Bengaluru: Paytm will integrate its digital payments services with IndiaStack, an open-stack platform that offers technology infrastructure for the unified payment interface (UPI), esign, digital lockers and electronic customer verification. The Paytm app on December 8 added a new security layer …
Tag: Vijay Shekhar Sharma
Paytm rolls back small business app on security concerns
Mobile wallet company Paytm has suspended its app that allowed small shopkeepers to accept payment through cards amid ongoing cash crunch, citing risks to customer data and privacy. The new feature was designed to eliminate the need for a physical point-of-sale (PoS) terminal or a card swipe mach…
Currency Switch Impact | Paytm launches app-based POS; to accept all debit, credit cards
Merchants registered with e-wallet Paytm will now be able to accept all major debit and credit cards as the company launched point of sale solutions (POS) facility on its app today. This will allow the merchants accept all card payments including Rupay, Visa, MasterCard and Maestro through their …
Paytm to help 1,000 start-ups improve its payments system
It is common practice in Silicon Valley for large technology companies such as Google, IBM, Facebook and Microsoft to provide startups with technology and financial help to build businesses in complementary areas. The concept is now being imported into India by Paytm, the country’s biggest paymen…
LIC, pension funds should be allowed to invest in start-ups: Experts
Top fund managers and start-up veterans pushed for increasing the domestic capital pool by removing investment restrictions on insurance companies and pension funds. They felt even a fraction of investible funds from these behemoths could bring in a lot more funds than what the government is dire…
After consumer-centric startups, fund woes hit B2B ventures hard
Consumer-centric start-ups aren’t the only ones struggling to raise fresh funds these days. Business-to-Business (B2B) ventures too are finding it hard to convince investors to back them. Data from Tracxn Technologies show just $433.30 million was invested in B2Bs between January and August this …
Paytm to raise $300 million, valuation pegged at $5 billion
Vijay Shekhar Sharma-led mobile wallet major Paytm is in advanced talks to raise $300 million in fresh funds. According to multiple sources, other than existing investors such as Chinese e-commerce giant Alibaba and SAIF Partners, the new round of fundraising will see participation from Singapore…
Sheroes raises Rs 12 crore in Series-A funding
Sheroes.in, a jobs and career platform for women has raised Rs 12 crore in a Series-A funding led by Lumis Partners as part of a larger commitment. The fund raising also saw participation from The HR Fund, angel investor Rajul Garg and existing investor Quintillion Media led by Raghav Bahl. Dexte…
Offline-to-online retail discovery platform Appie raises bridge round of $1 million
Mumbai-based Appie Mobiquity , which owns and operates offline-to-online (O2O) retail discovery platform Appie, has raised a bridge round of about $1 million (Rs 6.65 crore) from an undisclosed list of investors. While the terms of the transaction were not disclosed, the startup will use the proc…
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…