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Founders of 28 Indian new-age startups took home Rs 284 crore as salary in FY24 A total of 51 founders of 28 Indian new-age startup companies in the country took home Rs 283.5 crore as an annual salary in FY24.  According to the Inc42 report, "The average salary of startup founders in India declined by 26.9 per cent on year-on-year (YoY) basis to Rs 5.55 crore in FY 24 from Rs 7.6 crore in FY23." These new-age startups are from across all sectors. Among all these startups, Supam Maheshwari, founder of e-commerce startup FirstCry, took home the hig...
Founders of 28 Indian new-age startups took home Rs 284 crore as salary in FY24
Founders of 28 Indian new-age startups took home Rs 284 crore as salary in FY24
Source: IANS
2024-12-22 01:42:15 pm
India can become AI chip capital of the world: SoftBank`s Masayoshi Son As India makes strides in the fields of artificial intelligence (AI) and semiconductors, SoftBank’s Founder and CEO Masayoshi Son has said that the country can become the AI chip capital of the world.  New Delhi, Nov 28 (IANS) As India makes strides in artificial intelligence (AI), SoftBank’s Founder and CEO Masayoshi Son has said that the country can become the AI chip capital of the world. In a meeting with some leading Indian startup founders in the national capital,...
India can become AI chip capital of the world: SoftBank`s Masayoshi Son
India can become AI chip capital of the world: SoftBank`s Masayoshi Son
Source: IANS
2024-11-28 11:26:15 am
One97 Communications shines on introducing automatic top-up for Paytm UPI Lite One97 Communications is currently trading at Rs. 917.20, up by 17.20 points or 1.91% from its previous closing of Rs. 900.00 on the BSE. The scrip opened at Rs. 912.90 and has touched a high and low of Rs. 939.00 and Rs. 911.00 respectively. So far 101447 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 939.00 on 25-Nov-2023 and a 52 week low of Rs. 310.00 on 09-May-2024. Last one week high and low of the scrip s...
One97 Communications shines on introducing automatic top-up for Paytm UPI Lite
One97 Communications shines on introducing automatic top-up for Paytm UPI Lite
Source: Accord Fintech
2024-11-25 09:53:17 am
Paytm Transforms Indian Wedding Traditions with QR Code Maala - A Digital Innovation Goes Viral In a delightful twist to wedding traditions, Paytm has captured the nation's imagination. A recent video showcasing a groom adorned with a maala made of Paytm QR codes instead of traditional cash has gone viral. Accompanied by the caption, "Dulhe ka sehra suhana lagta hai, Dulha toh Paytm ka deewana lagta hai," the video has sparked widespread enthusiasm across social media platforms, celebrating the innovative use of Paytm UPI for mobile payments at Indian weddings. The vide...
Paytm Transforms Indian Wedding Traditions with QR Code Maala - A Digital Innovation Goes Viral
Paytm Transforms Indian Wedding Traditions with QR Code Maala - A Digital Innovation Goes Viral
Source: PR Agency
2024-11-22 12:18:10 pm
Paytm Does Drone Show for UPI; Lights Up the Sky This Diwali in Noida One97 Communications Limited (OCL), which owns the brand Paytm, India’s leading payments and financial services distribution company and pioneer of QR, Soundbox and mobile payments, took its Diwali celebrations to new heights with a spectacular drone light show at its Noida headquarters. Hosted in the presence of Paytm's visionary CEO, Vijay Shekhar Sharma, the dazzling display celebrated the festival of lights. The event began with excitement as teams gathered to enjoy the evening ...
Paytm Does Drone Show for UPI; Lights Up the Sky This Diwali in Noida
Paytm Does Drone Show for UPI; Lights Up the Sky This Diwali in Noida
Source: PR Agency
2024-11-05 05:39:00 pm
Diwali Picks 2024 By Prabhudas Lilladher Capital Large Cap: HDFC Life Insurance Market Cap: INR 1,54,099 crore | CMP: INR 716 * Expect high-teens VNB growth with rangebound margins, leveraging multiple products and channels * The company remains on track for a 17% VNB and EVOP CAGR, with a 17% medium-term operating RoEV * H2 will be eventful, reflecting impact of revised surrender value guidelines, momentum in ULIPs and rate cut towards the end of the year * Strong growth in new business premiums expected, driven by new la...
