paytm | Pixr8 News

15Mar By AnkitaNo Comments

News

Paytm Launched Two New Gold Schemes

Pay through mobile app known as Paytm has announced the launch of two new Gold schemes. The schemes include Gold Gifting and Gold Savings Plan as part of its wealth management offering, Paytm Gold. During the press release, the Paytm representative said that more than 60 percent of Paytm Gold purchases are from tier two and three cities. The customers can now send 24K purity gold to each other instantly offering them a convenient gifting solution. The company has witnessed repeat purchases of Paytm Gold worth up to Rs 500 at regular intervals. The Gold Savings Plan scheme intends to help customers conveniently and regularly save in gold as per their budget and requirement by entering the duration, frequency and amount of gold they want to save. The customers gold will be stored...

Paytm Now Official Umpire Partner of IPL

13Mar By NitishNo Comments

News

Paytm Now Official Umpire Partner of IPL

India's leading payment app company Paytm now the Official Umpire Partner for VIVO IPL for the next 5 Years. Before this collaboration Paytm also signed up as a Title Sponsor of India Cricket till 2019. The Board of Control for Cricket in India (BCCI) today announced its association with Paytm as the Official Umpire Partner of the VIVO Indian Premier League for the next five years. Speaking on the development, Mr. Rajeev Shukla, Chairman of the IPL, said, “Paytm are presently the Title Sponsors of India Cricket and the relationship has now been extended to the IPL. Both Paytm and BCCI share a strong bond and we will continue to provide great value to Paytm.” Mr. Vijay Shekhar Sharma, Founder and CEO of Paytm, said, “We are delighted to be the IPL Umpire Partner for the next five y...

Why Vijay Shekhar Sharma concern may be Valid For Whatsapp Pay Feature

19Feb By Sabhyata AgarwalNo Comments

News

Why Vijay Shekhar Sharma concern may be Valid For Whatsapp Pay Feature

The day since the popular messaging app WhatsApp rolled out its digital payment feature, everybody but the founder and CEO of Paytm is not happy. However, maybe its all for the right reasons. WhatsApp, the Facebook owned application announced its entry in the electronic payment space with the feature that allows peer-to-peer money transfer through the messaging app. The payment service is launched in the beta version of WhatsApp for selected users on trial basis. The feature of the messaging platform, that is a fruit to its 200 million users in India with no Login ID and Password, is facing wrath of Vijay Shekhar Sharma, the founder and CEO of the most used digital payment application all over India, Paytm. The founder of Paytm is angry with Facebook and taking a jibe on the forme...

Paytm Launches Cashless Store in tie-up with Red Tape

15Feb By Sabhyata AgarwalNo Comments

News

Paytm Launches Cashless Store in tie-up with Red Tape

The Indian e-payment application Paytm that acts as an ultimate saviour in times of limited or no physical cash, has now introduced a new feature for its users, adding to its previous long list of characteristics. The Payment through Mobile platform which enables its registered users to recharge, pay&receive, book tickets and buy products and services on discount through the Paytm Mall, have now added one more feature that can vividly provide a customer "Offline as well as Online experience at the same time." This concept is launched in collaboration with REDTAPE, a multi store offering wide range of products like apparel's, accessories, footwear etc. This concept lets a user visit the store physically, choose the product by confirming the size and cost, and then bu...

Whatsapp Secretly Releases Beta Version of Payment in India

10Feb By NitishNo Comments

Tech

Whatsapp Secretly Releases Beta Version of Payment in India

Last month, it was reported that Facebook owned WhatsApp could launch its digital payment service in India which will allow peer-to-peer money transfer through the messaging app. After the feature's launch on November 07 in UK, the mobile application software is ready to launch the feature in India by this month. This comes as an enthralling news for the citizens of India as WhatsApp is the most used application by atleast 200 million daily users. The payment service will be launched in a beta version of its messaging app for now. Due to a lot of reasons such as, 2G data service, easy platform of WhatsApp, thousands of people depend upon the app solely, unlike Facebook, Instagram and other mobile app platforms that need a much higher data speed to perform. The latest feature of whatsap...

Valued at $10B, Paytm’s 200 Employees Become Millionaires

29Jan By RishabhNo Comments

BUSINESS

Valued at $10B, Paytm’s 200 Employees Become Millionaires

One97 Communication owned, payments and gateway company Paytm is now valued at $10 billion. As a result, the existing and former Paytm employees have been able to liquidate their vested ESOPS (employee stock ownership plan) by selling them to new investors including undisclosed family offices. Over 200 employees of the company liquidated their shares for Rs 300 crore. Earlier the company was valued at $7 billion when it raised $1.4 billion from SoftBank Group. This valuation has made Paytm, the second most valued startup after Flipkart, which is valued somewhere close to $12 billion. A similar sale round occurred early last year where a 100-crore employee liquidity event took place. Till now around 200 Paytm former and existing employees have been able to sell shares for Rs 500 c...

