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Paytm Payments Bank expects central bank curbs to be lifted
India’s Paytm Payments Bank, expects the central bank to allow it to resume taking on new customers in the next few months. Read more…
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Paytm CEO Sharma denies report that servers share data with China
Paytm CEO Vijay Shekhar Sharma seeks to allay concerns over reports of user data being leaked to Chinese firms. Read more…
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Paytm’s dismal India IPO puts damper on future digital payment offerings
Paytm’s dismal stock market debut is likely to put a damper on future offerings after the IPO of the digital payments firm floundered. Read more…
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Indian fintech firm Paytm creates swag of new millionaires after $2.5bn IPO
About 350 current and ex-employees will each have a net worth of at least 10 million Indian rupees ($134,401.38) after Paytm’s $2.5bn IPO. Read more…
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India’s Paytm has over 100 institutional investors backing its IPO
Paytm has allocated shares worth $1.11 billion to over 100 investors ahead of what is expected to be India’s largest stock market listing. Read more…
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India’s Paytm and beauty startup Nykaa head for massive IPOs
Indian fintech firm Paytm has received approval for what is likely to be India’s biggest-ever IPO, and beauty company Nykaa aims for $7bn IPO Read more…
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Police given three weeks to conclude investigation into India’s Paytm
An Indian court has given police three weeks to conclude an investigation into claims from a former Paytm director over disputed shares. Read more…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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Paytm Payments Bank plans partnerships to go full-service
MUMBAI (Reuters) – Paytm Payments Bank is in talks to partner with full-service banks to offer services such as loans and term deposits which it cannot do on its own due to regulatory restrictions, its Read more…
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Rumor: Paytm to challenge WhatsApp with OTT messaging
MUMBAI (Reuters) – India’s leading digital payments firm Paytm plans to launch a messaging service by the end of this month to compete with Facebook’s WhatsApp, a source familiar with the matter said on Tuesday. Read more…
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Paytm sees gold in digital payments – five tons of it, to be exact
BENGALURU/MUMBAI (Reuters) – Paytm plans to sell five tons of gold valued around $200 million this year, the digital payments firm said on Friday, as it strives to develop a viable business from its e-wallet Read more…