Many industry analysts expected that India’s digital rupee would launch on Amazon and Flipkart by now. However, the central bank’s blockchain currency project is still far from that. Here is the factual record of what the RBI’s CBDC pilot has achieved, who has joined it, and why no full retail launch has happened yet.
The Competition Commission of India (CCI) has conducted antitrust investigations, concluding that Amazon and Walmart’s Flipkart repeatedly violated local antitrust laws, while Samsung and Xiaomi colluded with them.
Google will acquire a minority stake in Walmart-backed Flipkart.
The Indian e-commerce marketplace Flipkart has launched a Unified Payments Interface (UPI) to expand its digital payment transaction offerings by adding an instant financial operations system popular in the South Asian country with an appropriate functional purpose.
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