22Jan By AnkitaNo Comments

News

Paytm Launch Business App For Merchants

Noida based Paytm has launched ‘Paytm for Business’ app on the Google Play Store. This new app will allow our merchants and business partners to track payments instantly, navigate through the past collections and track settlements made to their preferred bank accounts. They can also generate their Paytm QR through the app, print it and put it up in their shops. However, the app was launched on 28th December and received 5 million downloads, which itself shows the popularity of app among merchants. It's available in more than 10 regional languages. The App empowers business owners to do a paperless and instant on-boarding and get started to accept payments instantly for zero charges (0% commission). Merchants can now view their transactions without the need to wait for a confirmation S...

Patanjali Goes Online, Aims Over Rs 1,000 Crore Sales in 2018

17Jan By kriti singhNo Comments

BUSINESS

Patanjali Goes Online, Aims Over Rs 1,000 Crore Sales in 2018

Baba Ramdev-led Patanjali Ayurved today announced its foray into e-commerce for its FMCG items, partnering major players in the space, including Amazon and Flipkart, and targeting over Rs 1,000 crore this year itself. The Haridwar-based company said it has partnered eight players, which also include Grofers, Shopclues, BigBasket, 1mg, Paytm Mall and Netmeds, through which its entire range of products would be available online. Besides, Patanjali said it will also expand into new product segments such as bottled water through brand 'Divya Jal' and apparels and footwear under the brand name 'Paridhan' this year. "Online mechanism aims to provide convenient and efficient options along with extension of traditional retail market", said Baba Ramdev. He further added: "We are target...

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

10Jan By PriyankaNo Comments

News

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

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...

Ratan Tata Backed Fashion Startup Kaaryah Shuts Operations After Three Years

22Dec By RishabhNo Comments

News

Ratan Tata Backed Fashion Startup Kaaryah Shuts Operations After Three Years

Gurugram-based online women's fashion portal Kaaryah has shut down after operating for over three years. The startup failed to sustain because of the lack of funds, said Nidhi Agarwal, the founder and CEO of Kaaryah. The company has also laid off its workforce of around 50 employees. “It was not sudden. We have been trying to raise funds for the last 18 months. We had broken even twice in 30 months. Honestly, my aspiration for the brand was to take it to Rs 100 crore revenues within 4-5 years of having started it. It looked very realistic should we have received normal amounts of funding, given that we were a very capital efficient and working capital-light company,” Agarwal told a financial daily. The employees were given a notice of two months before the official release. Some w...

Deals Platforms Nearbuy, Little Internet Merge Operations

7Dec By Press Trust of IndiaNo Comments

ACQUISITION

Deals Platforms Nearbuy, Little Internet Merge Operations

Deals platforms Nearbuy and Little Internet have merged their operations with Paytm picking up a majority stake in this combined entity, the financial services platform said today. "Paytms strategic holding in Nearbuy-Little will provide Paytms merchant partners an opportunity to offer deals to acquire new customers and grow their business," Paytm said in a statement. Financial details of the deal were not disclosed. Paytm was an existing investor in Little. The deal will create India?s largest discovery and deals platform for local merchants, it said. Existing shareholders of Nearbuy, including Sequoia India, will also become shareholders of the merged entity, it added. Nearbuy and Little work with over 40,000 merchants across categories like food, beauty and travel. Pay...

SoftBank In Talks To Invest $500M In Paytm Mall

28Nov By AdityaNo Comments

FUNDING

SoftBank In Talks To Invest $500M In Paytm Mall

After investing in Indian e-commerce majors Flipkart and Snapdeal, Japanese multinational conglomerate SoftBank Group is now set to invest in another Indian e-commerce space Paytm Mall. It is estimated that Paytm Mall may receive a funding around $500-600 millions in a fresh round. As per the reports, SoftBank will put around $300 million into the e-commerce venture operated by Vijay Shekhar Sharma's Paytm E-commerce Pvt Ltd. Paytm Mall has already received funding from Chinese e-tailing company Alibaba, which now holds a majority stake in the company. Also, SoftBank is one of the investors of One97 Communications, the parent company of Paytm wallet and holds around 20 percent. The telecom conglomerate already holds majority stakes in Snapdeal, which it tried to merge with Flipkar...