Diwali Picks 2024 By Prabhudas Lilladher Capital
Diwali Picks 2024 By Prabhudas Lilladher Capital
Source: Prabhudas Lilladher Capital
2024-10-29 09:16:28 am
Paytm goes live with onboarding of new users for UPI; link your bank account on Paytm app to get a new UPI ID, for super fast payments One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR, Soundbox and mobile payments, has gone live with the onboarding of new UPI users on the Paytm app. This comes after the Company received approval from the National Payments Corporation of India (NPCI) on October 22, to onboard new UPI users. Paytm spokesperson said, “As the pioneers of mobile payments in India and a homeg...
Paytm goes live with onboarding of new users for UPI; link your bank account on Paytm app to get a new UPI ID, for super fast payments
Paytm goes live with onboarding of new users for UPI; link your bank account on Paytm app to get a new UPI ID, for super fast payments
Source: PR Agency
2024-10-24 05:29:29 pm
Paytm gets NPCI nod to onboard new UPI users One97 Communications (OCL), the company that operates Paytm, said on Tuesday that it received a nod from the National Payments Corporation of India (NPCI) to onboard new UPI users.  The permission was granted by NPCI Managing Director and Chief Executive Officer (CEO) Dilip Asbe following a request made by OCL on August 1. In a letter to OCL founder and CEO Vijay Shekhar Sharma, the NPCI chief stated: "Upon examination of your request, we hereby accord our approval and permit ...
Paytm gets NPCI nod to onboard new UPI users
Paytm gets NPCI nod to onboard new UPI users
Source: IANS
2024-10-23 10:23:28 am
India's Paytm posts narrower Q/Q loss before exceptional item on payments business recovery India's Paytm reported a narrower sequential quarterly loss before exceptional items on Tuesday, as its digital payments business recovers from the central bank-ordered winding down of its banking unit earlier this year. The company posted a loss of 4.07 billion rupees ($48.41 million) before exceptional items and tax, smaller than the record 8.39 billion rupees loss in the previous quarter but bigger than 2.73 billion rupees a year earlier. On a net basis, Paytm reported its first-...
India's Paytm posts narrower Q/Q loss before exceptional item on payments business recovery
India's Paytm posts narrower Q/Q loss before exceptional item on payments business recovery
Source: Reuters
2024-10-22 11:47:49 am
Paytm and Axis Bank Launch `Last Minute Deals' Diwali Sale; Offer Discounts of up to Rs 5,000 for Eleventh Hour Bookings One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR, Soundbox and mobile payments, has announced its ‘Last-m     inute' Diwali Sale for travel bookings, in partnership with Axis Bank. This exclusive sale for Paytm users, running from October 13 to October 31 marks the first-ever campaign offering competitive discounts for bookings made less than 15 days...
Paytm and Axis Bank Launch `Last Minute Deals' Diwali Sale; Offer Discounts of up to Rs 5,000 for Eleventh Hour Bookings
Paytm and Axis Bank Launch `Last Minute Deals' Diwali Sale; Offer Discounts of up to Rs 5,000 for Eleventh Hour Bookings
Source: PR Agency
2024-10-15 09:32:44 am
16 companies pick candidates for over 1,000 jobs at Delhi job fair: IT Ministry Sixteen companies shortlisted candidates against more than 1,000 job openings in their respective companies at a job fair organised by the National Institute of Electronics and Information Technology (NIELIT) here, the IT Ministry informed on Sunday.  Dr Madan Mohan Tripathi, Director General, NIELIT, said that at least 6,000 offer letters have been given in the job fairs organised by NIELIT across the country last year and the number is set to increase this year. “The job fa...
16 companies pick candidates for over 1,000 jobs at Delhi job fair: IT Ministry
16 companies pick candidates for over 1,000 jobs at Delhi job fair: IT Ministry
Source: IANS
2024-09-30 08:43:01 am
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets * Offers exclusive discounts on bookings done between September 26 and October 5 * Provides free cancellation on flight, train and bus tickets in case of last minute change in plans * Brings exciting offers in partnership with leading banks like ICICI Bank, RBL Bank, Bank of Baroda, and AU Small Finance Bank One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR, Sou...
