AMAZON SELLER SERVICES
India to see retail digital payments to double to $7 tn by 2030: Report
India is expected to double retail digital payments to USD 7 trillion by 2030, according to a study by Kearney and Amazon Pay. The report, 'How Urban India Pays', suggests that affluent consumers lead the way with the highest Degree of Digital Payment Usage (DDPU), using various modes of digital payment for 80% of their transactions. The study was based on an online survey of over 6,000 consumers and over 1,000 merchants across 120 cities.
Small businesses to launch over 3,200 new products on Amazon this Prime Day
A host of small businesses will be participating in the shopping event on Amazon on July 20 and 21 this year.
15 places to buy Amazon liquidation pallets in the USA
Discover reputable companies offering Amazon liquidation pallets with a wide range of products at competitive rates. From electronics to household essentials, these top 15 companies provide quality goods for wholesalers, retailers, and bargain hunters.
Amazon Pay India top up; GST summons for egaming firms
Amazon has pumped Rs 600 crore in its local fintech unit Amazon Pay India. This and more today’s ETtech Top 5.
Amazon tops up India payments business with Rs 600 crore
Amazon Pay India intensified competition with Paytm, PhonePe, and Google Pay, receiving a capital infusion of Rs 600 crore. The company invested Rs 950 crore in the platform and Amazon Seller Services, facing challenges due to RBI actions. With tie-ups for various services, Amazon Pay India reported significant operational revenue and narrowed net losses.
Ecommerce sellers count on cash-flow gains from GST cut
Recommendations by the GST council aim to benefit suppliers on online platforms and real money gaming firms through tax changes, including a reduction in tax collected at source for electronic commerce operators.
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Discover the Top 10 Best-Selling Watches of June (2024): Style, Features, and Value
The bestselling watches on Amazon encompass a diverse array of styles, brands, and functionalities, catering to varying tastes and needs. From classic analog timepieces to smartwatches with advanced health tracking features, these top sellers consistently earn high praise for their quality, design, and value. So, are you are looking for a watch? Discover the popular destination for best-selling watches with the latest trends and innovations in timekeeping.
Best-sellers ACs in India for Cool Summer Retreat (June 2024)
Are you looking for the best air conditioners on Amazon? If so, then continue reading this article where we have curated a list of the best-sellers ACs in India. These air conditioners are marked as best sellers by our favourite e-commerce website, Amazon. Go through the complete list, the details of the air conditioners and find the one that suits you best.
Best-seller Microwave Oven in India for efficient cooking in your modern kitchen
The article explores the best-selling microwaves available online, highlighting their popularity and key features. It discusses various brands and models renowned for their reliability, performance, and customer satisfaction. Each microwave is evaluated based on criteria such as cooking capacity, power levels, cooking presets, ease of use, and design. The article provides insights into why these microwaves stand out, catering to diverse consumer preferences from compact designs suitable for small spaces to larger models for family use.
Amazon to Lease over 1.1 mn sqft in Bengaluru
Sattva Group has built a new office tower at Sattva Horizon business park near the international airport. The 11-storey building will be able to accommodate more than 7,000 employees, and Amazon will be the sole occupant.
From phones to fries: Flipkart users may soon be able to order food via ONDC
Flipkart users may soon be able to order from various fast-food outlets and restaurants, such as Dominos and McDonalds, from Flipkart app. This development is noteworthy because the government started ONDC to counter the dominance of Amazon and Flipkart. Recently several top Flipkart executives met ONDC officials for the integration.
Amazon India gets funds; IT margins hit
Amazon has ploughed fresh funds in its Indian marketplace entity. This and more in today’s ETtech Top 5.
Flipkart Singapore parent infuses Rs 1,421 crore in marketplace arm
The new funding comes as the Bengaluru-based etailer presses ahead with plans to launch its quick-commerce service.
IT hiring shows signs of life; Amazon seller Appario sold
After an extended lull, major IT companies are showing signs of increased hiring activity — the first such rise in 20 months. This and more in today’s ETtech Top 5.
