Paytm Mall, the online retail arm of Paytm e-Commerce, has flushed out about 85,000 sellers that did not meet its new quality standards. According to Paytm, the move was part of its strategy to revamp its seller registration and on-boarding process to enhance its user experience on its platform. According to the company’s new policy, sellers […]
Amit Sinha has been appointed the Chief Operating Officer (COO) of Paytm Mall. He will now be responsible for its overall operations, including expanding its team to ensure customers across India are able to buy the widest range of products and accept deliveries through our efficient partner logistics network. Amit was serving as the Sr. […]
Paytm today said its e-commerce platform, Paytm Mall, has crossed sales of Rs 100 crore from the two-wheeler category. “Paytm Mall has noted a massive surge in two-wheeler sales over the last year as sales figures crossed Rs 100 crore. The company is currently witnessing over 3X quarter-on-quarter growth in the number of vehicles sold,” […]
Mobile payments and commerce platform Paytm said it has tied up with financial institutions to facilitate collateral-free working capital loans of up to Rs 1 lakh for small merchants and service providers like General store owners and auto drivers. The credit profile of the merchants, based on earlier transactions, will be used for screening process. […]
With all the people trying to give their helping hand towards Kerala Flood Relief, Paytm also introduced a feature on its platform through which the users could donate any amount of their choice for helping the people affected in Kerala. Paytm’s founder Vijay Shekhar Sharma also donated an amount of Rs 10,000 towards the Kerala […]
One97 Communications, the company that owns Paytm is reportedly eyeing to raise $300-$500 million for the purpose of pushing its online-to-offline (O2O) retail business and get customers to use its platform for making payments. At present, Paytm is in advanced talks with US-based investors and also its existing shareholder, SoftBank for the latest funding round, […]
The digital payments giant Paytm has reportedly claimed to reach the milestone of run rate of 5 billion transactions per year, along with the value of $50 billion GTV (Gross Transaction Value) transactions being processed in the platform every year. The company, in the last quarter, showed a growth of 500 percent in terms of peer-to-peer […]
India’s largest digital wallet company Paytm will now start offering life insurance cover of up to Rs 5 lakh to its offline partners and their staffs. One97 Communications, the parent company of Paytm, said that this effort will help in giving a push towards realizing India’s vision of the digital economy. Paytm will offer life […]
India’s leading payment gateway Paytm on Tuesday has reportedly acquired Cube 26, which is a New-Delhi based technology company backed by Flipkart and Tiger Global. The tech firm had raised a seed funding from both the investors amounting to $7.7 million in 2015. The start-up was founded by Saurav Kumar, Abhilekh Agarwal, and Aakash Jain […]
With 186 million users as of December 2017, India’s most popular digital payments platform Paytm has witnessed an increase in the customers from semi-urban and rural parts of the country. Paytm believes that the rural people are using its service more than in metro cities or urban regions. The digital company Paytm that works on […]
India’s leading digital wallet company Paytm, has reduced its losses to Rs 899.6 crore in the financial year 2016-17 compared to the previous fiscal, as per regulatory documents. The company had posted a loss of Rs 1,496.7 crore in 2015-16 fiscal against a total income of Rs 597.8 crore, as per documents filed by the company […]
In an effort to encourage digital transition in rural areas of India, Paytm Payments Banks announced a programme named “Paytm AshaKiran” which aims at educating women hailing from the countryside about financial service and therefore create new employment opportunities in less developed regions of India. The first phase of this programme will consist of collaborating […]