Online Platform

Majority say they will stop using UPI if transaction fee levied: Survey

Around 75 per cent UPI users will stop using it if any transaction charge is levied on the service, a survey by Localcircles said on Sunday. The survey found that 38 per cent of users make over 50 per cent of their payment transactions via UPI instead of debit, credit or any other form of digital transaction. "Only 22 per cent UPI users surveyed are willing to bear a transaction fee on payments, 75 per cent of respondents stated that they will stop using UPI if a transaction fee is introduced," the survey said. The survey comprising three broad areas claims to have received 42,000 responses from 308 districts but the number of replies on each question varied. The questions regarding transaction fee on UPI received 15,598 responses. The National Payments Corporation of India (NPCI) posted a record 57 per cent rise in the volume of transactions and 44 per cent rise in value in the 2023-24 fiscal year, compared to the previous fiscal year. For the first time UPI transactions crossed

Centre asks platform aggregators to register workers on e-Shram portal

Registration on the e-Shram portal is essential for workers to benefit from various social welfare programmes, said Union Ministry of Labour & Employment

India, EU to host conference to discuss threats in online radicalisation

The two-day EU-India Track 1.5 Conference in New Delhi will bring together experts, policymakers, academia

After getting out of hand during Covid, subscription boom faces big test

A majority of US adults surveyed in March said they pay too much for subscriptions

Top 5 OTT releases of this week: Modern Masters to Batman, check list below

Get ready for another power-packed week as many high-octane OTT shows and movies are about to hit different platforms. Check out the top releases of this week

Pune University introduces online portal for academic certificate

A streamlined online portal for obtaining academic certificates has been launched by Savitribai Phule Pune University with the intention of enhancing student convenience and efficiency

Digital Competition Bill may impact user experience on online platforms

As many as thirteen platforms, including Zomato, Swiggy, Paytm, IRCTC, Makemytrip, Flipkart, JioSaavn, Pharmeasy, and others, would come under the purview of the Digital Competition Bill

Quick-commerce firm Zepto raises $665 mn in funding, valued at $3.6 bn

Series F round comes as Mumbai-based startup aims to become profitable before launching IPO

BHIM to challenge Google Pay, PhonePe e-commerce dominance through ONDC

BHIM will expand its presence in e-commerce by offering a diverse range of products and services, including food and beverages, groceries, fashion, and apparel to its user base

Govt should create centralised authority for gig workers, says report

The report consulted with 10 platforms having nearly 4.5 million workers and a total revenue of Rs 56,400 crore along with two workforce providing platforms

Tata Group, Uber in talks for partnership to drive digital engagement

Tata Neu has faced challenges with stagnant user growth and low customer engagement and may be looking to collaborate with Uber to boost traffic volumes

Coming soon: Integrated e-platform for agricultural sector in Rajasthan

"If this comes out the way the CM is saying, I feel farmers will benefit a lot as everything related to agriculture would be under one place," said Ajay Meena, a farmer from Shivdaspura area

Games24x7 thrives amid new GST, explores innovative business models: CEO

'Despite GST, 2023 was best year for our fantasy sports, rummy platforms,' says Games24x7 CEO

ED makes two fresh arrests in Mahadev betting app money laundering case

The Enforcement Directorate has arrested two more persons in connection with its money laundering investigation into the Mahadev online betting and gaming app case, officials said on Saturday. Nitin Tibrewal and Amit Agrawal were taken into custody under various sections of the Prevention of Money Laundering Act (PMLA) and produced before a special court in Raipur on Friday, ED lawyer Saurabh Pandey said. The court sent them to ED custody till January 17, he said. Tibrewal is alleged to be a "close associate" of an accused in the case, Vikash Chapparia. He is alleged to have purchased some "undisclosed" properties in Dubai and a majority shareholder in an FPI company in which Chapparia is also a shareholder, ED sources said. The agency suspects these assets were bought using the "proceeds of crime" generated from the profits of Mahadev app. Amit Agrawal, the sources said, is a relative of another accused in the case, Anil Kumar Agrawal. Amit Agrawal is alleged to have received M

Zoomcar to turn profitable for the full year in 2024: CEO Greg Moran

Car sharing platform gets 90% of its business in India, went public last week

Online platforms may need to delete data of users inactive for 3yrs

New Digital Personal Data Protection Rules proposed by the government may require online platforms, including e-commerce, gaming, and social media, to permanently delete data of inactive users

ONDC, Meta partner to empower small biz, upskill 500k MSMEs in next 2 yrs

The Meta Small Business Academy offers entrepreneurs and marketers a certification in digital marketing skills to grow on the Meta apps

Ride-hailing firm Uber rolls out rewards for drivers to avoid cancellations

By rewarding drivers with good customer rating (above 4.8) and low trip cancellations, this program aims to elevate overall platform experience for riders and drivers alike

Flavours of ICC Cricket World Cup final on apps: Food and flowers

Quick delivery platforms cater to demand surge, from pizza and burgers to coconuts and flowers for worship

IGP enters Dubai market, expects Rs 80 crore revenue in 1.5 years

Online gifting platform IGP on Friday announced a foray into the Dubai market from where it expects to generate a revenue of USD 10 million, (Rs 80 crore) in the first 1.5 years, the company said on Friday. The company claims to have an annual revenue of USD 40 million, or about Rs 320 crore. "I am thrilled to announce our foray into the vibrant market of UAE. With an investment of USD 10 million and a dedicated team of over 100 professionals, we are set to transform gifting experiences in the region," IGP Founder and CEO, Tarun Joshi said in a statement. IGP is a global brand, our goal is to become the ultimate destination for flowers, cakes, and gifts, enriching the lives of millions in the UAE and, in the long term, across the entire Middle East," he said. The company has set up a warehouse of over 20,000 sq ft in Dubai. Joshi said he expects to generate revenue of USD 10 million in Dubai over a period of 18 months.