In a bid to mark its presence in the digital wallet services, Amazon India has applied for a semi-closed wallet license. The company reportedly filed for a wallet license through its subsidiary, Amazon Online Distribution Services.
Important Developments Of The Week
MobiKwik Goes Hyperlocal
MobiKwik ventured into the hyperlocal space with the launch of its new feature ‘Explore Nearby’. The feature is available on MobiKwik app and enables discovery of neighbourhood stores, restaurants, cafes, etc. that accept wallet payments.
Practo Launches Operations In Brazil
Practo launched its services in Brazil, making it its sixth international foray. The startup will start with São Paulo and will introduce Practo Search and Practo Ray to the Brazilian market. Both the platforms will be available in Portuguese and English.
Government Seeks TRAI’s Recommendations On Net Neutrality
The Indian government has asked TRAI to submit recommendations on net neutrality, in order to finalise its official policy. TRAI’s recommendations along with the report of the telecom department (DoT) committee on net neutrality will form the basis of the government’s final policy.
Barclays And 91Springboard Brings Rise To India
Rise is a platform that will provide network of physical spaces and a virtual community, designed to bring together the world’s brightest thinkers & doers to create the future of financial technology. It will allow people from different geographies to interact with each other, while 91springboard will give the Rise network an instant access to the Barclay’s startup community.
Exotel Launches Research Division
Exotel launched a research division called Exotel Labs to spur innovation in the voice space. Exotel Labs will have a team of researchers specializing in machine learning, data mining and signal processing.