India Post announces full-fledged entry into e-commerce
“”We have simplified decision-making process at Department of Posts (DoP) by setting up a separate parcel directorate. It can make quick decision on parcel rates and related provisions. India Post will leverage its vast network for e-commerce services for doorstep delivery of products,”, Communications Minister Manoj Sinha.
The Reserve Bank of India (RBI) in April issued a new regulation, which came into effect from October 16, requiring payments companies to store all information about transactions involving Indians solely on computers in the country.
Mastercard said all new Indian transaction data is being stored at its technology centre in Pune as of October 6, as required by the RBI directive on data localisation.
Amazon, Flipkart and Paytm Mall were the top three brands in terms of ad spends on digital medium.
