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Indian e-commerce website Flipkart adds prepaid Wallet feature

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Flipkart has added a prepaid Wallet feature to its e-commerce platform that allows shoppers to store money on the site and use it to purchase items, without having to reach for their credit card for each transaction, according to a MediaNama report . Flipkart, the first billion dollar Internet company from India, is by far the leading online store in the nation.Founded by former Amazon employees Sachin and Binny Bansal in 2007, it expects to increase its sales tenfold in the ongoing fiscal year to about $100 million by March 2012. It already offers shoppers the convenience of Cash on Delivery (CoD), using whichfor a small feethe shopper can choose to pay for purchases in cash when they have been delivered to their doorstep. This is in addition to the usual credit and debit card and net banking options that the service also offers to online shoppers. The newly launched Wallet aims to make online payments easier and more secure for customers by sparing them the hassle of fetching thei...
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12 startup founders discuss working on Christmas Day

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Well, it would seem a trifle rude to not begin proceedings with a warm Merry Christmas. But I must askwhat the hell are you doing reading this when you should be playing your new Nintendo 3DS, or guzzling that tenth mince pie of the day? But then, you will probably ask what the hell am I doing here writing this piece on the holiest of holy-days. My excuse? I love what I do, so its not like Im really working per seplus, I actually prepped much of it yesterday. And your excuse is likely along the lines of I love all things tech, why would I switch off just because my calendar says December 25? Fair point. Confucius once said: Choose a job you love, and you will never have to work a day in your life. Nice sentiments for sure, but theres still the issue of a healthy work/life balance to contend with even for startup founders. So I asked a handful of founders and CEOs whether they would be working on Christmas Day this year, or whether theyd treat themselves to a day off. I mean, it is a...
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Scotland seeks support from Westminster in its bid for .Scot top-level domain

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On Friday, we reported that London was to apply for a dedicated .London top-level domain to help promote the city. And now it seems that Scotland is seeking to get in on the act by securing its very own .Scot top-level domain (TLD). Back in June, ICANN paved the way for one of the biggest changes ever to the domain name system (DNS), by approving the option for brands and industries to apply for their own dedicated domain extensions. This means that we could soon be seeing the likes of .Pepsi, .CAR, .SPORTS or .BANK across the Web. In 2008, Scotnom Ltd, a private company, was established to help campaign for and operate a dotSCOT top level domain for Scotland, thus the not-for-profit dotSCOT was born. Its focus has been to give Scotland the best chance of obtaining the licence to operate the .Scot top-level domain. Its push to secure the top-level domain has received support in the form of Alex Neil, Cabinet Secretary for Infrastructure and Capital Investment at the Scottish Govern...
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