The Paytm Payments Bank will be headquartered in Noida and kick off its services from east and north to begin with
A new campaign by Paytm positions the mobile wallet service provider as a better alternative to cash payments even as it builds new use cases
Paytm developed a mechanism within the app to generate a one-time password and barcode, without the use of data connectivity
Purohit was looking after the branch and business correspondent network for Paytm's upcoming payments bank
The mobile wallet player has been granted the in-principle approval for launching payments bank
From payments bank to e-commerce, as it adds new businesses to its core e-wallet offering, many feel its growth model is getting muddled
Company currently has 120 mn customers and latest campaign aims to add to the number
The move eliminates the hassles of using cash for fuel bills and also strengthens Paytm's stronghold in digital wallets
Looking at profiles of students whose joining dates were delayed by e-tail giant
The association with Airtel is a part of Paytm's rapid expansion spree of strategic partners for its wallet services
According to Paytm, about 1,000 top brands are opening their online stores on its portal
Soon, every business that uses Alipay across 16 countries would also accept Paytm
Paytm had earlier said the Chinese e-commerce giant Alipay is training the former's top executives ahead of its much-awaited payments bank launch in India
Paytm has also claimed that the firm, Unicommerce, was using its logo for promotional purposes
Last October, Chandigarh-based Jugnoo had received funding of $10 million from the Vijay Shekhar Sharma-led company
In yet another major hiring for its proposed payments bank, India's largest mobile payments and commerce platform Paytm has brought in Vipin Surelia into its leadership team as vice-president (risk and compliance).Surelia was earlier with National Payments Council of India as head (product development) and the Reserve Bank of India (RBI) as its deputy general manager. He is the second person with RBI background to be hired for the payments bank core management team.The company said Surelia was involved with the payments sector for 19 years having closely worked with Unique Identification Authority of India, RBI, banks and fintech partners on several occasions."He was in charge of rolling out various NPCI initiatives such as CTS (cheque truncation system), NACH (national automated clearing house), mobile payments, Aadhaar-based systems and unified payments interface. He has also been associated with IBM India and The Hong Kong & Shanghai Banking Corporation in leadership roles," the
The company has tie-ups with around 25 power distribution companies and by the end of the next quarter, would add around 25 more
Bhushan's core responsibilities comprise building company's cross border commerce
Company also aims to increase its shipments four-fold to 2 lakh per day
Most of these increments, based on performance, will come in the low- and mid-level brackets