As a part of the deal, Paytm will also leverage CreditMate's proprietary credit and asset valuation technology and loan management system.
"I haven't stopped investing. In fact I am doing more double down because now you get good quality deals at the right price," says Mehta who invests in a startup a month.
The digital payments sector in India is estimated to grow to USD 500 billion by 2020, up from roughly USD 50 billion last year.
There are a handful of startups who enjoy the limelight, countless others fail, sometimes mysteriously and often unnoticed
In an exclusive interaction, Paytm COO reveals for the first time ever how the company managed to get ads published in front pages of newspapers just the night after demonetisation and how the company has grown since then...
The company is targeting to grow to 100 million users on its chat application Inbox, by March 2018. Overall, Paytm has about 270 million users on its payments platform.
With this, the users will be able to create their own Paytm BHIM UPI ID on the app, which will be issued by Paytm Payments Bank.
The messaging platform is encrypted end-to-end, and users can initiate private conversations and create group chats. They can also send photos and videos instantly or share their live location
While Paytm holds a significant market in QR code payments, PhonePe is hoping to embark on the next level of market disruption through this new PoS product
Paytm Payments Bank MD-CEO Renu Satti said the RBI guidelines released this month will enable mobile wallets to gain access to more functionalities like unlimited transfer of funds between a bank account and a wallet and higher limit of up to Rs 1 lakh for money transfer to beneficiary accounts.
MD and CEO of Paytm Payments Bank, Renu Satti, tells us how RBI's new KYC guidelines will benefit serious players like Paytm that has over 250 million users
When a company like Apple - which launched Apple Pay globally back in 2014 - decides to now make an entry into India's digital payments space one understands how big the stakes are
The company said it witnessed 12 per cent surge in gold sales on Dhanteras, which was celebrated yesterday across the country. It is an auspicious day to buy gold, silver and other metals.
Electronic appliances, smartphones, fashion categories are currently being sold on e-commerce sites at heavy discounts.
Paytm, which had partnered with gold refiner MMTC-PAMP to allow consumers to buy gold through its platform.
Students enrolled full time in an undergraduate or postgraduate programme are eligible to apply for the campus ambassador programme, which has three or four positions on offer
MobiKwik, which competes with the likes of Alibaba-backed Paytm and Flipkart's PhonePe, also expects to see 2.5X growth in daily transactions on its platform.
Paytm Mall is leaving no stone unturned in ensuring an aggressive growth—from offering a cashback of Rs 500 crore this festive season to announcing Rs 100 crore specifically on media campaigns ahead of the Diwali festival
Besides Bangalore-based Amazon, Noida based Paytm Mall also questioned the research methodologies of RedSeer Consulting, saying it were not relevant for their model.
Amazon reported a fourteen-fold growth in traffic during the first day of the Great Indian Festival on Thursday
Amazon's four-day festive sale, which commenced on September 21, clashed with those by rivals Flipkart and Paytm. "We have seen 2.5X growth in smartphone sales, 4X increase in large appliances and 7X in fashion sales. This is our biggest ever sale," Amazon India vice president-category management Manish Tiwary told PTI.
With rival Snapdeal, vacating the third place, Paytm Mall is planning to capture the third spot in India's e-commerce industry
Moneycontrol gives readers a sneak peek inside the Amazon India 'war rooms' as it kicked off its biggest Diwali sale ever at midnight, this week.
The e-tailers have tied-up with brands and sellers to enhance buyer's shopping experience this time
The screenshots show a fake communication between Sharma where he is praising two people Sahil and Samant over some business plan