Tagged: vijay shekhar sharma

India’s Leading Fintech Firm Paytm to Target 25 Million Retailers via Consolidated QR Payments Solution

The Indian government recently confirmed that online transactions performed using RuPay credit cards or UPI QR codes won’t face the Merchant Discount Rate (MDR). Now, the nation’s leading Fintech firm Paytm has introduced a consolidated QR payment for local retailers. The “All-in-One” QR will allow… Read More

Paytm Confirms $1 Billion Raise, Valuation Pegged at $16 Billion

India’s largest mobile payments company Paytm has confirmed a $1 billion funding round at a valuation of $16 billion. Last month, Crowdfund Insider cited a report that indicated Paytm was planning a $2 billion funding round with a valuation of $15 billion. According to a… Read More

India’s Largest Mobile Payments Group Paytm to Raise $2 Billion from Ant Financial, Softbank to Expand Operations

Paytm, India’s largest mobile payments company, is planning to raise $2 billion from investors including Alibaba’s Ant Financial and Softbank in order to compete with other giant retailers such as Amazon and Walmart, according to sources familiar with the matter As reported by the Financial… Read More

Paytm Adds Paytm Money Mutual Fund App to Wallet for its 850K Users Strong and Growing

Today Paytm‘s newest wallet addition, its Paytm Money app, went live on Android and iOS. In preparation for the launch, the platform reported reaped in 500K registrations to officially start Money’s operations with 850K users, with 65% of the users based in India’s top 15 cities. The announced… Read More

Indian Mobile Wallet Paytm Acquires FreeCharge, in Talks with SoftBank

Paytm is now in talks with SoftBank to raise up to $1.9 billion in fresh funding, hiking its value to a cool $8 billion or more, according to multiple new sources. Paytm counts over 218 million wallet users; last month alone Paytm clocked 255 million transactions.  Founded… Read More

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