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets
Source: PR Agency
2024-09-28 02:08:21 pm
Paytm launches Travel Carnival Sale for Ganesh Chaturthi; offers exclusive discounts on flight, train and bus tickets One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR and mobile payments, has announced Paytm Travel Carnival Sale from September 5th to 9th, offering users exclusive discounts on flight, train, and bus tickets. This limited-time offer is designed to make festive travel more affordable. For flight bookings, Paytm is offering  a flat 12% discount of up to Rs.1,500 on payments made ...
Paytm launches Travel Carnival Sale for Ganesh Chaturthi; offers exclusive discounts on flight, train and bus tickets
Paytm launches Travel Carnival Sale for Ganesh Chaturthi; offers exclusive discounts on flight, train and bus tickets
Source: PR Agency
2024-09-06 03:03:32 pm
India's Paytm gets government nod for investment in payments arm India's Paytm has received an approval from the country's finance ministry to invest in its payment services business, the fintech firm said on Wednesday. One 97 Communications, popularly known as Paytm, has been under the scrutiny of India's banking regulator and financial crime-fighting agency after the central bank ordered it to wind down its payments bank in January. With the latest approval, the company will resubmit an application with the ministry to regain a license ...
India's Paytm gets government nod for investment in payments arm
India's Paytm gets government nod for investment in payments arm
Source: Reuters
2024-08-29 09:23:27 am
India`s Paytm`s payments services arm receives government approval  India's Paytm got approval from the finance ministry to invest in its payment services business, the fintech firm said on Wednesday. With the approval, the payment services business will resubmit application for its payment aggregator license.
India`s Paytm`s payments services arm receives government approval
India`s Paytm`s payments services arm receives government approval
Source: Reuters
2024-08-28 05:33:35 pm
Paytm sells entertainment ticketing business to Zomato for Rs 2,048 crore Digital payments major Paytm on Wednesday announced to sell its entertainment ticketing business to food aggregator Zomato for Rs 2,048 crore in cash, in a move to focus on core payments and financial services distribution.  The transfer will also include 280 existing employees from the entertainment ticketing business at the company. One 97 Communications Limited (OCL), the parent company of Paytm, will transfer its entertainment ticketing business to Zomato by transfer of OCL&rsq...
Paytm sells entertainment ticketing business to Zomato for Rs 2,048 crore
Paytm sells entertainment ticketing business to Zomato for Rs 2,048 crore
Source: IANS
2024-08-22 09:53:11 am
Paytm proposes reduced remuneration for board members, sets annual compensation at Rs 48 lakh for good governance Ahead of its Annual General Meeting on September 12, Paytm’s board of directors has opted for a significant salary revision, highlighting their commitment to the company's responsible financial discipline and good corporate governance.   The new proposed remuneration framework will be subject to shareholder approval, a company statement said. Previously, the annual salaries of Non-Executive Independent Directors of Paytm’s board, including Ashit Ranjit Lilani, was s...
Paytm proposes reduced remuneration for board members, sets annual compensation at Rs 48 lakh for good governance
Paytm proposes reduced remuneration for board members, sets annual compensation at Rs 48 lakh for good governance
Source: IANS
2024-08-22 09:37:02 am
Paytm share price sees positive momentum, as firm announces Q1 FY25 results In a wider trend when stock prices of domestic technology majors are down by 2-2.7 per cent, One 97 Communications, the parent company that operates the brand Paytm, has seen an upward trend, after the firm announced its financial results for the first quarter of FY 2025.  The share price of Paytm is trending at Rs 451 mark, a 1.13 per cent rise during the day trade. Shares of One 97 Communications, closed at Rs 445.30 apiece at the end of the day on Thursday. However, shares of it...
Paytm share price sees positive momentum, as firm announces Q1 FY25 results
Paytm share price sees positive momentum, as firm announces Q1 FY25 results
Source: IANS
2024-07-19 03:10:36 pm
Exclusive-India`s Paytm gets government panel nod to invest in payments arm, sources say India's beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest 500 million rupees ($6 million) in a key subsidiary, three sources with direct knowledge of the matter said. The approval, which still has to be vetted by the finance ministry, will remove the main stumbling block to the unit, Paytm Payment Services, resuming normal business operations. Paytm Payment Services is one of the biggest remaining parts of the fintech ...
