Sector Category: Retail

4Articles

Indian retail industry is one of the most dynamic and fast-moving industries being the world’s fifth-largest global destination in the retail space

Indian retail industry is one of the most dynamic and fast-moving industries being the world’s fifth-largest global destination in the retail space. Retailers Association of India (RAI) has reported a growth of 15% in the retail sector compared to the pre-pandemic situation. Indian retail market is projected to grow from $690 billion to $2 trillion during…

The RBI has selected two entities Precision Biometric India Pvt. Ltd. and HDFC Bank for the test phase of the retail payments cohort under its regulatory sandbox

The Reserve Bank of India (RBI) has selected two entities Precision Biometric India Pvt. Ltd. and HDFC Bank (in partnership with Swedish firm Crunchfish AB)for the test phase of the retail payments cohort under its regulatory sandbox.  A regulatory sandbox allows financial services providers, innovators, regulators and customers to conduct field tests and collect data…

The future of open retail is taking shape in India, as the nation rolls out the Open Network for Digital Commerce (ONDC) in 100 cities this month

The future of open retail is taking shape in India, as the nation rolls out the Open Network for Digital Commerce (ONDC) in 100 cities this month. Spearheaded by Infosys founder Nandan Nilekani, ONDC is a non-profit designed to create a level-playing field in online commerce. It puts tens of millions of kirana stores on a more…

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