Tag "Paytm"

Paytm partners ICICI Bank to launch short-term credit product

By : CIOL Writers

Paytm has partnered ICICI Bank to launch ‘Paytm-ICICI Bank Postpaid’, which is an interest-free, short-term digital credit product. This instant credit could be used for bill payments, movie tickets, flight and other purposes. Paytm-ICICI Bank Postpaid is a digital credit account

Paytm integrates BHIM UPI on its platform

By : CIOL Writers

Paytm has finally integrated the BHIM UPI app on its platform. “We are now targeting 200 million monthly users in less than two years. UPI will also allow larger ticket size transactions,” said Vijay Shekhar Sharma, founder One97 Communications. The development comes

Paytm launches in-app messaging feature ‘Inbox’

By : CIOL Writers

India’s largest digital wallet app Paytm has launched Paytm Inbox, a new offering by the company that lets you chat with your friends and family, and send/ request money at the same time. The new feature is available in the

Flipkart, Amazon, and Paytm gear up for their ‘BIG’ Sale events

By : CIOL Writers

It seems like Diwali season has come a bit earlier this year, as e-commerce companies are all geared up to unveil their exclusive deals and discounts to lure consumers to shop whole-heartedly this festive season. The three biggest e-tailers of

Paytm Payments Bank partners NPCI for RuPay-powered digital debit card

By : CIOL Writers

Paytm Payments Bank has partnered with the National Payments Corporation of India (NPCI) to launch a RuPay-powered digital debit card. Through the new digital debit card, customers will now be able to transact at all merchants who accept credit and

Paytm payments bank gets additional Rs 60cr through rights issue

By : CIOL Writers

The board of Paytm payments bank has approved a Rs 60 crore rights issue for its existing shareholders, including Paytm founder, Vijay Shekhar Sharma, the firm said in a regulatory filing. “…the consent of the board is hereby accorded to

Paytm looking to acquire deal discovery startups Little and Nearbuy

By : CIOL Writers

Paytm is in talks to acquire not one but two deal discovery startups namely Little and Nearbuy, according to various media reports. Citing people in the know of the things, the reports say that Paytm has already had early-stage discussions with

Paytm renames its postcard service as ‘Lifafa’

By : CIOL Writers

Earlier this month, Paytm launched a new feature called the Postcard service- a digital version of ‘shagun’ which enables users to go cashless during festive occasions. The company is now branding its Postcard service that allows instant sharing of money across the

Paytm may soon launch a messaging service to rival WhatsApp

By : CIOL Writers

Digital payments company, Paytm is gearing up to launch an in-app chat messenger to rival WhatsApp, according to a WSJ report. Paytm, which has over 225 million users on its wallet app, reportedly plans to introduce the messaging feature within the next two

Paytm joins hands with lottery firm AGTech Media to set up a gaming company

By : CIOL Writers

Paytm, the Indian electronic payment and e-commerce company run by One97 Communications has entered into a joint venture with Hong Kong-based lottery firm AGTech Media to set up a gaming company in India. AGTech Media is a wholly-owned subsidiary of AGTech

Amazon joins the fray with $70-$80mn bid to acquire FreeCharge

By : CIOL Writers

Joining the long list of potential buyers like Axis Bank, MobiKwik, Paytm, Bank of Baroda and Times Internet who have shown interest in buying FreeCharge, Amazon too has joined the fray with a $70-$80mn bid to acquire mobile wallet firm, according

Paytm introduces ‘digital gold’ as cashback on transactions

By : CIOL Writers

Paytm has introduced the feature of availing ‘digital gold’ as cashback on transactions. This means whether you are shopping online, paying utility bills or buying movie/travel tickets, you can earn pure gold kept for free in MMTC-PAMP’s secured lockers. Gold is the

Paytm invests in mobile loyalty firm MobiQuest

By : CIOL Writers

Paytm has decided to invest an undisclosed amount in Noida-based MobiQuest Mobile Technologies Pvt Ltd. MobiQuest, founded in 2008 by former FCS Software Solutions and Times Group’s BrandQuiver executives Vineet Narang and Sabina Kamal, works in targeted marketing using data

Paytm Mall delists 85K sellers for failing to meet quality standards

By : CIOL Writers

Paytm’s e-commerce arm, Paytm Mall has delisted over 85,000 sellers from its platform in a cleaning operation of sorts for failing to meet quality standards. The company that is gearing up to take stalwarts like Flipkart and Amazon in the Indian

Paytm acquires majority stake in online ticketing platform Insider.in

By : CIOL Writers

Digital payments startup Paytm has acquired a majority stake in Mumbai-based Insider.in, a ticketing platform of events company OML Entertainment, for an undisclosed sum. The acquisition will allow Paytm to integrate events listed on Insider.in on its app, giving a major boost to

Paytm Mall in talks to invest $200mn in BigBasket: Report

By : CIOL Writers

Alibaba-backed online marketplace Paytm Mall is in talks to invest $200 million in online grocery retailer BigBasket, reports Economic Times citing two persons in the know of things. Notably, BigBasket had also been in talks with e-commerce giant Amazon for a potential buyout

Paytm Mall launches industry-focused learning programme for college students

By : CIOL Writers

Paytm Mall, owned by Paytm Ecommerce Pvt. Ltd has launched a nation-wide programme- Campus Icon to offer industry-focused learning to college students. The six-week programme is not just aimed at skill enhancement but will also see Paytm Mall leadership mentoring students on

Amit Sinha, the VP of One97 Communications to be the COO of Paytm Mall

By : CIOL Writers

Paytm has appointed Amit Sinha as the COO of Paytm Mall, the e-commerce wing of Paytm. Amit Sinha, who is currently the vice-president looking after business and human resources at One97 Communications, will be responsible for overall operations, hiring, category management, and

Paytm payments bank launched, to offer zero-balance accounts

By : CIOL Writers

Paytm Payments Bank is now Live aiming to acquire 500 million customers in the next three years. The first physical branch of Paytm Payments Bank in Noida is part of the select first-phase roll out, offering accounts on an invite-only basis to

SoftBank closes first round of Vision Fund at $93 billion

By : CIOL Writers

SoftBank’s $100 billion investment fund has announced its first close at massive $93 billion from a slew of investors including  Apple, Qualcomm, UAE-based Mubadala Investment Company, Saudi Arabia’s PID public fund, Foxconn, and Foxconn-owned Sharp. The investment vehicle christened Vision fund will be headed by Rajeev