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Flipkart-owned PhonePe receives Rs 585.6 cr infusion from parent firm
PhonePe has seen its losses mount to Rs 1,904.72 crore in 2018-19 from a loss of Rs 791.03 crore for the year ended March 2018. However, its revenue from operations rose manifold to Rs 184.22 crore in 2018-19 as against Rs 42.79 crore a year ago.
Paytm payments bank eyes small fin model
Sharma said the payments bank will approach the government and the banking regulator for a small fin...
Flipkart leads $60 million round in logistics startup Shadowfax
The companies did not disclose the transaction value, but sources briefed on ...
Pichai's appointment as Alphabet CEO leaves India Inc thrilled; Mahindra, Paytm boss can't keep calm
Pichai was earlier a Product Chief at Google and was elevated to the CEO's role in 2016.
Paytm in talks to raise another USD 1 billion funding: Sources
Paytm had earlier this week announced a USD 1 billion (around Rs 7,173 crore) fund raise led by US-based asset management firm T Rowe Price. Existing investors Alibaba, Softbank and Discovery Capital had also participated in the funding round.
Buffett's firm to largest DII, all hooked to India’s grey market: Here’s what’s buzzing
Here are some of the names that have kept the grey market abuzz over past few weeks.
How to buy FASTag, recharge it using Paytm
FASTags are issued by 22 certified banks through various channels such as Point-of-Sale (POS) at National Highway toll plazas and select bank branches, e-commerce platforms like Amazon and mobile wallets like Paytm.
Paytm gets $1 billion topup in latest financing round
Paytm said it has raised $1 bn in financing round led by T Rowe Price with Ant and SoftBank also participating.
Aadhaar enabled payment system growth slows in FY20
AePS facilitates cashless transactions through biometric authentication. According to NPCI, which runs the platform, biometric-based transactions grew by 10% to 208 million transactions in October 2019 from 189 million in April. October usually sees high transactions because of the festive season and higher remittance from urban to rural areas.
Twitter boards Paytm’s app
As part of efforts to convert itself into a super app, Paytm is adding content — news, astrology to trending content on Twitter — into the Paytm Inbox, Siddharth Pandey, VP of Paytm, said.
Govt asks Snapdeal, Paytm Mall to give business details
The government had last month asked top two e-commerce firms Flipkart and Amazon to share details of their top five sellers and total business quantum for each seller, variations of commission agreements they have with various sellers, and how investments from their parents are disbursed.
Paytm's Vijay Shekhar Sharma cautions customers of scam messages and emails
A huge number of Paytm user have already approached the company’s cyber cell and RBI's ombudsman.
One track, many lessons: How U2's 'Elevation' helped Paytm boss master English, woo an early investor
Music has always been Paytm founder Vijay Shekhar Sharma’s refuge.
Soon, service provider to sell FASTags online
The service provider will also have to set up a system to resolve customer complaints or queries online. Only owners of cars, utility vehicles, vans and other light motor vehicles will be allowed to buy FASTags online. It has been specified in the bid document that the service provider shall not sell FASTags “in bulk to any single customer or a group of customers.”
SoftBank's Paytm top-up to come with riders
If an IPO doesn't take place in 5 years, then SoftBank will have the right to sell its stake to a rival.
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