Merchants

This strategic partnership is set to change the e-commerce landscape and introduce a game-changing capability to deliver shipments via drones. New Delhi: SMILe (Shree Maruti Integrated Logistics Ltd), leading E-commerce enablement platform, has announced its collaboration with Skye Air, leading SaaS-based autonomous logistics solution provider.This strategic partnership is set to change the e-commerce landscape and introduce a game-changing capability to deliver shipments…

Grocers, cafés and other businesses — big and small — in Delhi, Mumbai, Bengaluru and elsewhere have been seized by uncertainty after the Reserve Bank of India (RBI) cracked down on Paytm Payments Bank on January 31 for not complying with regulations.Rivals such as PhonePe and Google Pay are using the opportunity to port Paytm accounts to their own platforms at no cost. And, Paytm representatives have reached out to some merchants and begun transferring their deposits to other banks. Elevate Your Tech Prowess with…

State Bank of India (SBI) is reaching out to merchants to support payment systems in light of the regulatory action on PayTM Payments Bank, chairman Dinesh Khara said. The nation's largest lender will be happy to welcome merchants and is also open to a one-time migration of accounts from the besieged payments bank, he said.“We are reaching out to all merchants and will be happy to welcome them back to ensure there are no disruptions in the payments ecosystem. We have SBI Payments which is a company that supports point of…

Logistics company FedEx announced its own commerce platform called FDX today. The platform will likely compete against Amazon by offering merchants services like demand generation, fulfillment, tracking, and post-purchase experiences including returns. The company said that FDX is currently in private preview with plans for a wider launch in fall 2024. Businesses can register their interest in trying it out through a form. The company didn’t mention any brands that are part of the pilot program.…

Digital payments major PhonePe has jumped on the credit bandwagon with a foray into merchant lending. This comes on the heels of its aborted acquisition of fintech lending platform ZestMoney, which it had hoped to build up as a consumer lending vertical.To begin with, the payments major has gone live with loans for the more-than-35-million merchants who accept UPI payments through PhonePe. To be eligible, a merchant should have used the app actively over the last six months. They would also have to process more than Rs…

The Indian government's open e-commerce network ONDC has expanded its operations into 236 cities in the country while adding more than 36,000 merchants, a senior company official said on Thursday.The government launched the Open Network for Digital Commerce (ONDC) last year to give small businesses and retailers access to processes and technologies usually provided by big e-commerce platforms such as Amazon and Walmart.The non-profit company's network currently displays products and services from all participating…

An unaffiliated Amazon consultant pleaded guilty to handing out more than $100,000 in commercial bribes since 2017. Ephraim “Ed” Rosenberg was charged alongside five others for paying bribes to Amazon employees in India who in return, would provide some Amazon merchants with a heightened advantage for selling goods on the platform.Prime Day Ain't That 'Green'Rosenberg made his plea on Thursday, admitting that he had bribed company employees, and apologized for the crime in a LinkedIn post on Monday. “On some occasions, I…

The Association of Corporate Affairs Managers of Banks (ACAMB), Chief Security Officers in Banks (CSOs), and Committee of Heads of Operations of Banks (CHOBs), have urged traders and merchants across the country to embrace electronic transactions in the midst of the lingering cash crunch. The group made this remark during an emergency meeting held on Sunday in Lagos against the backdrop of challenges faced by Nigerians due to the implementation of the Central Bank of Nigeria’s naira redesign policy. “Pending…

Google has reportedly introduced a soundpod for vendors for its UPI payment app Google Pay in India, similar to Paytm and PhonePe. The device comes with an in-built speaker and an LCD display to inform merchants about successful payments. It supports different languages. The device is currently being made available to selected merchants at no extra cost. Currently, Paytm, PhonePe and BharatPe offer soundboxes that announce successful payment confirmation to merchants in different languages through audio. Some stores are…

Amazon will widely roll out a feature by end-January that allows online merchants outside its platform to use the e-commerce giant's payment and delivery services, as it takes on rising competition from Canada's Shopify.'Buy With Prime', which was launched as an invite-only offering in April, will be widely available to US-based merchants by January 31, the company said.It added that the product has increased shopper conversion rate by an average of 25 percent, meaning that many more people placed an order when 'Buy with…