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Playboy Introduces Cryptocurrency Wallet For its Online Platforms

15Mar By PriyankaNo Comments

USA

Playboy Introduces Cryptocurrency Wallet For its Online Platforms

LOS ANGELES- The Playboy Enterprises Inc, popular as a Playboy magazine announced that the company added an additional service Vice Industry Token (VIT) for online payment. The service will support a number of cryptocurrencies payment across the company's online media, digital and casual gaming businesses. Playboy.TV will be the first of the company's media platforms to feature the new digital wallet which will enable the online platform to accept Vice Industry Token (VIT), among other leading cryptocurrency tokens, for access to the brand's exclusive content. By integrating with VIT, visitors will be able to pay and earn tokens to view Playboy.TV's original content, as well as comment on and vote for content. Reacting to the news, the Head of Operations for Playboy Enterprises, Inc,...

Paytm Goes Global, Launched App For Canadian Bill Payments

17Mar By PriyankaNo Comments

News

Paytm Goes Global, Launched App For Canadian Bill Payments

Not a long ago, in an event of IAMAI, Vijay shekhar, founder of Paytm has said that the day when we launched our app on foreign soil will be the most memorable day of my life. The man of golden touch once again proved his word true and his company launched bill payment app in Canada. The Mayor of Toronto Mr. John Tory visited Paytm Noida headquarters and launched the app. Paytm started Canada operation back in 2014 as a two-member operation team, working out of local libraries but now the Paytm Labs team is a 55 member strong team of Software, Data and Machine Learning engineers who build technologies for the world’s fastest growing mobile payments and commerce ecosystem. Using Paytm bill payment app, Canadians will now be able to pay for their cell phone, cable, internet, electr...

Samsung to Launch Mobile Payments Service For Its Android Users

2Feb By PriyankaNo Comments

News

Samsung to Launch Mobile Payments Service For Its Android Users

Tech giant Samsung Electronics Co Ltd said on Thursday it will launch a mobile web payments service for all smartphones powered by Google Inc's Android mobile operating system in South Korea in the first quarter. The service, called Samsung Pay Mini, will allow Android smartphones to make online transactions in Samsung's home country after downloading a dedicated app. The company did not comment on whether the service will be offered in other markets. The announcement comes as Samsung seeks to boost its services offerings in a search for new growth. In October-December, the South Korean firm fell behind archrival Apple Inc in the global smartphone market for the first time since the fourth quarter of 2015, hurt by the demise of the fire-prone Galaxy Note 7 smartphones. The new ...

‘Select Citywalk’ Indias First Mall to Adopt Mobile Payments Services

27Jul By AnkitaNo Comments

News

‘Select Citywalk’ Indias First Mall to Adopt Mobile Payments Services

Thousands of daily shoppers at premier shopping destination of the capital city, Select Citywalk will now be able to make cashless transactions for parking, meals at food court, movie tickets and flea market using their Paytm wallets. Select Citywalk has become the country’s first mall to adopt mobile payments with this partnership with Paytm, India’s largest payments company. “As Paytm, our mission is to make payments extremely simple. Select Citywalk is a preferred shopping destination for Delhi’s Mall goers and has high footfalls on all days of the week because of the good overall experience that it has to offer. Our partnership with Select Citywalk will take this experience to the next level by enabling cashless payments at food court, parking and other stores in Select Citywalk,...

Not Interested to Join Interest Rate War With Banks – Shinjini Kumar, CEO, Paytm Bank

9Jun By AnkitaNo Comments

Entrepreneurs Talk

Not Interested to Join Interest Rate War With Banks – Shinjini Kumar, CEO, Paytm Bank

Financial technologies player Paytm Bank today ruled out joining the rate war in the savings account interest rate space when it launches its payments bank, instead, it will focus on increasing revenue-accretive transactions. "Obviously, we do not want our customers to lose money if they are keeping their money with us, but at the same time we dont want to fight a war on interest rates," Shinjini Kumar, CEO of the Paytm payments bank venture, told reporters. Kumar, who just joined the bank from consultancy major Pricewaterhouse Coopers, explained that it is "counter intuitive" for a payments bank to offer higher interest rates as it has restrictions on how it uses the deposits. "It is very counter-intuitive for a payments bank to offer higher rate of interest on savings because they w...

31May By NitishNo Comments

FUNDING

India’s Only Profitable Ecommerce Platform Invested 45 Crores in CCAvenue

India's first profitable e-commerce portal Infibeam said that it's investing Rs 45 crore in one of India's largest payment gateway CCAvenue and is currently "in further discussion for signing of definitive agreement". CCAvenue's payment solutions will be deeply integrated to Infibeam e-commerce marketplace and BuildaBazaar merchant store. Infibeam operates via its subsidiary NSI Infinium Global that holds e-commerce marketplace Infibeam.com and the do-it-yourself e-commerce platform BuildaBazaar. It's already has a joint venture with Avenues India called Avenues Infinite that operates the e-commerce marketplace Dhamaal.com. Infibeam owns 49.9% stake in the venture while the remaining 50.01% is owned by Avenues India. Infibeam likely to compete with other e-commerce platform in paym...

