Google says it violated gambling policy; Paytm asks if cash back is gambling
Vijay Shekhar Sharma says suspension was over cashback offer
Google doesn't specifically name the payment app in separate blogpost; Other apps such as Paytm Mall, Paytm For Business and Paytm Money still available
Paytm is India's leading digital payments app, claiming over 50 million monthly active users
From Google removing Paytm from Play store, Dubai banning AIr India Express over Covid fears to Apple launching online store, Business Standard brings you the top headlines of the day
The company has also set aside Rs 300 crore for investing in growing the market for fantasy sports and other online gaming events during this financial year
The Noida-based firm also claimed it has narrowed losses 40 per cent year-on-year on account of optimisation of expenses which will help it become profitable by 2022
Paytm said its revenue for fiscal year ended March 31, increased to Rs 3,629 crore supported by increase in number of transactions across various segments and point of sale devices
This follows the money laundering case filed by ED on Saturday against entities, including Dokypay Technology and Linkyun Technolgy, for allegedly running illegal online betting apps linked to China
Beijing has added 23 technologies to its list of regulated exports; move could affect start-ups that have IP co-creation as part of investment deal with Chinese VC investors, say experts
Agency seizes Rs 47 crore after searching more than 15 locations in Delhi, Gurugram, Mumbai and Pune
Fintech major Paytm on Wednesday said it is in the process of hiring over 1,000 people across various roles over the next few months as it expands its operations
Defending the move, bankers said that the charges have been introduced in a bid to prevent frivolous transactions from putting a load on the system
The company's foray into financial services is going to play a key role in the firm becoming profitable and going public
Apart from accelerating its evolution in India, Sameer Nigam, CEO, PhonePe, said, "Covid has been very helpful in customer acquisition, even more than demonetisation"
Paytm launched an Android-based, pocked-sized point of sale device that is enabled with integrated billing software, camera for QR scanning and supports 4G SIM cards Wi-Fi and Bluetooth connectivity.
Most recently, Gupta served as the founding member and chief executive officer (CEO) of Clix Capital
Eleven of these are backed by three Chinese investors
The fintech unicorn, which received Sebi nod in Jan, has already diversified into insurance, e-commerce and banking services
Raheja QBE will be acquired through QorQl Pvt. Ltd, a technology company in which Vijay Shekhar Sharma has majority shareholding.