Total investments in the first six months of 2017 was a record $11.34 billion
Paytm plans to launch mutual funds, insurance and banking services and s also providing the option to transact offline with a physical debit card
Nandan Nilekani, Gokul Rajaram at top two spots in value terms
Nivedita Mookerji finds out how Paytm CEO Vijay Shekhar Sharma is handling his soaring popularity after the note ban as well as the criticism that comes as a package deal.
Using the app, bank transfers can be done from/to any bank account, making it easier to make payments at no charge. Even non-KYC Paytm users can avail the facility.
Private Equity investment in Q1, 2015 witnessed a year- on-year jump of 30 per cent to $2.6 billion.
'India has tremendous potential for digital ventures,' says Ratan Tata.
The firm will invest over Rs 1,000 crore in marketing, cash backs and promotional spends
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Paytm's secondary share sale gave an opportunity to its employees - both former and current - to liquidate their vested Esops and earn around Rs 500 crore in total.
Every customer, on opening a Payments Bank account, will get a cashback of Rs 250 as soon they bring deposits of Rs 25,000 in their bank account. The account will have zero balance requirement and every online transaction (such as IMPS, NEFT, RTGS) will be free of charge.
Unlike most MF distributors in India, Paytm Money will be offering low-cost direct plans, which don't charge for distribution expenses
Alibaba Group Holdings Ltd may scrap plans to invest in online marketplace Snapdeal, technology website Recode has reported.
The move is a show of faith from three of the world's biggest technology companies in fast-growing Snapdeal
Alibaba in talks to invest up to $700 million in Snapdeal
It is watching e-commerce policy fineprint before spelling out India plan
Joint venture to take on Amazon will be announced next week.
Paytm will cross 100 million wallets ahead of its self-determined deadline of 2015-end. It currently has 66 million.
'To all the MBAs that burn the candle at both ends, travel half-a-million miles every year, and spend little or no quality time with their families, the rise to riches of Mr Bikhchandani and Mr Banga, should be true inspiration,' notes Sandeep Goyal.
Alipay payment service is about bringing the world's consumers and businesses together.
Internet, tech, infra, realty in India might gain
The complaint from the Manager Legal M Sivakumar claimed that the company makes payment for defective products received by a customer and also arranges a reverse pickup of the damaged product which is sent to the merchant.
With the arrival of new players such as Amazon Pay, Google Tez and Flipkart's PhonePe, digital money companies are now changing their business pitch.
Uber India has readied itself for another $500 million (Rs 3,300 crore) investment in the next three months.
The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
In August, RBI allowed 11 business houses to start a payments bank.
'I can tell shareholders we're going to be very responsible with our capital, we're going to be absolutely execution focused.'
Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's Softbank Corp to Singapore's Temasek Holdings.
Tata Group's CLiQ is the latest to join the e-commerce club, to compete with the likes of Amazon, Flipkart and Snapdeal.
The mobile wallet player plans to add more Chinese sellers to its e-commerce platform and boost technology for its soon-to-be-launched payments bank
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Traders were up in arms, fearing huge job loss if Walmart was to enter.
Estimates by retail consultancy Technopak suggest that direct subsidy to consumers because of e-commerce this year would be over Rs 12,000 crore.
Paytm is just embarking on building a TaoBao like entity in India, it may want to address a challenge that the latter faced a few years after its launch.
What explains Vijay Shekhar Sharma's optimism when other players have started to tread cautiously is Paytm's huge customer base: It has 120 million users and counting, says Nivedita Mookerji.
Ma and the other co-founders had finalised the name "Alibaba" after much research on its acceptability.
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