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“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 […]
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 […]
Paytm users to pay 2% charge on topping up e-wallet via credit cards
“Paytm users will have to pay a 2 per cent fee on the amount added to their e-wallet using a credit card. Until now, users had to pay 2 per cent fee if they loaded more than Rs 10,000 in their e-wallets via credit card in a month.”
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.”
Payments Giant Paytm Says Google’s Android Monopoly is of Grave Concern to Indian Start-Ups
“Google’s monopoly over Android — the mobile operating system used by most smartphones around the world — is a major concern for Indian start-ups, a top executive at online payments firm Paytm said Tuesday. Paytm has become a ubiquitous name in India’s digital payments sector. The mobile app is used by millions of Indians to pay for […]
Google Pulls India’s Paytm App from Play Store for Repeat Policy Violations
“Paytm app is back on the Google Play Store. Our original story follows. Google has pulled the popular Indian financial services app Paytm from the Play Store for violating its gambling policies. Paytm is India’s most valuable startup and claims over 50 million monthly active users. Its marquee app, which competes with Google Pay in India, […]
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 […]
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. […]
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 […]
Paytm, Vijay Shekhar Sharma to acquire insurance firm Raheja QBE for $76M
“Paytm, India’s most valuable startup, and its co-founder and chief executive, Vijay Shekhar Sharma, announced on Monday they have reached an agreement to acquire insurance firm Raheja QBE for a sum of $76 million as the financial services startup looks to tap the nation’s booming insurance market.”