Exclusive-India`s Paytm gets government panel nod to invest in payments arm, sources say
Exclusive-India`s Paytm gets government panel nod to invest in payments arm, sources say
Source: Reuters
2024-07-09 03:28:19 pm
`Paytm was like a daughter to me who met with an accident`: CEO Vijay Shekhar Sharma Paytm Founder and CEO Vijay Shekhar Sharma has said the company was like his daughter who was a school topper and met with an accident on the way to an entrance test.  Metaphorically speaking at the 7th JITO Incubation and Innovation Fund (JIIF) Foundation Day, Sharma said, "As a founder, my company is like my daughter...as a company, we were getting mature...it is just as if a daughter who is a school topper has met with an accident on way to an entrance test...that is the kind ...
`Paytm was like a daughter to me who met with an accident`: CEO Vijay Shekhar Sharma
`Paytm was like a daughter to me who met with an accident`: CEO Vijay Shekhar Sharma
Source: IANS
2024-07-08 09:28:02 am
Paytm Maintains Focus on Regulated Business Operations, Denies Reports of Shift from Licensed Operations One97 Communications Limited (OCL), which owns the Paytm brand, India's leading payments and financial services distribution company and the pioneer of QR and mobile payments, has reaffirmed its commitment towards building on its core regulated business lines of payments and financial services, stating that there is no change in its ‘operating strategy’. Dismissing misleading media reports claiming that Paytm's leadership has decided to abandon licensed business in favo...
Paytm Maintains Focus on Regulated Business Operations, Denies Reports of Shift from Licensed Operations
Paytm Maintains Focus on Regulated Business Operations, Denies Reports of Shift from Licensed Operations
Source: PR Agency
2024-07-01 04:48:45 pm
In talks with Paytm to acquire its movies and events biz: Zomato Online food delivery platform Zomato on Sunday confirmed that it is in discussions with financial services major Paytm for acquiring its movies and ticketing business but “no binding decision has been taken at this stage”.  In a stock exchange filing, the company said the discussion to acquire Paytm’s movies and ticketing business is being undertaken “with an intent to further strengthen our Going-out business and is in line with our stated position of focusing...
In talks with Paytm to acquire its movies and events biz: Zomato
In talks with Paytm to acquire its movies and events biz: Zomato
Source: IANS
2024-06-17 09:15:22 am
Paytm shows early signs of recovery in UPI transactions, sees growth in payment value processed Payment and financial services company Paytm is witnessing early signs of recovery and strong stabilisation for its Unified Payments Interface (UPI) business, marking a strong turnaround for the company.  The total value of UPI transactions processed on the Paytm platform grew to Rs 1.24 trillion in May, on the back of the company launching several initiatives for users such as Credit Card on UPI, as well as pushing the lever on UPI Lite. With total transactions on the platform sta...
Paytm shows early signs of recovery in UPI transactions, sees growth in payment value processed
Paytm shows early signs of recovery in UPI transactions, sees growth in payment value processed
Source: IANS
2024-06-07 05:04:07 pm
17 teams emerge as winners in `Build for Bharat` initiative by ONDC, others Seventeen teams emerged as winners in the 'Build for Bharat' initiative, launched by the government's Open Network for Digital Commerce (ONDC), in collaboration with Startup India, Google Cloud India, Antler in India, Protean and Paytm, it was announced on Wednesday.  Launched on December 4, 2023 across more than 50 cities, the 'Build for Bharat' initiative saw over 27,000 participants representing startups, companies and colleges from across the country. The in...
17 teams emerge as winners in `Build for Bharat` initiative by ONDC, others
17 teams emerge as winners in `Build for Bharat` initiative by ONDC, others
Source: IANS
2024-05-29 02:49:20 pm
India`s Paytm says not in talks to sell stake Indian digital payments firm Paytm said on Wednesday that it was not in talks to sell a stake, contrary to what a media report had said earlier in the day. Gautam Adani, Indian billionaire and chairman of ports-to-power conglomerate Adani Group, is in talks with Paytm founder Vijay Shekhar Sharma to acquire a stake, the Times of India had reported, citing sources familiar with the matter. "We hereby clarify that the abovementioned news item is speculative and the company is not eng...
