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Posts Tagged ‘ One97 Communications Ltd. ’

Why a potential Snapdeal-Paytm merger makes perfect sense

Saturday, February 18, 2017 | More »

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Will they? Won’t they? Rumours come and go, but those around India’s third-largest e-commerce company Snapdeal’s merger refuse to die down, even though the suitors keep changing. For instance, not too long ago, the Jasper Infotech Pvt. Ltd-run company was in the news for exploring ...

Alibaba

Paytm investor Alibaba’s Ant Financial to buy US firm MoneyGram for $880 mn

In step with its international ambitions, Ant Financial Services Group, the payment business arm of Chinese e-commerce giant Alibaba Group, has agreed to buy US money-transfer company MoneyGram for $880 million. Alibaba and Ant Financial hold a significant stake in One97 Communications Ltd, the pare...

27 January, 2017 | More »

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Hero Group’s Sunil Munjal eyes stake in Paytm at $5.7 bn valuation

Hero Corporate Services chairman Sunil Munjal and Adventz Group chairman Saroj Poddar are reportedly looking to buy a stake in digital wallet and e-commerce firm Paytm. Munjal and Poddar are together negotiating to buy Paytm shares from early investor and former IDFC Securities analyst Nikhil Vora, ...

3 January, 2017 | More »

Vijay Shekhar Sharma, Founder, Paytm

Flashback 2016: Paytm gets note ban boost but payments bank hits a bump

If there is one man who is wholeheartedly welcoming Prime Minister Narendra Modi’s decision to scrap Rs 500 and Rs 1,000 banknotes, it’s Vijay Shekhar Sharma. The Paytm founder and CEO has turned out to be one of the biggest beneficiaries of the move as the cash crunch prompted people to increas...

26 December, 2016 | More »

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Paytm hits PayPal hurdle in trademark row

Mobile wallet and e-commerce firm One97 Communications Ltd’s bid to seek a trademark for Paytm has hit a hurdle with global online payments company PayPal Inc. challenging the Indian company’s move. PayPal has filed a notice with the Indian trademark office in which it opposed Paytm’s applicat...

15 December, 2016 | More »

Vijay Shekhar Sharma, Founder, Paytm

Vijay Shekhar Sharma sells 1% in One97 to raise $48.1 mn for payments bank

Paytm’s founder and chief executive Vijay Shekhar Sharma has sold 1% of his holding in the digital wallet’s parent firm One97 Communications Ltd, to raise nearly $48.1 million (Rs 325 crore). With the latest transaction, One97’s valuation reportedly stands at $4.8 billion (Rs 32,438.4 cror...

9 December, 2016 | More »

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Paytm to merge wallet business with payments bank

One97 Communications Ltd, the owner of digital wallet Paytm, said on Monday it will merge its wallet business with its upcoming payments bank to comply with Reserve Bank of India’s directions. The digital wallet will be transferred after the company gets necessary regulatory approval to start Payt...

5 December, 2016 | More »

Vijay Shekhar Sharma

Why Paytm halted mobile PoS rollout just a day after launch

Just a day after the blockbuster launch of its mobile point-of-sale (PoS), mobile wallet firm Paytm has halted the rollout of its App PoS. The launch – which would have taken Paytm’s total merchants count from 15 lakh to 1.5 crore in just a week (as per the company’s claims) – has be...

25 November, 2016 | More »

Mark Schwartz

Goldman Sachs executive Mark Schwartz to join Paytm’s board

One97 Communications Ltd, which runs mobile wallet and e-commerce platform Paytm, on Monday announced that Mark Schwartz, vice chairman of US-based investment banking major Goldman Sachs Group and chairman in Asia-Pacific, will join its board, according to a statement. Schwartz, who is currently bas...

24 October, 2016 | More »

Ruchita-Taneja-Aggarwal

Paytm gets Ruchita Taneja Aggarwal and Priya Karnik from Citibank for its payments bank

One97 Communications Pvt Ltd, which runs mobile payments and commerce platform Paytm, has roped in Ruchita Taneja Aggarwal and Priya Karnik of Citibank for its yet-to-launch payments bank. Aggarwal will head banking operations while Karnik will spearhead product development for banking operations se...

16 May, 2016 | More »

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