Walmart, the world's largest retailer, is significantly increasing its imports from India according to Reuters. The data, sourced from bill of lading figures provided by Import Yeti, indicates a notable shift in Walmart's sourcing patterns. The company shipped 25 percent of its U.S. imports from India between January and August...
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...