U.K. headquartered HSBC Holdings plc HSBC, is exploring a re-entry of onshore private banking in India (which it exited in 2015), where the ranks of the super rich are growing fast, and record high stock markets have created a string of billion-dollar start-ups. Spearheaded by Group CEO Noel Quinn, HSBC...
Walmart's Acquired Digital Payment Business in India Flourishes
In 2018, Walmart Inc. paid $16 billion for control of India’s e-commerce company, Flipkart Online Services, and as part of the deal it got a little-noticed digital payment subsidiary called PhonePe (pronounced "phone pay" and meaning "on the phone" in Hindi). Currently, the business is one of India’s leading digital...