Mobile Wallet
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Franchise India Bureau Jul 06 2018 - 3 min readPhonePe, the digital payments arm of homegrown e-tailer Flipkart, is in advanced talks to acquire the Point of Sale software-as-a-service (SaaS) platform run by Tiger Global-backed Zopper, two people familiar with the development said. The terms of the deal could not be immediately ascertained. A formal announcement is likely to be made within a week, ...
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Franchise India Bureau Jun 05 2018 - 1 min readOnline payments platform, Paytm has announced to invest $5-10 million (about Rs 33.5-67 crore) in Mumbai-based digital lending startup CreditMate in the second round of funding after it first infused an undisclosed sum in late 2017, according to people close to the development. CreditMate chief executive officer Jonathan Bill said that ...
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Franchise India Bureau May 15 2018 - 1 min readThe Alibaba and SoftBank-backed digital payments major Paytm has planned to invest Rs 5,000 crore over the next three years as it looks to enhance bank transfer and other payments facilities for customers through its platform. The mobile payment platform said it has unified 'bank transfers' under a new 'My Payments' ...
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Franchise India Bureau Apr 26 2018 - 1 min readJapan’s SoftBank and China’s Alibaba have jointly invested $110 million into the homegrown leading online marketplace, Paytm according to the company’s latest filings with the Ministry of Corporate Affairs (MCA). This infusion fills up Paytm’s coffers with a total of $220 million and increases SoftBank’s stake to 11.99% while bringing down ...