India`s Paytm says not in talks to sell stake
India`s Paytm says not in talks to sell stake
Source: Reuters
2024-05-29 09:14:40 am
Paytm to focus on UPI, card processing, EMI for strong payment services growth Payment and financial services company Paytm on Friday said that it is bullish on Unified Payments Interface (UPI) alongside card processing and EMI payments to drive its payment services business.  These business lines are expected to play a key role in Paytm's strong revival and maintain its position as a payments leader in the country. The company highlighted that UPI, which previously contributed 70 per cent of the total Gross Merchandise Value (GMV), now accounts for nearl...
Paytm to focus on UPI, card processing, EMI for strong payment services growth
Paytm to focus on UPI, card processing, EMI for strong payment services growth
Source: IANS
2024-05-24 03:13:52 pm
Paytm launches new ad campaign to promote its core payment solutions for consumers, merchants One97 Communications Limited (OCL), which owns leading payments and financial services company Paytm, on Thursday launched a new ad campaign to enhance existing user engagement by showcasing the company’s reliable payment products and experience.  This campaign promotes UPI money transfers, Scan and Pay, pioneering Soundbox, Paytm UPI Lite wallet, Credit Card on UPI, recharges & bill payments along with other payment instruments available on the Paytm app, reflecting key foc...
Paytm launches new ad campaign to promote its core payment solutions for consumers, merchants
Paytm launches new ad campaign to promote its core payment solutions for consumers, merchants
Source: IANS
2024-05-23 03:04:43 pm
Paytm FY24 revenue increases 25% to Rs 9,978 Cr; reports first full year EBITDA before ESOP profitability (since IPO) of Rs 559 Cr One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR, soundbox and mobile payments, has announced Q4FY24 and FY24 results.   During the financial year (FY24), the company continued to build on its strong growth momentum across core payments and financial services distribution business with revenue from operations increasing 25% YoY to Rs 9,978 Cr in FY24. GMV growth, device add...
Paytm FY24 revenue increases 25% to Rs 9,978 Cr; reports first full year EBITDA before ESOP profitability (since IPO) of Rs 559 Cr
Paytm FY24 revenue increases 25% to Rs 9,978 Cr; reports first full year EBITDA before ESOP profitability (since IPO) of Rs 559 Cr
Source: PR Agency
2024-05-22 11:58:46 am
Paytm reports 3 pc decline in Q4 revenue at Rs 2,267 crore Payment and financial services company Paytm on Wednesday reported 3 per cent decline in its revenue for the fourth quarter of FY24 to Rs 2,267 crore. The decline, said the company, was primarily influenced by macroeconomic challenges, competitive intensity and regulatory changes. Despite the revenue dip, Paytm said it achieved significant progress in improving its profitability and operational efficiency. Revenue from operations witnessed an increase of 25 per cent year-over-year (Y...
Paytm reports 3 pc decline in Q4 revenue at Rs 2,267 crore
Paytm reports 3 pc decline in Q4 revenue at Rs 2,267 crore
Source: IANS
2024-05-22 11:12:00 am
India`s Paytm reports wider Q4 loss on banking unit wind down Indian digital payments firm Paytm posted a wider loss in the fiscal fourth quarter on Wednesday, hurt by weakness in its payments and financial services business after the central bank shut down its banking unit. The company's consolidated net loss was at 5.5 billion rupees as it took an impairment of 2.27 billion rupees towards scaling down the business of Paytm Payments Bank. Paytm had reported a loss of 1.68 billion rupees a year ago in the March-quarter. Meanwhile, its conso...
India`s Paytm reports wider Q4 loss on banking unit wind down
India`s Paytm reports wider Q4 loss on banking unit wind down
Source: Reuters
2024-05-22 10:56:30 am
Paytm travel carnival offers deals on domestic flights, discounts on train, bus bookings Financial services company Paytm on Friday launched 'Paytm Travel Carnival', offering exclusive summer deals and discounts on travel bookings, including flights, trains, and buses. The special sale will be live between May 17 and May 21. On booking domestic flights via Paytm, users can use the "SUMMERSALE" promo code to unlock a double advantage: zero convenience fees and a 10 per cent discount up to Rs 750. For international flights, one can get an 8 per cent disco...
