Companies want end to two-step authentication for commuters paying small amounts, freedom to operate digital wallets without payment gateways.
The six-year-old company, which competes with South African media conglomerate Naspers' OLX in India, will make the transition over the next six months.
Uber says that under its tieup with Paytm, users can have a mobile wallet in which they can store money to be paid after a ride
SAIF Partners, one of the early investors in local search provider Just Dial, has sold 2.41% stake in the Mumbai-based company.
It may not have been an easy offer to refuse as some of these early investors are sitting on returns of 100 times their investment on paper.
The idea for the startup struck Nathani four years ago when she was searching for extracurricular activities for her children.
Ma is the latest in a long line of global business leaders who have travelled to India after the election of Narendra Modi as prime minister.
The pool of incoming global investors include corporate entities keen on a foothold in the world’s fastest growing consumer Internet market.
Why business leaders like Ratan Tata, Azim Premji and Rakesh Jhunjhunwala are backing startups with personal investments
Wealthy businessmen and new-conomy entrepreneurs are backing startups, infusing cash and credibility to the exciting asset class.
“India's internet population is third largest in the world driven by mobile and our main focus is to grab these users,“ said CEO of Star CJ.
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