Page 29 - Paytm

Paytm E-Commerce becomes a unicorn with 200-million investment round

Paytm's ecommerce unit has become the latest Indian Unicorn (unlisted company valued at over a billion dollars) after raising a $200 million funding round led by Chinese e-commerce giant Alibaba.According to a filing with the Registrar of Companies earlier this week, Alibaba's Singapore unit will invest $177 million into Paytm E-Commerce Pvt. Ltd. with the remaining $23 million will be invested by SAIF Partners, an early investor in Paytm.Paytm announced plans to split its e-commerce business from its larger payments unit mid last year. The overall One 97 holding company enjoyed a valuation of $4.8 billion when it raised $60 million from Mediatek in August, but sources had said majority of the value would lie in the payments arm.With the investment from Alibaba, the marketplace unit of Paytm has also achieved unicorn status, with the funds being used to now help take on giants Flipkart and Amazon. The move also paves the way for Alibaba's formal entry into India's fast growing ...

Paytm crosses 200 million wallet user base

Mobile wallet major, Paytm announced today that its user base has crossed 200 million wallets. The company said that within three years of launching the Paytm Wallet, it has become most widely used and accepted payment method in the country.Since demonetisation the company claims to have made rapid strides in the wallet sector staking claims at the top position. The company has managed to in the last one year launch a variety of offline services which has increased the usage of phones at various points.Paytm wallet has moved from just mobile phone and DTH recharges, electricity, gas and water bill payments, to using it at milk booths, grocery stores, pharmacies and parking among other places."Reaching 200 Mn registered users and more than half a million users on a daily basis is a great showcase of the country's trust in our payment solution and reaffirms our belief in the need for a quick and easy cashless payment method. Going forward, we would continue to drive strong ...

Paytm launches online marketplace app - Paytm Mall

Paytm Mall aims to offer a combination of the Mall and Bazaar concepts to Indian consumers

Alibaba takes first step into India's marketplace with launch of Paytm Mall

The Paytm Mall is an Android app for smartphones is modelled on TMall

Donate at temples, churches with Paytm now

Siddhivinayak Temple in Mumbai, Cathedral Church in Delhi and ISKCON Temple in Indore go cashless

Paytm to invest Rs 600 cr in expanding its QR code-based payment network

Around 65% of overall transactions on Paytm are made through QR code-based offline payments

Paytm to invest Rs 600 crore to set up QR code-based payment systems

Paytm is investing in scaling up manpower, technology, and merchant education

Paytm clocks Rs 5,000 cr worth transactions in January

his was about 11% up from Dec transactions on the payments platform, says Vijay Shekhar Sharma

Govt issues notices to RJio, Paytm for using PM's photo in advertisements

The Ministry of Consumer Affairs sent the notices under the Emblems and Names Act of 1950

Politics stirs the mix for brands

Paytm, Jio, among others are courting controversy by getting political with their advertising

Alibaba-backed Paytm to shop for logistics firm next

It helped Paytm generate a billion plus product portfolio

Paytm becomes case study for Harvard Business School

Study based on Paytm's journey from online recharge platform to India's largest mobile payments one

Paytm now accepted across major hospital chains in India

Paytm has promised to keep bank transfer rates at zero per cent till launch of Paytm Payments Bank

Buy Google Play recharge codes with Paytm

The codes can be redeemed on Google Play to recharge Google Play accounts instantly

Paytm bank: Enough with rumours, here's how your wallet balance will work

Inform the company if you wish to opt out or transfer balance

Paytm introduces new features for users and merchants

Updated app remains light and loads 3X faster even on low-end smartphones and slow network areas

Paytm Wallet to transfer to payments bank, but m-wallets will keep working

Users will not be able to transact with their Paytm wallet money

Paytm goes live across all major retail brand outlets in India

App is now available in 10 regional languages including Hindi to make digital payments accessible

Can India's biggest mobile wallet challenge traditional banks in new move?

Paytm was one of 11 recipients of RBI's in-principle payments bank licence, reports Tech in Asia

Go cashless with Paytm at PVR, amusement parks, gaming parlours

Company has introduced Paytm 'Nearby', a feature that guides customers to nearest Paytm merchant