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Adventz Group decides not to invest in Paytm

Saroj Poddar-controlled Adventz Group on Tuesday said it was approached for buying a minority stake in Paytm, but has decided against it. "We were approached by a few merchant bankers for a minority stake in Paytm. But we have decided...

Impact of demonetization on online shopping in 2017

India is one of the key growth countries when it comes to e-commerce but it is still at a nascent stage and has a huge potential for growth. The Indian Government's sudden and unprecedented move on November 8, 2016...

Paytm to launch payments bank; gets approval from RBI

Paytm has received final approval of the Reserve Bank to formally launch its payments bank and it expects to start operations next month. According to a PTI report: Payments banks can accept deposits from individuals and small businesses of up...

Paytm now lets users add money using United Payments Interface

Paytm has added support for payments using the Unified Payments Interface. This move will help its customers transfer money into their Paytm Wallets with ease. Consumers on the UPI platform can now add money to their Paytm Wallets using their...

The normal e-commerce space in 2016 has seen a battering, very clearly

India is a massive marketplace where people of all age groups are comfortable with digital transactions, preferring online over offline stores. This trend saw an upswing in the latter half of 2016, more so since demonetization was announced by...

Will enable 5 mn merchants go digital in 2017: Paytm

Announcing that it will enable five million merchants to leapfrog to digital payments in 2017, mobile payment and e-commerce platform Paytm on Tuesday launched an array of new features to enhance security and increase usability both for consumers and...

Paytm launches 100-member merchant helpdesk

Mobile payment and e-commerce platform Paytm on Monday announced a 100-member 'merchant helpdesk', announcing that it will invest Rs 50 crore towards educating merchants on digital payments across the country. The helpdesk will educate users about why the delay in...

Toonz Retail set open 10 new stores this month, may invest Rs 5 crore

Toonz Retail, a one-stop-shop for all the needs of kids from 0-12 years of age, announced the launch of 10 stores in December 2016, further expanding its retail portfolio of 100+ stores. “We will be investing Rs 5 crore including...

Paytm announces new category of self-declared merchants; can accept up to Rs 50,000 in their bank account

Paytm has announced introduction of a new category of self-declared merchants who can accept payments up to Rs. 50,000 directly in their bank accounts. This move is in line with the RBI circular on special measures to incentivize electronic...

Spike in online transactions crash Paytm's app

Users of e-payments company Paytm on Tuesday faced difficulties in transacting through the app which the company said was due to some "technical" error. "We are facing some technical issues. We will have it resolved shortly so please try again...
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