Paytm’s Attempt To Block Unicommerce Fails In Court

The legal tussle between Unicommerce and Paytm continues. Unicommerce said that all interim injunctions sought by Paytm were denied by the Delhi high court. However, Paytm claims that court asked Unicommerce not to use any data which it accessed from the sellers of Paytm. Unicommerce claims to have discontinued use of the logo.

Paytm Clocks 200% Growth In Utilities And Bill Payments Segment

With utility vertical comprising electricity, water, telephone and gas bill payments, Paytm plans to do a GMV of Rs 12,000-13,000 crore by tapping this lucrative space. Paytm is looking to expand its customer base to 500 mn by 2020.Last month, the company clocked around 2.5 million transactions in this segment.

Paytm To Acquire Stake In Yatra Or Just A Speculation?

Both the companies have already initiated talks but no details have been disclosed yet. The Alibaba backed payment company plans to boost its travel marketplace with this acquisition. However when NextBigWhat contacted Paytm, it declined to comment and said it is only a speculation.

Paytm Eliminates Merchant Fees For Offline Transactions

Paytm will now remove the ‘merchant fees’ for wallet transactions in the offline world making it easier for the merchants and customers. When a customer pays a merchant, a charge is levied per transaction on the merchant by banks. Charges vary from 0.5% to 2.5%, depending on various parameters.

Paytm Acquires Shifu App

NCR based Shifu is a personal assistant app for Android phone, but unlike others, it takes into consideration what free time you have and then only alerts you to complete a task. For Paytm, this is more of a talent acquisition.