Paytm all set to Acquire 100% stake in insurance firm Raheja QBE

India’s financial services and digital payment company, Paytm, has acquired insurance firm Raheja QBE. The company has said that the latest acquisition will help the company in expanding its financial services and further consolidating its position in the financial services market. Much of the financial details of the acquisition deal have not been official disclosed. The…

ByGirish ShettiJuly 6, 20200Comments

News

Paytm faces backlash on Social Media over Chinese Investment

On Tuesday, India saw a slugfest between Paytm and TikTok, albeit this brawl was been played out on Twitter. The Noida headquartered company faced a backlash on the social media platform, with most twitterati calling for an immediate ban on the digital payment firm. Buoyed by patriotic fervor, scores of netizens came hard on the digital…

ByGirish ShettiJuly 1, 20200Comments

News

Paytm signs new office deal in Noida, sets up its biggest office campus till date

Financial service provider and digital payment platform, Paytm, has signed a new official deal in Noida to set up its biggest office campus till date. The company has taken up over 5.5 lakh square feet of space in 21st floor spread across two towers in Skymark (formerly known as Lotus Isle), located near Noida Expressway. The…

ByGirish ShettiJune 18, 20200Comments

News

Paytm Mall Shifts to Bengaluru; Rejigs top Management

Paytm Mall, the e-commerce unit of One97 communication, has shifted its operational base from Noida to India’s Silicon Valley Bengaluru. Since past few days rumor mills were already abuzz with the report that Paytm Mall is mulling to change its headquarter location. Following this decision, the SoftBank and Alibaba based company has offered the flexibility to…

ByGirish ShettiJune 1, 20200Comments

News

Paytm claims its Business Khata has clocked Rs 1500 crore in transactions

India’s leading digital payment and financial services company, Paytm, announced on Friday that its recently launched e-ledger service ‘Business Khata’ has recorded INR 1500 crore transaction. With this milestone, ‘Business Khata’ has become India’s fastest-growing e-ledger service, according to statement issued by the company. Paytm said that Business Khata received overwhelming response from customers during the…

ByGirish ShettiMay 22, 20200Comments

News

Paytm Payments Bank starts ‘Cash at Home’ facility for senior citizens in Delhi NCR

Paytm Payments Bank Ltd on Friday announced the launch of ‘Cash at Home’ facility for senior and differently-abled citizens. This initiative will be exclusively run in the Delhi NCR region and is specifically aimed to protect senior and differently-abled citizens from coronavirus. Image Courtesy: Paytmbank.com The newly launched service will enable them to raise cash withdrawal requests…

ByGirish ShettiMay 15, 20200Comments

News

Paytm confirms the resignation of Paytm Money’s CTO & Operations Head

A report published on a leading news portal on Wednesday had claimed that Paytm Money’s CTO Suresh Vasudevan and Operations head Beejish Pillai have put down their papers. The latest news of another high profile exit from Paytm Money has emerged almost a month after media reports claimed that Paytm Money’s CEO Pravin Jadhav has…

ByGirish ShettiMay 14, 20200Comments

News

Paytm Payment Bank’s FD Accounts crosses Rs 600 crore Mark

Paytm Payment Bank Ltd or PPBL on Friday said that its fixed deposit or FD accounts have crossed Rs. 600 crores mark level. Paytm admitted that the growing financial insecurity due the ongoing coronavirus crises is mainly responsible for the surge in the FD accounts. Paytm Payment Bank operates fixed deposit accounts in partnership with Induslnd…

ByGirish ShettiMay 8, 20200Comments

Funding News

Paytm Knocks on Microsoft to raise funds

Paytm is holding talks with U.S. based tech giant Microsoft to raise nearly $100 Mn (nearly INR 760 crore) as increasing competition from Google Pay and PhonePe forces the company to pull up its socks. According to Economic Times, which cited unidentified sources, Paytm had started talks with Microsoft last year. Paytm’s CEO and founder Vijay…

ByGirish ShettiApril 27, 20200Comments

Funding News

B2B Foodtech player HungerBox scoops up $12 Mn from Paytm & Others

HungerBox, one of India’s largest B2B foodtech sector players, has raised $12 Mn in its latest series C round. Digital payment major Paytm and clutch of international investors including NPTK spearheaded the round. Existing investors including Sabre Partners and Neoplux also infused funds in the funding round. Following the latest funding round, HungerBox’s total fundraising…

ByGirish ShettiDecember 17, 20190Comments

Best Choice for Creatives