Payments

The new funding is expected to double Bharat Pe’s valuation to USD 500 million.

Currently, merchants have to offer different codes for each payment service.

The company also announced a partnership with ’s biggest pawnshop Pegadaian.

The bi-annual internet report published by the Chinese government provides insights of various internet sectors’ current developments.

The three e-wallet platforms will distribute a total of MYR 450 million to encourage cashless transactions

Alibaba’s Alipay is among the investors.

Ant Financial’s Alipay is valued at over USD 150 billion and is now expanding quickly outside of China.

Currently, the service is present in 10 states which will soon be available pan India.