[ad_1] Paytm app. File. | Photo Credit: Reuters China’s Ant Group will sell a 4% stake in Indian payments firm Paytm for $242 million, a term sheet seen by Reuters on Monday showed. Ant, an affiliate of Chinese conglomerate Alibaba Group , will sell the stake at 809.75 rupees per share, a discount of 6.5% […]
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[ad_1] A file photo of the interface of Indian payments app Paytm is seen in front of its logo. | Photo Credit: Reuters India’s banking regulator has declined a payment aggregator licence for the One 97 Communications Ltd unit that owns the popular Paytm brand, asking it to reapply with 120 days after meeting certain […]
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[ad_1] Sixteen other locations of banks, payment gateway branches and offices in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and Bengaluru were also searched Sixteen other locations of banks, payment gateway branches and offices in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and Bengaluru were also searched The Enforcement Directorate has seized ₹46.67 […]
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[ad_1] Following searches conducted by Enforcement Directorate (ED) at locations linked to Paytm Payment Services, the company on Sunday said that the merchants under scrutiny are not Paytm entities and the seized funds do not belong to the company. The ED on Saturday said it carried out searches as part of investigation in the Chinese […]
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[ad_1] Paytm has reported widening of its consolidated loss to ₹644.4 crore for the first quarter ended June 30 Paytm has reported widening of its consolidated loss to ₹644.4 crore for the first quarter ended June 30 Digital payments company One97 Communications Limited, which operates under the Paytm brand, does not influence the price at […]
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[ad_1] Digital payments company One97 Communications Limited, which operates under the Paytm brand, does not influence the price at which its stock trades but the management is making efforts to make the firm profitable, its MD and CEO Vijay Shekhar Sharma has told shareholders. Speaking at the company’s 22nd annual general meeting (AGM) on Friday, […]
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[ad_1] Indian payment platform Paytm briefly went down earlier today for many users. Affected users reported not being able to log in to the Paytm app and website, and were left unable to make payments. Users trying to make payments were automatically logged out and were left unable to log back in. Paytm has now […]
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[ad_1] Competition Commission of India is already probing various cases, especially in the digital space, following complaints of alleged unfair business practices Competition Commission of India is already probing various cases, especially in the digital space, following complaints of alleged unfair business practices Top executives of eight domestic tech firms, including Paytm founder Vijay Shekhar Sharma […]
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[ad_1] Paytm has reportedly begun charging some of its users a small fee for mobile recharges done via the financial platform. This charge can be anywhere between Re 1 and Rs 6, depending on how large the recharge amount is. The fee is being levied on mobile recharges paid for via UPI or a bank […]
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