It was late evening. An aroma filled the room. I looked up and around, and saw colleagues sipping tea. The faces which seemed over-worked, suddenly were smiling as though their task had become simpler. But a cup of tea means different things to different people. Chai (tea), for some is a necessit…
Tag: Cafe Coffee Day
Alipay and Paytm go to local stores to hard sell e-wallets
Chinese payments company Alipay and Indian partner Paytm said they aim to increase adoption of digital wallets by small store owners in India and China this year. As a part of the initiative, Alipay said it is offering Paytm its technological capabilities and risk management systems to help it gr…
Ola acquires Chennai-based Qarth technologies
Ride-hailing app Ola said it has acquired Chennai-based Qarth Technologies, which has developed a mobile payments app X-Pay, in a move aimed at strengthening its payments business — Ola Money. Ola did not disclose the size of the deal. The IIT-Madras-incubated startup, founded in 2012, offers a p…
Paytm expects to double its offline merchants to four million
Mobile payments and commerce platform Paytm plans to double its offline merchant and ‘kirana’ store network to reach four million merchants this year, as it looks to create more use cases for its wallet and payment bank business. “This year, we will be present offline in every n…