Walmart’s India e-commerce app Flipkart will spinoff its payments platform PhonePe as it battles for market share against Google and Paytm. The Indian e-commerce company’s payments platform will raise $700 million from its existing shareholders, giving PhonePe a valuation of $5.5 billion. Amazon and Facebook are also eyeing India’s fast-growing digital payments market, as e-commerce grows...
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Will Apple Kill the Free Podcast?: The Information’s Tech Briefing

The podcasting industry as we know it is about to change. Plans by Apple to launch a subscription service for podcasts, as The Information reported today, portends a shift to a much more balkanized podcasting world. Instead of shows being broadly available for free on a variety of outlets, in the future podcasts will be attached exclusively for a price to specific outlets. It’s not only...
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