Paytm founder Vijay Shekhar Sharma-backed Pai Platforms launches shopping app
8 months, 2 weeks ago

Paytm founder Vijay Shekhar Sharma-backed Pai Platforms launches shopping app

Hindustan Times  

Pai Platforms, backed by Paytm founder Vijay Shekhar Sharma, launched a shopping app on the Open Network for Digital Commerce, it was reported. The report comes two months after Paytm E-commerce Private Limited rebranded itself as Pai Platforms and acquired Bitsila, a seller-side platform on ONDC. Government-backed ONDC has become an important focus area for Paytm where it sees its next big opportunity, the report claimed as Paytm's Vijay Shekhar Sharma said earlier, "Commerce is a natural extension for us. There are around 50 million e-commerce users in India and over a fifth are already on ONDC.” The Paytm founder also said then that ONDC will open up e-commerce opportunity for a lot of players.

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History of this topic

Vijay Shekhar Sharma's rebuild team plan: Wants ex-Paytm executives to come back
6 months, 1 week ago

Vijay Shekhar Sharma's rebuild team plan: Wants ex-Paytm executives to come back

Hindustan Times  

Paytm founder and CEO Vijay Shekhar Sharma is reportedly reaching out to former executives of the company as he aims to revive the embattled firm. The report also claimed that Vijay Shekhar Sharma has been taking control of the various verticals to push growth, reduce customer attrition and increase confidence among partners, merchants and customers. "Sharma's strategic move to reunite …

Paytm’s market share Continues to fall after RBI crackdown
6 months, 2 weeks ago

Paytm’s market share Continues to fall after RBI crackdown

Hindustan Times  

Paytm’s market share among India’s online payment apps, fell for a fourth straight month as the fintech pioneer struggles to recover from the Reserve Bank of India ordering its affiliate, Paytm Payments Bank to shut down, according to a Bloomberg report. Paytm Payments Bank isn’t actually controlled by Paytm, but is part of founder and CEO Vijay Shekhar Sharma’s fintech …

Paytm Q4: Vijay Shekhar Sharma tells shareholders ‘anticipate tangible results’
7 months ago

Paytm Q4: Vijay Shekhar Sharma tells shareholders ‘anticipate tangible results’

Hindustan Times  

Paytm's Vijay Shekhar Sharma told shareholders that the company's revenue and profitability will be impacted in the near-term due to disruptions faced in the business in Quarter 4. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm, attends the Japan Fintech Festival in Tokyo, Japan. Full text of Paytm founder and CEO Vijay Shekhar Sharma’s letter …

Paytm Announces Leadership Change To Double Down On Payments & Financial Services Offerings
7 months, 2 weeks ago

Paytm Announces Leadership Change To Double Down On Payments & Financial Services Offerings

ABP News  

One97 Communications Limited that owns the brand Paytm is expanding its leadership team to build a large and profitable payment and financial services distribution business. Expanding Priority To Wealth Management Products The company has also undertaken leadership transitions within its wealth subsidiary where Rakesh Singh has recently been appointed as the new Chief Executive Officer of Paytm Money Ltd. With …

Paytm’s Vijay Shekhar Sharma-linked PaiPai scrambles to remove app after launch
8 months ago

Paytm’s Vijay Shekhar Sharma-linked PaiPai scrambles to remove app after launch

Hindustan Times  

Paytm’s Vijay Shekhar Sharma-linked Pai Platforms launched the PaiPai app on Google Play Store by mistake and the company rushed to remove it from there as this was done way ahead of schedule, MoneyControl reported today. Paytm founder Vijay Shekhar Sharma linked PaiPai app was launched ahead of schedule on Google Play STore and the company had to rush to …

Paytm's Vijay Shekhar Sharma on RBI action: ‘In my lifetime, I would like…’
9 months, 2 weeks ago

Paytm's Vijay Shekhar Sharma on RBI action: ‘In my lifetime, I would like…’

Hindustan Times  

Paytm founder Vijay Shekhar Sharma said that he was confident that his company will overcome regulatory setbacks in India this year and stage a comeback. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm, attends the Japan Fintech Festival in Tokyo, Japan. He asserted, “And it is important for you, yourself to be taking care of …

Vijay Shekhar Sharma resigns as chairman of Paytm Payments Bank; board reconstituted
9 months, 3 weeks ago

Vijay Shekhar Sharma resigns as chairman of Paytm Payments Bank; board reconstituted

Hindustan Times  

Paytm founder Vijay Shekhar Sharma has resigned as part-time non-executive Chairman of Paytm Payments Bank Limited ahead of the March 15 deadline to wind down its business. PPBL has also reconstituted its Board of Directors with the appointment of Ex-Central Bank of India Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former Executive Director of Bank of Baroda Ashok Kumar …

Paytm CEO Vijay Shekhar Sharma meets FM Nirmala Sitharaman amid crisis
10 months, 2 weeks ago

