Page 28 - Paytm

Elevation Capital to invest in a dozen startups from $400-mn new fund

The firm, earlier known as SAIF partners, will be deploying the full fund in the next 2-3 years

Amazon Pay revenue grew 64% to Rs 1,370 crore, losses increase 61%

After the closure of the financial year 2019-20, the firm has revised authorised share capital from Rs 6,000 crore to Rs 16,000 crore in an extraordinary general meeting held in September this year

Great leaders will make good policy decisions in India: Walmart CEO

McMillon said that competition with Amazon, Reliance, and Paytm is good as it will improve services, bring down costs for consumers and give additional value to producers

T Rowe hikes Paytm's valuation by 35% to take enterprise value to $16 bn

The mutual fund company had earlier cut down the valuation of Paytm to $188 a share due to the impact of the Covid-19 pandemic

China's Ant considers Paytm stake sale amid tensions with India: Report

Paytm, which is also backed by SoftBank Group Corp among others, was valued at about $16 billion during its latest private fundraising round a year ago.

Paytm refutes report suggesting China's Ant Group considering stake sale

Paytm on Wednesday refuted a report saying Chinese financial technology giant Ant Group, one of its key stakeholders, might be considering sale of its 30% stake

Top headlines: Ant considers Paytm stake sale, UK nod to Pfizer vaccine

US court rejects Trump rules limiting H1-B visas to skilled workers, Maruti Suzuki sees 'much better' 2021, govt gets three bids for BPCL, and more top headlines of the day

Paytm waives charges on merchant transactions; to absorb MDR of Rs 600 cr

This is to support micro, small and medium enterprises (MSMEs) during the ongoing pandemic the company said.

Paytm Money rolls out feature to help people invest in IPOs instantly

The service offers an interface to make changes, cancel or resend the bidding application within the IPO window.

Paytm Money to offer investments in IPO, aims for 8-10% market share

Fintech major Paytm said its wholly-owned subsidiary Paytm Money will now facilitate investments in Initial Public Offers

Promote competition

Govt is turning anti-consumer in digital payments

Dhanteras sale on Amazon, Flipkart, Snapdeal, Paytm: Know what is on offer

Dhanteras marks the beginning of Diwali festival and considered to be an auspicious occasion to buy precious metal in India

Paytm partners Uber India to extend its postpaid service to riders

With this integration, users will be able to pay for their Uber rides through their Paytm Postpaid account, enabling commuters to shift from cash to postpaid service, a statement said

Paytm raises collateral-free loan cap to Rs 5 lakh for micro lenders

The company offers collateral-free loans under its Merchant Lending Programme in Paytm for Business app

Paytm aims to disburse Rs 1,000 crore worth loans to merchants by March

The company said it aims to disburse targeted loans by March

BS READS: Under lens, Google treads fine line with new Play Store policy

Google is going ahead with a policy revision mandating 30% charge on in-app purchases across all apps on Play Store. This has left developers' community worried about tighter squeeze on their earnings

PhonePe breaches 250-mn user mark; logs 925 mn transactions in October

Walmart-owned digital payments firm hits $277-billion annual TPV run-rate

US funds lower valuation of Indian unicorns Paytm, Ola due to Covid: Report

The funds, T Rowe Price and Vanguard, hold about 1% in both companies; while Paytm's valuation has taken a 26% hit, Ola's has suffered a 50% drop

JPC on data protection: Paytm says yes to govt regulation, Google differs

Paytm said it wanted the government to ensure that all companies in the digital sphere offering services in India also had their servers in the country.

UK-based mobile ticketing and discovery platform DICE launches in India

Powered by Dice discovery, the platform offers music, arts, and cultural live streams from cities around the world