Tagged: paytm

China: WeiyangX Fintech Review

Financial Technology Becomes a New Spotlight of the Belt and Road Initiative Belt and Road Forum for International Cooperation, also known as the Belt and Road Initiative, was held in Beijing on May 14-15. President Xi Jinping highlighted the role that financial technology has played… Read More

Paytm Payments Bank Limited to Launch Next Week

Paytm is launching a bank. The news was published in advance of the announcement that SoftBank had invested $1.6 billion into Paytm’s parent company One97 Communications Limited. The SoftBank investment may have been incentivized due to the fact the Reserve Bank of India had approved the… Read More

SoftBank Backs Paytm with $1.6 Billion

Paytm has announced that SoftBank has invested in their parent company One97 Communications Limited. The $1.6 billion commitment is said to be the single largest funding round from a single investor in India. Crowdfund Insider reported this past week that Paytm was discussing an investment… Read More

MobiKwik Reaches for Unicorn Status, Set to Raise Funding from BlackRock

One billion dollars. MobiKwik is set to raise funds from investors including BlackRock Inc. which will value the innovative Indian Fintech company at about $1 billion, according to Bloomberg. Headquartered in Gurgaon, MobiKwik offers a mobile phone based payment system. Customers add money to an online wallet that… Read More

KPMG: $3.2 Billion in Fintech Deals During Q1 as 2017 “Starts Modestly”

KPMG has published their most recent Pulse of Fintech covering the global Fintech industry during Q1 of 2017. According to their numbers, global investment in Fintech topped $3.2 billion accross 260 deals the first three months of the year. KPMG says that Fintech investment got… Read More

Alibaba Continues its Push for Global Dominance with Stake in Paytm

Alibaba has been roaming the globe acquiring or investing digital businesses. The most recent investment lands in India – marking an important entrant for Jack Ma’s firm. According to multiple reports, Alibaba has led a funding round in Paytm, an Indian ecommerce and payments platform. A… Read More