It, however, did not disclose the details of the investment
This will enable all Paytm customers to discover a wide selection of events and book instantly
Digital payments company estimates that market for organised events in India is around Rs 4,000 cr
The due diligence is on and the deal could be finalised in the next few weeks, said sources
Plans to increase online usage and offline sales
Paytm has announced a toll-free number
Firm plans to invest $1.6 bn over the next five years to expand the bank's wealth management
Paytm is banking on its offline network of merchants to fight bigger rivals Amazon and Flipkart
Amit Sinha will now be the new COO
Fret not next time you get hauled up by a traffic police officer and handed a ticket. Now you can pay for a challan with a few taps on the mobile phone. Paytm has launched a traffic challan payment vertical on its platform. The service is currently live in Mumbai, Pune and Vijayawada, and will be expanded to other cities soon. The company believes that it would be able to funnel through at least five million challans nationwide with a value of Rs 150 crore per year. "Vehicle owners can now log onto Paytm, tap on 'Traffic Challan', enter their vehicle number, and after verifying the details, proceed to pay for the challan. This will generate a digital invoice and the customer's surrendered documents will be dispatched via postal services by the respective police department," Kiran Vasireddy, senior vice president, Paytm said. Paytm has currently partnered with state police forces across Andhra Pradesh, Maharashtra, Kerala and West Bengal. Going forward, it will continue to forge ...
Currently, 90% of the train ticket bookings on Paytm are done through the mobile platform
Will help it to grow its user base and introduce more financial products for consumers
REUTERS - One97 Communications, owner of electronics payments provider Paytm, is set to raise more than 120 billion rupees ($1.87 billion) from Japan's SoftBank Group <9984.T>, the Economic Times reported on Friday citing sources.
The funding, expected to materialise in 3 weeks, to help push firm's banking and finance investments
There are not many things that can be bought for a rupee, a candy may be. But, what if you could buy some gold with that rupee? Alibaba-backed online marketplace company Paytm, in tieup with MMTC's Swiss venture PAMP SA, is making it possible in a first such initiative anywhere in the world. Paytm on Thursday announced the launch of 'Digital Gold', a vertical to allow its 200 million plus users to buy, store and sell gold instantly. Founder and CEO Vijay Shekhar Sharma referred to the new offering as a wealth management product that would be a part of its proposed payments bank, that was still awaiting a final nod from the Reserve Bank of India. "Customers can now buy and sell international quality gold at market-linked prices instantly for as low as Re 1 using their Paytm wallets. If a user wants to sell the gold, MMTC-PAMP will buy the gold back and the money will be transferred to his bank account," Sharma said.While the purchased gold can be stored in MMTC-PAMP's secure vaults ...
Airtel & India Post Payments Bank are the only ones to have begun payments bank operations so far
This will enable long-term wealth creation
The 'food wallet' will be available in the Paytm app
QorQl plans to use artificial intelligence and Big Data to improve productivity
It will be the first e-commerce major to take advertising regulatory body's membership