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Online banking market size projected to reach USD 20.5 bln by 2026

The Paypers

Increased internet penetration among consumers and technology growth are the major factors expected to increase the online banking market size during the forecast period, has shown Valuates Reports.

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Amazon To Deliver Alcohol In West Bengal, India

PYMNTS

will soon enter West Bengal, India’s multi-billion dollar alcohol sales market, sources told Reuters. the state agency that manages liquor licenses, granted approval for Amazon to sell liquor online, the news service reported. India is one of the fastest growing eCommerce markets in the world. Amazon.com Inc.

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M&A, Bitcoin Trading Adds $8B In Market Cap To Square

PYMNTS

Shares of Square have risen almost 50 percent, adding about $8 billion in market value, since the company launched bitcoin trading last year for its Cash App customers. Square began its journey with in-person solutions, while Weebly began its journey online. Square’s gross payment volume could reach $409 billion in 2026, or 4.1

Bitcoin 101
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CurrencyFair Launches Cross-Border Collections Solution

PYMNTS

In addition to its new solution, the company signed a partnership with Chinese wholesale online marketplace, Buy-World, which connects Chinese suppliers with 2.3 The partnership will enable Buy-World to transition to a full-service online model, and outsource its global payment management to CurrencyFair.

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New India Tax Prompts Pushback By Amazon And Flipkart

PYMNTS

Amazon and Flipkart are pushing back against a proposed Indian tax on the online eCommerce market, saying it will stymie growth in the industry, according to a report by Reuters. . The proposed tax is a piece of a bigger plan by Indian Prime Minister Narendra Modi.

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Digital Payments Advance In India And Africa

PYMNTS

Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate. That market will grow at a 30 percent compound annual growth rate (CAGR) until then. “An

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Analysts Predicting A Big Year For eCommerce In 2017

PYMNTS

Going to be a good year for online retailers if analysts got their guess right. The study further noted that online retail sales growth has picked up just over 14 percent in the last year, and while there is expected to be some cooling there to 11.4 Omnichannel has changed the field some but also very much changed cost structures.

Retail 100