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IRCTC’s new tatkal rules you must know before your next confirmed train ticket booking: Know all FAQ's
Indian Railways will soon introduce e-Aadhaar authentication for Tatkal train ticket bookings. This aims to reduce fraud and increase transparency. The new system will require all users to authenticate via e-Aadhaar on the IRCTC portal. Tatkal bookings open one day before the journey. Passengers can book up to four tickets per PNR.
Flipkart secures NBFC licence from RBI, to begin lending from own books
Walmart-owned Flipkart has received a non-bank finance company (NBFC) licence from India’s central bank, allowing it to lend directly to customers and sellers on its platform for the first time. This enables Flipkart to offer loans independently rather than through partners, potentially boosting profitability. The e-commerce giant plans to start lending soon, pending internal approvals.
Startups leverage distribution chops to gain ground in general insurance
Startups are leveraging their distribution muscle to carve out a larger share of India’s underpenetrated general insurance market. A growing number of startups have secured or are applying for corporate agency licences, which allow them to partner with up to 27 insurers across life, general and health categories.
How Amazon Business is enabling MSMEs to be part of the $200 billion opportunity in B2B e-commerce
The platform is helping MSMEs navigate the challenges of procurement, which often feels like a maze due to multiple vendors, inconsistent pricing and lengthy processes.
Get out of credit card reward mirage: Why it’s not the reward earning rate but actual rupee conversion matters
Credit cards entice users with reward points, but the true value lies in the reward point conversion rate. Very often, people don't realize that even credit cards with high point values may have high redemption restrictions and hidden charges that diminish their actual monetary savings. Smart users should prioritize redemption flexibility and low associated fees over sheer point accumulation.
Amazon India board clears merger of logistics arm with marketplace entity
Amazon is merging its logistics arm, Amazon Transportation Services (ATS), with its primary marketplace entity, Amazon Seller Services, to streamline operations and reduce compliance requirements. The National Company Law Tribunal has granted interim clearance for the merger. While ATS saw a revenue increase, Amazon aims to simplify its organisational structure amidst slowing e-tail market growth in India.
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Flipkart‘s quick breather; Now hiring: AI leaders
Happy Tuesday! Flipkart is going slow on the expansion of its quick commerce service to control costs. This and more in today’s ETtech Morning Dispatch.
ET Explainer: Behind UPI-first digital payment apps’ latest plan to revamp their mobile wallet operations
Paytm CEO Vijay Shekhar Sharma said the company is close to regaining its mobile wallet business after losing it due to RBI’s shutdown of its payments bank. With wallets now supporting UPI, offering MDR revenue, and benefiting from relaxed KYC norms, fintechs are reviving interest in prepaid payment instruments.
This Akshaya Tritiya, know these great deals online, and make smart use of your credit card to get gold at lower rates
On the occasion of Akshaya Tritiya, many online platforms like JioFinance and Amazon Pay are offering attractive deals on digital gold purchases, including cashback and free gold. Users can also benefit from credit card rewards programs from HDFC and ICICI to further enhance savings on gold purchases through platforms like Myntra and Amazon. Read on to know how you can make the best of these deals
Amazon launches 'Buy for Me' feature to help customers shop from other brands
Amazon has rolled out "Buy for Me", a new feature, for a small group of US customers, which allows them to find and purchase certain products from other brands’ websites when those products are not available on Amazon.
Apple’s India pivot; Cloud, AI fuel Alphabet's gain
Apple is seeking to assemble all iPhones sold in the US in India by next year, the Financial Times reported. This and more in today’s ETtech Top 5.
Amazon infuses Rs 350 crore into India payments business amid growing competition
The move comes as rival Flipkart’s fintech app, Super.money, is actively seeking fresh funding. On January 13, ET reported that Flipkart is in advanced talks to lead a $35-40 million funding round for Super.money, which could potentially include external investors for the first time.
PhonePe rolls out UPI Circle for shared payments
PhonePe has introduced UPI Circle, enabling primary users to manage payments for dependents and trusted contacts without linked bank accounts. The feature allows dependents to make payments using their UPI ID while the primary user retains control over approvals, spending, and history. The company said that this aligns with its goal of democratising digital payments.
