Free Press Journal
  • editorial, R N Bhaskar, RBI, crucial chinks, Reserve Bank Of India, Demonetisation, digital payments

    RBI norms to make e-wallets seamless

    Mumbai: The Reserve Bank on Tuesday released guidelines to facilitate payments among different mobile wallets, a move aimed at promoting digital transactions. As per the road-map laid down in 2017, interoperability of all KYC-compliant Prepaid Payment Instruments (PPIs) was to be enabled in three phases – interoperability of PPIs issued in the form of wallets through Unified Payments Interface (UPI), interoperability between wallets and bank accounts through UPI, and interoperability for PPIs

  • Berkshire picks up stake in Paytm

    New Delhi : Billionaire Warren Buffett’s Berkshire Hathaway has picked up stake in Paytm and will get a position on the board, the largest digital payments company in India said on Tuesday. The companies did not disclose the details of the deal including the stake size or the amount invested by the US-based Berkshire.

  • Warren Buffett’s Berkshire Hathaway in talks to invest up to $350 million in Paytm

    New Delhi: Warren Buffett’s Berkshire Hathaway is set to invest about USD 300-350 million in Indian digital payments major Paytm, according to sources. The investment, which values the Alibaba and SoftBank-backed One97 Communications at over USD 10 billion, is likely to be announced in the next few weeks, according to two people familiar with the development. They did not wish to be identified as the deal is still in the works. One of the persons

  • Five most innovative Indian platforms of 2018

    New Delhi: With platforms like Paytm, Zomato and Flipkart, the Indian startups community has gained a lot of global recognition and accolades for their unique innovation and technology. Here is a list of five new Indian brands which are reaching new milestones every day with their unique approach and concept:

  • ‘We don’t share user data with 3rd-parties, govt’

     New Delhi : Digital payments company Paytm on Saturday said that it does not share data of its users with any third-party or government. “We never share your (user) data with anyone: any company/ any government or any country. At Paytm, your data is yours. Not ours, or of a third party, or of the govt,” Paytm said. It added that its policy allows only legally-compliant data requests from the law of

  • Never shared Indian users’ data with third parties: Paytm

    New Delhi: Digital wallet payment company Paytm on Saturday refuted media reports that it has shared user data to third parties, saying that the data of its 300 million registered users is safe in India. “There is a video going around on social media and it falsely claims that we shared some data with 3rd parties. Nothing can be further from the truth,” the company wrote in a blog post.

  • Paytm’s eCommerce arm Paytm Mall launches PoS system for retailers, ties up with Asus

    New Delhi: Paytm’s ecommerce arm Paytm Mall on Wednesday launched its point-of-sale (PoS) system for retailers and its brand partners to manage their offline (walk-in) and online customers. “Our Offline-to-Online (O2O) model is deeply in sync with what the offline shopkeepers need and hence we are offering a unified solution, Paytm Mall PoS,” said Paytm Mall Chief Operating Officer Amit Sinha.

  • Mobile wallet cos make hay

    New Delhi : Mobile wallet companies including Paytm, Mobikwik and Flipkart-owned PhonePe on Wednesday said they have seen a significant jump in digital transactions amid a recent currency shortage at ATMs and banks in some parts of the country.

  • Paytm Payments Bank customers can now avail high-return fixed deposits

    New Delhi: Digital payments platform Paytm Payments Bank on Monday announced its partnership with IndusInd Bank to introduce a first-of-its kind facility to create a fixed deposit when the balance of a customer’s account exceeds Rs one lakh, at the end of the day.

  • Paytm QR announces direct payment acceptance into bank accounts

    New Delhi: Digital payment giant Paytm has announced that its QR now allows offline merchants to accept unlimited payments directly into their bank accounts at zero charge, in a bid to democratise mobile payments for both merchants and consumers by offering them more choices and convenience. Now, consumers can scan and pay at merchant outlets using their preferred payment methods such as Paytm, UPI, Cards and net-banking.

  • Paytm swears by India digital play, lines up Rs 20,000 crore

    New Delhi, Paytm, which has high-profile investors like SoftBank and Alibaba, has drawn up a massive investment plan of Rs 20,000 crore as the group expands its play into the digital payments, financial services and e-commerce space in the country. “In the last 2 years and the next three years, we would have invested Rs 18,000-20,000 crore. I don’t want to talk about profitability right now because we are still in an investment

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