Paytm refutes reports of sharing Indian users’ data with third parties
Technology | May 26, 2018 16:58 ISTA report was doing rounds on the social media that Paytm is sharing its users's data with third parties.
A report was doing rounds on the social media that Paytm is sharing its users's data with third parties.
Paytm founder Vijay Shekhar Sharma has also demanded a level-playing field for all UPI-based apps.
The move by Paytm is expected to provide a big boost to the government-backed UPI payments interface.
These are the initial years for Paytm Mall and we have a long-term perspective on building a successful tech business, a Paytm Mall spokesperson said.
Mobile wallet interoperability will allow a Paytm user to transfer and receive funds from a FreeCharge or MobiKwik user.
Both Flipkart and Amazon, with their Big Billion Day and Great Indian Festival respectively, are also looking to speed up deliveries and reduce delivery time by at least a day
The Mukesh Ambani-led company based in Mumbai has a total subscriber base of 12.3 crore, according to figures released by telecom regulator.
Smartphones of Lenovo, Panasonic, Micromax, Vivo smartphones and recently launched Xiaomi Mi Max 2 have also been listed with 10 per cent cashback. To check out all the deals on smartphones, head here.
Paytm has decided to take on Facebook-owned WhatsApp messenger by launching its own messaging service on its app.
Paytm said its pre-GST sale will offer a cashback of up to Rs. 20,000 on items including televisions, consumer durables, premium laptops and DSLR cameras
In his new role Amit Sinha, as the Chief Operating Officer, will be responsible for overall operations of Paytm Mall
The deal, said to value around Rs 82 crore, will mark the first entry of an Internet billionaire into the Lutyens’ zone which houses around 1,000 bungalows but has only 70 for private use
Snapdeal had acquired FreeCharge in 2015 for an estimated Rs 2,400 crore in a stock-cash deal
Backed by Chinese firm Alibaba and Japanese conglomerate SoftBank, the company has earmarked initial investment of Rs 400 crore to build its banking network over two years
Homegrown mobile payment and e-commerce platform Paytm, run by One97 Communication Ltd, has raised $1.4 billion (approx. Rs 9,100 crore) funding from Japanese internet and telecom major SoftBank Group, the company said here on Thursday.
As per the Central bank’s guidelines, the company will transfer its wallet business to the newly incorporated payments bank entity under a payments bank licence awarded to Founder and CEO Vijay Shekhar Sharma
The development comes at a time when Paytm is looking to expand into areas such as banking and finance and will need significant funds over the next three years
Prime Minister Narendra Modi and Paytm founder Vijay Shekhar Sharma were the only two Indians to make it to an annual list of '100 most influential people in the world' this year released by the Time magazine today.
The Japanese conglomerate is believed to be in discussions with Paytm for a funding of Rs 64,000 crore into the payments platform. The move comes at a time the company is already discussing Snapdeal’s sale to Flipkart
Paytm has seen a steep surge in its valuation following the government's drive to transform India into a cashless society
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