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Paytm ramps up instant loans for MSMEs, self employed; partners with Clix
Posted on 23rd July 2019
Vijay Shekhar Sharma’s Paytm has ramped up its loans operations and has partnered with Clix Finance India Pvt. Ltd. to provide loans to MSMEs and self-employed people, it announced in a statement on Tuesday. Clix, a digital lending NBFC, and Paytm will now offer instant digital loans to both the customers and merchants of Paytm. The company targets “new-to-credit, self-employed, small and micro enterprises and small borrowers,” who are largely underserved and face difficulties to get loans, the digital commerce company said.

Paytm Mall World Store eases international shopping for Indians
Posted on 18th July 2019
New Delhi: Paytm Mall World Store which makes international brands available to Indian buyers on its platform is easing the shopping experience of buyers who face several issues when they shop on international platforms.

"The company is rapidly expanding its 'Paytm Mall World Store' which makes international brands available to Indian buyers at its platform.

Paytm eyes over Rs 20,000 crore in GMV from education business in FY20
Posted on 9th July 2019
Payments company Paytm said that it is planning to have more than Rs 20,000 crore in Gross Merchandise Value (GMV) from its education business in the current financial year as it looks to expand its current offerings in the segment that includes fee payment, coaching and test series packages, and helping students choose the right college.

Paytm, Tencent may invest up to USD 125 million in MX Player
Posted on 3rd July 2019
New Delhi: Digital payment firm Paytm and Chinese internet firm Tencent may invest up to USD 125 million (nearly Rs 860 crore) in Times Internet's online video streaming platform MX Player this month against purchase of equity.

"Tencent and Paytm are planning to invest USD 100-125 million in MX Player against purchase of equity. The investment is expected to be happen this month," sources privy to the discussion among the three companies told PTI.

Paytm expects to achieve 2 billion transactions a quarter this year
Posted on 2nd July 2019
Digital payments system Paytm on Monday said it aimed to achieve 2 billion quarterly transactions this year. The company revealed that it had been witnessing impressive month-on-month growth across all payment-use cases available on its platform.

The company, which recently announced shifting its cash back focus from P2P (peer-to-peer) UPI transactions to offline merchant payments at retail kirana stores, is now expanding its footprint in Tier-VI and Tier-V towns. It is keen on acquiring news users, who still are relying on cash transactions.

Paytm says no fees on your transactions; also tells how to avoid merchant charges
Posted on 1st July 2019
Mobile wallet company Paytm has denied a report about charging transaction and convenience fees on its platform after a media report said that Paytm will now charge transaction fees. In a tweet, Paytm said that as of now, it does not levy charges from customers on any payment method including cards, UPI and wallet. In its official blog, the Vijay Shekhar Sharma-founded company also said, “Paytm customers can continue using all services available on our platform without any fee”.

Paytm money doubles down on mutual funds; here’s how it targets first-time investors
Posted on 27th June 2019
Paytm Money — the mutual fund investment arm of Paytm has partnered with independent investment research firm Morningstar’s India subsidiary Morningstar Investment Adviser India to offer ‘Morningstar Investment Packs’ to its users on the Paytm Money app.

The offer brings a portfolio of five mutual funds, which are supported by Paytm Money’s ‘risk suitability assessment’, and customers (investors) are recommended right ‘pack’ based on their individual risk profiles, the company said in a statement.

Online retailer Amazon invests Rs 450 crore in India digital payments arm
Posted on 22nd June 2019
Online retailer Amazon has invested Rs 450 crore in its digital payments arm Amazon Pay (India). The funding would help the Seattle-based company tap India's booming digital payments market and compete with Walmart-owned PhonePe, Alibaba-backed Paytm, and Google's mobile payment service Google Pay.

The funding came from Singapore-based Amazon Corporate and Mauritius-based entity, according to regulatory documents filed by Amazon, which were sourced from business intelligence platform Tofler.

Paytm mulls investing Rs 250 cr to expand Paytm QR in tier IV and V towns
Posted on 12th June 2019
Digital payments major Paytm Wednesday said it will invest Rs 250 crore this year for the expansion of Paytm QR in tier IV and V towns.

"With this investment, Paytm expects to reach more than 20 million merchants across India by the end of this fiscal," it said in a statement.

Paytm Payments Bank ahead of major banks in digital transaction target
Posted on 7th June 2019
Paytm Payments Bank has received a target of 501.16 crore digital transactions for the financial year 2019-20 from the Ministry of Electronics and Information Technology (MeitY), higher than the targets set for major banks including HDFC Bank, ICICI Bank and Punjab National Bank.

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