'83% consumers not happy with convenience fees they pay online'
Around 83% of consumers disapprove of paying convenience fees on online platforms, according to a survey by LocalCircles. The survey found that 84% of respondents want the government and public sector units to stop charging convenience fees and promote Digital India. The survey received over 32,000 responses from consumers across India. Key Points
Economic TimesIndian-origin store clerk shot dead in US
New York: A 36-year-old Indian-origin store clerk was shot dead during an apparent case of armed robbery in the US. Two juveniles were arrested, a media report said. Mandeep Singh, a clerk at the Wrens convenience store, was pronounced dead at the scene after being struck twice by gunfire on June 28 Key Points
The Tribune IndiaCircle K’s Deal Machine Kicks Into Higher Gear With 7-Eleven Bid
Alimentation Couche-Tard Inc.’s approach to the parent company of the 7-Eleven convenience store chain is the most ambitious idea yet by a company that was built on making one deal after another. Key Points
mintPaytm bank: ‘Disruption doesn’t mean banks becoming cowboys...'
India Business News: The article discusses the challenges and considerations faced by fintechs when they become banks. It emphasizes the need for a balance between customer convenience and regulatory compliance. The role of the Reserve Bank of India (RBI) in promoting innovation in payments is also highlighted. The article raises questions about allowing disruptive entities to establish banks and the impact of recent developments at Paytm. It mentions the risk associated with a few apps handling all UPI payments and the need for stress testing in the system. The article also addresses the actions taken by RBI against Paytm and the potential inconvenience caused to consumers. Key Points
Times Of IndiaDelhi Metro extends UPI payment facility across entire network
The Delhi Metro has extended the Unified Payments Interface (UPI) option for payments at ticket vending machines and counters across its network, streamlining ticketing services and providing a digital mode of travel. Passengers can recharge their smart cards or purchase metro QR tickets through UPI-supported mobile apps. Key Points
Economic Times
Fuel companies on 'convenience' drive to draw in buyers
Leading Indian fuel retailers are diversifying their businesses with non-fuel retail stores at EV charging and petrol filling stations. Providers including Adani Total and Bharat Petroleum are emerging with convenience stores, cafes, gaming zones, pharmacies and toy shops. Gaurav Marya, founder and chairman of Franchise India, has said that over 100,000 charging stations and petrol filling stations will emerge across the highways of India. Key Points
Economic Times