Payments News

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Companies

UBS Fund Pursues $400 Million Stake in SoftBank-Backed Paytm

“UBS Group AG is in talks to invest $400 million in Paytm, the most valuable Indian startup, in a bet on the surging digital payments market in the world’s second-most populous country, people with knowledge of the matter said.    A fund run by UBS’s asset management arm is in discussions to buy a stake […]
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Companies

Paytm announces 0% fee on wallet payments for merchants

“Fintech major Paytm on Thursday announced that that merchants can now receive unlimited payments through Paytm Wallet at 0% fee, along with UPI and Rupay Cards. “The move will benefit more than 17 million merchants who will enjoy a 0% fee on all their digital payments with direct settlement in their bank accounts,” the company […]
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Companies

Paytm Payment Gateway Launches Same-Day Bank Settlement for Businesses

“Paytm, India’s leading payment gateway service provider onTuesday announced the launch of same-day settlement facility for all kinds of fund transfers on its payment gateway. This will help business partners to settle money transfers anytime in their bank account on the same day of receiving payment, without waiting for the next day.”
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Companies

Paytm to Offer Stock Broking Services Soon

“Paytm founder Vijay Shekhar Sharma, on Thursday, said that the company is going to launch stock brokerage services in a few weeks. In a fireside chat with Rajan Anandan, MD, Sequoia Capital India, in the ongoing Global Fintech Fest, Sharma said, “Payments has been the largest revenue for us. Thereafter, we started our e-commerce business […]
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Companies

Paytm Launches WeChat-like Platform for Businesses

“Businesses now have a new platform to promote their offerings. Payments player Paytm has launched ‘Paytm Mini Programs’ that enables businesses to showcase their products and services to its user base. This is similar to the WeChat Mini Apps Programs and allows a mobile website or web app to integrate with Paytm’s Mini Programs platform. […]
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Companies

Paytm Video KYC: Paytm Introduces In-app Video KYC

“Paytm Payments Bank Ltd (PPBL) will allow account-holders to complete their KYC formalities over mobile video. This follows the Reserve Bank of India’s decision to allow video KYC for completing the process remotely using the bank’s mobile application.  Customers can connect using a vide call between 9 am and 8 pm without leaving their homes […]
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