NPCI joins hands with brands, aggregators to introduce tokenization facility for Rupay card users

The National Payments Corporation of India has joined hands with brands and aggregators such as bigbasket, Goibibo, MakeMyTrip, JioPay, and PhonePe to introduce tokenization facility for Rupay card users to enhance online transaction security. The facility will be supported by the recently launched NPCI Tokenization System (NTS). Tokenization will allow a seamless and convenient transaction … Read more

Paytm continues to decline, stock sheds 13% more

Mumbai: Shares of parent One97 Communications plunged as much as 19% on Monday, adding to its 27% decline on debut on Thursday as retail investors who bet on a listing gain continued to dump the stock while domestic institutional investors stayed away from the counter. The subdued listing and continuation of weak trading on Paytm … Read more

Paytm parent’s IPO sees muted demand on day 1

Mumbai: The ₹18,300-crore public offer of One97 Communications, the parent company of , saw circumspect investor response on day 1, with 18% of the issue bid. India’s biggest public offer received bids for 8.742 million shares against the total issue size of 48.4 million shares. The retail quota was subscribed 78%, whereas the quota reserved … Read more

Analysts divided on Paytm promoter’s public offering

Mumbai: Paytm promoter One97 Communications’ ₹18,300-crore initial public offering is set to open for subscription on Monday. While analysts are divided about the stock‘s longer-term prospects, some of them recommend subscribing to the IPO only for listing gains. The IPO comprises fresh issuance of shares worth ₹8,300 crore and an offer for sale of ₹10,000 … Read more

D-Street to raise record Rs 31,000 cr from deluge of IPOs in 2 weeks

(This story originally appeared in on Oct 29, 2021) MUMBAI: The Indian capital market is set to witness one of the busiest fortnights in its history as six companies have lined up to together raise about Rs 31,400 crore by November 10. The six issues include the one from tech-enabled payments major One 97 Communications, … Read more

Sebi approves Paytm IPO, 6 others

Mumbai: The Securities and Exchange Board of India (Sebi) last week approved seven initial public offerings (IPO), including that of Paytm, which plans to raise a minimum of Rs 16,600 crore in the biggest ever scheduled share sales in India. Others that got the regulator’s nod are Policybazaar, ESAF Small Finance Bank, Anand Rathi Wealth, … Read more

HDFC Bank, Paytm team up for digital payments

(This story originally appeared in on Aug 23, 2021) MUMBAI: Two of the largest players in India’s payment ecosystem — HDFC Bank and Paytm — have come together to share their networks and jointly offer payment solutions to their merchant customers. HDFC Bank will make available to its merchant customers Paytm’s range of Android PoS … Read more