Paytm Launches Payments Bank, Aims To Acquire 500 Million Customers

Paytm Launches Payments Bank, Aims To Acquire 500 Million Customers

May 23,2017 , 08:45 AM IST | Business
Digital payments firm Paytm launched a niche payments bank on Tuesday, aiming to acquire 500 million customers in the next three years, the company said in a statement.
Paytm raises $1.4 bn funding from SoftBank

Paytm raises $1.4 bn funding from SoftBank

May 18,2017 , 11:07 PM IST | Business
Japanese conglomerate SoftBank has pumped in $1.4 billion (over Rs 9,079 crore) in Indian digital payments platform Paytm. 
Paytm To Start Payments Bank Operations From May 23

Paytm To Start Payments Bank Operations From May 23

May 18,2017 , 08:27 AM IST | Business
After May 23, the Paytm wallet will move to PPBL. In case consumers do not wish for that, they have to inform Paytm, which will in turn transfer the wallet balance to the consumer's bank account once such details are shared. Such communication will have to be made before May 23.
Paytm Sells Over 30 Kg Of 'Digital Gold' In Just Six Days

Paytm Sells Over 30 Kg Of 'Digital Gold' In Just Six Days

May 03,2017 , 10:16 AM IST | Business
 Alibaba-backed Paytm today said it has sold over 30 kgs of 'digital gold' in six days of launching the service in partnership with gold refiner, MMTC-PAMP.
Baahubali 2 to break record for fastest pre-booking of tickets on Paytm

Baahubali 2 to break record for fastest pre-booking of tickets on Paytm

Apr 22,2017 , 01:44 AM IST | Cinema
Paytm Movies is gearing up for the year’s most awaited and hyped movie - Bahubali 2: the Conclusion. The company has launched online-pre bookings for Baahubali 2 at more than 1500 screens today.
Paytm In Talks With SoftBank To Raise Up To $1.5 Billion, Says Report

Paytm In Talks With SoftBank To Raise Up To $1.5 Billion, Says Report

Apr 19,2017 , 12:37 PM IST | Business
Electronics payments provider Paytm is in talks with Japan's SoftBank Group to raise $1.2 billion to $1.5 billion in cash, making the latter one of the largest shareholders in the fintech start-up, Mint newspaper reported on Wednesday citing sources. The deal, which could increase Paytm's valuation to $7 billion to $9 billion, will see SoftBank buying some shares from existing Paytm investor SAIF
Here’s how you can save more money

Here’s how you can save more money

Apr 18,2017 , 11:15 PM IST | Hyderabad Tab
With the ill effects of demonetisation affecting us even months after its announcement, Indians are gearing up to save money in any way they can.
Digital payments: Amazon India bags RBI licence for mobile wallet

Digital payments: Amazon India bags RBI licence for mobile wallet

Apr 14,2017 , 09:24 AM IST | Business
Online marketplace Amazon India has secured a licence to operate pre-paid payment instrument (PPI) or mobile wallet in the country as it tries to compete more aggressively against rivals Snapdeal and Paytm.
Reliance Jio, Paytm apologise for using Modi’s photo in ads

Reliance Jio, Paytm apologise for using Modi’s photo in ads

Mar 12,2017 , 03:11 PM IST | Technology
Reliance Jio and Paytm have apologised for their "inadvertent mistake" in using Prime Minister Narendra Modi's photograph in their advertisements without permission, the government Friday informed Parliament.
Reliance Jio, Paytm apologise for using PM Modi’s photo in ads without permission

Reliance Jio, Paytm apologise for using PM Modi’s photo in ads without permission

Mar 12,2017 , 10:39 AM IST | Business
Reliance Jio and Paytm have apologised for their inadvertent mistake in using Prime Minister Narendra Modi's photograph in their advertisements without permission, the government Friday informed Parliament.
Social media backlash compelled Paytm to roll back top-up charges

Social media backlash compelled Paytm to roll back top-up charges

Mar 12,2017 , 10:18 AM IST | Business
China's Alibaba-backed Paytm today cited the outcry on social media as a reason for rolling back 2 per cent charge that it levied on money loaded in the wallet using credit cards.
A touching turn

A touching turn

Mar 11,2017 , 11:50 PM IST | Hans
There is no denying the fact that the recent demonetisation has boosted services of electronic payment networks such as Paytm, Visa, Maestro, Mastercard, Freecharge, etc in India. Also, the stress on digitisation of economy by the government, promotion of alternate payment methods like mwallets has made the electronic payment gateways and platforms perform extraordinarily well over the months.
State-backed rivals force India's e-payment firms to step up

State-backed rivals force India's e-payment firms to step up

Mar 10,2017 , 03:08 PM IST | Business
Electronic payment firms got a big boost when India abolished most of the country's banknotes last year, but rival state-sponsored e-payment services are forcing them to raise their game to hang on to their new customers.
Paytm takes back 2 per cent fee on wallet top-up via credit cards

Paytm takes back 2 per cent fee on wallet top-up via credit cards

Mar 10,2017 , 01:00 PM IST | Business
Paytm has withdrawn the 2 per cent fee on adding money to mobile wallets using credit cards, a merely two days after introducing the levy.
Reliance Capital sells stake in Paytm parent to Alibaba

Reliance Capital sells stake in Paytm parent to Alibaba

Mar 08,2017 , 09:21 AM IST | Business
Reliance Capital Ltd has sold a less than 1 percent stake in payments and e-commerce startup One97 Communications to Alibaba Group Holding for 2.75 billion rupees ($41.25 million), a source with direct knowledge of deal said on Tuesday.
Anil Ambani's Reliance Sells Paytm Stake To Alibaba For Rs. 275 Crore

Anil Ambani's Reliance Sells Paytm Stake To Alibaba For Rs. 275 Crore

Mar 07,2017 , 01:50 PM IST | Business
 Reliance Capital has sold its nearly 1 per cent stake in popular digital payments firm Paytm for Rs. 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm.
When Paytm chief brought live intense war among telecos

When Paytm chief brought live intense war among telecos

Mar 06,2017 , 10:01 AM IST | Business
Rivalry among telecom players was turned live by Paytm chief on Twitter when he sought more data from his service provider Airtel but ended up getting a better offer from Reliance Jio in bargain.