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Global payments services company MasterCard plans to invest $700-800 million in India between now and 2020, a top official has said. These investments will flow into processing, mobile technology and solutions and data analytics, said Porush Singh, Country Head for MasterCard in India. Some investments will also go towards royalty for technology as a whole […]

Jeff Bezos, founder and Chief Executive of the world’s largest e-commerce company Amazon, has said that India is an example of a market where the company has been able to build services and initiatives that can be replicated globally. Bezos, who is quite bullish on the Indian market, was referring to the marketplace model operated […]

US-based ride hailing service, Uber, plans to invest Rs 99 crore in Karnataka, seeking concessions from the state government under the Information Technology Act. While the government has cleared the project, it has asked Uber to comply with state rules, including the soon-to-be-announced app-based taxi aggregator law. Uber’s investment in the state will be directed […]

Industrybuying, a leading online e-commerce B2B platform, has teamed up with Paytm, the leading mobile payment and commerce platform, to simplify the transaction process and cut down on the overall transaction time. The tie-up is in step with Industrybuying^s product and marketing strategy, which involves providing more options to B2B customers. Industrybuying will also look […]

DCB Bank and M2P, a digital payment solutions company, have jointly launched a new platform YAP for wallet services. “DCB Bank has partnered with M2P to offer the ^YAP^ digital payment suite targeting businesses going digital and looking to adopt bank-grade solutions. This sophisticated platform will enable retail brands and businesses to provide digital payment […]

Future Retail, India^s largest modern retailer, has signed a unique bond deal with Axis Bank, from which it raised Rs 300 crore recently. The company will reward the bank for holding the bond till maturity by paying a higher premium on the principal amount. The company will pay a coupon of 10.10 per cent on […]