News
India launches probe against dubious China-backed fintech lending apps
India has ordered authorities to investigate over two dozen China-backed fintech lenders and for cost gateways to stop dealing with them. Read more…
Paytm
News
India’s Paytm to big tech firms: stop treating India like third-world market
India’s top fintech company Paytm has intensified its war against US-based “big tech” companies, especially Google and Facebook’s WhatsApp. Read more…
News
Ant Group considering selling its 30% stake in Paytm amid tensions
Chinese fintech giant Ant Group is considering selling its 30% stake in Indian digital payment processor Paytm amid tensions. Read more…
News
India’s Paytm back on Google store after policy violations ban
Indian digital payments firm Paytm said its mobile app was back on Google’s android store after bans over violations of its gambling policy. Read more…
News
Facebook’s $5.7 billion investment in Reliance a big headache for Paytm
Facebook’s $5.7 billion investment in Reliance promises to be the biggest headache yet for Paytm, a SoftBank-backed pioneer Read more…
News
Citigroup tie-up with Paytm vastly expands reach in India
India’s top digital payments firm Paytm has launched a credit card with Citigroup, widening the customer base of both in the country. Read more…
News
Google Pay tweaks privacy policy after Paytm complaint
NEW DELHI/MUMBAI (Reuters) – Google has tweaked the privacy policy of its Indian digital payments mobile application, days after local rival Paytm complained that the US tech giant’s platform allowed disclosure of customer data for Read more…
News
Berkshire Hathaway puts $376m behind India’s Paytm
NEW YORK/MUMBAI (Reuters) – Berkshire Hathaway invested 25 billion rupees ($356 million) in the Indian company behind digital payments firm Paytm, according to a source with direct knowledge of the deal, in a foray by Read more…
Off the Wire
SoftBank, Yahoo Japan and Paytm to launch QR code payment service
PayPay – a joint venture established last month by SoftBank and Yahoo Japan – announced that it will team up with Indian digital payment company Paytm to launch QR-code payment services in Japan in the Read more…
News
India agrees to revisit data storage rules, to Paytm’s annoyance
NEW DELHI (Reuters) – US payment firms have successfully pushed India to consider diluting rules on data storage, but their lobbying campaign has sparked a bitter industry spat pitting them against local rival Paytm, according Read more…