Flipkart.com to Launch its own Payment Gateway and Marketplace like eBay ?

India’s biggest eCommerce company Flipkart.com  is planning to launch its own payment gateway and a market place.

Techcircle  had reported last month that Flipkart has already registered 2 companies in India, Flipkart Marketplace Pvt Ltd and Flipkart Payment Gateway Services Pvt Ltd. While Flipkart Payment Gateway Services was approved on August 31, 2012, Flipkart Marketplace was approved just last week, on September 12.

Its interesting to see the how Payment space in India is hotting up with number of new players looking to enter this space. With eCommerce gaining momentum in India, payments will play an important role. Some of the other payment gateways in this space are CCAvenue,EBS (now Ogone),Payu,Techprocess to name a few. A full list of payment gateways can be found here.

Paypal has already received approval for launching Domestic payments in India, as reported by Medianama .

Flipkart is also all set to launch its own online marketplace business. And for those not familiar with the business model an online marketplace basically allows brands and/or retailers (offline) to create their own e-commerce stores using the company’s portal, like eBay.

Some of the top eCommerce companies like Infebeam, Tradus, Snapdeal have already started offering Marketplace model to brands.

As of now, Flipkart has not officially spoken about its plans.

You Might Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>