June 2nd, 2018The Bengaluru-based Flipkart-owned company PhonePe has reportedly made its way across 100 million registered users on its platform in less than two years of its inauguration. The company's annual total payments volume (TPV) have also received a boost crossing $20 billion in the month of May.
Paytm, the firm's close rival stated its...
April 3rd, 2018Paytm, the Indian payment gateway mammoth, has redesigned its app to make it more user friendly and spontaneous. The application update allows users to personalize the app and provide a better overall experience to the user by displaying the most used ways of customizing the app.
Transferring money is also something that the Paytm...
November 9th, 2017Payment processor PayPal Holdings Inc on Wednesday launched domestic operations in India, a market already dominated by China’s Alibaba-backed PayTM, the country’s leading digital payments firm.
PayPal’s entry in the Indian market comes as a push for cashless transactions by the Narendra Modi-led government is seeing more people...
October 8th, 2017Digital payments firm MobiKwik plans to invest Rs 60-80 crore on marketing and promotions in the next six months as it looks to drive transaction volumes on its platform and get more consumers onboard.
MobiKwik, which competes with the likes of Alibaba-backed Paytm and Flipkarts PhonePe, also expects to see 2.5X growth in daily...
August 7th, 2017E-wallet company Mobikwik is planning to raise around $100 million funding by the end of this year. As covered by Pixr8, it raised Rs 225 crore from Bajaj Finance for 10.83% stake.
“We had said that we plan to raise about $150 million and this investment (from Bajaj Finance) is the first tranche. We are in talks with private equity...
June 28th, 2017
Bangalore, Karnataka, India- Amidst increasing digital payments preference and awareness amongst consumers, FreeCharge today announced that the number of transactions on its platform has crossed 500 million, with the value of these transactions exceeding USD 1.2 billion.
Mobile recharges remain the biggest component of...
June 2nd, 2017One of India's leading technology based developed state Telangana has launched country's first official state e-wallet called T-wallet.
The newly launched e-wallet offers any digital payments with in the state with no additional charge for the citizens.
The Microsoft Accelerator alum startup Transaction Analysts has partnered...
June 1st, 2017Digital payments platform, Paytm today said it expects to clock over 3X growth in number of train tickets booked through its platform this financial year.
The company is also strengthening its overall travel vertical and will hire more people over the next two quarters.
"Paytm is booking over one million train tickets in a month...
May 23rd, 2017New Delhi, May 23- Targeting 500 million customers by 2020, digital payments firm Paytm today launched its payments bank with 4 per cent interest rate and cashbacks on deposits, zero fees on online transactions and no minimum balance requirement. Backed by Chinese firm Alibaba and Japanese conglomerate SoftBank, the company has earmarked...
May 18th, 2017Japanese conglomerate SoftBank has pumped in USD 1.4 billion (over Rs 9,079 crore) in Indian digital payments platform, Paytm, marking the largest fund infusion by a single investor in an Indian start-up.
This is Softbanks largest investment in a single company in India. While both the companies have declined to comment on the...
April 25th, 2017As per the report, India's two leading e-wallet company MobiKwik & Freecharge looking to merge in an all-stock deal. According to speculation, behind this deal a chinese investor who is willing to pump Rs USD 200 million into this deal.
The talks between Freecharge and MobiKwik are on their initial stages. Sequoia Capital is the...
April 19th, 2017Electronics payments provider Paytm is in talks with Japan's SoftBank Group to raise $1.2 to $1.5 billion in cash, making the latter one of the largest shareholders in the fintech start-up, Mint newspaper reported on Wednesday citing sources.
The deal, which could increase Paytm's valuation to $7 billion to $9 billion, will see...
