PhonePe mobile payments company gets $200 million investment from Walmart

Mobile payments - Walmart logo on cell phone

The Indian company raised the funds as a component of an ongoing round. PhonePe, a mobile payments giant from India, has announced that an investment from Walmart has brought it another $200 million in funding as a part of an ongoing round that has already helped it bring in $650 million. The funding has arrived regardless of the economic downturn. PhonePe has been bringing in funds too help build itself up in the face of its upcoming separation from Flipkart, its parent company. Walmart already owns the majority of the…

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India’s mobile commerce industry is looking to overcome challenges

india mobile commerce, standard qr code

Mobile commerce continues to grow throughout India As the mobile commerce industry continues to grow, several companies involved therein are beginning to fight to overcome significant challenges that face adoption. Indian companies are beginning to address issues that exist in the market in order to ensure that they can effectively engage consumers. According to recent market analysis, the Indian mobile commerce market is expected to grow by 55% by 2019, reaching $19 billion. Mobile Internet use among Indian consumers is also expected to increase, reaching 120 million users. Companies are…

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India is a leading mobile commerce market

India mobile phone manufacturing

India is establishing itself as the world’s leading mobile market India has become one of the largest and most influential mobile commerce markets in the world, according to a new report from KPCB, a leading venture capital firm. Several Indian firms have begun to invest quite heavily into the mobile space, establishing a strong presence among a new generation of consumers that are interested in mobile payments. India currently stands as one of the fastest growing mobile markets in the world and may hold the position as the world’s leading…

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Study highlights growth of digital and mobile commerce in India

india mobile commerce, standard qr code

E-commerce growth is accelerating at a rapid pace in India ASSOCHAM-PwC has released a new study that highlights the growth of mobile and e-commerce in India over the past year. The study suggests that 2014 may prove to be the year that e-commerce became a mainstream form among consumers, especially those of younger generations. Because of the success that the digital space has seen over the past year, retailers may find even greater opportunities in 2015, especially has they set their sights on mobile commerce. Study shows that 65 million…

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Mobile commerce is being driven by cheaper smartphones

india mobile commerce, standard qr code

Smartphone based shopping saw an growth of an astounding 800 percent last year, and it is still rising. According to data that has been released by Flipkart, an online retailer, it is expecting a compound annual growth rate (CAGR) in mobile commerce of another 150 percent that will occur until 2016. Smartphones are tremendously commonplace and are vital to the growth of the m-commerce sector in India. At the moment, e-commerce in India is estimated to be worth about $4 billion. However, as cheaper handsets have become widely available, it…

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