E-commerce marketplace Flipkart on Sunday launched its Unified Payments Interface (UPI) handle to further enhance its digital payment offerings for all customers, including its 500+ million customers.
“To sweeten the deal, realme is offering limited-time offers worth Rs 3,000+ on the pre-order of the realme 12+ 5G (8GB+128GB),” the company informed.
According to the report by RedSeer, transactions recorded by Unified Payments Interface (UPI) surged about 40 per cent in October from a year earlier.
E-commerce giants Amazon, Flipkart, Myntra and others on Sunday began the festive season sales in India which is expected to reach Rs 90,000 crore worth online gross merchandise value (GMV) in the festive month
Retail giant Walmart has paid around $3.5 billion to acquire shares in e-commerce major Flipkart from non-controlling stakeholders, including co-founder…
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Since its launch with the fashion category in September last year, Flipkart Wholesale has expanded to over 3,000 pin codes, engaged with hundreds of resellers and enabled over 7 lakh listings for footwear, accessories and clothing for retailers.
FDI in any form of retail was banned in India until 1996. However, 100% FDI was allowed in wholesale cash & carry in 1997 which was also extended to B2B e-commerce in 2000.
The traders body added that both Amazon & Flipkart have claimed from time to time that they are the most law compliant bodies and if it is so then why they are afraid of any investigation into their business model and business practices and have tried their level best to stall the investigation ordered by the CCI.
The number of UPI-based payments has witnessed a steady rise over the years.
