A day after rival Paytm launched its app-based point of sale (POS) facility, for users with credit and debit cards, Mobikwik announced a virtual card technology which will allow users make payments across all online and offline shops which accept cards. Mobikwik claims that it will be a safe way …
Tag: Paytm
Currency Ban Impact | Paytm & others jump over the idea, markets affected
New Delhi: While citizens across the country went into a panic mode with the government demonetising Rs 500 and Rs 1000 notes, various quick-thinking brands tried to encash the opportunity and rolled out offers luring people to use plastic money even as popular markets such as Khan Market and Con…
Currency Ban Impact | Start-ups encouraging online transactions, gaining new customers
Even if temporary, markets wore a deserted look today across India as high value cash in hand became just a paper overnight for Indian citizens. Modi’s surgical strike on black money has had an impact on traders and parallel economy who used to deal only in cash, especially in India’s…
Learning from neighbour: 3 lifehacks from China for Indian start-ups
China always has had a huge influence in the Indian startup ecosystem. From investments and collaborations, China has been an inspiring neighbour for us. Chinese investors have also been warming up to startups and we have seen a plethora of funds being showered on startups like Hike Messenger, Pa…
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…
SoftBank in talks to put money into FreeCharge
Japan’s SoftBank Corp, the largest shareholder in Snapdeal, is in talks to invest in FreeCharge, the digital payments unit of the online marketplace, according to two people aware of the development. The round is expected to see FreeCharge, which competes with Alibaba backed Paytm, take in $150-$…
Paytm buys edutech start-up Edukart
Payment services provider Paytm (One97 Communications Ltd) has bought education technology start-up Edukart, backed by cricketer Yuvraj Singh and Paytm Founder Vijay Shekhar Sharma, after it failed to raise new funds, said three people aware of the development. The purchase, whose value wasn’t di…
The state of fintech startups in India
When China’s Alibaba opened its wallet last year to invest over half a billion dollars in Paytm, the world of financial technology took notice. However, beyond Paytm, there is a bunch of start-ups engaged in various aspects of fintech, a sector that has seen a funding slowdown this year. Here is …
Indian start-ups’ East Asian connection
The interest of Chinese and Japanese investors in Indian start-ups continues. While established investors such as Alibaba and Softbank have been rather lukewarm this year, other investors from the two countries such as Beenos Partners, Rebright VC, Digital Garage, GMO, Tencent, Ctrip, Hillhouse C…