Consumer E-commerce & Marketplaces News

78% of Consumers To Increase Spending This Festive Season: Study

Consumers across India are bullish, excited and more eager than ever to shop online during this festive season, as per a study conducted by Nielsen Media India, on behalf of Amazon India. 81 per cent indicated strong sentiment and intent; 78 per cent trust online shopping and 1 in 2 intend to increase online spending, […]

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National News

UPI Crosses 10 Bn Transactions In August 2023, Becomes Backbone of Digital Payments In India

The Unified Payments Interface (UPI) has revolutionised India’s digital payment ecosystem and played a pivotal role in driving financial inclusion by bringing millions of unbanked individuals into the formal financial system, said RBI Governor Shaktikanta Das here on Monday. The RBI Governor was delivering the keynote address at the Grand Finale of the G20 TechSprint […]

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UPI Transaction Volume Surpasses 15 Lakh Cr In August

India is getting digitally active. As per the data of the National Payments Corporation of India (NPCI), that manages real time payment platform UPI, August was a prosperous month for the Unified Payments Interface. UPI crossed 10 billion transactions in a month for the first time in August. According to the data till 30 August, […]

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consumer E-commerce & Marketplaces News

Ecommerce In New Bharat: Report Forecasts Consumer Spending To Hit $4 Tn By 2030

Shiprocket, an ecommerce enablement platform, launched a detailed trends report titled “eCommerce in the New Bharat and it’s Future” on Friday at its flagship event Shiprocket SHIVIR 2023 in New Delhi. The report was launched by Shiprocket’s CEO & Co-Founder, Saahil Goel, along with T Koshy, MD, & CEO of ONDC, and Bhaveh Pitroda, CEO, […]

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Brands Companies Electronics News

Jio Bharat: Jio’s Latest Offering To Target India’s 250 Mn 2G Users

Reliance Jio’s Rs 999 costing 4G phone launch will help the telecom major grab market share among new feature phone sales, including expanding its subscriber base in the 2G segment, said Citi Research in a report. “After Jio’s renewed attempts in Mar’23 at making inroads in the high-end postpaid and prepaid 4G and 5G segments […]

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News Retail Retail Tech

90% Retailers Opt For Digital Payments, Expects Over 50% Sales Via UPI: Survey

Digital payments in India have been crossing record transactions in the last few months.  According to recent data from RBI, NPCI, and banks, digital transactions have jumped from 20.7 billion in FY 2017-18 to 88.4 billion in FY 2021-22.  March 2023 saw UPI transactions clocking the highest-ever number of transactions at 8.7 billion, making it […]

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