Local retailers in Telangana take the lead in e-commerce transactions
The Hindu
Local retailers in Telangana lead e-commerce growth with 1100% increase in assisted transactions, per PayNearby data report.
Local retailers in Telangana are leading the way in e-commerce, experiencing a 1100% growth in assisted e-commerce transactions, according to a data report released by PayNearby, a branchless banking network.
The report, titled ‘Atmanirbhar Bharat Digital Empowerment,’ highlights the increasing acceptance of assisted financial and digital services at semi-urban and rural retail outlets, such as kirana, medical, and mobile recharge stores. The findings are based on transactions across over 12 lakh retail touchpoints nationwide, comparing data from the financial year 2023-2024.
The report reveals that Telangana and Uttar Pradesh are the top two States with the highest growth in e-commerce transactions. Additionally, the top five states excelling in overall financial and digital transactions are Assam, Madhya Pradesh, Gujarat, Maharashtra, and Rajasthan. The top five States showing the most significant growth in Aadhaar-Enabled Payment System (AEPS) transactions are Meghalaya, Nagaland, Jammu and Kashmir, Assam, Andaman and Nicobar. Additionally, the report indicates a strong shift towards digital payments with the transactions on UPI QR codes at retail outlets growing by 84%.
“Rural commerce is undergoing a significant shift with aspirational customers getting access to various products at a nearby store. At PayNearby, we are leveraging the Distribution-as-a-Service (DaaS) architecture so that tech-shy customers can embrace the e-commerce revolution,” said Anand Kumar Bajaj, MD & CEO, PayNearby.
Bombay High Court grants bail to Chetan Patil in Shivaji statue collapse case; sculptor Jaydeep Apte's plea pending.
Deadly rinderpest outbreak devastates Mudumalai Wildlife Sanctuary, highlighting the threat of diseases from domestic cattle to wild populations.
Suryanarkoil Mutt's history, traditions, and leadership succession explained in detail with references and comparisons to other Saivaite Mutts.
Upalokayukta takes action against officials for neglecting century-old Kelageri Tank in Dharwad, setting 20-day deadline for rejuvenation.
On World Fisheries Day, India launches projects for marine and inland aquaculture, aiming to transform the fisheries sector and blue economy.
Lokayukta police raid uncovers ₹26.6 crore in assets from government officials in Karnataka, leading to investigations and cases filed.
Court boycott by advocates in Tamil Nadu demands Advocates Protection Bill for safety, affecting litigants from remote villages.
Army faces allegations of harassment and torture in Kishtwar, Jammu; probe ordered, sparking concerns over human rights violations.
Karnataka’s software and services exports crossed ₹4.11 lakh crore during fiscal 2023-24 (March 2024) from ₹3.2 lakh crore a year ago, marking a 27% year-on-year growth, Minister for IT&BT, Priyank Kharge, said here on Thursday quoting Software Technology Parks of India (STPI) data.
Continuous rainfall in Thoothukudi has caused severe hardship for residents as rainwater has inundated several areas. Efforts to drain stagnant water in the city have been intensified
Indictment details Adani bribery scheme to secure solar power contracts, involving Adani Green Energy and Azure Power executives.