Page 28 - Paytm

Paytm parent One97 set to raise over $1.8 billion from SoftBank: report

REUTERS - One97 Communications, owner of electronics payments provider Paytm, is set to raise more than 120 billion rupees ($1.87 billion) from Japan's SoftBank Group <9984.T>, the Economic Times reported on Friday citing sources.

Paytm to raise Rs 12,000 crore from Softbank in largest e-commerce funding

The funding, expected to materialise in 3 weeks, to help push firm's banking and finance investments

Buy gold for Re 1: Paytm launches gold sale vertical

There are not many things that can be bought for a rupee, a candy may be. But, what if you could buy some gold with that rupee? Alibaba-backed online marketplace company Paytm, in tieup with MMTC's Swiss venture PAMP SA, is making it possible in a first such initiative anywhere in the world. Paytm on Thursday announced the launch of 'Digital Gold', a vertical to allow its 200 million plus users to buy, store and sell gold instantly. Founder and CEO Vijay Shekhar Sharma referred to the new offering as a wealth management product that would be a part of its proposed payments bank, that was still awaiting a final nod from the Reserve Bank of India. "Customers can now buy and sell international quality gold at market-linked prices instantly for as low as Re 1 using their Paytm wallets. If a user wants to sell the gold, MMTC-PAMP will buy the gold back and the money will be transferred to his bank account," Sharma said.While the purchased gold can be stored in MMTC-PAMP's secure vaults ...

Paytm to pump in Rs 10,000 cr into banking, financial services

Airtel & India Post Payments Bank are the only ones to have begun payments bank operations so far

Consumers can now buy 'digital gold' using Paytm, for as low as Re 1

This will enable long-term wealth creation

Paytm unveils food wallet to whet corporate appetite

The 'food wallet' will be available in the Paytm app

Paytm enters health care with investment in start-up QorQl

QorQl plans to use artificial intelligence and Big Data to improve productivity

Paytm to become member of ASCI

It will be the first e-commerce major to take advertising regulatory body's membership

Paytm partners Booking.Com, to invest Rs 300 cr in travel segment

All accommodations available on Booking.Com will now be available on Paytm

Paytm wants a large pie of online travel market

Payment wallet Paytm is preparing for a journey to numero uno spot in the online travel space

Paytm begins insurance for mobile wallets

Online marketplace major Paytm has said it would provide insurance cover for the money stored in its e-wallets. Money lost due to fraudulent transactions as a result of theft, burglary, loss of device or unauthorised access to the user's Paytm wallet will be refunded. This cover is at no additional cost.The ministry of electronics and information technology (MeIT) had recommended to e-wallet and insurance entities to work in tandem in this regard. It had initiated talks in January this year. "All customers will be insured up to a limit of Rs 20,000 or their wallet balance, whichever is lower. In case of phone loss or theft, the customer must report to Paytm via e-mail or by calling its customer care within 12 hours," the company said. Paytm's QR code-based payment solution is being used at a little more than five million establishments. With no cost of the point-of-service terminal and zero transaction charges, coupled with the vast Paytm user base, the company is acquiring almost a ..

Paytm is globetrotting, enters Canada with an app for bill payments

Becoming one of the select few Indian startups to make a global entry, online mobile wallet major Paytm on Thursday said that announced today that it has launched bill payments service in Canada. According to the company, users in Canada will now be able to pay for their cell phone, cable, internet, electricity and water bills via the Paytm Canada app. Sources in the company said that while Paytm has started off with bill payment services, new features would be included into it as well. The company plans to assess the Canadian market and keep on adding services which are more in vogue and used in that country.In addition to this, users will also be able to pay for their insurance and property taxes by using the new Paytm Canada app. It is available on both Android and iOS in Canada, the company said. "We are excited to announce that starting today, consumers in Canada will be able to access the seamless Paytm experience that is already well-known in India for its convenience. We are ..

Good news for media websites, users: Paytm introduces auto-debit feature

After a one-time authorisation, the subscription amount will be auto-debited from Paytm wallet

Full text: Paytm suspends 2% fee on credit cards, here's why

We will introduce new features to prevent credit card misuse in add money, says Paytm

Paytm does a U-turn, rolls back 2% fee on recharge via credit cards

Company says that it would put in place new mechanisms to prevent misuse of credit cards

Now pay two per cent fee for recharging your Paytm wallet via credit cards

Move comes to tap merchants who exploited the loophole to gain credit points

Full text: Why Paytm will levy 2% fee to recharge wallet using credit card

Announcing few changes in Paytm Wallet

At $5 billion, Paytm is close to Flipkart in value

Alibaba buys back less than 1% stake held by Reliance Cap in the e-commerce company for $41 million

Reliance Capital sells nearly 1% Paytm stake to Alibaba for Rs 275 crore

This money was to be pumped into the group's payments bank operations

To expand e-retail biz, Paytm raises $200 mn from Alibaba, SAIF Partners

After this funding, Alibaba and SAIF Partners to have 36.31% and 4.66% stake in Paytm, respectively