Paytm

Paytm is a mobile payment & commerce platform. Acronym for ‘Pay Through Mobile’, was launched in August 2010 as an online recharges and bill payments platform and soon expanded into ubiquitous online and offline use-cases. As of May 2017, it has user base of more than 220 million. Founded by Vijay Shekhar Sharma, and is the Consumer brand of One97 Communications which also owns E-commerce and Payments Bank. Pay Through Mobile is headquartered in Noida, India. The company’s investors include Ant Financial (Alipay), Alibaba Group, SAIF Partners, Mediatek, among others. In 2017, Paytm $1.4 Bn funding from SoftBank Group, the Japanese Internet and telecom major which is the highest amount of funding raised by an Indian startup. The round reportedly valued the company at about $8 Bn. Also, It is an investor in Jugnoo and Mumbai-based LogiNext. Check out the latest Paytm news, updates, stories of Vijay Shekhar Sharma and much more.

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SoftBank Capital's Kabir Misra To Set Up $250 Mn Startup Fund

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Kabir Misra, managing partner at Softbank Capital, is looking to launch his own startup fund with a corpus of $250…

Paytm Goes Global With Forex Card And Cash

Paytm Goes Global With Forex Card And Cash

Digital payments company Paytm has now ventured into forex services for top 20 international currencies. Earlier in April 2018, Inc42…

UPI App BHIM Records 16.3 Mn Transactions In June 2018

UPI App BHIM Records 16.3 Mn Transactions In June 2018

The NPCI (National Payments Corporation of India) has witnessed an increase in the number of transactions done through the government-owned…

Paytm Brings Over 3 Mn Semi-Urban, Rural Merchants Online

Adoption In Tier 2 & 3 Cities Leads To A Run Rate Of 5 B...

One97 Communications Limited, which owns digital payments company Paytm, has announced that it has achieved an annual run rate of…

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NPCI May Launch Upgraded UPI 2.0 On July 13

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At a time when the UPI (Unified Payments Interface) is basking in the glory of having crossed 200 Mn transactions…

Paytm To Acquire Last Minute Hotel Booking Startup NightStay-Paytm Gears Up In Online Travel Market With 38 Mn Tickets Sold In FY18

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Paytm is reportedly looking to acquire the Noida-based last-minute hotel booking app, NightStay, for around $20 Mn. While the development…

UPI Records 30% Growth In Transactions In June: NPCI

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As per NPCI (National Payment Corporation of India), the country used UPI for 246.37 Mn transactions in June 2018, a…

PayPal Continues To Focus On India, To Hire 600 Techies

PayPal Continues To Focus On India, To Hire 600 Techies

Global digital payments company PayPal continues to remain committed towards India. It has identified the country as a key growth…

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