Paytm CEO Vijay Shekhar Sharma meets FM Nirmala Sitharaman amid crisis

Hindustan Times  

Paytm founder and chief executive officer Vijay Shekhar Sharma met Union finance minister Nirmala Sitharaman on Tuesday to discuss the ongoing challenges faced by his fintech firm following the Reserve Bank of India curbs, ANI reported. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm. The high-level meeting took place hours after Sharma and few Paytm …

Paytm crisis: No ED investigation either against company or CEO, company asserts
10 months, 2 weeks ago

Paytm crisis: No ED investigation either against company or CEO, company asserts

Hindustan Times  

The Enforcement Directorate is neither investigating owner of Paytm brand- One97 Communications- nor its founder and CEO Vijay Shekhar Sharma for money laundering, the company said. We have and continue to abide by Indian laws and take regulatory orders with utmost seriousness.” This comes following a recent RBI order that barred Paytm Payments Bank Ltd from taking any further deposits, …

Vijay Shekhar Sharma to become largest shareholder in Paytm. Here's how
1 year, 4 months ago

Vijay Shekhar Sharma to become largest shareholder in Paytm. Here's how

Hindustan Times  

Fintech firm One97 Communications founder and CEO Vijay Shekhar Sharma will acquire a 10.30 per cent stake in Paytm from Antfin Holding BV through an off-market transfer in a no-cash deal. As per the deal, Sharma will purchase 10.3 per cent shareholding in Paytm from Antfin through his 100 per cent owned overseas entity Resilient Asset Management BV which will …

Paytm Announces Upgraded Payments Platform Launch With Indigenous Technology
1 year, 8 months ago

Paytm Announces Upgraded Payments Platform Launch With Indigenous Technology

Hindustan Times  

● Massive upgrade of Paytm’s payments platform through an indigenous full-stack development will further boost digital payments in the country. Paytm Announces Upgraded Payments Platform Launch With Indigenous Technology ● Aimed at significantly enhancing consumer experience of digital payments through much better success rate, speed and security One97 Communications Limited that owns the brand Paytm, India’s leading payments and financial …

Amitabh Kant pays with Paytm at Udaipur during G20 Sherpas meet — praises the digital payments transformation of India
2 years ago

Amitabh Kant pays with Paytm at Udaipur during G20 Sherpas meet — praises the digital payments transformation of India

India Today  

Disclaimer: The material and information contained are for advertorial purposes only. Fintech pioneer Paytm has taken the QR code to every nook and corner of the country and has revolutionised the digital payments space in India. Recently, this digital transformation was highlighted on Twitter by India’s G20 Sherpa Mr. Amitabh Kant. During the G20 Sherpas meet in Rajasthan’s Udaipur, Kant …

Paytm Shifting Focus From Growth To Profitability, Taking Steps To Woo Investors: Sharma
2 years, 4 months ago

Paytm Shifting Focus From Growth To Profitability, Taking Steps To Woo Investors: Sharma

News 18  

Paytm is set to become India’s first internet company to hit $1 billion in annual revenue by March 2023, and the company is also shifting its focus from growth to profitability, according to a Bloomberg report quoting the digital payments firm’s founder and CEO Vijay Shekhar Sharma. Meanwhile, bullish on the company’s strong performance in Q1 FY23, equity research firm …

Paytm, Fullertone announce partnership to scale up digital lending to MSMEs
2 years, 10 months ago

Paytm, Fullertone announce partnership to scale up digital lending to MSMEs

Live Mint  

"Fullerton India and One97 Communications Limited, which owns the brand Paytm, India’s leading digital payments and financial services platform, have announced a partnership to provide lending products to merchant partners and consumers. With the partnership, the two established institutions will leverage data-driven insights and wide reach to bring credit to new-to-credit users," Fullerton India said in a statement. Besides, the …

Paytm IPO Receives 48% Subscription on Day 2, Retail Portion Fully Booked | All About It
3 years, 1 month ago

Paytm IPO Receives 48% Subscription on Day 2, Retail Portion Fully Booked | All About It

ABP News  

Paytm IPO Update: Paytm founder Vijay Shekhar Sharma visited the Tirumala Temple in Tirupati to pray for the success of the IPO of his Fintech company Paytm. However, Paytm's IPO has received a 48 per cent subscription on its second day. The IPO of One97 Communications, the parent firm of Fintech company Paytm is being called the largest one in …

Is Paytm worth what its owners are asking for?
3 years, 1 month ago

Is Paytm worth what its owners are asking for?

