Category: Featured News

Companies have invested in India’s leading mobile commerce organization, Paytm

Alibaba and its affiliate Ant Financial Services have made an investment in Paytm, a prominent mobile commerce company based in India. The two companies have invested $680 million in Paytm, which will provide the firm with the financial support it needs to continue expanding its services in India. Alibaba continues to show strong interest in mobile commerce in other countries and has become one of the major competitors in the mobile payments market in Asia.

Investments will help Paytm expand its services in order to better engage consumers

The investment will help Paytm scale up and continue developing is mobile commerce ecosystem. Some of the funds will go toward marketing the company’s services, developing new payment technologies, and hiring additional staff. Earlier this year, Paytm also received an investment from Alipay, which is Alibaba’s mobile commerce unit operated by Ant Financial Services. The amount invested by Alipay was undisclosed, but provided significant support to Paytm.

India is becoming a very attractive mobile commerce market

Daniel Zhang, CEO of Alibaba, notes that India has become a very promising mobile commerce market. E-commerce has thrived in the country and more consumers are beginning to use their smartphones in order to shop online. Smartphone adoption has accelerated, which has furthered the exposure of consumers to the concept of mobile commerce, which many have fallen in love with. Shopping with a mobile device often represents a more convenient way for consumers to get their shopping done, especially for those that have long commutes.

Companies are showing strong interest in India’s mobile market

Several foreign companies have begun showing interest in India’s mobile commerce space. These companies are showing support for various mobile payments firms in the country, which is increasing the competition in the market. With increases competition, firms are beginning to feel pressure to provide better mobile commerce services to consumers. They are also seeking to form better partnerships with financial service firms in India and banks that have also taken an interest in the mobile space.

The explosive growth of telecom and weak infrastructure are posing a threat to Modi’s plan to connect rural and urban India.

Mobile technology has been taking off in India with a vengeance, but the dream that Prime Minister Narendra Modi has been aiming to realize – to bring steady connections to urban and rural regions of the country – could be threatened due to a number of common struggles.

Almost one billion people in India have connected to the country’s cell phone services over the last ten years.

This has been a part of the mobile technology revolution that has been occurring in the country. It has brought India to the point that they are the second largest market in the world for wireless phones. However, a recent combination of rapid growth and the poor wireless infrastructure has also meant that the hopes the country has had to expand its mobile network reach has become exceptionally difficult and frustrating to device users.

The current mobile technology situation in the country has earned it the nickname of the “call-drop nation”.

The regularly dropped calls is currently affecting people in all social statuses and income levels. The help line run by the government in order to allow for consumers across the country to register complaints has now reported that dropped calls are among the leading grievances that have been registered over the summer. It has become national headline news and has even led to the creation of a popular social media hashtag campaign called #NoCallDrops.

Though this problem has been growing steadily worse as mobile connections have been getting worse, the issue has been catapulted into the spotlight over the last few weeks after dozens of cell towers in the country’s capital were deemed invalid by the municipal corporation. This brought the three largest mobile device makers in India before a parliamentary committee in the hopes of discovering a solution to this widespread issue. Modi has called to his officials to repair this problem.

According to mobile technology consultant Prasanto K Roy, “India’s mobile network is under tremendous stress,” adding that “if we fail to address mobile connectivity problems, it will directly hit the government’s Digital India initiative.”