-tailers from selling overseas

Home-grown e-commerce companies such as Flipkart and Snapdeal, which have reached out to Indian artisans and small cottage industries, are unable to sell their products in the international market, while their global rivals such as Amazon and eBay are able to do so with ease.

Inclusion By Mobile

This case study looks at how M-Pesa, a service that originated in Kenya, was tweaked for India and whether it can succeed.