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Amazon (And Others) Brace For India’s New eCommerce Tax

PYMNTS

The tax may be a case for the government to boost its own coffers on eCommerce, anticipated to be worth as much as $200 billion annually by 2026, as estimated by the India Brand Equity Foundation (IBEF) late last year. That is up from roughly $50 billion at present, with an estimated 175 million individuals shopping online in 2020.

Taxes 175
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Is India’s ATM Disappearing Act A Digital Payments Boon?

PYMNTS

That comes as eCommerce is slated to be worth as much as $200 billion by 2026 , according to Morgan Stanley estimates, growing at 30 percent, compounded annually. Google has been retooling Tez , now branding it as Google Pay, and bringing instant loan offerings to consumers, in partnership with several Indian banks.

ATM 187
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Amazon Vs. Alibaba: How The E-Commerce Giants Stack Up In The Fight To Go Global

CB Insights

The e-commerce giants are capitalizing on three important trends: Global financial systems are going digital and mobile. Amazon is focused on globilizing its branded Marketplace, and will spend billions of dollars over the next decade to bring its model of low prices, vast selection, and fast delivery to the world.