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India’s Payments Power Moves

PYMNTS

In 2016, Prime Minister Narendra Modi put forth a policy that took the largest banknotes in circulation out of the system (500 rupee and 1,000 rupee bills), a move intended to reduce tax evasion and corruption. Online Retail Growth. The central bank said in August that it had gotten roughly 99.3

Payments 108
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Amazon (And Others) Brace For India’s New eCommerce Tax

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The jousting over eCommerce taxes — especially for U.S. 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.

Taxes 175
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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

The cannabis industry brought in a little over $6 billion in revenue in 2016 — a figure that some estimate will grow to as much $50 billion by the year 2026. The larger seed-to-sale solutions operating on “certain cloud-based systems” have, unfortunately, turned out to be less than reliable and stable. As a point of comparison, U.S.