Co-founder Marcus Tan says he is ‘excited about the growth ahead’ as years of investment in user experience begin to pay off

The deal aims to support Reliance Retail’s AI-first strategy for personalised shopping and discovery.

The platform will continue to run under its existing brand, platform and customer experience, with no immediate changes for users.

With the new platform, the retailer aims to better serve online shoppers in its home market.

It did not release the total amount of sellers in the country, but it said that the amount of new sellers joining has increased 200 percent year on year.

Mastercard has launched Wallet Services, a suite of software tools and services intended to help banks, fintechs and digital platforms add contactless payment functionality directly to their mobile applications.