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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.

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India’s Payments Power Moves

PYMNTS

The company is rebranding Tez , its digital payment app designed for the Indian market, to Google Play, which already operates in 20 countries. Online Retail Growth. Online retail is another battleground in India, as eCommerce in the country will hit $200 billion by 2026, according to a Morgan Stanley estimate.

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India Payment And Commerce Competition Heats Up

PYMNTS

Google said that Tez , its digital payment app designed for the Indian market, will be rebranded as Google Play, which already operates in 20 countries. Tez — or Google Play in India — also will reportedly gain capabilities for online and offline retail after already being able to handle bank-based, bill and utility payments.

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

CB Insights

They also know how successful a retailer can be if it builds a leading e-commerce presence and brings a country into online retail. Those users combined to spend $18.38B on online retail from Sept ‘16 – Sept ‘17. Research from Morgan Stanley projects the online retail market will explode from $15B in 2016 to $200B in 2026.