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Vijay Shekhar Sharma

Paytm to build ‘New Retail’ vertical

Digital payments company Paytm on Saturday said that it will build a "New Retail" model to equip shopkeepers with technology, logistics and marketing capabilities.According to One97 Communications, that owns the brand Paytm, under the new model, "consumers will soon...

Paytm receives final tranche of US $445 mn funding from SoftBank, Alibaba

Paytm Mall has received the final tranche of its US $4 45 million (about Rs 3,000 crore) funding from SoftBank and Alibaba, a move that will give the online shopping venture of Paytm more financial muscle to take on...

Walmart e-entry makes India attractive to global majors: Experts

The whopping US $16-billion mega deal by global retail giant Walmart with the country's leading e-tailer Flipkart for majority stake makes India an attractive destination for global majors in the digital space, industry experts said on Wednesday.Kishore Biyani, CEO,...

Hope to cover 1 cr merchants in 3-6 months: Paytm

Mobile-first financial services platform Paytm hopes to cover 10 million merchants across India in three to six months from the existing six million merchant-partners for Quick Response (QR)-based payments, an official said on Thursday.The platform will invest Rs 500 crore in 2018 to...

Paytm Mall appoints Amit Sinha COO

Amit Sinha, a vice-president overlooking business and human resources at One97 Communications Ltd, the company behind the Paytm app, has been appointed as the Chief Operating Officer (COO) of its e-commerce business Paytm Mall, a company statement said on...

Paytm unveils payments bank, targets 500 mn customers by 2020

Fintech company Paytm on Tuesday unveiled its payments bank becoming the first one to offer cashback on deposits. It aims to become the preferred bank for 500 million Indians by 2020. Customers will also be offered zero charge on all...

Paytm raises US $1.4 billion from SoftBank

Paytm has announced an investment of US $1.4 billion by the SoftBank Group, the Japanese Internet and telecom major, in One97 Communications Limited, the entity that operates India’s largest mobile payments and commerce platform under the Paytm brand. This...

Paytm Payments Bank to launch on May 23

Fintech company Paytm on Wednesday said it will finally launch the operations of its payments bank on May 23. "We are in the process of launching Paytm Payments Bank on May 23. We recently received approval from the Reserve Bank...

Wallet 'curtain-raiser', payments bank will be 'show': Paytm

Paytm Founder and CEO Vijay Shekhar Sharma on Friday said that the firm's mobile wallet business was only a curtain-raiser and the payments bank would be the main show. "We should be a bank (payments bank) by this month-end. Wallet...

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...
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