Amazon India’s largest seller Appario sold to Clicktech
Clicktech acquires Appario, Amazon's top seller, as Amazon divests stakes to comply with ecommerce norms. Appario becomes Clicktech's owned subsidiary, part of Amazon's strategy to expand product offerings on the marketplace.
Chinese TikTok sellers complain of under-fire platform tightening US rule enforcement
Chinese-owned TikTok, which faces the threat of having to divest its US operations or be banned, has in recent weeks taken a harder stance toward enforcing its internal rules, according to five Chinese vendors on the site and an industry association that represents 3,000 Chinese stores selling products online.
Amazon India to revise seller fees from April 7
Prices may rise for beauty, personal care products as marketplace major revises charges for merchants
Amazon India to revise seller fees from April 7
Amazon India adjusts fee structures on April 7, impacting various categories with revised fees tied to product prices. Changes encompass shipping, referrals, and tech costs, significant for revenue in the ecommerce sector.
Amazon pumps in Rs 830 crore in its India marketplace entity
On January 19, the firm invested Rs 350 crore in the entity that runs its fintech unit Amazon Pay. With this, Amazon's investment in its India entities this year have already crossed Rs 1,000 crore.
Satya Nadella interview; Zomato's restaurant onboarding push
Artificial Intelligence will not only help solve India’s unique structural challenges and help increase productivity and societal benefits, but those solutions for India may turn out to be relevant for the rest of the world as well, Nadella told ET.
Ram temple sweets sale: Amazon gets consumer watchdog notice for deceptive practice
The action is being taken against Amazon following a complaint from the Confederation of All India Traders (CAIT), which has alleged that the marketplace is engaging in deceptive trade practices, with one of its sellers exploiting “religious sentiments for commercial gains.”
Amazon India’s logistics unit sees revenue fall marginally to Rs 4,543 crore
Amazon Transportation Services' financial numbers are in line with a deceleration seen in Amazon’s other India businesses during the last fiscal, as the Seattle-based parent is pulling back on cash burn across the board.
Amazon asks judge to dismiss FTC lawsuit, says no consumer harm shown
The FTC lawsuit was one of four that the Trump and Biden administrations have filed since 2020 against the companies that dominate the internet. The Biden team has primarily focused on ordinary consumer items like housing, food and airline tickets.
Amazon top seller Appario’s revenue dips 8% in FY23
Appario Retail reported a marginal rise in profit for FY23 at Rs 84 crore against Rs 82 crore in FY22, according to its regulatory filings with the registrar of companies sourced from business intelligence platform Tofler.
Amazon seller services net loss widens 33% in FY23
Amazon Seller Services earns revenue from third-party seller services, subscription services, including Amazon Prime, and other marketplace-related services, including advertising revenue and marketing support services to related parties.
Great Indian Festival created 750 crorepati sellers, 40,000 sellers had largest single day sales: Amazon India
The e-commerce giant says it has learnt from its previous sales and understands the customer needs better now. It has also made things easier for sellers to help them meet customer needs. These things catapulted this year’s sale.
Amazon slashes Indian export programme fees ahead of festive sales globally
Indian exporters have listed over 50,000 new products on international Amazon websites ahead of the festive season sales from November 17 to November 27, which includes Thanksgiving on November 23, Black Friday on November 24, and Cyber Monday on November 27.
Amazon local revenues enough to fund India investments; on track for profitability: Amit Agarwal
Agarwal’s remarks follow Amazon’s commitment to raise its investments in India to $26 billion by 2030, announced by chief executive Andy Jassy after his meeting with Prime Minister Narendra Modi in June.
Amazon extends warehousing infrastructure to sellers outside its platform
Amazon on Thursday announced the launch of a new product, Multichannel Fulfillment, which will enable sellers to run their online businesses by accessing its fulfilment infrastructure, even if they are not on the ecommerce platform.
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