In traditional equities business, firm sees daily-trading turnover doubling.
RBI, the final authority on matters related to payment systems, wants payment companies to store all their data only in India.
Some payment banks have taken up the matter with RBI arguing that move will directly hurt their business models.
HDFC Bank cards will be presented as a payment option during enrolment and subsequent payments, with the ability for consumers to easily open PayPal accounts and set it as their preferred payment method.
With the acquisition Paytm aims to get the great insights in building intelligent and elegantly designed products for its users.
“In order to ensure that people pay back on time, we are trying to develop ways to block devices that we have financed in case of non-payments of dues.”
"In the beginning, when I had tried raising funds, the timing was not perfect and the venture capital space was not that attractive."
Services will include direct benefit transfers, tax and fee collections and payments for public transport.
The company reported 10 times growth in lending on year on year basis and is on aggressive expansion plan.
Bluebear which operates under the name of Propelld is a student education financing platform which brings financial institutions to lend to students taking professional training or vocational certification courses.
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