PaytmRSS

Paytm and Amazon in payments projects in India

Happy Independence Day, India!

Paytm, e-payment/e-commerce brand and payments bank, is bringing the QR code scanning habit to the Indian masses, while Amazon Pay has launched a digital wallet.

Top fintech stories this week – 4 August 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Paytm to add messaging capabilities to rival WhatsApp

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India’s most popular electronic wallet and payments bank Paytm is gearing up to add messaging capabilities to its mobile app. Experts believe this is in response to WhatsApp’s plans to add a payments piece to its platform. With mobile payments growing rapidly in India post demonetisation, Paytm is expected to quickly double its user base […]

Fintech funding round-up: 25 July 2017

Good ideas can bring good money

Whether you call it dinero or dough, the fintech funding does flow! This latest round-up features Revolut, Constellation Digital Partners, Paytm, Mobiquest Mobile Technologies and Wesleyan Bank. Following on from the $66 million raised in a Series B round, UK-based payments start-up Revolut is looking for an additional £4 million in exchange for shares in […]

Paytm to launch payments bank next week

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India’s Paytm has at last got final approval from the Reserve Bank of India (RBI) and is set to unveil its Paytm Payments Bank on 23 May. The bank was set to launch in August 2016, and teamed with IT services integrator Wipro for its plan. No reasons were given for the delay. As reported […]

The Monday mindset: 8 May 2017

SBI to launch digital-only bank in India

Fintech zeitgeist! Every Monday, we might look back at last week; look ahead to this week; share a few thoughts (our own or others); or discuss anything that catches our eye. This week, Soumik Roy asks – will Paytm become India’s WeChat? Ever since demonetisation, electronic payments in India have been all the rage. In […]

India to open payment interface, ease transactions between m-wallets

India

As India’s war on cash wages on, mobile wallets continue to reap the rewards. Although some experts suggested the advent of the Reserve Bank of India’s (RBI) Unified Payment Interface (UPI) platform could make mobile wallets obsolete, a new plan for interoperability could be a boon for Paytm, MobiKwik, Freecharge and other mobile wallet providers. […]

Alibaba targets Amazon with $177m stake in Paytm e-commerce

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India-based Paytm’s e-commerce unit has raised $200 million in a funding round led by Chinese titan Alibaba, with the latter potentially muscling in on Amazon’s arena of action. Alibaba’s Singapore unit will invest $177 million into Paytm E-Commerce, with $23 million coming from Indian venture and growth capital fund SAIF Partners. With the deal Alibaba […]

Mainstream fintech in India: a bird’s eye view

digibank

Soumik Roy, Banking Technology’s editorial contributor based in India, explores India’s digital banking landscape, examines innovative players like DBS digibank, and ponders what’s next for the nation’s fast-paced fintech sector. Electronic banking and payments are rapidly picking up pace in India; citizens love the convenience, the government hopes it will drive transparency and reduce the […]

Paytm partners with Wipro for new payments bank

India

India-based Paytm has teamed with IT services integrator Wipro for its new payments bank, as it gets ready for an August launch. Wipro will be implementing the new core banking system, and Banking Technology understands that Infosys, Oracle FSS and TCS Financial Solutions were in the running to provide their core banking solutions to Paytm. […]

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