Following a recent revealing that Wal-Mart Stores INC. is in discussions with India's largest e-commerce company by sales Flipkart Ltd., Amazon is creating an identical push with the aim to create Amazon India's prime on-line store by sales prior to the Diwali looking season.
Flipkart, Amazon and therefore the “festival of lights”
Flipkart had earlier command discussions with Chinese e-commerce company JD.com Inc. for a potential investment many months agone however it did not lead to a deal. AN alliance with Wal-Mart would bolster its fight against Amazon and alternative Indian competitors, like opaque gem Infotech Pvt.'s Snapdeal.com.
Amazon is defrayment $5 billion, going to dominate e-commerce in Bharat. this may support its provision of eighty million merchandise purchasable, 120,000-plus merchants and over 24 warehouses.
This is significantly necessary in time for the Diwali looking season - or the "festival of lights" that is India's biggest retail event wherever Indians square measure expected to pay the maximum amount as $1.7 billion on-line this year, per RedSeer Consulting.
Good times for Bitcoin
The event, further because the competition between the 2 main e-commerce firms with a worldwide reach, is additionally a vital chance to push Bitcoin’s awareness and adoption within the world’s second largest country.
There has been a developing interest in Bitcoin by Indians recently. However, efforts by startups like Coinsecure aim to bridge the gap between Bitcoin users and merchants. Others square measure creating it easier for finish users to embrace Bitcoin use significantly for e-commerce.
Though vouchers don't seem to be out there for its users in a very few countries like Bharat and Singapore nonetheless, Zebpay is additionally sanctionative a number of its users to shop for gift cards of well-liked North American country merchants like Amazon with Bitcoins. These vouchers square measure all at 100 percent off as a special promotion for a restricted amount.
Purse, a web marketplace that encourages Bitcoin use, began by giving Amazon discounts however currently carries a lot of inventory than Amazon, eBay and Google looking, with lower costs. it's been serving to Amazon come through its goal by permitting Bitcoin users to receive discounts between fifteen and twenty second victimisation Purse’s “Name Your Discount” program.
Some specialists estimate that regarding fifty million folks, or four wheel drive of India's population, frequently retailers on-line, however believe the market can sometime bloom as China's did. Morgan Stanley predicts Indian on-line sales can hit $100 billion a year by 2020, up from $3 billion in 2013.
source : www.cointelegraph.com
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