Cash may be king in India, but with smartphone usage heading toward 1 billion, online payments are catching up. Digital transactions doubled in the last two years, faster than any major country outside China, and are forecast to reach $2 trillion in 2023. Such exponential growth hasn’t been trouble-free, however, leading to concern about the wisdom of relying on a single payments system. That has global tech giants including Amazon, Facebook and Google lining up for the chance to build a new pla

Article source - https://www.washingtonpost.com/business/whats-nue-in-india-and-why-does-amazon-want-a-piece/2021/03/11/9669b8b0-82bd-11eb-be22-32d331d87530_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business 

Menu