Paytm travel carnival offers deals on domestic flights, discounts on train, bus bookings
Paytm travel carnival offers deals on domestic flights, discounts on train, bus bookings
Source: IANS
2024-05-17 04:04:41 pm
Hero MotoCorp rises on joining ONDC Network Hero MotoCorp is currently trading at Rs. 4958.05, up by 70.10 points or 1.43% from its previous closing of Rs. 4887.95 on the BSE. The scrip opened at Rs. 4920.00 and has touched a high and low of Rs. 5044.00 and Rs. 4904.70 respectively. So far 25973 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5,044.00 on 14-May-2024 and a 52 week low of Rs. 2611.05 on 15-May-2023. Last one week high and low of the scrip s...
Hero MotoCorp rises on joining ONDC Network
Hero MotoCorp rises on joining ONDC Network
Source: Accord Fintech
2024-05-14 11:50:52 am
Can Vijay Shekhar Sharma fix Paytm's woes as he takes over the reins? The shares of Paytm have crashed about 50 per cent this year, amid high-profile exits, the RBI ban on certain businesses of Paytm Payments Bank Ltd (PPBL), and fresh reports about some lending partners revoking loan guarantees due to repayment defaults from customers. The Paytm stock closed at Rs 317.15 on Wednesday, a decline of another 5 per cent and breaking its all-time low of Rs 318 on February 16 this year. As the share price continues to hit the lower circuit amid fresh uncertain...
Can Vijay Shekhar Sharma fix Paytm's woes as he takes over the reins?
Can Vijay Shekhar Sharma fix Paytm's woes as he takes over the reins?
Source: IANS
2024-05-08 05:00:17 pm
Paytm announces leadership change to double down on payments & financial services offerings The One97 Communications Limited (OCL), which owns Paytm, on Saturday announced to expand its leadership team to build a large and profitable payment and financial services distribution business. Bhavesh Gupta, President and Chief Operating Officer, who was overseeing the payments and lending businesses, has decided to take a career break due to “personal reasons”, the company said in a statement. He will be transitioning to an advisory role, offering guidance for Paytm&rsqu...
Paytm announces leadership change to double down on payments & financial services offerings
Paytm announces leadership change to double down on payments & financial services offerings
Source: IANS
2024-05-05 09:09:14 am
Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO Yes Bank saw a key growth in unified payments interface (UPI) transactions monthly -- from nearly 3.3 to 5 million -- after its partnership with Paytm, its Managing Director and CEO, Prashant Kumar, said on Saturday. Yes Bank registered Rs 452 crore in net profit for the fourth quarter (Q4) of FY24 compared to Rs 202.43 crore in the same quarter last fiscal year. After the robust quarterly results, Kumar said that before the partnership with Paytm, "we were seeing around 3.3 millio...
Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO
Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO
Source: IANS
2024-04-28 08:54:35 am
Paytm accelerates user migration to PSP Banks with NPCI approval One 97 Communications Limited (OCL) which owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR, soundbox and mobile payments, received go ahead, on Tuesday from the National Payment Corporation of India (NPCI) to start the user migration to new Payment System Provider (PSP) bank handles immediately. Following NPCI's approval on March 14, 2024, to onboard OCL as a Third Party Application Provider (TPAP) on the Multi Payment Service Pr...
Paytm accelerates user migration to PSP Banks with NPCI approval
Paytm accelerates user migration to PSP Banks with NPCI approval
Source: IANS
2024-04-18 09:40:38 am
Former Paytm, NPCI, and UIDAI CXO Sanjay Saxena Joins CIFDAQ as Co-Founder and CEO, India and South East Asia (SEA) Operations CIFDAQ Blockchain Ecosystem Ind Limited, a Fintech New Age Blockchain company dedicated to transforming the blockchain landscape through its pioneering approach to crafting a scalable, comprehensive artificial. Intelligence-powered blockchain ecosystem for enhanced security in exchanges and MPC wallets, we proudly welcome Sanjay Saxena as Co-Founder and CEO, India and South East Asia (SEA) Operations.   Sanjay Saxena brings with him a wealth of expertise an...
