Nov 14, 2019

India is the fastest-growing adopter of mobile payments

A billboard promoting e-payments in Mumbai. Photo: Indranil Mukherjee/AFP via Getty Images

Americans continue to rely on their credit cards, while the rest of the world rapidly moves toward mobile payments.

The big picture: China is the clear leader, with nearly half of the population paying for goods with their phones. But the fastest growth in the adoption of e-payments is happening in India.

By the numbers: "Digital transactions in India increased by 55% last year, compared with 48% in China and 23% in Indonesia," per Quartz. And India pulled 86% of its currency out of circulation in 2016.

Why it matters: By 2022, mobile payments from companies like Alipay, WeChat Pay and others are projected to account for nearly 50% of global e-commerce sales, Axios' Dion Rabouin reports.

  • Retail titans like Amazon, Walmart and Alibaba are pouring billions in investment into India, betting that as it moves away from a cash-based economy, it'll be the world's leading market for commerce.

Go deeper: The U.S. is out of step with the rest of the world on mobile payments

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India's citizenship bill continues Modi's Hindu nationalist offensive

Demonstrators and security personnel Dec. 12 in Guwahati. Photo: Biju Boro/AFP via Getty

India's parliament passed a bill this week that would link citizenship to religion for the first time in the country's history.

Why it matters: This is the latest in a series of steps by Prime Minister Narendra Modi that could "fuel the sentiment that Muslims are a kind of permanent underclass," says Milan Vaishnav of the Carnegie Endowment. "The damage that could do to the social fabric is potentially enormous."

Go deeperArrowDec 13, 2019

The death of the paper ticket for sporting events

Illustration: Aïda Amer/Axios

Over the last decade, tickets have transitioned out of the physical realm and, like so many other aspects of our lives, gone digital. Most are now purchased on and delivered to a mobile device, then scanned at the stadium.

Why it matters: Tickets were once mementos, collected like photographs and saved in scrapbooks. They are now barcodes on our phones — convenient as heck and impossible to lose yet, sadly, often forgotten about the moment they're scanned.

Go deeperArrowDec 10, 2019

Walmart's stock has almost doubled Amazon in 2019

Data: Money.net; Chart: Axios Visuals

Investors took profits on Walmart's stock after its stronger-than-expected earnings report Thursday, but the outlook remains bright as the world's largest retailer again showed growth in sales as it has in every quarter for five years straight.

The big picture: "A 41% gain in e-commerce sales, up from the second-quarter’s 37%, was especially notable," WSJ's Justin Lahart writes.

Go deeperArrowNov 15, 2019