The acquisition will help One97 Communications, which operates the Paytm brand, in further enhancing its user and merchant interfaces
Most don't see their business getting impacted by the entry of mobile payments giant
Paytm Money - which will be offering direct plans, and not regular plans - has led to quite a bit of excitement within the 42-player MF industry
Indications of entering Europe were given last year by Vijay Shekhar Sharma, founder of One97 Communications, when he launched in Canada
The RBI in April said payments data should be stored "only in India" within six months for "safety and security"
In April, Paytm Mall had closed $445 million funding round from SoftBank Investment Holdings and Alibaba.com Singapore E-commerce.
With this acquisition, Paytm hopes to take on major players such as BookMyShow.
Paytm said there is no upper or lower limit to the number of payments or amount that can be transferred under the 'My Payments' feature.
Paytm has moved from being a wallet to a full stack payments provider by offering multi-source and multi destination solutions
Google's parent company, Alphabet, is ranked seventh in the "Top Companies" list by the professional social network site
The firm, owned by One97 Communications, is also providing the option to transact offline with a physical debit card
Says Paytm's high transaction volumes of low value indicative of discount heavy growth strategy
The Paytm platform will house a microsite featuring Singapore's new, inside-out, unified brand 'Passion Made Possible'
The fintech major has not made any announcements on who would be heading these companies as of now
An ESOP is a benefit plan to enable employees to acquire shares in the company
Around 10 million transactions are done on the Paytm platform every day
Paytm over a year has made investments for further expansion of its various services
Rivals Amazon, Flipkart are pouring in billions of dollars to boost market share
Founder Vijay Shekhar Sharma said its platform processes about 250 crore transactions annually worth of Rs 80,000 crore
The statement from the company came a day before one year of demonetisation anniversary, which happened on November 8, 2016 and gave boost to India's digital payment sector