Former Paytm, NPCI, and UIDAI CXO Sanjay Saxena Joins CIFDAQ as Co-Founder and CEO, India and South East Asia (SEA) Operations
Former Paytm, NPCI, and UIDAI CXO Sanjay Saxena Joins CIFDAQ as Co-Founder and CEO, India and South East Asia (SEA) Operations
Source: PR Agency
2024-04-16 03:16:54 pm
RBI`s decision on 3rd-party UPI apps to democratise wallet market: Experts Industry experts on Friday welcomed the move by the Reserve Bank of India (RBI) to permit the use of third-party UPI apps for making digital payments from prepaid payment instruments (PPI) wallets. PPIs can come in the form of payment wallets, smart cards, magnetic chips, vouchers and mobile wallets, etc. At the moment, UPI payments from PPI can only be through the web or mobile app provided by the PPI issuer. Shivaji Thapliyal, Head of Research and Lead Analyst, Yes Securities, said...
RBI`s decision on 3rd-party UPI apps to democratise wallet market: Experts
RBI`s decision on 3rd-party UPI apps to democratise wallet market: Experts
Source: IANS
2024-04-05 02:05:58 pm
India to broaden e-rupee distribution beyond banks to boost retail use, central bank says The Reserve Bank of India (RBI) plans to use non-bank payment system operators, including third-party payment app providers, to make the e-rupee more accessible to retail users, it said on Friday. The RBI piloted its central bank digital currency (CBDC) in 2023 but only allowed banks to offer these tokens, which led to subdued transaction volumes. It has now proposed that non-bank payment system operators, which include third-party payment app providers like PhonePe, Google Pay and Payt...
India to broaden e-rupee distribution beyond banks to boost retail use, central bank says
India to broaden e-rupee distribution beyond banks to boost retail use, central bank says
Source: Reuters
2024-04-05 12:58:53 pm
UPI transactions volume surge 56 pc, average ticket size drops 8 pc The number of Unified Payments Interface (UPI) transactions witnessed a staggering growth at 56 per cent (year-on-year) in the second half of last year (H2 2023), with the volume being at 65.77 billion from 42.09 billion in H2 2022, a new report showed on Wednesday. The value of transactions in the same period surged by 44 per cent from Rs 69.36 trillion to Rs 99.68 trillion, according to the report by global payment services leader Worldline. In terms of volume and value, PhonePe, Goog...
UPI transactions volume surge 56 pc, average ticket size drops 8 pc
UPI transactions volume surge 56 pc, average ticket size drops 8 pc
Source: IANS
2024-04-03 03:19:19 pm
Venture Catalysts leads funding in prominent ONDC rails infrastructure platform Plotch.ai Early-stage investment firm Venture Catalysts, on Monday, said that it has led a seed funding round in Plotch.ai, the country's largest Open Network for Digital Commerce (ONDC) rails infrastructure company. Plotch.ai's partnership with Google to integrate AI into the ONDC network is a move to promote local language adoption and enhance accessibility for rural India. The fresh investment (the financial terms were not disclosed) by Venture Catalysts and AC Ventures will fuel Plotc...
Venture Catalysts leads funding in prominent ONDC rails infrastructure platform Plotch.ai
Venture Catalysts leads funding in prominent ONDC rails infrastructure platform Plotch.ai
Source: IANS
2024-04-01 04:42:52 pm
Paytm streamlines metro rides with Easy QR Ticket Purchases & Smart Card Recharges -       Bringing Seamless Transit Solutions to India's Major Cities: Delhi, Mumbai, Hyderabad, Chennai, and Bengaluru One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading digital payments and financial services company and the pioneer of QR code, soundbox, and mobile payments, offers metro card recharge for metro commuters in Bengaluru, Chennai, Delhi, Hyderabad, and Mumbai directly through the app. This feature all...
Paytm streamlines metro rides with Easy QR Ticket Purchases & Smart Card Recharges
Paytm streamlines metro rides with Easy QR Ticket Purchases & Smart Card Recharges
Source: PR Agency
2024-03-29 05:05:32 pm
Paytm se ONDC Network celebrates Holi, avail up to 70% off on Ghujiya, Mithai, Thandai, dry fruits, sunglasses and more PAI Platforms Pvt Ltd has announced Holi 2024 sale, ending on March 25, offering exciting offers on Gujiya, Thandai, Holi special food delivery combos on Paytm se ONDC Network. With this, users can shop for a wide range of curated products at discounts up to 70% across various categories such as Food Delivery,  Grocery, Beauty & Personal Care, and Food. This provides an opportunity to users to order from a host of products from famous brands such as Bikanervala, The Man Company, e...
