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Paytm registers 122 million active users in one year

One of India's largest electronic payment platform, Paytm has reported a five fold rise (122 million) in the number of active users in one year. Ant Financial, the Alibaba Group affiliate, took 25 per cent stake in One97, which was...

Paytm to launch payments bank in August

Paytm, India’s most prominent online payment service provider, is planning to launch its payments bank in August with 20 million account holders. Paytm has already received a payments bank licence. The bank will be a new entity, where 51 per...

HUL to rent out warehouse to push sales online

Hindustan Unilever Ltd (HUL) will soon rent out its New Delhi master warehouse to the online sellers at a subsidized rate to store their products. This would be beneficial for HUL too, as the e-commerce sites will promote their...

Flipkart's eKart to handle delivery for Paytm

Flipkart plans to open up its logistics services arm to third-party merchants and in this regard, has joined hands with Paytm to deliver goods through eKart, its logistics arm. This move is expected to establish eKart as an independent business while reducing...

Paytm in talks with Yatra, may pick up stake

India’s largest mobile commerce platform, Paytm is looking forward to buy a part of Yatra.com the travel agency. Sources of TOI said Paytm is planning to enter in travel business and is hence holding round of talks with the...

LPU goes cashless with Paytm

Paytm, the country's most reliable e-commerce and mobile payment portal has provided a cashless solution to Lovely Professional University (LPU) in Jalandhar. Counted among the largest single campus universities in India, LPU has around 25000 students, 3500 faculty and staff....

Paytm opts for exclusive deals with merchants

Paytm, the payments platform, has decided to opt for direct deals with the merchants. The company has been sending termination notices to various payment aggregators like PayU, Citrus, Justpay, Ezetap and others. This means merchants have to complete the entire...

Former Alibaba executive joins Paytm as VP

Paytm, India’s most prominent online payment service provider appointed ex-chief of Alibaba Group Holding wholesale business, Bhushan Patil as the company’s new Vice-President, the company announced on Friday. The move comes as Paytm is looking to ramp up growth and...

Paytm-backed LogiNext targets $3 mn by 2017

LogiNext Solutions, the supply chain automation supported by Paytm is looking  forward to achieve a target of Rs 20 crore by next fiscal. It is also aiming at increasing its shipments up to 2 lakh per day, said a top...

Alibaba to venture into India, may tie up with Tata Sons

Chinese e-commerce giant Alibaba is planning to enter India this year and for a possible partnership, it has approached Tata Sons. It will take two quarters for Alibaba to finalise a joint venture partner. The company said it is evaluating...
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