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.

Train Passengers Can Now Pay For Food Through Paytm Wallet

Using the Paytm wallet train passengers will now be able to make online payments for food ordered through e-catering. Earlier this year, Paytm and IRCTC had entered an agreement to make payments for booking train tickets online. Currently, IRCTC has an e-catering facility in 1,516 trains without pantry cars.

Paytm Users Can Now Book RoomsTonite’s Hotels On App

Paytm has established a direct connectivity with RoomsTonite by enabling the inventory of all the hotels, the rates and the content to sync in real-time. RoomsTonite launched in January 2015 has over 4,000 hotels across 325 destinations. Paytm had announced its foray into hotel aggregation in October 2015.

Paytm Reports 6X Growth During Three Day Diwali Sale

The Alibaba-backed company sold over 500+ motorcycles and more than 1,000 bicycles which were delivered to customers from physical dealerships. Paytm had earlier entered into an exclusive tie-up with Mahindra Two Wheelers. Consumers from Tier-2 and Tier-3 towns contributed to over 70% of the total traffic.

Paytm Partners With Insurers to Launch Renewals

Paytm is targeting annual premium payment in excess of INR 1000 crores by going live with 15+ companies by the end of next quarter. Paytm is building closed loop processes which starts with reminding customers. ICICI Prudential will go live this week followed by other insurers over next 2-3 days.