Flipkart's payment spinoff intensifies rivalry in India

Likes of Alibaba and Facebook keen on sector eyeing large number of untapped consumers

Indian e-commerce group Flipkart competes with Amazon and counts Walmart as a major investor. © Reuters

MOULISHREE SRIVASTAVA, KrASIAOctober 15, 2019 16:00 JST | India

BANGALORE -- Competition in India's digital payment sector is set to rise with Walmart's plan to spin off its local unit to raise funds.

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