Get free airport lounge access for 3 months by doing this on your Amazon Pay ICICI Bank credit card
Free airport lounge on credit card: Amazon Pay ICICI Bank credit card holders can get this one time airport lounge access offer from July 1, 2025 to September 30, 2025 by fulfilling a spend based criteria from March 26, 2025 to June 25, 2025. Do note this is an complimentary access to a domestic airport lounge and not international.
PVR Inox inks strategic partnership with Amazon Pay
PVR Inox and Amazon Pay have joined forces to enhance payment options for moviegoers in India. Customers can now enjoy secure transactions using Amazon Pay's solutions including UPI, Amazon Pay Balance, and Amazon Pay Later. The partnership aims to provide a convenient and rewarding experience for cinema enthusiasts.
Amazon Pay India FY23 revenue growth remains flat at Rs 2,093 crore, losses down 13%
The company's net losses dipped 13% to Rs 1,499 crore in FY23, from Rs 1,740 crore in FY22, mostly driven by a reduction in expenses.
Amazon Pay counts on wallets to push payments business
With interoperability on its wallets and a shortcut on the home screen to aid in discoverability, will Amazon Pay manage to get its mojo back?
RBI imposes Rs 3.06 crore penalty on Amazon Pay (India) for violation of norms
The central bank, however, added the penalty is based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the Amazon Pay (India) with its customers.
Amazon workers called to strike across globe on Black Friday
A global call for strike action came from the Make Amazon Pay initiative, which listed industrial action planned in over 30 countries across the globe. Germany's Verdi union said work stoppages were planned at 10 fulfilment centres in that country.
Amazon Pay extends Smart Store Program for local merchants across Bharat
The Amazon Pay Smart Stores Program is expanding in multiple cities across India, including Tamil Nadu, Andhra Pradesh, Karnataka, and Telangana.
MakeMyTrip, Amazon Pay join hands for travel services
eading online travel firm MakeMyTrip India and Amazon Pay on Monday announced a long-term partnership to offer travel services, including flights, hotels, and bus bookings, to the latter's customers. Booking of bus services via Redbus is already live on Amazon.in and other travel services powered by MakeMyTrip will be going live over the next few months, the statement said.
Amazon Pay India's loss narrows by 18.8% in FY21
Revenue from operations rose 30% to Rs 1,716 crore in FY21 from Rs 1,315 crore, while expenses at Rs 3,295 crore was flat against Rs 3,234 crore the year before, the filings accessed by ET through business intelligence firm Tofler showed.
Amazon Pay gets a further Rs 225 crore from its parent
This takes the total fund infusion in Amazon Pay to Rs 450 crore so far this year as the Jeff Bezos-led e-commerce company continues to push its digital payments platform in India.
Amazon Pay lands a Rs 700 crore festival recharge from US parent
The fresh funding also marks Amazon’s second investment into Amazon Pay this year, after the company pumped in 1,355 crore in January. So far, the firm has raised a little over 5,000 crore since its inception in 2016 and has been making a couple of investments each year.
Amazon Pay gets Rs 450cr from its parent entity
This round takes the total funding that Amazon Pay received from its parent entity to more than Rs 3,000 crore.
Amazon Pay lines up offers for UPI users, RuPay cardholders
Amazon pumped in Rs 590 crore into Amazon Pay in September, as per the company’s latest filings with the Registrar of Companies.
Amazon Pay gets Rs 590 crore Diwali gift
Amazon Pay is expected to offer large cashbacks to customers during the upcoming sales, while also offering affordability products such as debit card EMI and cardless EMI.
Travelyaari, Amazon Pay in payment tie-up
Online bus ticket-booking platform Travelyaari has partnered with Amazon Pay to enable faster and seamless checkouts.
Airpay integrates with Amazon Pay
The partnership allows merchants to leverage Airpay’s single integration and start accepting ‘Amazon Pay’ instantly without any additional investment at their end.
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