Amazon loses Debit, All credit to Visa Debit
I might not be the brightest chum on the planet, but this I must point out, how Amazon is losing a lot of business, and I as a Indian customer, lot of product choices, many thanks to a bottle neck in the Visa system. It is the case of "darkness below the lamp itself" . Source of Problem: Visa Debit card holders are not allowed to make international payments. So Question arises, how big is this problem? Lets see, a few facts: 1998: Harinarayan and Rajaraman sell Junglee.com to Amazon at $ 250 Million. 2012: Amazon brings Junglee.com to India. 2013: Amazon.in starts its operations with books, movies and Kindle only. Not very amazing facts, are they? well that is what exactly I want to point out. Amazon has not been able to make its mark on India, whereas Flipkart has made a tight grab on tier 1 cities in India, at the very least. Lets see, a few more facts: 1. Visa Debit cards in India cannot be used to buy from Amazon.com 2. Visa Debit car