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Buying the new iPhone? Paytm Mall offers an exchange bonus of Rs 7K on old smartphones
Posted on 29th September 2018
NEW DELHI: There is good news for those who want to have an iPhone XS or XS Max as Paytm Mall is offering an exchange bonus of Rs 7,000 to prospective buyers in addition to the exchange value of their old phones.

The e-commerce arm of Paytm on Friday announced the availability of the newly-launched iPhone models on its website and mobile app.


Paytm is testing face recognition tool for payments
Posted on 24th September 2018
BENGALURU: If Apple taught Indian consumers to unlock its new phones with a twitch of their eyes, Paytm is working on introducing facial recognition to enable digital payments.

Noida-based Paytm has begun testing a facial recognition tool that can unlock its payments application on a customer’s smartphone, company executives said. It also plans to extend this feature to allow customers to pay at merchant outlets with the blink of an eye.


Paytm Money to get first time investors from Indian small towns into mutual funds; industry cheers
Posted on 15th September 2018
Paytm’s investment platform Paytm Money will likely help small town people get on board the mutual fund bandwagon, and further boost inflows for the asset management industry already flourishing due to shifting habits towards financialisation of savings. Paytm Money is looking to garner huge traction from the hinterlands by making it easier to invest, where mutual fund penetration is currently low, say experts.

Paytm's losses rise by almost 80% on the back of massive expansion plans
Posted on 12th September 2018
One97 Communications, which owns fintech major Paytm, had an almost 80 per cent increase in its losses during 2017-18, amounting to Rs 16 billion.

This was on the back of massive expansion plans for its payments bank, online marketplace Paytm Mall and a new mutual fund (MF) business, Paytm Money, according to the company’s annual report.


On Teacher’s Day, Paytm’s Vijay Shekhar Sharma heaps praises on HDFC Bank’s Aditya Puri; here’s what he said
Posted on 5th September 2018
Heaping praises on HDFC Bank CEO, Paytm’s Vijay Shekhar Sharma said that he hoped to acquire just 10% of Aditya Puri’s cast banking knowledge. “I think HDFC is the defining bank of this country. No other bank has lead the space for so many decades. Mr Puri is the most jovial banker I know, talking to him is like learning life lessons beyond financial lessons. I wish I learn just 10% of banking from him, as much he knows,” Vijay Shekhar Sharma told in an interview to ET Now.

Paytm Mall looks to join hands with BigBasket in fight with Flipkart, Amazon for Indian e-commerce market
Posted on 31st August 2018
Paytm Mall, the e-commerce venture backed by China’s Alibaba Group, is looking to deepen ties with regional retailers as well as partner with top online grocer BigBasket to compete with Walmart-controlled Flipkart and Amazon’s local unit, a company executive said. Patym Mall, owned by Paytm E-Commerce, is currently the third biggest player in India’s rapidly-growing online retail space.

Paytm sealed the Warren Buffett deal with 1 meeting, 2 phone calls
Posted on 29th August 2018
New Delhi: In the first week of February Paytm’s founder and chief executive officer Vijay Shekhar Sharma met board member Mark Schwartz in Canada. Schwartz, who’s also on the board of SoftBank Group Corp., had a proposal for him. Schwartz wanted to introduce Sharma to the world’s most renowned investor, Warren Buffett’s Berkshire Hathaway Inc.

Berkshire Hathaway takes stake in Paytm
Posted on 28th August 2018
Mumbai: Berkshire Hathaway Inc has picked up a 25 billion rupees (USD 356 million) stake in the parent of digital payments firm Paytm, a source said, its first investment in an Indian startup as it forays into the financial payments sector.

The conglomerate run by billionaire Warren Buffett confirmed in an email that Berkshire had invested in One97 Communications Ltd.


Paytm Payments Bank is still not allowed to add new customers, says CEO
Posted on 25th August 2018
Paytm Payments Bank is still not allowed to add new customers and there is uncertainty over when this restriction would be lifted, said Paytm founder and Chief Executive Officer Vijay Shekhar Sharma.

At a mutual fund summit on Thursday, Sharma said he had a meeting with Reserve Bank of India (RBI) officials on the issue earlier during the day, but refrained from divulging details of the meeting.


Paytm launches its own AI cloud for India
Posted on 21st August 2018
Bengaluru: One97 Communications, the parent entity of Paytm has announced the launch of its AI Cloud computing platform “Paytm AI Cloud for India” for developers, startups and enterprises. The platform is mainly aimed at offering business-centric apps for organizations that need high-quality solutions for cloud computing, automate their workflow, easy payments, messaging and customer engagement without the hassle of managing hardware and software.

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