Paytm accepted major hospital chains in India

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Paytm announced that it has partnered with several hospital chains to expand its acceptance across the country’s healthcare sector to assist millions of consumers as they can now use its cashless payment solution to pay for their medical expenses in a quick and hassle-free manner.

The company’s new tie ups cover a wide range of outlets including pathology labs, diagnostic centers, pharmacies and hospitals like SRL, Thyrocare, Dr. Lal Pathlabs, 98.4, Dr. Batra’s, Fortis, Max and Apollo Group Hospitals currently accept Paytm as their preferred payment method. 

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India may face pressure to open up ecommerce sector

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India is likely to face pressure from developed countries to open up its ecommerce sector. G-20 has for the first time asked various countries, including India, their views on ecommerce.

In three issue notes circulated to the governments of member countries, the forum has asked for views on enhancing the readiness of countries to engage in digital trade, how the WTO can promote ecommerce and measuring the digital economy.

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UK eCommerce Sales Jumped 16% In 2016

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Last year was a good one for online retail sales in the U.K.

According to data from U.K. eRetail association Interactive Media in Retail Group (IMRG) and consulting firm Capgemini, online sales growth on smartphones for British eRetailers was up 47 percent in December.

In all, shoppers spent £133 billion ($164.57 billion) online last year, which was a 15.9 percent increase from £114.75 billion pounds in 2015. IMRG’s projections show that eCommerce sales will surge 14 percent this year, Internet Retailer reported.

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Bank apps, low merchant fee may impact E-wallets

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With banks replicating all that e-wallets offer, the battle appears to be that of David vs Goliath. “A bank's income is not hinged on its payment business. However, for most e-wallets, merchant commission from payments is likely to be their main source of income.

With Unified Payments Interface (UPI), banks now offer their own mobile payment options that have inter-operability and ubiquity through exhaustive list of merchant tie-ups. This resurgence of banks' mobile apps combined with a significant drop in MDR is likely to present a challenge to private e-wallets,“ said Lokvir Kapoor, CEO, Pine Labs.

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Top performing categories in cashless transactions

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Digital wallets, followed by online cabs, were the top performing categories for cashless transactions post demonetisation, a study said. 

Food ordering platforms and grocery were also popular for cashless transactions following government's demonetisation of high-value currency notes, which caused a cash shortage in November and December, according to the study by cashback platform CouponDunia. 

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