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Vijay Shekhar Sharma

Paytm Mall appoints Amit Sinha COO

Amit Sinha, a vice-president overlooking business and human resources at One97 Communications Ltd, the company behind the Paytm app, has been appointed as the Chief Operating Officer (COO) of its e-commerce business Paytm Mall, a company statement said on...

Paytm unveils payments bank, targets 500 mn customers by 2020

Fintech company Paytm on Tuesday unveiled its payments bank becoming the first one to offer cashback on deposits. It aims to become the preferred bank for 500 million Indians by 2020. Customers will also be offered zero charge on all...

Paytm raises US $1.4 billion from SoftBank

Paytm has announced an investment of US $1.4 billion by the SoftBank Group, the Japanese Internet and telecom major, in One97 Communications Limited, the entity that operates India’s largest mobile payments and commerce platform under the Paytm brand. This...

Paytm Payments Bank to launch on May 23

Fintech company Paytm on Wednesday said it will finally launch the operations of its payments bank on May 23. "We are in the process of launching Paytm Payments Bank on May 23. We recently received approval from the Reserve Bank...

Wallet 'curtain-raiser', payments bank will be 'show': Paytm

Paytm Founder and CEO Vijay Shekhar Sharma on Friday said that the firm's mobile wallet business was only a curtain-raiser and the payments bank would be the main show. "We should be a bank (payments bank) by this month-end. Wallet...

Paytm launches digital wallet business in Canada

Paytm, one of India’s largest mobile payments and commerce company, announced on March 16, 2017 that it has launched bill payments service for Canadians. This move marks the entry of the first Indian consumer service startup in the Canadian...

Alibaba, SAIF Partners to invest US $200 in Paytm's online marketplace unit

Chinese e-commerce major Alibaba Group Holding Ltd, along with investment firm SAIF Partners, are set to invest US $200 million in Paytm’s online marketplace unit. Alibaba Singapore E-Commerce Pvt. Ltd will invest US $177 million in Paytm E-Commerce Pvt. Ltd—a...

Paytm offers jobs to Snapdeal, Stayzilla ex-staffers

With hundreds of employees being handed out pink slips by companies such as Snapdeal and Stayzilla, Paytm is walking into the ring by offering generous job offers to laid-off staffers. Founder and CEO, Paytm, Vijay Shekhar Sharma tweeted: “Hello, Tech/Product...

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...
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