Paytm

The company’s plan was revealed from its terms and conditions page

Gpay users will be allowed to buy, sell and invest in gold using the mobile app

The service will be offered via a technology platform to gold and silver service provider MMTC - PAMP

This deal may be one of the last tranches of the committed amount of $500 Mn

The funds will be utilised for its promotional spending for the upcoming IPL 2019

Currently, the company has earmarked INR 500 Cr for its promotional investments

Google claims that the move will bring the convenience of a card in a smartphone

Small scale pilots are being run across retail stores in India

Flipkart’s PhonePe is also experimenting with offline payments

RBI said online movie ticketing platforms do not hold the authority to levy handling fees from customers

Merchant Discount Rate should be handled by the ticket booking companies

Users can file their complaints related to such charges to the RBI

The former secretary of Vijay Shekhar Sharma was granted bail after 5 months

Allahabad HC said suppositional charges have been levelled, which allegations cannot stand

Dhawan's husband Rupak Jain, also accused in the case, was granted bail last month

Paytm has partnered with various apps such as Zomato, Uber

The program has various cashback benefits

Paytm aims to capture over 30 lakh subscribers for this program

The lending ticket size ranges between INR 8K- INR 10K, tenure upto 6 months

The service is currently available for Axis Bank customers using Freecharge app

Plans to cross-sell more financial services to non-axis bank consumers

Unified Payments Interface (UPI) is an instant real time payment system

This is just 0.3% rise from January where UPI recorded 672 Mn transactions

The value of the transaction for February stood at 1.06 Lakh Cr

In Jan, RBI allowed Paytm Payments Bank to restart opening new accounts

It is targeting over 40 Mn SMEs in India with its new current account facility

This feature will help individuals and entities who could not meet other bank’s minimum required balance of current accounts

Ex-Paytm VP Sonia Dhawan’s bail plea was rejected at Surajpur District Court On Feb 13

Allahabad High Court granted bail to her husband Roopak Jain on Jan 31

Dhawan is accused of hatching an extortion plan against Paytm CEO Vijay Shekhar

The deal was reportedly finalised last month

Company’s goal to grow 50% to double the GMV to $2 Bn by the FY ending March 2019

Paytm recorded 221 Mn transactions in January 2019

Amazon which recently began testing its UPI platform has now gone live

Users can now complete the transaction process by using their own unique UPI IDs

UPI had recorded a total of 672.75 Mn transactions in January