Wednesday, April 24, 2024
Outlook.com
Outlook India
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Competition

Previously, Google announced their policy to expand the mandatory in-app purchase and 30 per cent commission fee that were previously only applicable to games to other digital content areas such as webtoons, music and e-books

This move is expected to provide competition to Google, which currently dominates the Indian app store market with over 97 per cent market share

With a valuation of $6.5 billion, Cred aims to compete with major UPI players like PhonePe and Google Pay, while navigating challenges such as losses and increasing its revenue

The e-commerce enabler, which recently partnered with the India Post, aims to set up a new model with post offices in rural areas to tack them back into e-commerce

The integration comes after the National Restaurant Association of India (NRAI) urged its members to log out of the Dineout app, citing deep-discounting issues

WhiteHat Jr contributed 26.73 per cent to BYJU’S total loss of Rs 1,118.25 crore in the financial year 2021