On The Web

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Companies

Paytm users to pay 2% charge on topping up e-wallet via credit cards

October 19 2020

• in
• Paytm

“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.”

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Companies

Paytm Payment Gateway Launches Same-Day Bank Settlement for Businesses

October 13 2020

• in
• India
• Paytm

“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

Payments Giant Paytm Says Google’s Android Monopoly is of Grave Concern to Indian Start-Ups

September 23 2020

• in
• India
• Paytm

“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 […]

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Companies

Google Pulls India’s Paytm App from Play Store for Repeat Policy Violations

September 18 2020

• in
• India
• Paytm

“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, […]

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Companies

Paytm to Offer Stock Broking Services Soon

July 24 2020

• in
• Paytm

“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

July 10 2020

• in
• Paytm

“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

July 10 2020

• in
• KYC
• Paytm

“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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Companies

Paytm, Vijay Shekhar Sharma to acquire insurance firm Raheja QBE for $76M

July 7 2020

• in
• Paytm

“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.”

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Companies

Paytm Builds ‘Contactless In-store Ordering’ Solution for Restaurants After Lockdown

April 28 2020

• in
• India
• Paytm

“Paytm on Monday said it has developed a ‘contactless in-store ordering’ solution to help restaurants and eateries minimise physical contacts for menu, billing and cash transactions after these businesses open after the lockdown. The digital payments major aims to onboard over one lakh restaurants for the solution. It is looking at tapping into top-30 cities […]

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Companies

Paytm Cuts Losses 20% As E-pays Fall

April 21 2020

• in
• Paytm

“Paytm has started curbing expenditure amid the pandemic to extend its runway. The e-payments major — India’s most valued startup at $16 billion — has been cutting costs at a rate of 15-20% in the last two months, founder and CEO Vijay Shekhar Sharma told TOI in an exclusive interview earlier this month. The development […]