Tag: Paytm
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Paytm’s Struggles and Future Plans: Navigating Through RBI Restrictions
Paytm, RBI Restrictions, Fintech, Payments Bank, Vijay Shekhar Sharma, Financial Services, Digital Payments
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Zomato in Advanced Talks to Acquire Paytm’s Movies and Ticketing Business for Rs 1,500 Crore
In a strategic move to bolster its ‘going-out’ business verticals, food delivery giant Zomato is reportedly in advanced negotiations to acquire the movie ticketing and events division of Paytm, India’s leading digital payments company. According to sources close to the matter, the acquisition deal is pegged at approximately Rs 1,500 crore, with the valuation of…
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The Rise and Rise of Paytm – A Case Study in Indian Fintech Innovation
Category Case StudyFintech has rapidly transformed the financial landscape in India, and leading the charge is Paytm. The digital payment platform has revolutionized the way Indians transact, becoming a household name synonymous with convenience and efficiency. With over 400 million users, Paytm commands a lion’s share of the digital payment market in India, making it a force…
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Paytm COO Bhavesh Gupta quits; firm rejigs senior administration
Memoir highlights Paytm had estimated a Rs 300-500 crore loss as a result of the RBI’s restriction on PPBL. Paytm’s mother or father firm One97 Communications president and chief working officer Bhavesh Gupta has resigned from the firm, an legit commentary acknowledged on Saturday. Gupta changed into as soon as guidance the lending commercial, on-line…
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More bother for Paytm, EPFO blocks transactions into accounts linked with Paytm Payments Monetary institution
Story highlights In a circular dated February 8th, the EPFO directed its field officers to no longer derive claims associated with Payment Monetary institution Restricted (PPBL) accounts PayTM is facing more bother as the Employee Provident Fund Organisation (EPFO) has presented that it’ll block deposits and credit score into EPF accounts linked with Paytm Payments…
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Chronic non-compliance ended in Paytm action, no systemic worries: RBI
Story highlights With out disclosing explicit diminutive print of what ended in the action against the fintech, Governor Shaktikanta Das made it sure that Paytm’s lack of compliance to laws doesn’t pose a systemic possibility. Chronic non-compliance by Paytm with the regulatory guidelines no matter nudges over a interval of time by some means ended…
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Paytm launches India’s first FASTag-basically basically based facility at Delhi Metro parking
Category UncategorizedPaytm Payments Financial institution on Monday mentioned it has launched the nation’s first FASTag-basically basically based Metro parking facility, in partnership with the Delhi Metro Rail Corporation (DMRC). “As an shopping bank for the parking facility on the Kashmere Gate assign, Paytm Payments Financial institution will facilitate the processing of all FASTag-basically basically based transactions…
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Paytm supports Goldman Sachs, JP Morgan as the banker for the upcoming IPO
Category Business NewsPaytm supports Goldman Sachs, JP Morgan as bankers for the upcoming IPO. #Paytm #GoldmanSachs #JPMorgan #banker #IPO
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RemitGuru to raise $50 million from a group of investors including Paytm, Infibeam
The fintech startup RemitGuru is in top talks to raise around $50 million about rupees 350 crore from existing and some of the top new investors including Paytm and Infibeam Avenues, Pentathlon Ventures, and investor Ashish Kacholia, and two people with direct knowledge of the matter said. The firm is currently in the digital remittance…
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Ola to offer doorstep delivery of oxygen concentrators to prospects
On Monday one of the philanthropic holdings of Ola, the Ola Foundation said it has recently partnered with donation platform GiveIndia to offer consumers with oxygen concentrators, and now it is the one to join the club of companies contributing towards covid relief efforts are made to the severe and deadly second wave in India. …
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BYJU’S sets up INR 20 Cr CEO’s Fund To Help Employees Pay For Covid-Related Medical Expenses
We already came across several startups, business giants, and others coming together to help India fight the severe and fatal second wave of Covid-19. Thus, business ventures are coming up to help their employees and families by keeping aside a hallowed fund to cover the Covid related medical expenses of their workforce. Some other large-scaled…
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Paytm to raise INR 10 crores to procure 30K Oxygen Concentrators, to ease the need!
India is facing a groundbreaking oxygen crisis, that is on top of its hike as compared to the first wave of covid-19. More and more powerful business tycoons, authorities, and even startups are pledging to support the nation, and our people in tough times. After Google, Tata, Microsft, and more, here’s a young startup venture…
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European Digital Bank, Revolut expanding into India
London- An US-based online banking startup Revolut having a valuation of $5.5 billion is planning an expansion into India. Revolut was founded in 2015 and started as a travel-focused service for cheap currency exchange transactions. Then, it released more features involving stock trading and cryptocurrencies. On Thursday, the company declared that it had tapped Paroma…
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Exclusive: Paytm Payments Bank to enable international money settlements
The Paytm Payments Bank plans to expand its services two facilitate cross border as well as domestic money settlements. The new strategy to grow the business and broaden the solutions is one of the the things in top discussions questions right now. The chief executive officer of Paytm Bank said that the new umbrella entity,…
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Dream11 parent co raises $400 million from investors – valuation doubles to ??
One of the popular Indian Fantasy sports platforms that allows users to play fantasy hockey, cricket, football, basketball, and kabaddi- Dream11 has raised $400 million from Netflix and Airbnb investors in its latest funding round. And the platform’s valuation has reportedly doubled to $5 billion. It was founded in April’2019, Dream11 became one of the…
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Top 10 funded startups of India
2020 is a year of complete turbulence because of the pandemic situation. But most of the startup companies in India have now detected a way to remain afloat and reach the peak of success with their out-of-the-box thinking. As India has a population of more than 1.4 billion, use of exemplary technologies, and structural development,…
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RBI asks Paytm Payments Bank to stop enrolling new customers on its platform
Category BankingRBI asks Paytm Payments Bank to stop enrolling new customers on its platform: Paytm Payments Bank has reportedly stopped adding new users on its platform following observations made by the RBI. Days after Paytm Payments Bank CEO Renu Satti stepped down from her role to lead company’s new retail initiative, a Livemint report today said…