DP2Web

India drew a stage nearer towards turning into a cashless economy with the launch of National Payments Corporation of India's (NPCI's) Unified Payment Interface (UPI) on Monday.  The NCPI works the Rupay payments infrastructure that – like Visa and MasterCard – permits distinctive banks to interconnect and transfer funds. The UPI can be considered as a digital framework to do likewise – the thought being that every single financial instrument can be given a unique identity on the UPI, which can then be utilized to rapidly and effortlessly complete online payments.  With UPI, will we at long last see the tide move in the opposite direction of money towards digital money? There are numerous motivations to seek after this, as digital frameworks can be utilized to decrease the haziness of money, and to manufacture a man's financial history, which will be a vital device for financial incorporation.  What is Unified Payment Interface (UPI) about?  With the usage of UPI

Indian ecommerce industry is all situated to witness some major firecrackers as industry biggies: Amazon and Alibaba are in a major acquisition mode. According to reports rolling in from different sources, Amazon is crawling towards procuring Jabong and Alibaba is viewing Snapdeal nearly, and an arrangement might leap forward whenever now. Amazon-Jabong On the off chance that this Amazon chooses to acquire Jabong (and appears chances are high), Indian Ecommerce will witness its greatest acquisition till date. Sources are letting us know that the first level of talks in the middle of Amazon and Jabong is presently over, and management groups from both the portals are encircling out the details. According to insiders, this first level of talk had happened short of what a week prior. In spite of the fact that Indian FDI laws doesn't allow investments in Jabong, henceforth its an inventory based ecommerce model, though Amazon India is fundamentally a marketplace. Fashion i

While the speculations have been going ahead in the media from over a month now around Amazon securing Rocket Internet upheld Jabong, the same may be working out soon. In October, distributers like Firstpost , ET , Trak and so on reported that the two firms may be shaking hands, however in a late development it has surfaced that the first phase of talks for Amazon to secure Jabong have been finished. Also Amazon would obtain the organization in a deal sum worth USD 1-1.2 Billion. Jabong is a piece of Rocket Internet's Big Foot Retail (Family of Jabong, Dafiti, Lamoda, Namshi and Zalora), henceforth the billion dollar deal may include these other global retailers as well. A source with the knowledge relating to this matter told Vccircle that post acquisition, Amazon would keep Jabong as an issue substance. Jabong is an inventory based e-tailer, where FDI in not permitted, and the structure of the deal hasn't been uncovered Amid January-June 2014 period, Jabong reported Gross

As per Google's annual online shopping growth trends report discharged on Thrusday, done in a cooperation with Forrester Research, India will have 100 million online shoppers including 40 million women, by 2016. The quantity of online shoppers was 8 million in 2012 and is 35 million not long from now. This implies there will be a growth component of 12x somewhere around 2012 and 2016. Mobile is driving this growth in e-trade and India is required to cross 300 million internet clients by end of the year. Rajan Anandan VP and MD, Google India said, " Mobile is driving most if not all the growth on the Internet. All the huge markets like China and the US, created as Desktop markets, however India is consistently created as an issue market."  The review secured 6589 respondents covering 50 urban areas including tier 1, tier 2 and tier 3 urban communities. The growth in nearing year will originate from Tier 1 as 71 percent respondents in this section will purchase in the