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Top 10 stories of the week: October 30th to 5th November 2017

In no particular order, here are MediaNama’s top 10 stories of the week ended 5th November 2017 MediaNama would like to thank its sponsors: Info Edge, PhonePe & E2E, for their support. Google Tez gets 7.5M users, over 30M transactions in five weeks Google Tez has reported over 7.5 million users and 30 million transactions in five weeks, since its launch on September 18th 2017, Caesar Sengupta, VP (Next Billion Users) at the company disclosed yesterday. Sengupta was referencing a recent MediaNama story, where we reported that UPI had 16.6 million transactions in August 2017 alone. Read it here Learnings from PayPal results: P2P payments, credit and acquisitions Global payments company PayPal reported 218 million active customer accounts for the quarter ended September 2017 (Q3-2017). This was an increase of 13.51% on a year-on-year (YoY) basis. The company added that the number of new active accounts was 8.2 million nearly an increase of 90% YoY in the quarter, from 4.4 million. Read it here Payments via PayPal to get more expensive tomorrow as it applies GST PayPal will be levying the Goods and Services Tax (GST) starting from tomorrow to any individual, merchant or entity in India, regardless whether it is a business or individual account. However, it needs to be pointed out that the GST of 18% will be levied only on the PayPal fee, not the purchase amount, the company said in its FAQs. Read it here UCWeb launches its mobile marketing platform UC Ads in India Alibaba…

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