Freecharge Now India’s Fastest Growing Payments App

30May By AnkitaNo Comments

News

Freecharge Now India’s Fastest Growing Payments App

The reach of the digital payments platform Freecharge has grown from 17% to 30% in the period from October 2015 to April 2016 in India -- the highest growth in app usage for any payments app in the country, a Nielsen study revealed on Monday. Freecharge also emerged as the most engaging app in the category with the average time spent on the app per month -- increasing from 28 minutes to 55 minutes in the period October 2015 to April 2016, said the data from Nielsen Informate Smartphone Panel. Freecharge core philosophy is focused on making transactions swifter and more secure. A number of features such as On the Go Pin (patent pending), Speed Pay (making transactions within 10 seconds), first of its kind Social Pay services like Chat n Pay, payments throug...

20May By NitishNo Comments

News

News Updates: MobiKwik Partners With Domino’s Pizza, Burger King, Flipkart’s EKART Introduces Smart Courier Service

MobiKwik, one of India's independent mobile payments' network has partnered with Domino's and Burger King for cashless payments across their outlets in 200+ Indian cities. With this association, MobiKwik now has enabled cashless payments across 8,000 restaurants in India. Announcing these associations, Upasana Taku, co-founder, MobiKwik said: "At MobiKwik, we are driven with the vision of a cashless India and our association with these food-retail giants like Dominos is a strong step towards realising that idea. We aim for 100 percent growth every month through offline food and retail tie ups." MobiKwik is one of the largest independent mobile payments network, connecting 30 million users with 75,000+ retailers. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raise...

Bitcoin Wallet Zebpay Crosses Rs 100 Cr Turnover

20Apr By AnkitaNo Comments

News

Bitcoin Wallet Zebpay Crosses Rs 100 Cr Turnover

Bitcoin wallet firm Zebpay today said it has crossed Rs 100 crore turnover within 10 months of operations as more Indians are going for the digital currency. "In only 10 months, the company has crossed Rs 100 crore turnover in April 2016," Zebpay said in a statement. Zebpay, a Bitcoin app, deals with Indian customers only and it has made PAN number a must for users for opening of wallet, company co-founder Sandeep Goenka said. Bitcoins are digital money and their value is determined o the basis of their demand and supply. The digital money is limited in numbers. Only 21 million Bitcoins can be generated globally and they can be traded even infractions, up to eight decimals. The last bitcoin will be generated in 2140 but 99 per cent would be already there by 2040. At present, the va...

Mobikwik Planning To Turn Profitable By mid-2017

17Apr By RishabhNo Comments

News

Mobikwik Planning To Turn Profitable By mid-2017

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 founder and chief executive Bipin Preet Singh told PTI. The firm looks to expand its financial services offerings and has started entering into partnerships with banks and financial institutions for the same. MobiKwik is partnering with non-banking finance companies (NBFCs) to offer micro-lending to its users, and is also looking at launching a mutual fund portfolio going forward, he added. The company is also focussing on the offline category, an...

Vijay Shekhar Sharma to Head IAMAIs Payments Banks Group

15Apr By AnkitaNo Comments

News

Vijay Shekhar Sharma to Head IAMAIs Payments Banks Group

Paytm founder Vijay Shekhar Sharma will chair the newly formed Payments Banks Group at industry body IAMAI. Vodafone India business head (M-Pesa) Suresh Sethi will be the Vice-Chairman of the Group, Internet and Mobile Association of India (IAMAI) said in a statement. "Payments Banks is an innovative model of bringing unbanked population into the formal banking fold. Paytm along with other license holders, would make financial services accessible for every Indian through this innovative route," Sharma said. At present, six out of 10 payments banks primary licensees are IAMAI members. IAMAI has more than 50 companies representing PPIs, wallets, aggregators, business correspondents, PoS Operators, among others as members.

Paytm Ties up with PVR To Sell Movie Tickets

21Mar By Press Trust of IndiaNo Comments

BUSINESS

Paytm Ties up with PVR To Sell Movie Tickets

PVR plans to sell movie tickets worth Rs 250-300 crore using Paytm's platform in the first year of their association as the two firms tied up today to sell cinema tickets. The two firms today announced to bring PVR's movie tickets to Paytm's e-commerce platform as the latter forays into the online movie ticket segment. "In the first year of this relationship, PVR targets to sell tickets worth Rs 2.5-3 billion on Paytm's e-commerce platform besides selling tickets from the box offices and other channels", PVR and Paytm said in a joint statement. Paytm said it is aggressively extending its presence in new verticals as part of its strategy to be ubiquitous in daily life of its customers. "Paytm has set aggressive targets for itself and intends to double the share of online movie ticke...