Reliance Communications has put the commercial launch of Facebook’s Free Basics on hold till it gets approval from sectoral regulator Telecom Regulatory Authority of India (TRAI).
Shuttle Services Suspended In Gurgaon
Regional Transport Authority (RTA) has suspended Shuttl and Ola’s Shuttle services in Gurgaon. According to RTA, hese companies have license to operate under the Stage Contract Act, thus thisdoes not allow them for intra city services which comes under Contract Carriage Act.
Tech Mahindra Enters Digital Payments Space
Tech Mahindra Ltd launched a contactless digital payment platform, named MoboMoney, which can be used to pay on a network of NFC enabled Merchant POS/NFC-enabled phone to provide a simple tap & pay experience to purchase goods.
Citrus Launches SplitPay
Citrus launches an automated marketplace payment solution, SplitPay. It will allow merchants charge commissions for different sellers, release payments to sellers and takes care of settlements to the merchant’s bank account.
Shopmatic Signs MoU With CAIT
In order to onboard Indian merchants, Shopmatic signed a MoU with CAIT to provide ecommerce platform, eLala, to around 6 crore merchants associated with Confederation of All India Traders. It will help merchants to develop their own web-store, list and also sell on the platform.
10 Startups To Pitch At The Wharton India Startup Competition
Wharton India Economic Forum will conduct the conference in India, for the first time ever, to mark 20th anniversary of the conference. The conference is scheduled for January 5, 2016 the at St. Regis Hotel, Phoenix Mills, Mumbai.