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Posts Tagged ‘ One97 Communications Ltd. ’

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

Friday, December 9, 2016 | More »

Vijay Shekhar Sharma, Founder, Paytm
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...

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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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Jugnoo pushes back bigger funding plan, tops up Series B round

SoCoMo Technologies Pvt Ltd, which runs on-demand delivery services startup and auto-rickshaw aggregator Jugnoo, has raised more money at its existing valuation after pushing back a planned Series C funding round. The Chandigarh-based startup said on Monday it has raised an additional $10 million (R...

18 April, 2016 | More »

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Ex-RBI exec Shinjini Kumar to head Paytm’s payments bank

Mobile wallet and e-commerce firm One97 Communications Ltd has appointed Shinjini Kumar, a former RBI executive and currently director at management consultancy firm PricewaterhouseCoopers (PwC), as CEO of its payments bank. Kumar is expected to take charge next month, according to separate media r...

19 February, 2016 | More »

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IRCTC curbs on e-wallets may deter Paytm, Mobikwik users

The ministry of railways’ decision to bar consumers from using e-wallet and cash cards to book train tickets using the Indian Railways Catering & Tourism Corporation Ltd, or IRCTC, website for four hours daily could affect Paytm and Mobikwik’s plans to get train travellers to use the...

29 January, 2016 | More »

Vijay Shekhar Sharma, founder of Paytm

Paytm inks pact with Alibaba to enter US, China markets

One97 Communications Ltd, which runs mobile wallet and e-commerce venture Paytm, has inked a commercial agreement with NYSE-listed Alibaba Group Holding Ltd, its major investor, to expand its network to international markets such as the US and China, the Mint reported. The deal, in turn, will help...

27 January, 2016 | More »

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Paytm VP Amit Lakhotia quits

Amit Lakhotia, vice president of payments at One97 Communications Ltd, which runs mobile wallet and e-commerce venture Paytm, has resigned from the company. Lakhotia told Techcircle.in that while he is yet to firm up his plans his priority will be to start his own company. Prior to joining Paytm in ...

14 January, 2016 | More »

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