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Paytm to invest Rs 600 crore towards expansion, aims at 10 million merchants by end 2017

Paytm has announced that it will invest over Rs 600 crore to enable merchants across India for acceptance of digital payments using its QR code based payment solution. The company is investing in scaling up manpower, technology, and merchant education so...

Paytm clocks Rs 5,000 crore worth transactions in January

Spurred by demonetization, online payments platform Paytm clocked Rs 5,000 crore worth of transactions in the month of January, Paytm's founder Vijay Shekhar Sharma said. "We clocked Rs 5,000 crore worth of transactions in January alone, that's 200 million transactions...

Will the e-commerce wagon gather speed putting the sluggish growth year behind?

Going by short medium term trends, the Indian e-commerce wagon gathering speed seems to be the case and that too on an optimistic note. However, this may not remain the case in the long run if certain changes in...

Flipkart consolidates Ekart offerings, shuts down courier and hyperlocal delivery services

Flipkart, India’s largest e-commerce player, is consolidating the service offerings of Ekart, its logistics & supply chain arm, to sharpen its focus to its core business model. Beginning February 5, 2017, Flipkart is no longer operating its customer-to-customer courier service...

Yet again, China's Alibaba pumps Paytm with fresh funding of $200 mn

Mobile wallet service provider, Paytm is all set to get a huge investment push from Chinese internet giant Alibaba. To help boost Paytm’s e-commerce business, Alibaba will reportedly be making an investment of $200 million which will give Paytm a valuation...

Retail bigshots laud 'digital economy' Budget, but say lack of details on GST disappointing

The Union Budget 2017 was presented in the Parliament by Finance Minister Arun Jaitley on February 1. While the Budget is clearly strong on macro-economic intent - as is evident from the FM’s focus on agricultural growth, rural development, up-skilling...

After Paytm, Alibaba's financial arm enters US with MoneyGram

In a bid to expand online payment business in the US after a successful run in India with Paytm, Chinese e-commerce giant Alibaba's digital payments arm Ant Financial has bought global money-transfer service MoneyGram for nearly $880 million. The transaction...

Paytm to transfer wallet biz to payments bank

Digital payments firm Paytm said that its wallet business will soon be transferred to its payments bank but quashed social media rumours that the m-wallets will stop working after January 15. "There are some rumours circulating that you will not...

Paytm is now live across all major retail brand outlets in India

Paytm has partnered with several brands to expand its offline merchant network before the year-end shopping season. This move is aimed to assist millions of customers as they can now use Paytm while shopping at their favourite stores. The company's...

Go cashless with Paytm at PVR, amusement parks

Mobile payment and e-commerce platform Paytm on Wednesday announced that it has partnered with PVR, Cinepolis, amusement parks and gaming parlours to enable cashless payments. "Our integration will not only ensure customers to enjoy their share of fun and frolic...
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The Luxottica report card for 2022

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