Paytm partners with Wipro: Paytm ropes in Wipro for payments bank business. Wipro will implement core technology solutions for Paytm’s payments bank business, which is expected to be rolled out in the second half of 2016. Mobile wallet and e-commerce company Paytm (One97 Communications Ltd), led by Vijay Shekhar Sharma, received in August an in-principle approval from the Reserve Bank of India to set up a payments bank.
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Flipkart Challenges E-Commerce Entry Tax in Gujarat High Court: Gujarat High Court Thursday issued a notice to the state Government on a petition filed by the online retail major Flipkart against the entry tax in the state on the goods bought through the e-commerce portals. The division bench of Chief Justice R Subhash Reddy and Justice V M Pancholi scheduled the next hearing for June 9. Flipkart has claimed the tax is discriminatory, because no such tax is imposed on the goods brought into Gujarat through other modes of sale.
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DBS launches Digibank: DBS Bank is setting up India’s first mobile-only bank, called digibank, a move that will allow the bank to ramp up its presence in Asia’s third-largest economy. This innovative model uses a wide range of technology – from biometrics to artificial intelligence (AI) – to introduce a new way of banking. There is natural language technology, which allows the phone to effectively understand what customers are saying, and embedded soft token security, replacing the need for one-time passwords via SMS.
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Snapdeal diversified… users can book bus and flight ticket: Snapdeal, India’s second-largest e-commerce company, has stitched alliances with online food ordering firm Zomato, and online travel and ticketing firms Cleartrip and Redbus, but without investing in them. Users will soon get a travel icon on Snapdeal, which will have bus tickets powered by Redbus. There will be similar icons of Cleartrip and Zomato. The three companies have shared their application programme interface (API) with Snapdeal. APIs are tools that help in developing applications. With these APIs, Snapdeal users will be able to order food and book bus and flight tickets on its website and app.
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Blackberry BBM money transfer service in India: Smartphone maker BlackBerry and Digitsecure, a payments platform which runs HotRemit, have partnered to bring BBM Money to India. The company had started the digital remittance service in Indonesia in 2014. BBM Money is an app which integrates directly with a customer’s BlackBerry Messenger (BBM) account, and allows users to pay for goods using the BBM platform.
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