Tag "Paytm"

Paytm unveils standalone marketplace app, Paytm Mall

Paytm E-commerce has announced the launch of its new Paytm Mall app on Android. The iOS app is also on the cards. Paytm Mall will offer a unique combination of the Mall and Bazaar concepts to Indian consumers listing over

MobiKwik to invest Rs 300cr to increase user base

By : CIOL Writers

Mobile wallet company MobiKwik is aiming for 150 million users by the year end from its current user base of 50 million. And to achieve this mark, the company has announced an investment of Rs 300 crores. The increase in

Paytm to invest 600cr to expand its QR code-based payment network

NEW DELHI, INDIA: Paytm said that it will invest over Rs 600cr to enable merchants across India for acceptance of digital payments using its QR code based payment solution. The company is investing in scaling up manpower, technology, and merchant

Paytm’s payments bank gets $32.5mn in fresh funding

By : CIOL Writers

Digital payments platform, Paytm that is all set to launch its payments bank service in Uttar Pradesh, this month has got another Rs 218 crore (or $32.5 million) cash infusion from Paytm CEO Vijay Shekhar Sharma, investing a sum of

Alibaba to lead $200mn investment in Paytm’s e-commerce business

By : CIOL Writers

Paytm E-Commerce Pvt. Ltd is close to raising 200 million in an investment round led by Chinese internet giant Alibaba Group Holding Ltd, according to an Economic Times report. Citing two people in the know of the deal that will

Tech and e-comm startups hail Budget 2017

By : CIOL Writers

Sensex closed at a high of 486 points after ‘Union Budget 2017’ which means it has got a nod from the investors as well. The budget 2017 has set the goals straight as India takes head-on the challenging global economic

Paytm is now a case study at Harvard Business School

By : CIOL Writers

Digital wallet platform Paytm has indeed come a long way since its beginnings as a recharge platform to a payments bank. And interestingly, the startup’s journey would now be part of a documented case study at the India Research Center,

Paytm introduces new features to make the app lighter and faster

By : CIOL Writers

Making most of the demonetization windfall, the mobile wallet startup Paytm currently garners 160 million users. However, amid this sudden growth, Paytm faced a moment of truth when rumors started floating on social media, that the m-wallets will stop working

Jasper Infotech invests Rs 390cr in FreeCharge

By : CIOL Writers

Jasper Infotech that also owns and operates online marketplace Snapdeal has invested around Rs 390 crore ($57 million) into FreeCharge, according to a report in The Economic Times quoting a filing submitted to the Registrar of Companies (RoC) in the

Paytm likely to launch the second payments bank in India, after Airtel

By : CIOL Writers

After Airtel Payments Bank, India’s first payment bank, Paytm is all geared up to bring the country’s second payments bank. Vijay Shekhar Sharma, founder and CEO of Paytm announced that Paytm Payments Bank has finally received launch approval from Reserve

Paytm will bring 5 million merchants to digital platform by 2017

By : CIOL Writers

In a bid to advance digital payments in 2017, the mobile payments startup, Paytm plans to bring five million merchants closer to cashless transaction mode. Announcing a plethora of new features to enhance security and increase usability both for consumers

Samsung Pay reportedly to launch in India in 2017

By : CIOL Writers

Demonetization of high currency notes has led to windfall gains for mobile wallet companies like Paytm, Mobikwik, Freecharge etc and to join the party, Samsung too could soon launch its Samsung Pay wallet services in India. As per the latest

PayU to launch two new services: Consumer credit and digital banking

By : CIOL Writers

Digital payments companies are having a golden run since PM Narendra Modi announced demonetization of high currency notes giving a major push towards a digital economy. So after a host of new services and initiatives from Paytm, Mobikwik, Freecharge etc,

Paytm launches ‘1212 Cashfree Festival’ to promote offline transactions

By : CIOL Writers

Paytm is leaving no stones unturned to ‘cash-in’ the ongoing cash crunch post demonetization. The latest in the long list of targeted moves is the ‘1212 Cashfree Festival‘, which the company is calling its first offline shopping festival. From 100

Paytm is integrating with IndiaStack for UPI and digital lockers

By : CIOL Writers

In a bid to offer improved experience to its customers and merchants, Paytm will be integrating its digital payments services with an open-stack platform- IndiaStack that offers technology infrastructure for the UPI, e-sign, digital lockers and electronic customer verification. “We

Paytm reportedly keen to merge wallet with payments bank

By : CIOL Writers

Digital payments service provider Paytm, is reportedly planning to merge its wallet service with the newly incorporated Paytm Payments Bank. According to an Economic Times report, One 97 Communications, the parent company of Paytm is awaiting regulatory approvals for the

CashnoCash’s ATM guide for Bangalore citizens

By : CIOL Writers

It’s been 24 days (to be exact) since PM Narendra Modi made the announcement of demonetization, and we can still see the after-effects of the move almost everywhere. Though it is still not clear when things will get back on

Paytm withdraws its in-app POS feature over security concerns

By : CIOL Writers

Just after a day of launching its in-app point-of-sale feature, Paytm has withdrawn the feature following security concerns raised by payment networks Visa and Mastercard. “Based on some suggestions from the industry, we have decided to add additional certifications and

Paytm launches app-based POS to bring more merchants on-board

By : CIOL Writers

Perhaps the biggest beneficiary of demonetization so far, Paytm has updated its app with Point-of-Sale (POS) capabilities. This means that merchants will now be able to accept all card payments including Rupay, Visa, MasterCard and Maestro through their Paytm app.

Paytm and Oxigen to help digitize cash transactions in rural India

By : CIOL Writers

In a bid to help 26 lakh women’s Self Help Groups (SHGs) of India with more than 3 crore members, the rural development ministry is tapping on Paytm and Oxigen Wallet to help digitize cash transactions in rural India. According