Happy Sunday. If the early weeks of 2021 are anything to go by, we will be spending a lot of time debating platforms, their rights and responsibilities, and the ever-growing power they wield.
Founded by Ashneer Grover and Shashvat Nakrani in 2018, BharatPe offers merchants a single interface for all UPI apps like Paytm, PhonePe, Google Pay, BHIM, Mobikwik, Freecharge and others. It also facilitates loan facility for its merchant partners.
UBS Group AG, an investment bank & financial service company, has reportedly initiated talks to make an investment of $400 million in an Indian startup, Paytm. People with knowledge of the matter have reported that the upcoming investment is expected to help the company expand in the accelerating digital payments market in India.
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Three civil defence volunteers have been arrested from North Avenue for allegedly issuing fake Covid-19 challans and obtaining penalty amounts in their Paytm accounts. DCP (New Delhi) Dr Eish Singhal said the accused - Sunny (19), Yashwant Rathi (21) and Lucky (20) - are posted in the office of SDM (New Delhi), Jamnagar House.
Paytm is an Indian e-commerce payment system and financial technology company, based in Noida, Uttar Pradesh, India.
"UBS Group is in talks to invest US$400 million in Paytm, the most valuable Indian startup, in a bet on the surging digital payments market in the world's second-most populous country," reported, citing sources privy to the matter.
UBS Group AG is in talks to invest $400 million in Paytm, the most valuable Indian startup, in a bet on the surging digital payments market in the world's second-most populous country, people with knowledge of the matter said.
Global Mobile Payment Services Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support.
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Indian fintech giant PayTM may turn profitable this year as the pandemic fuels a surge in the use of its payment platforms, the company's chief executive and founder told the Reuters Next conference. Speaking at a panel on how technology can help tackle financial exclusion, Vijay Shekhar Sharma said the crisis had forced more merchants to use PayTM's platforms as businesses were forced to accept digital payments.
The company which launched Futures & Options (F&O) trading on its platform on Wednesday, is targeting to reach close to 100 million users over the next three to five years.
Indian fintech giant PayTM may turn profitable this year as the pandemic fuels a surge in the use of its payment platforms, the company's chief executive and founder told the Reuters Next conference. Speaking at a panel on how technology can help tackle financial exclusion, Vijay Shekhar Sharma said the crisis had forced more merchants to use PayTM's platforms as businesses were forced to accept digital payments.
Indian fintech giant PayTM may turn profitable this year as the pandemic fuels a surge in the use of its payment platforms, the company's chief executive and founder told the Reuters Next conference. Speaking at a panel on how technology can help tackle financial exclusion, Vijay Shekhar Sharma said the crisis had forced more merchants to use PayTM's platforms as businesses were forced to accept digital payments.
India's education sector is poised to grow from the current $117 billion to $225 billion by FY25. And to have a piece of the pie, the biggest players are scrambling for customers, acquisitions and moolah. Here's how just one day in India's edtech sector panned out.