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Amazon just cleared its biggest hurdle for payments in India

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Amazon can now operate its digital payments service in India after receiving a Prepaid Payment Instrument (PPI) license from the country’s federal bank. 

This marks the entry of Amazon in a highly competitive — and rapidly growing — mobile wallet landscape in India which is currently dominated by Paytm with 200 million users

Incidentally, Paytm is backed by Alibaba, Amazon’s biggest rival in Southeast Asia. 

There’s also PhonePe, an e-wallet launched by Flipkart (Amazon’s biggest rival in India) last September. PhonePe reportedly accounts for 5 percent of Flipkart’s transactions now, after receiving a push from India’s cash ban last November. Read more…

More about Business, Samsung Pay, Alibaba, Paytm, and Digital Payments
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Ms. A. C. Kennedy
My name is Ms A C Kennedy and I am a Health practitioner and Consultant by day and a serial blogger by night. I luv family, life and learning new things. I especially luv learning how to improve my business. I also luv helping and sharing my information with others. Don't forget to ask me anything!

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It's also getting a bunch of new features. The app now boasts more currency recognition, adding British pounds, US dollars, Canadian dollars, and Euros to its tally. Going beyond the color in a scene, it can also spot the color of specific objects, like clothes. Plus, it's no longer restricted to just short printed text, with handwriting recognition now part of its skill set. You can also customize the voice that it uses to speak its observations out loud, and set how fast it talks.

Finally, a musical light detector alerts you to the light in an environment with an audible tone -- Microsoft claims the tool will save users from having to touch a hot bulb or LED battery to check if it's on. Despite the big update, there's still no word on an Android launch.

Source: Microsoft

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