Paytm Postpaid is essentially an app that lets users to purchase the same day and pay for the same at the end of the month. Users just need to open their Postpaid app and select the payment option to use this facility.
Paytm has announced today that Mountain Capital will make an investment into Paytm. The deal values Paytm at close to $5Bn. The fresh capital infusion will allow Paytm, the consumer brand of…
For Paytm, it’s clear that the wallet business is the NextBigWhat – and ecommerce marketplace, to me was more of an interim solution to keep the valuation flying.
Paytm received its in-principle approval to set up a Payments Bank in August last year.
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.
The court also asked Unicommerce to Unicommerce to pull down its YouTube advertisement or remove Paytm’s logo from it.
Paytm declined to comment and said no statement has been given by the company so far.
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.
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.
The users can now pay university fees and dues, hostel fees, cafeteria bills as well as buy books and merchandise through the Paytm Wallet. By minimizing cash, the initiative shall be highly beneficial for the students, teachers, the institution and parents alike.
With the Modi led Government, ‘digital’ has been abuzz across all the corners of the country. In this entire process of making everything digital, we may have missed the significance…
Chinese e-commerce giants Alibaba Group is evaluating options to enter Indian e-commerce industry in 2016. Alibaba is planning to enter in to the market as a standalone entity and run parallel to its investments in existing players such as Paytm and Snapdeal.
Expanding its digital payment realm further and looking to further push its already aggressive ongoing campaign of increasing its offline presence, Paytm is now venturing into movie ticketing business- which is predominately held by BookMyShow.com.
Aditya Birla Group’s food and grocery retail arm More and Paytm have tied up to offer its customers with an option to use Paytm’s prepaid wallet to make payments. Also, Oxigen Wallet in association with Creditnation will now facilitate procurement of loans through the Oxigen Wallet.
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.
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.