Last year in December, Paytm announced that it will merge its digital wallet business with Payments Bank. The Vijay Shekhar led company received RBI’s approval to launch the payment bank in January. Now, Paytm has announced that it is all set to launch Payments Bank on May 23. Renu Satti will be the CEO of Paytm Payments Bank.
Continue reading “Paytm Payments Bank to start operations from May 23: All you need to know”
One97 Communications Ltd, the parent of Paytm, has secured a massive funding of $1.4 billion from Japan’s SoftBank Group Corp. The latest deal is in one of the largest funding rounds by a single investor. Continue reading “Paytm raises $1.4 billion from SoftBank”
Paytm has signed a non-exclusive term sheet to acquire rival wallet player FreeCharge, according to a latest report from the Economic Times. The digital wallet company is said to buy FreeCharge in an all-cash deal from Snapdeal.
Continue reading “Paytm reportedly signs a deal to acquire rival FreeCharge”
Paytm has forayed into the meal voucher market by rolling out Food Wallet right inside the Paytm app. The Food Wallet is aimed at providing tax-saving opportunities to corporate employees. Continue reading “Paytm forays into meal voucher market with Food Wallet”
Paytm has introduced a new insurance cover to protect the money in your Paytm Wallet in case of theft, loss of device or unauthorized access. Dubbed as Wallet Insurance, all Paytm users with balance in their wallets are automatically covered under this scheme at no additional cost and the lost money would be refunded to their Paytm Wallets.
Continue reading “Paytm rolls out free wallet insurance cover for all its users”
Paytm has gone global. The home grown digital payments app and commerce company has launched in Canada. Users in Canada will now be able to pay for their cell phone, cable, internet, electricity and water bills using the new Paytm Canada app. They can also use it to pay insurance and property taxes.
Continue reading “Paytm expands globally, launches app in Canada”
Paytm is taking a u-turn and suspending the 2% fee on wallet recharge via credit cards. The company had announced yesterday that it will now charge 2% fee to add money to your Paytm wallet. Continue reading “Paytm suspends 2% fee on wallet topup via credit cards”
Paytm has announced that it will now levy 2 percent fee for adding money to your wallet using credit card. Earlier there was zero percent fee for recharging your wallet using credit card. There will be no fee for transferring money to the Paytm wallet using debit card or net banking. Continue reading “Paytm to levy 2% fee for wallet topup using credit cards; UPI and IMPS payment options added”
Reliance Capital has sold its nearly 1% stake in Paytm for Rs 275 crore to China-based e-commerce giant Alibaba group. The financial services arm of Anil Ambani-led group had invested Rs 10 crore for this stake in Paytm.
Continue reading “Reliance Capital sells Paytm stake for Rs. 275 cr to Alibaba”
Paytm CEO Vijay Shekhar has announced via his Facebook account that there are now over 200 million wallet users. The company has reached this milestone in just three years since its inception. Continue reading “Paytm crosses 200 million wallet users, unveils online shopping portal Paytm Mall”
Uber and Paytm integration is going a step forward. The ride sharing service has teamed up with Paytm that makes it even easier to book a cab. Now users can book an Uber ride directly through the Paytm app from their current location. Continue reading “Now you can book an Uber ride directly from the Paytm app”
Last week Paytm added the ability for Android users to buy Google Play recharge codes. Now, FreeCharge has rolled out the same feature for its mobile app and website.
Continue reading “Here’s how you can buy Google Play recharge codes from Paytm and FreeCharge”
Paytm has improved security on its iOS app by adding support for TouchID authentication. The update which bumps the app to version 5.8.3 brings fingerprint authentication for payments. Continue reading “Paytm for iOS beefs up security with TouchID authentication support”
Self-declared merchants can now to transfer up to Rs 50,000 directly in their bank accounts using Paytm. The Paytm app has also been updated which according to the company makes the app three times faster even on low-end smartphones and slow networks.
Continue reading “Paytm updates app with new features, raises transfer limit for merchants to Rs. 50,000”
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