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Posts Tagged ‘ Payments bank ’

Paytm Payments Bank gets RBI’s final approval

Tuesday, January 3, 2017 | More »

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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...

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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 »

Abhishek-Tripathi

Airtel payments bank hires PayU executive Abhishek Tripathi to lead SMB solutions

Abhishek Tripathi, associate director and business head at PayU Payments Pvt. Ltd, has decided to quit the company to join Bharti Airtel Ltd. He will be leading the small and medium business at Airtel Payments Bank. “I have joined Airtel Payments Bank to lead the SMB/SME solutions,” Trip...

24 October, 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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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 »

Left to right Sohini Rajola, head of digital banking at Axis Bank, Ananya Birla, founder of Svatantra Microfinance, T R Ramachandran, group country manager of India and South Asia, Visa, Mihir Gandhi, associate director of payments transformation, PwC India, Amit Soni, principal, General Atlantic

Payments banks’ quest for profits starts with monetising customer data: Techcircle Payments Forum

The yet-to-launch payment banks need to monetise the data on customers at the bottom of the pyramid, said panelists at the Techcircle Payments Forum held in Mumbai. In a discussion on ‘Emergence of New Payment Banks: How can traditional businesses respond?’, senior executives from tradit...

20 May, 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 »