A huge wail of distress is being heard from small and medium business enterprises across India that have been hit hard by the demonetisation of high-value notes. Alarmed by the drastic fall in trade, commerce and business activities by around 75 percent post-demonetisation, traders in Maharashtra…
Currency Switch Impact | Mobikwik offers virtual card for payments
A day after rival Paytm launched its app-based point of sale (POS) facility, for users with credit and debit cards, Mobikwik announced a virtual card technology which will allow users make payments across all online and offline shops which accept cards. Mobikwik claims that it will be a safe way …
India to invest in Zimbabwe’s SMEs to boost trade
The Indian government is set to invest in Zimbabwe’s small-to-medium enterprises (SMEs) to boost trade between the two countries, which has been skewed in favour of the Asian giant. So far, trade between Zimbabwe and India is $133 million. Last year, the figure was $132,37m. Indian ambassador to …
Healthcare e-Commerce portal Netmeds acquires Pluss
Healthcare e-Commerce portal Netmeds on November 24 said it has acquired Pluss, a mobile app for medicine deliveries in Delhi and Hyderabad, in an all-stock deal. Financial details of the deal were not disclosed. Pluss users can upload a photo of their prescription and have medicines delivered ho…
Ahead of the first ever Global Summit, TiE announces ‘StartUp Strides’
TiE, the leading network of entrepreneurs and investment professionals, is all set to organize their first ever Global run in India, ‘StartupStrides‘ on December 4, 2016 in Delhi. With an aim to get “million steps for entrepreneurship” StartupStrides is a run organised by …
The Mobile Wallet (TMW) partners with MatchMove to grow in digital payments
The Mobile Wallet (TMW), India’s first and leading payment solution has announced its partnership with MatchMove, Singapore’s fastest growing Fintech company and will be integrating MatchMove’s award-winning Wallet OS into the TMW app. This will allow TMW to further boost its functionality and us…
Global SME Summit: Ministry looking at making MSMEs globally competitive, says MSME DC
“India is a market that needs to reposition itself in the backdrop of challenges faced by the MSME sector due to globalisation 2.0,” said Surendra Nath Tripathi, Additional Secretary & Development Commissioner, Government of India while addressing the 13th Global SME Summit 2016 organised by …
Currency Switch Impact | Vegetable sellers, small traders come over to e-payment
Unable to undertake transaction in the absence of Rs 500 and Rs 1000 notes, some vegetable vendors and small traders have taken to using cashless means of payment like Paytm and card readers. Naresh Kumar, who owns a grocery shop in Greater Kailash, is availing online payment services to keep his…
Currency Switch Impact | Online health services see surge in traffic
Online healthcare consultation platforms have witnessed a “huge jump” in the number of visitors as cash crunch in the wake of demonetisation has diverted many people towards telemedicine. Delhi-based ‘Visit’, an on-demand healthcare service online platform, says, its daily…
Currency Switch Impact | Now, Demonetisation set to cost 400,000 jobs
Industry is staring at temporary job losses due to demonetisation, as production gets hit, especially in labour-intensive sectors like textiles, garments, leather and jewellery. As many as 4 lakh people, mostly daily wagers, may have either lost their jobs or shunned work temporarily due to the l…