PAYPAL TO HIRE 1000 ENGINEERS ACROSS INDIA

HIGHLIGHTS

• This year, PayPal is going to hire 1000 engineers for development centers in India.
• Outside USA, India has largest technology centers in India.

Digital payments giant PayPal is going to hire more than 1000 engineers this y...

AMBANI TO PARTNER WITH FACEBOOK AND GOOGLE

HIGHLIGHTS

• Mukesh Ambani is going to forge a partnership with Facebook and Google.
• Three partners seek to obtain a license to enter India’s digital payments business.

Reliance Industries Ltd., led by Asia’s richest man Mu...

LENDERS TO JOIN HANDS TO DEVELOP DIGITAL BANKING INFRASTRUCTURE

HIGHLIGHTS

• Public sector banks are planning to build and share digital infrastructure.
• Not just software, banks are likely to share the hardware used for setting up the back office and servers.

In response to the rapid digital adopti...

E-TAILING TO REACH $ 140B GMV BY 2025

HIGHLIGHTS

• E-Commerce sector grew significantly in India during lockdown period.
• By 2025, E-tailing is expected to reach $ 140 billion GMV.

Among all the sectors which was impacted by COVID-19, e-commerce showed the most resilience a...

FMCG COMPANIES CONTINUE TO BENEFIT FROM ONLINE SALES

HIGHLIGHTS

• FMCG companies are getting benefits due to online sales.
• A report by Unicommerce said that sales on e-commerce grew 36% in volume terms compared to FEB 2020.
• In DEC 2019 quarter, 30% growth was witnessed.
• In DEC 2020 q...

PAYPAL TO SHUT DOWN DOMESTIC PAYMENTS BUSINESS IN INDIA

HIGHLIGHTS

• PayPal is going to shut down domestic payments business in India from 1 APR 2021.
• International payments business is still going to continue for now.
• PayPal has partnered with many Indian businesses in past to increase its market...

ACI WORLDWIDE TO POWER MAJORITY OF HUNGARIAN REAL-TIME PAYMENTS WITH NEW PARTNERSHIP

HIGHLIGHTS

• ACI Worldwide has forged a partnership with Capsys and T-Systems Power.
• With new partnership, ACI Worldwide is powering majority of real-time payments in Hungary.

A leading global provider of real-time digital payment soft...

JAPAN PASSES ‘SUPER CITIES’ BILL

HIGHLIGHTS

• To ensure timely technology roll-out, Japanese Parliament has passed a bill, clearing the plan to create ‘super cities’ in Japan.
• Municipalities need to create plans and get support from residents in their area. After proving su...

How Blockchain Can be The Solution to Trade Finance Issues in India

The scale of acceptance of digital transactions by Indian businesses is far and large. With a population of nearly 1.4 billion and 1.9 million registered businesses, there is constant dialog in support of an increased need to protect the digital business space.

Progressive companies are...