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Posts Tagged ‘ digital payments ’

Exclusive: China’s Tencent close to investing more than $150 mn in FreeCharge

Wednesday, August 31, 2016 | More »

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Snapdeal, India’s third-largest e-commerce venture is in talks with Chinese Internet giant Tencent to raise more than $150 million for its digital payments platform FreeCharge, a person close to the development told VCCircle. “Tencent and FreeCharge have had intense discussions over the past two...

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Exclusive: Paytm valued at $4.8 bn in new funding round

One 97 Communications Ltd, which runs mobile payments and e-commerce platform Paytm, has received commitment of $60 million (Rs 403 crore) from Taiwanese chipmaker MediaTek Inc.’s Mountain Capital fund as part of its ongoing fundraising exercise. A person directly familiar with the development...

29 August, 2016 | More »

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MobiKwik and FreeCharge trade barbs as mobile wallet war gets nasty

Which is the number two mobile wallet company in the country? That question has sparked off an online spat between digital recharge platform and mobile wallet venture MobiKwik, run by One MobiKwik Systems Pvt Ltd, and Snapdeal-owned rival FreeCharge. A Nielsen report on mobile wallets released last ...

16 June, 2016 | More »

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How fin-tech startups are changing India’s financial services sector

India’s financial services sector is set for a transformation in coming years thanks to the emergence of fin-tech startups that are changing the way payments are processed, loans are sanctioned and personal finance decisions are made. According to a joint report by KPMG in India and Nasscom 10,000...

8 June, 2016 | More »

Govind Rajan

We’ll focus on being a mobile payments firm, says FreeCharge’s Rajan

FreeCharge, the digital payments platform of Snapdeal, is increasingly playing an important role in the e-commerce company’s overall business strategy with both the entities cross-selling on each other’s platform. According to a Nielsen report, FreeCharge holds the second position– after P...

30 May, 2016 | More »

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FreeCharge names Govind Rajan CEO, Kunal Shah chairman

Snapdeal-controlled digital payments platform FreeCharge has named Govind Rajan as the company’s CEO and Kunal Shah its chairman. Rajan is currently the chief operating officer while Shah is the CEO. In his previous stints, Rajan was the chief marketing officer (B2C) at Bharti Airtel Ltd and c...

24 May, 2016 | More »

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Fintech startup TranServ hires former MasterCard, MobiKwik executives

Mumbai-based digital payments company TranServ Pvt Ltd has strengthened its top deck with two senior-level appointments. The company has appointed Salil Mody as senior vice president of corporate strategy and Ushpinder Singh as senior vice president and head of its merchant business. Mody, who most ...

11 May, 2016 | More »

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Fintech startup TranServ raises $15M from IDFC fund, Micromax

Digital payments firm TranServ Pvt Ltd has raised $15 million (Rs 100 crore) in its Series C round of investment led by venture capital fund IDFC SPICE and consumer electronics maker Micromax Informatics Ltd. Existing investors Nirvana Venture Advisors and Faering Capital India Evolving Fund also pa...

26 April, 2016 | More »