TerraPay today said it has acquired UK-based Pay2Global, a move that will help the Mahindra Comviva incubated company fast-track its entry into the European market. However, the company did not disclose the deal size. Pay2Global is a regulated digital international money transfer company with rights into the European Economic Area (EEA). “We have completed the […]
South Africa based Net1 will invest USD 40 million (about Rs 268 crore) in Indian digital payment company, MobiKwik. “Net 1 UEPS Technologies has signed a subscription agreement with One MobiKwik Systems. As part of the strategic partnership, Net1 will invest USD 40 million in MobiKwik,” the companies said in a statement. In addition, Net1’s […]
HostGator India, an Endurance International Group brand and leading provider of shared, reseller and Virtual Private Server hosting solutions, has announced its support for ‘Make In India’ with the launch of ‘Host In India,’ an initiative for Indian businesses. Indian brands that are looking to establish their online presence can enhance their overall marketability through […]
India’s fastest growing digital payments platform Freecharge has unveiled a buyer protection service by launching escrow facility for merchants and customers. The escrow service mitigates risk of unsuccessful shopping experiences and safeguards customers’ money by withholding funds till they receive the right product. The first merchant for this service, Shopo, has integrated Freecharge wallet on […]
With the world going digital and everything on our fingertips, our mobile phones have become quite an integral part in our daily lives! Eventually most of our daily domestic as well as office-work are now done via mobile-phones. Hence nowadays the fear of losing our phones is much more than that of our wallets! Our […]
Mobikwik – the largest independent mobile payments company in India with over 32 million users and a network of 100000 merchants has launched cash pick up in Surat. With this launch, MobiKwik users in Surat can now load their wallet with cash from the convenience of their homes or offices. Upon request, a MobiKwik representative […]
Snapdeal acquired FreeCharge, a digital payments platform announced Govind Rajan as the new Chief Executive Officer of the company replaces Kunal Shah who is now the chairman. “In Govind, we have an exceptional leader, who will lead FreeCharge to become the No. 1 player in the payments ecosystem in the country,” said Kual Shah in […]
The number of Internet users in the country is likely to reach 500 million this year, Telecom Minister Ravi Shankar Prasad said today. “India has grown to around 400 million Internet users. If we take Trai numbers then it is somewhere close to 332 million. As per service providers, they were telling me that up […]
Gurgaon-based mobile wallet firm MobiKwik expects to turn profitable by mid-2017 and plans to diversify revenue streams by offering financial products like loans and mutual funds, a senior executive said. “We are looking at diversifying our revenue streams and our first goal is to be profitable on a monthly basis by middle of 2017,” MobiKwik […]
Transportation app Ola today launched e-rickshaw category on its platform that will enable the users to book rides on the electric vehicle in Delhi-NCR region. “A total of 5,100 Ola e-rickshaws will be launched in partnership with Bhartiya Micro Credit (BMC) at the event and will be deployed across Delhi, Gurgaon, Noida, Faridabad and Ghaziabad. […]
Bengaluru, 1st April 2016: Flipkart Ltd, India’s leading E-commerce platform has acquired payments start-up PhonePe Internet Pvt. Ltd.. The startup was launched last December by former Flipkart executives Sameer Nigam, Rahul Chari and Burzin Engineer. The amount of the deal is not confirmed yet but according to sources, the deal size is between $10 million […]
India’s largest mobile payment and commerce platform, Paytm, has taken its cashless solution to academic campuses with a strategic partnership with Lovely Professional University, Jalandhar. Known as one of the largest single campus university in India, with more than 25000 students, 3500 faculty and staff, the university will now offer an easy access to the […]