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Company Insights
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PhonePe – Competitor Profile
PhonePe is one of the most widely adopted mobile wallet in India, with over 450 million users. The company was founded as a fintech startup in late 2015; by April 2016, PhonePe was operating as a subsidiary of online commerce platform Flipkart. With heavy financial backing from Flipkart, the mobile wallet service flourished. In 2020, US retail giant Walmart (the owner of Flipkart) decided to spin off PhonePe to operate as a separate entity (a process that was completed in...
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Company Insights
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Paytm – Competitor Profile
Paytm is the leading alternative payment solution in India. Owned by One97 Communications, it initially began its operations as a prepaid mobile and direct-to-home (DTH) recharge platform in India in 2010. In 2014, the company launched Paytm Wallet, which can now be used for both online and in-store payments. Funds can be loaded to the wallet via online banking, debit cards, and credit cards. Initially used only on Paytm’s own online marketplace for ecommerce and bill payments, the wallet is...
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Company Insights
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Visa – Enterprise Tech Ecosystem Series
Visa has been focusing on using technologies like AI, cybersecurity, blockchain, cloud, and big data to enhance operations and improve customer service. The annual ICT spending of Visa was estimated at $3.6 billion in 2022. A major share of this spending is earmarked for acquiring ICT services, software, and hardware from vendors. It is a global digital payment technology company catering to individual and commercial clients, financial institutions, government entities, and merchants. It facilitates global ecommerce through digital payments and...
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Company Insights
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Walmart Inc – Digital Transformation Strategies
Walmart Inc. (Walmart) has been focusing on using artificial intelligence, cloud, big data, and Internet of Things (IoT) to digitally transform its operations. The annual ICT spending of Walmart was estimated at $16.1 billion for 2022. A major share of this spending is earmarked for acquiring software, ICT services and hardware from vendors. Walmart is a retailer that operates grocery stores, supermarkets, hypermarkets, department and discount stores, and neighborhood markets. The company’s stores offer grocery and consumables, health and wellness,...
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Company Insights
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Life Insurance Corporation of India 2022 – Digital Transformation Strategies
Life Insurance Corporation of India (LIC) has been focusing on using artificial intelligence & machine learning, mobile technologies and cloud to digitally transform its operations. The annual ICT spending of LIC was estimated at $4.7 billion for 2021. A major share of this spending is earmarked for acquiring software, hardware and consulting services from vendors. LIC is a provider of life insurance plans. The company offers endowment plans, money back plans, term assurance plans, pension plans, unit-linked plans, group schemes,...
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Track & Monitor
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Smart Money Investing in the Financial Services Industry – Q1 2018: Tracking M&A, venture capital, and private equity investments globally
GlobalData’s "Smart Money Investing in the Financial Services Industry - Q1 2018", report provides detailed analysis of investment activities in financial services industry globally during the first quarter of 2018. The report provides comprehensive coverage of investment activities including mergers, acquisitions, asset transactions, venture financing and private equity, both in terms of deal value and volume. It also provides a global snapshot of investment trends in sectors including banking, payments, insurance and wealth management, and information on best practices followed...
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