India is reportedly preparing to propose a sweeping new bill banning all cryptocurrency use in the country, according to Reuters. The bill would criminalize possession, mining, issuance, trading, and transferring of any crypto asset, leaving crypto owners six months to liquidate their assets before facing penalties.
Google Pay and Alipay, which is run by the financial affiliate of Chinese ecommerce giant Alibaba, ranked second and third, respectively. Venmo was No. 7, likely because the app is available only in the US. More like this:. Report: US Mobile Payments Forecast 2021. Article: India extends cashless payments with e-RUPI launch.
Amazon is expanding its food delivery service in India. Amazon Food is rolling out to 62 new ZIP codes throughout Bangalore, the third-largest city in the country, per TechCrunch. Amazon Prime members can order free delivery from 2,500 restaurants across Bangalore, and nonmembers can order with a delivery surcharge of INR19 ($0.26). The UK’s Deliveroo recently began IPO filing procedures.
Reliance Jio Platforms operates ecommerce platform JioMart, as well as other services from music streaming to smartphones and payments. Facebook is likely looking to secure its position in India’s competitive and fast-growing ecommerce market, which is dominated by Amazon and Walmart-backed local player Flipkart.