Paytm se ONDC Network celebrates Holi, avail up to 70% off on Ghujiya, Mithai, Thandai, dry fruits, sunglasses and more
Paytm se ONDC Network celebrates Holi, avail up to 70% off on Ghujiya, Mithai, Thandai, dry fruits, sunglasses and more
Source: PR Agency
2024-03-23 09:55:31 am
India`s Paytm jumps 5% as digital payments app survives banking unit shutdown Shares of India's Paytm rose a stock exchange-allowed maximum of 5% on Friday, a day after it got a third-party application provider license that will allow it to offer digital payments after its banking unit ceases operations. The license, granted by the country's payments authority, came as Paytm Payments Bank will cease to operate on March 15, following regulatory action due to non-compliance with certain norms. Paytm's shares were up 5% at 370.70 rupees early in the sess...
India`s Paytm jumps 5% as digital payments app survives banking unit shutdown
India`s Paytm jumps 5% as digital payments app survives banking unit shutdown
Source: Reuters
2024-03-15 12:00:02 pm
India`s Zomato hits record high, bucking internet stocks` sluggishness Shares of Indian food delivery platform Zomato hit a record high on Friday, as improving profitability paves the way for future growth, triggering a turnaround in investor sentiment. Zomato is the most-valuable internet stock in Asia's third-largest economy, with a market capitalisation of more than 1.51 trillion rupees ($18 billion). On Friday, its shares rose nearly 5% to 173.5 rupees. India's several new-age internet companies that hit the markets during the IPO frenzy in 202...
India`s Zomato hits record high, bucking internet stocks` sluggishness
India`s Zomato hits record high, bucking internet stocks` sluggishness
Source: Reuters
2024-03-01 02:34:45 pm
PPBL demonstrates efficient resolution of customer issues within days In the ever-evolving financial sector, Paytm Payments Bank Ltd. (PPBL) has shown a noteworthy commitment to customer satisfaction through the swift resolution of customer complaints. During the fiscal year that ended on March 31, 2023, PPBL encountered a notable increase in customer complaints, receiving 66,751 complaints compared to 26,692 the previous year. Despite the spike, the majority of these complaints, particularly the 39,000 related to internet and mobile banking, along with 8...
PPBL demonstrates efficient resolution of customer issues within days
PPBL demonstrates efficient resolution of customer issues within days
Source: IANS
2024-02-29 01:52:22 pm
Indian finance minister asks central bank, fintechs to hold monthly meetings in wake of Paytm India's finance minister has asked the Reserve Bank of India to hold monthly meetings with fintech firms to address their regulatory concerns, the ministry said in a statement, following a crisis at Paytm Payments Bank triggered by a central bank order. Finance Minister Nirmala Sitharaman met representatives from the fintech industry on Monday to hear their concerns in the wake of the central bank's order to Paytm Payments Bank to stop accepting fresh deposits in its account or pop...
Indian finance minister asks central bank, fintechs to hold monthly meetings in wake of Paytm
Indian finance minister asks central bank, fintechs to hold monthly meetings in wake of Paytm
Source: Reuters
2024-02-27 09:10:45 am
RBI asks NPCI to ensure seamless migration for UPI users of Paytm Payments Bank The Reserve Bank of India (RBI) on Friday asked the National Payments Corporation of India (NPCI) to ensure alternative arrangements for customers using the Unified Payments Interface of Paytm Payments Bank Ltd (PPBL) so that '@paytm' handles can be migrated in a seamless manner. The central bank advised that in the event of NPCI granting Third Party Application Provider (TPAP) status to One97 Communication Ltd (OCL), it may be stipulated that '@paytm' handles "are to ...
RBI asks NPCI to ensure seamless migration for UPI users of Paytm Payments Bank
RBI asks NPCI to ensure seamless migration for UPI users of Paytm Payments Bank
Source: IANS
2024-02-24 09:46:05 am