Remove PayTM
article thumbnail

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

PYMNTS

Since then, critics have noted the lack of effectiveness in achieving at least some of Modi’s stated goals, namely, combating black market activity. (By The domestic digital payments market is projected to rise to a value of $1 trillion by 2023 , as estimated by Credit Suisse , up fivefold from recent tallies.

ATM 187
article thumbnail

Are Private Labels The Key To Cracking The Profitability Indian eCommerce?

PYMNTS

In 2016, 95 percent of transactions in in India were done in cash and there were approximately 60 million online shoppers – representing about 14 percent of the internet using base of the nation, according to a late 2017 report by Morgan Stanley. By March of 2018 the system was handling around 178m transactions, worth about $3.6bn.

Branding 101
article thumbnail

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

CB Insights

in market cap. Alibaba is expanding its logistics network around the world and piecing together subsidiaries to connect the world’s e-commerce markets. Both companies can afford to spend aggressively on expansion as their stocks have soared — market caps sit at $720B for Amazon and $483B for Alibaba.