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Virtual Kitchen Nets $20M To Assist Restaurants With Delivery

PYMNTS

Virtual Kitchen , a startup founded by ex- Uber employees, has raised $20 million in fresh capital in a bid to capitalize on the need for food delivery amid the pandemic, according to CNBC. billion by 2026, CNBC reported. Virtual Kitchen works to provide technology for others to set up commercial kitchens for food delivery.

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

PYMNTS

Chalk it up to “unviability of operations” in the wake of new regulatory guidelines, mandating upgrades that focus on the actual management of the physical cash at those machines. 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.

ATM 187
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Amazon (And Others) Brace For India’s New eCommerce Tax

PYMNTS

firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The jousting over eCommerce taxes — especially for U.S.

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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.