In no particular order, here are MediaNama’s top 10 stories of the week ended 26th February 2017 MediaNama would like to thank its sponsors: Indian Express, Bruce Clay, Google, Mint and E2E for their support. Update: BharatQR to be launched today with only card networks Update: Card network American Express is also part of BharatQR. The card networks also sent an FAQ about the payments on this system: – For any BharatQR transaction to be successfully completed there is authentication usingMPIN. This is in keeping with the norms prescribed by RBI. – The following banks are operationally ready to deploy BharatQR: Axis Bank, Bank of Baroda, Bank of India, Citi Union Bank, DCB, Karur Vysya Bank, HDFC Bank, ICICI Bank, IDBI Bank, RBL Bank, State Bank of India, Union Bank of India, Vijaya Bank and Yes Bank. Read it here How Gati dealt with plummeting Cash-on-Delivery ecommerce sales during demonetization “Yes, of course November we saw a pretty large dip in the volumes,” Dhruv Agarwal, Chief Strategy Officer of Gati Kintetsu during the company’s earnings conference call post announcing its results for the September to December quarter. This has typically been the strongest quarter for Gati, given increased ecommerce purchases during the festive season, but this year was different, because the Indian government unexpectedly removed the legal-tender status of Rs 500 and Rs 1000 notes, effectively rendering 83% of the cash in circulation in India worthless. This move is colloquially referred to as demonetization. Cash on delivery is a key…
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