Live Mint  

Paytm’s initial public offering comes at a time when the frenzy in startup IPOs is showing signs of fatigue. That said, Paytm’s IPO would still get a strong response from investors, and one only has to look at its anchor book list for confidence. Formally known as One97 Communications Ltd, Paytm started as a mobile wallet company and has morphed …

Paytm IPO: One97 Communications Approves Rs 12,000-crore Fund Raising Plan
3 years, 6 months ago

Paytm IPO: One97 Communications Approves Rs 12,000-crore Fund Raising Plan

News 18  

One97 Communications, the parent company of Paytm has decided to raise Rs 12,000 crore by issuing fresh equity in its extraordinary general meeting on July 12, according to reports. “Resolved that the shareholders of the Company hereby take on record that Mr. Vijay Shekhar Sharma shall henceforth not be identified as a ‘promoter’ of the Company for any purpose, regulatory, …

Paytm targeting biggest-ever IPO in India
3 years, 6 months ago

Paytm targeting biggest-ever IPO in India

Live Mint  

Paytm, India’s leading digital payments provider, is aiming to raise about ₹21800 crore in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever. The startup, backed by investors including Berkshire Hathaway Inc., SoftBank Group Corp. and Ant Group Co., plans to list in India around …

Amazon, Google vie for piece of India’s digital payments market
3 years, 9 months ago

Amazon, Google vie for piece of India’s digital payments market

Live Mint  

Technology giants Facebook Inc., Amazon.com Inc. and Google and credit-card providers Visa Inc. and Mastercard Inc. are among those vying for unprecedented access to India’s burgeoning digital retail payments market. In a market where cash is still king, digital payments are quickly gaining ground as India’s 1.3 billion people are starting to embrace online shopping and services such as online …

Paytm Clocks 1.2 Billion Monthly Transactions As Atmanirbhar Digital Bharat Push Reaps Rewards
3 years, 9 months ago

Paytm Clocks 1.2 Billion Monthly Transactions As Atmanirbhar Digital Bharat Push Reaps Rewards

News 18  

Indian digital payments platform Paytm has clocked more than 1.2 billion monthly transactions and says that this 15% month-on-month growth means that the platform recorded the most number of transactions among all digital payments platforms. Paytm says that there has been a steady increase in the number of users who use the platform for digital payments, also availing financial services …

Japan's PayPay Based on India's Paytm: SoftBank CEO Hails Indian Payments App
3 years, 10 months ago

Japan's PayPay Based on India's Paytm: SoftBank CEO Hails Indian Payments App

News 18  

Prolific investment firm SoftBank’s chief executive, Masayoshi Son, expressed superlative praise for leading Indian digital payments service, Paytm. In a recently concluded earnings call with SoftBank’s investors, Son highlighted how Paytm, in which the SoftBank Vision Fund made key investments, created numerous technologies that were adopted by Japan’s PayPay, and this in turn seemingly helped PayPay become the top digital …

Paytm Money to offer investments in IPOs
4 years ago

Paytm Money to offer investments in IPOs

Live Mint  

Paytm Money, the wealth management arm of One97 Communications Ltd, will allow users to invest and participate in upcoming initial public offerings in India on its platform, it said on Sunday. Paytm Money will enable investors to instantly apply for the latest IPOs from their Unified Payments Interface ID-linked bank accounts and complete the application process in three-four days. In …

Paytm announces Rs 10 crore fund for mini app developers
4 years, 2 months ago

Paytm announces Rs 10 crore fund for mini app developers

India TV News  

Increasing its stake in its ongoing fight with Google, leading digital payments platform Paytm on Thursday announced a Rs 10-crore fund for mini apps developers in the country. Addressing a mini-apps developer conference, Paytm Founder Vijay Shekhar Sharma said that he is targeting "at least one million mini apps" to put an end to "the victimisation of 30 per cent …

Paytm will have 1 million mini-apps before Google’s in-app commission
4 years, 2 months ago

Paytm will have 1 million mini-apps before Google’s in-app commission

Live Mint  

BENGALURU: Paytm, the Noida-based payments major, which launched its mini-apps platform this week, will add close to 1 million mini apps before Google plans to make Play Store billing mandatory for Indian developers by April 2021. In a virtual conference on Thursday, Paytm founder Vijay Shekhar Sharma said the company will invest close to ₹10 crore for its mini-app developer …

Paytm Launches Mini App Store Amid Calls For Indian Alternative to Google Play Store
4 years, 2 months ago

Paytm Launches Mini App Store Amid Calls For Indian Alternative to Google Play Store

News 18  

Digital payments app Paytm has launched its own mini app store which can be accessed directly via the Paytm app. It also comes Paytm CEO Vijay Shekhar Sharma was reported to be working towards bringing an Indian alternative to Google Play, after Indian developers called for a local alternative to Google’s Play Store and Apple App Store. The push for …

Paytm launches its own mini app store
4 years, 2 months ago

Paytm launches its own mini app store

Live Mint  

BENGALURU :Digital payments firm Paytm has launched a mini-app store to support Indian developers, in a direct challenge to Google’s dominance in the space. While the removal of the app may be a trigger, Paytm’s move is perhaps a direct fallout of Google mandating that developers listed on its Play Store use its billing service. Last week, startup founders such …

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