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While demonetisation largely impacted consumers across all cities, some top brands and even cab operators witnessed a huge boom in transactions during this period.
Toonz has also announced that it is launching new collection of its home brand Wowmom, Superyoung and Superyoung Celebration for the winter and Party season.
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.
With notes going out of circulation, people can use credit/debit cards, net banking or gift cards to purchase their products. This results the customers to save cash for necessity and chose to pay through online mode.
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.
Vijay Shekhar Sharma, Founder, Paytm expects that Deoraâ€™s expertise will help him build his company to become one of the largest financial service business in India.
The vehicle tag employs RFID technology to allow cashless toll fee payment with the Paytm Wallet. Paytm aims to collect over INR 1,800 Cr in toll charges in the coming months.
Below mentioned are 3 elemental trends that can enable a flawless growth of eCommerce industry leveraging the logistics sector.
The company has recently pumped around Rs 400 crore funding in its recent concluded funding round which was headed by Taiwanese chip maker Mediatek.
The tie-up with India's largest rail ticketing platform is a major step towards Paytm aim to bring the convenience of digital payments to travellers.
Transactional fraud is one big barrier that is impeding these service providers to win consumer’s trust. Mobile transactions are increasing rapidly, but retaining customers is getting tougher.
With much coherent retail and eRetail policies, advancements in FDI norms and rising preference of digital shopping, eCommerce in India is heading towards its unpredictable best.