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Vijay Shekhar Sharma

Paytm launches digital wallet business in Canada

Paytm, one of India’s largest mobile payments and commerce company, announced on March 16, 2017 that it has launched bill payments service for Canadians. This move marks the entry of the first Indian consumer service startup in the Canadian...

Alibaba, SAIF Partners to invest US $200 in Paytm's online marketplace unit

Chinese e-commerce major Alibaba Group Holding Ltd, along with investment firm SAIF Partners, are set to invest US $200 million in Paytm’s online marketplace unit. Alibaba Singapore E-Commerce Pvt. Ltd will invest US $177 million in Paytm E-Commerce Pvt. Ltd—a...

Paytm offers jobs to Snapdeal, Stayzilla ex-staffers

With hundreds of employees being handed out pink slips by companies such as Snapdeal and Stayzilla, Paytm is walking into the ring by offering generous job offers to laid-off staffers. Founder and CEO, Paytm, Vijay Shekhar Sharma tweeted: “Hello, Tech/Product...

Paytm to invest Rs 600 crore towards expansion, aims at 10 million merchants by end 2017

Paytm has announced that it will invest over Rs 600 crore to enable merchants across India for acceptance of digital payments using its QR code based payment solution. The company is investing in scaling up manpower, technology, and merchant education so...

Paytm clocks Rs 5,000 crore worth transactions in January

Spurred by demonetization, online payments platform Paytm clocked Rs 5,000 crore worth of transactions in the month of January, Paytm's founder Vijay Shekhar Sharma said. "We clocked Rs 5,000 crore worth of transactions in January alone, that's 200 million transactions...

Retail bigshots laud 'digital economy' Budget, but say lack of details on GST disappointing

The Union Budget 2017 was presented in the Parliament by Finance Minister Arun Jaitley on February 1. While the Budget is clearly strong on macro-economic intent - as is evident from the FM’s focus on agricultural growth, rural development, up-skilling...

Paytm to launch payments bank; gets approval from RBI

Paytm has received final approval of the Reserve Bank to formally launch its payments bank and it expects to start operations next month. According to a PTI report: Payments banks can accept deposits from individuals and small businesses of up...

Andhra Pradesh CM N. Chandrababu Naidu inaugurates Paytm Office in Visakhapatnam

Paytm recently announced it has instituted a new corporate office in the coastal city of Visakhapatnam. Andhra Pradesh CM N. Chandrababu Naidu was present at the inaugural event to officially welcome the company’s operations in the city. Within the last...

Paytm takes offers, cashback offline with its 12/12 cashfree festival

Paytm has today announced the launch of its 12/12 Cashfree Festival, a shopping extravaganza to celebrate the spirit of going cashfree. The offline shopping festival is aimed to introduce millions of new consumers to the convenience of going cashfree...

We aim to become a universal payments app: Founder and CEO, Paytm, Vijay Shekhar Sharma

Buoyed by the rapid adoption of Paytm post demonetization, founder and CEO Vijay Shekhar Sharma recently said that the company is on its way to complete two billion transactions this year. The company, which has about 165 million users, also...
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