Paytm money | Pixr8 News

India's leading online paymen service Paytm set up ‘Paytm Money Limited’ to build Investment & Wealth Management products for users. The product will be launch in the first quarter of 2018 after regulatory approvals. During the launch, Paytm CEO & Founder, Vijay Shekhar Sharma said, “We started as a payments platform and expanded customer offerings to deposits with Paytm Payments Bank. Today, with Paytm Money, we have taken the next logical step in the direction of wealth management. Pravin and his team is on a mission to make wealth management easier and accessible to large number of Indians. We aim to increase the size of the wealth management strategy customer base and bring simple and easy to understand wealth products to our consumers.” Pravin Jadhav will lead this new v...

Paytm on Monday said that transactions on its platform crossed $1.6 billion during the Diwali season, which was three-and-half times more than it did last year. Volumes during the month-long period ended 20 October were driven by the food and transportation categories, while increase in payments at mom-and-pop stores through the Paytm app also contributed to the surge, the company said in a statement as per the source Mint. “Mobile payments have become mainstream over the last few quarters. Owing to the convenience and security, people prefer Paytm to card and other modes of payments,” Paytm chief operating officer Kiran Vasireddy said in the statement. According to the data from RBI the net transactions in the month of August touched Rs 45,710 crore through Debit and Credit cards, Rs...

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Paytm Set up Wealth & Money Management Service “Paytm Money”

Paytm Crossed Rs 10,000 Cr Transactions This Diwali Season