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Paytm First: The Indian Super App Rolling Several Subscriptions Into One

Paytm First
The much-awaited Paytm subscription program is here. By launching first of its kind premium subscription-based rewards and loyalty programme, the digital payments major in India, Paytm, is hoping to catch up with its formidable rivals like Amazon and Flipkart. Nominally priced at Rs 750 per year, Paytm First brings to its subscribers an eclectic mix of offers from some...

Does The February Deadline Spell Doom For The Indian Mobile Wallet Industry?

More than 95% Indian e-wallets could cease to be operational from March, owing to non-compliance with RBI’s directives. As per an RBI directive issued in October 2017, all Prepaid Payment Instruments (PPIs) and mobile wallets were asked to collect all user information as per the Know Your Customer (KYC) guidelines. The failure of such digital payment platforms to comply...

Rifing Rumours About Paytm Mall Shutting Down Make Vijay Shekhar Sharma Speak Up

paytm mall shutting down
Paytm founder Vijay Shekhar Sharma recently laid to rest all rumours about his company’s ‘plans’ to shut down its B2C marketplace business, Paytm Mall, in view of mounting losses and falling market share, owing to stiff competition from market giants Amazon and Flipkart. In fact, the Noida based firm is also hoping to generate approximately 15% of Paytm Mall’s business...

With 73.9 Million Users, India Mobile Payments Market Is Poised For a Significant Growth

india-mobile-payments-2018
When India was facing the issue of currency change, at that time, mobile payment arrives and moonwalks in as the ‘Savior.' Back then, it could go by something that is the 'latest wrinkle', however, as of now, it is justifiably a trend!According to eMarketer, this trend has hit India really hard, making the country the world's fastest-growing "proximity mobile...

Paytm UPI Positions Itself As India’s Leading Payments Solution, Earmarking Rs 200 Crore!

Digital Payment systems in India have evolved from being mere wallet companies to full-stack payment providers and what a dramatic evolution it has been!In consonance with recent reports by ET, Paytm, noteworthy digital payment player is planning to invest a whopping amount of Rs. 200 crore in order to bolster the handling and habitude of Unified Payments Interface (UPI) based transactions...

Paytm Payments Bank Is In Hot Waters As RBI Dissatisfied With Its Working

paytm payments bank stop customers enrollment
Paytm has gained a lot of popularity over the past few years, trying to allure its users through exciting cashbacks and attractive offers. In an attempt to retain its current user base and to further expand it, Paytm launched Paytm Payments Bank in November last year. The plan was working smoothly, until recently, the enrolment of new customers stopped...

Paytm, Future Group And Flipkart To Make $100 Million Bet On Content To Take On Amazon

flipkart content business
The retail trio in India has planned a content war against e-commerce behemoth Amazon.com. The three major e-commerce and retail majors, which includes Paytm, Future Group and Flipkart, are all set to invest more than $100 million in producing and releasing entertainment content for their userbase. All these efforts are being made to give a stiff competition to Amazon...

Can The Reserve Bank’s KYC Norms Help UPI Gain The Upper Hand Over Mobile Wallets?

UPI for Mobile Wallet
Unless you have been living under a rock for the past year or so, you must have some idea about the meteoric rise in popularity of mobile wallets in India. The sudden explosion in popularity and the subsequent ‘arms race’ in the mobile wallet industry has been one of the most notable developments in the Indian technology and financial...

Users Dilemma: RBI KYC Norms Choke Digital Wallets

e-wallet-another
RBI agrees on wallet money to be used without KYC (Know Your Customer), but with conditions.28th of Feb, which is tomorrow, supposedly happens to be the last day for completion of the mandatory KYC compliance by Prepaid Wallet users. RBI has come out in the favour of Digital Wallet users and assured that their Wallet money is safe and...

Can Hike Finally Knock Whatsapp Off From The Top With Their New Integrated Mobile Wallet?

Hike Wallet
In what can be considered a big win for the underdog, homegrown Indian messaging app Hike has released their mobile wallet system before any of their competitors. In a market where numerous players are looking to make a splash, Hike has managed to gain a significant advantage by being the first one there. Hike's new service will allow both,...

Paytm May Acquire Freecharge After Raising $1.5 Billion From SoftBank

paytm to acquire freecharge
After Flipkart's largest-ever round of funding, other Indian unicorns have apparently set their eyes on raising billions of dollars in their next round of funding. Mobile Wallet platform Paytm, the most aggressive player among all, is reportedly in talks with Japan's SoftBank to raise anything between $1.2 billion and $1.5 billion. If the deal goes through, SoftBank will become...

Paytm Suspends Its Hush-Hush Plan To Charge 2% Fee on Credit Card Transaction

paytm fee on credit card transactions
Paytm has suspended the half backed strategy to prevent the misuse of cash withdrawal from credit card via Paytm at 0% fee. After much uproar, criticism and questions Paytm has apparently realised the move could bring in more of inconvenience to users. "Keeping the millions of customers and merchants interest as an utmost priority, we have decided to suspend the 2% fees...

Is Paytm Unethically Charging Customers In The Guise Of Reducing/Identifying Frauds? [UPDATE]

Paytm charges on Credit cards
So, you would have read the Paytm news update by now. If you have not read it till now and you are a Paytm wallet user who tops up the wallet using credit cards, enlighten yourself first by following the link that describes the subject matter in detail... or continues reading for the summary. Announcing Few Changes in Paytm Wallet Paytm claim:...

Paytm to Charge 2% on Loading Wallet Via Credit Card: Seals the Loophole in its System

paytm-charges-on-credit-card
The Indian mobile wallet major Paytm will now levy a 2% fee for adding money to its wallet using credit cards, only to transfer to bank accounts.In a swift move, Paytm announced on Wednesday that it would no longer be allowing the zero percent transfer to bank fee facility to its customers. The company was forced to make this...

When Rs. 10 Crore Investment In Paytm Returned Rs. 275 Crore

paytm-reliance-investment
The startup ecosystem in India has been growing leaps and bounds for the last five years, despite all challenges, criticism and corrections. It is proven once again as the poster boy of digital wallet revolution in India, Paytm, has helped Reliance Capital to pocket 275 crore (approx. US$350 million) aginst their investment of mere Rs. 10 crore ($1.35 million).According to people...

Paytm Founder Vijay Shekhar Is The Richest Entrepreneur Under 40 in India

vijay shekhar sharma
The startup ecosystem in India is flourishing like never before, and startup founders are witnessing unprecedented growth in their net worth closing the gap with some of the richest business personalities of India. As per Hurun’s India Rich List 2016, Vijay Shekhar Sharma, founder of Paytm, is the richest Indian Entrepreneur under 40 and the biggest gainer as well. His...

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