Tuesday, December 10, 2019

Autos to tea stalls: UPI makes inroads

Given the low payments infrastructure cost, UPI is bridging the gap between organised retail and small merchants, which is resulting in shrinking of the average transaction size https://ift.tt/2YADyl3 https://ift.tt/eA8V8J
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Chinese food delivery giant Meituan reports Q3 revenue up 22.4% YoY to $12.9B, net profit up 3x YoY to $1.78B, and core delivery business up 20.2% YoY to $9.57B (Casey Hall/Reuters)

Casey Hall / Reuters : Chinese food delivery giant Meituan reports Q3 revenue up 22.4% YoY to $12.9B, net profit up 3x YoY to $1.78B, and...