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Posts Tagged ‘ One97 Communications ’

What prompted Paytm to roll back 2% fee on wallet top-up via credit cards?

Friday, March 10, 2017 | More »

Paytm E-Commerce set to raise $252 mn in round led by Alibaba
India’s top digital wallet Paytm on Thursday reversed the 2% levy on top-ups via credit cards it had introduced a day earlier, saying it was doing so keeping users’ convenience in mind and that it would instead put in place new mechanisms to check misuse. “We are conscious that this mo...

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Anil Ambani’s Reliance Capital sells its stake in Paytm for $41 mn

Anil Ambani-controlled Reliance Capital Ltd has sold its nearly 1% stake in digital wallet company Paytm for Rs 275 crore ($41 million) to China’s Alibaba Group, a report by Press Trust of India stated, citing unnamed sources. Reliance Capital had put in Rs 10 crore for its investment in the w...

7 March, 2017 | More »

Paytm E-Commerce set to raise $252 mn in round led by Alibaba

Paytm E-Commerce set to raise $252 mn in round led by Alibaba

Paytm E-Commerce Pvt. Ltd, the online marketplace arm of One97 Communications, is set to raise $200-252 million (Rs 1,350-1,700 crore) in an investment round led by Chinese internet giant Alibaba Group Holding Ltd, a major financial daily reported on Friday. The funding round, which marks Alibaba...

3 February, 2017 | More »

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Paytm Payments Bank gets RBI’s final approval

Digital payments firm Paytm has finally got regulatory approval to launch its much-awaited payments bank. “Today, the Reserve Bank of India gave permission to formally launch Paytm Payments Bank. We can’t wait to bring it in front of you,” founder Vijay Shekhar Sharma wrote in a blogpost o...

3 January, 2017 | More »

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Amazon plans Singapore launch in early 2017

American online retail giant Amazon.com Inc. is reportedly trying to establish its presence in Singapore, in what could be a step towards tapping the Southeast Asian market. “Amazon is covertly acquiring assets, including refrigerated trucks, and making new hires as part of an initiative led by he...

3 November, 2016 | More »

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Paytm appoints ex-Citigroup executive Madhur Deora as CFO

Mobile payment and e-commerce company Paytm, owned by One97 Communications has appointed former Citigroup executive Madhur Deora as it chief financial officer and senior vice president, according to a statement. Deora, an alumnus of Wharton School, was earlier with Citigroup Investment Banking as ma...

6 October, 2016 | More »

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Paytm unveils m-com marketplace strapped with a messenger to connect and bargain with vendors

Paytm, a digital goods and services marketplace from Noida-headquartered One97 Communications Ltd, has taken the wraps off its mobile-only shopping marketplace where the mobile app comes integrated with a digital wallet for payments. The firm said the app features more than 100,000 items from 250 me...

6 February, 2014 | More »

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One97 Communications launching m-commerce marketplace on Paytm app

Noida-based mobile internet firm One97 Communications Ltd is launching a mobile-only marketplace where users will be able to purchase products offered by its partner merchants using the company’s existing Paytm app. The m-commerce platform, which will go live by the end of this month, will offer a...

16 January, 2014 | More »

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Paytm to launch semi closed wallet soon; claims to hit 100M visitors in 2013

Paytm, a digital goods and services marketplace from One97 Communications, is all set to launch semi-closed wallet post securing license from RBI. This will enable users to use this wallet across various services on Paytm. Paytm currently offers closed wallet to users for recharging their prepaid ph...

2 January, 2014 | More »

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Plustxt’s Lohith V on exploiting synergies with One97, growth plans & messaging ecosystem

Bangalore-based Plustxt Mobile Solutions Pvt Ltd, a one-year-old startup which has been recently acquired by One97 Communications Pvt Ltd for under $2 million in a cash-and-equity deal, is now looking to exploit significant synergies with the Noida-based mobile internet firm, especially around an In...

13 August, 2013 | More »

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