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Feb 1 Payments NEXT newsletter: Payments company financials, Amazon, India e-commerce regulations, news roundup |
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Our weekly newsletter is loaded with international news as many companies reported year-end results. Our news roundup includes a look at Visa. MasterCard, PayPal and Amazon financials. New government regulations on e-commerce in India, have Amazon and Walmart’s Flipkart scrambling to respond to new e-commerce regulations on foreign businesses. All this and much more disruptive payments news you can use.
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Amazon, Walmart Reel as India Curbs Plunge Market Into Chaos
Amazon.com Inc. and Walmart Inc.’s grand plans for India were thrown into chaos on Friday after the country implemented new e-commerce regulations, which could cut their growth in the market by as much as half this year. Prime Minister Narendra Modi’s government tightened rules for the retail giants after strident complaints from small shops and domestic sellers. Amazon and Walmart’s Flipkart are now banned from cutting exclusive arrangements with sellers, offering deep discounts or holding any business interest in online merchants on their websites. Read more… |
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Fast payments roll out nationally down under
The four major Australian banks have reached a tipping point in the roll out of fast payments via the country’s new payments platform (NPP) for their customers. According to The Sydney Morning Herald, after criticism from regulators, the big four banks now offer near real-time payments for most customers. Launched in February 2018, the PayID lets customers transfer money to an external account without entering an account number. Money transferred in this way settles within minutes compared to 2-3 days by traditional banking systems. Read more… |
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Reducing shopper pain points for e-retail success
New research identifies key ways online retailers can increase sales by reducing friction and making the shopper journey smoother. In the whitepaper – Addressing the Pain Points in eRetail – Juniper Research identifies seven stages in the sometimes-bumpy road in today’s online shopper journey. In the first stage – search and discovery – shoppers are challenged to find products of interest. Juniper says that traditional keyword searches are giving way to advances in natural language search by Google, Apple and Microsoft. Read more…
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| Feb 1 Global payments news roundup
Our global payments news roundup is truly worldwide this week. Visa and MasterCard reported solid year-end financials, although both cards remain locked out of China during the trade dispute. In India, Amazon and Walmart’s Flipkart are scrambling to respond to new stringent e-commerce regulations on foreign businesses. Read more... |
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Get more global payments industry news and insight.
Find the daily payments industry news you can use at Payments NEXT.
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