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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…
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Paytm aims to double its customer base with new niche bank
MUMBAI (Reuters) – Indian digital payments firm Paytm, which is backed by Asian technology giants SoftBank Corp and Alibaba Group Holding, launched a niche bank on Tuesday, part of a plan to more than double Read more…
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Paytm gets $1.4 billion boost from SoftBank Group
MUMBAI (Reuters) – Japan’s SoftBank Group has invested $1.4 billion in the parent of Paytm, giving the digital payments start-up a boost as it looks to expand its user base and maintain its market lead Read more…