Tagged: paytm

Paytm Shares Fall to All-Time Low Following RBI’s Orders Preventing Fintech from Onboarding New Clients

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The Reserve Bank of India (RBI) has reportedly instructed Paytm Payments Bank to stop onboarding new clients and to also hire an IT audit company while citing “supervisory concerns.” In an official statement, the RBI stated that Paytm Payments Bank should stop taking on new… Read More

Indian Fintech Paytm Introduces Plutus, A Cloud Cost Optimization Tool

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Indian Fintech firm Paytm reveals that it’s growing rapidly and so is the cloud infrastructure. The main reason for choosing cloud computing and processing is its ability to scale in and scale out according to changing requirements. As explained by Paytm in a blog post,… Read More

Indian Payments Fintech Paytm Explains How Merchants May Verify Payment Receipts with their SoundBox, and Business App

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Indian payments Fintech Paytm says that one of things they are proud of is their 23 million merchant partners, who have chosen them for the “trusted” and secure payments experience. Paytm writes in a blog post that they’ve built their leadership in the peer-to-merchants space,… Read More

India’s Payments Fintech Paytm Introduces Tokenization Solution for Online Credit and Debit Card Transfers

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In order to ensure the safety and security of the payment system, the Reserve Bank of India (RBI) has expanded the tokenization facility from an earlier version/framework to Card on File Tokenization (COFT). Virtual payments Fintech Paytm has now introduced a tokenization solution for online… Read More

Indian Fintech Firm Paytm Explains Why Investors Should Go for Digital Gold Investments

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Go for gold investments, the team at Paytm (NSE: PAYTM) recommends. Paytm writes in a blog post that gold is a “sought-after asset, the world over.” The Fintech firm gives the example of an Olympian seeking out that “glistening gold medal.” Paytm adds that this… Read More

Cashfree Payments Launches RBI-Compliant Tokenization Solution

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Cashfree Payments, an Indian payments and API banking solutions company, this week launched Token Vault, a tokenized solution enabling merchants to save card network tokens, while staying compliant with Reserve Bank of India (RBI) guidelines. Token Vault also processes payments using tokenized cards as a… Read More

Paytm IPO Attracts Heavy Hitters, Valuation Could Surge Beyond $20B

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The Government of Singapore, BlackRock Global Funds, and the Canada Pension Plan Investment Board are among the reported 122 institutional investors who have gobbled up more than $1 billion worth of shares in Paytm, which in a few short years has grown into an Indian… Read More

Payments Fintech Paytm Explains how Unified Payment Interface Improves Digital Transactions in India

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Unified Payment Interface, the easier way to transfer money from one bank in India to another, requires people to successfully complete the process of UPI registration. In order to do this, consumers need to create a unique UPI ID on any mobile payments app, like… Read More

Indian Fintech Paytm Explains How National Electronic Funds Transfer Aims to Promote Digital Transactions

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NEFT or National Electronics Funds Transfer is a facility provided (in India) by nearly all the local banking institutions. As explained in a blog post by Fintech firm Paytm, NEFT is among the most preferred methods of making money transfers in India. Via NEFT, users… Read More

Indian Digital Payments Fintech Paytm Explains how their Payouts Feature Streamlines Credit Access

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India’s Paytm, which has approved plans for almost a $2 billion IPO on the Indian bourses, recently shared how to lend credit to your clients in an effortless manner with Paytm Payouts. Over 10 years ago, could you have really imagined offering a loan to… Read More

Four Indian Fintechs to Raise up to $3 Billion via IPOs This Year

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The Fintech sector in India is getting greener by the day. At least four large Indian fintechs are readying themselves for a big bang public listing this year as the Covid-triggered pandemic has accelerated the growth of these companies. Together, these startups could raise anything… Read More

India’s Digital Payments Fintech Paytm Introduces Small Ticket, Instant Loans to Help Consumers Manage Expenses

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India’s digital payments giant Paytm recently introduced Paytm Postpaid Mini, which allows users to acquire small ticket instant loans to help them with managing their monthly or everyday expenses The Paytm team notes in a blog post that their goal is to bring clients the… Read More

India’s Major Fintech Paytm Looking to Strengthen its PG Biz via Acquisition

Alibaba-backed Indian major Fintech major Paytm is reported to be in talks with a few domestic payment gateways for a possible acquisition as it firms up its strategy to go public this year. Paytm, owned by financial services firm One97, plans a $3 billion initial… Read More

India’s Paytm confirms getting board approval for its $3bn IPO

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Alibaba-backed One97 Communications, which owns mobile payments firm Paytm, has received a green nod from its board to go public. In a letter to all its stakeholders and employees having stock options, the company said it had received in-principle approval from its board to issue… Read More

Digital Banking: India based Paytm Payments Bank Reports Strong Growth and Continued Support for UPI

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India-based Paytm Payments Bank Ltd (PPBL) says it’s “revolutionizing” the nation’s digital banking sector which has grown significantly during the past four years. Today, Paytm Payments Bank offers modern Internet banking services that are accessible via smartphones. Paytm provides current and savings accounts, fixed deposits… Read More

India’s Paytm Payments Bank Approved for @Paytm UPI Handle by SEBI to Enable Seamless Payment Mandates for IPO Applications

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Indian digital payments giant Paytm recently confirmed that its pleased to share that Paytm Payments Bank Ltd (PPBL) has been given approval for its @Paytm UPI handle from the Securities and Exchange Board of India (SEBI) to “enable fast and seamless payment mandates for IPO… Read More

President at Indian Digital Payments Giant Paytm Says Company Is “Super Comfortable” Despite Competition from Fintechs

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Madhur Deora, President at Paytm, a major digital payments company, says that there’s no doubt that India is a leading technology market. Deora, whose comments came during a recent CNBC interview, states that it’s only natural that there will be a lot of competition from… Read More

Google Temporarily Removes Paytm Mobile App from Play Store Due to Supposedly Being in Violation For Gambling

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Mobile wallet service provider Paytm announced on Friday its Android mobile app was temporarily removed from the Google Play Store. The company reassured its uses that their account balances are 100% safe and its services are fully functional. Paytm reported that it recently launched “Paytm… Read More

Indian Digital Payments Giant Paytm to Offer Additional Financial Services after Acquiring Raheja QBE, an Insurance Business

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Indian digital payments giant Paytm recently acquired insurance company Raheja QBE for $74 million. Amit Nayyar, President at Paytm, has noted that the company aims to promote greater financial inclusion by helping half a billion Indians with gaining access to modern digital platforms and services…. Read More

Overseas Expansion Is Logical Step for Alipay as China’s Fintech Sector Continues to Expand Presence in Asia, McKinsey & Co Partner Says

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The rise of Chinese Fintech firms as major industry participants across Asia is playing a vital role in transforming the region’s financial services ecosystem. Joe Ngai, partner at consultants McKinsey & Co, confirmed: “Chinese Fintech companies have been expanding overseas.”  In 2016, Ant Financial, the… Read More

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