Paytm, finally, received licence from RBI to set up payments banks. This decision of RBI will help Paytm in further driving the overall commitment to financial inclusion for the unbanked segment, modernize payment systems and build more trust for our services. Other than Paytm, 10 more companies have received this licence.
Let’s have a look at the important developments of the week
Flipkart Launches F1-Stop For Its Sellers
Flipkart One Stop (F1-Stop) will enable sellers with necessary information and procedures to kick start and grow their business online. It will offer an array of services to the sellers ranging from registration, training, cataloguing, packaging and financial assistances.
Gigstart Founders Launches Pluss App
Pluss is a hyperlocal delivery startup for health and medical needs. It let users place orders through calls, whatsapp or the Pluss website. Pluss has four main product categories – Baby Care, Pet care, Personal Wellness and Daily Essentials.
Delhi Transport Department Joins A Petition Against Ola
This move comes after the judge had asked the state government to file a status report on the ban issued on the taxi aggregator. According to Senior Commissioner’s statement, “Ola has constantly declined to obey the High Court orders on the ban, which is why the contempt petition was filed against the cab hailing service.”.
SBI Launched Its Mobile Wallet App, SBI Buddy
With SBI’s Buddy App, customers will be able to access sellers’ App directly without downloading the latter separately. For this SBI has already tied up with several merchants to let users access the merchant’s’ store directly through its App.
Paytm Partners With InMobi
With this collaboration, Paytm marketplace merchants will have a reach to 120 Mn mobile internet users on InMobi’s Miip (discovery commerce platform). This will help merchants to increase their businesses manifold by reaching out to the entire mobile internet community in India.