Mumbai: Digital payments firm Paytm’s shareholders on Monday approved a resolution for the company to raise Rs 12,000 crore in fresh shares through an initial public offering (IPO), according to sources close to the company. This makes the public listing of India’s second most valued startup all but official. The Noida-based fintech firm is now … Read more
Do you know that thieves these days look for just one thing once they get hold of your mobile phones? Your bank details. Not to forget with more and more people opting for digital payment apps, it’s not that difficult for smartphone thieves to access these wallets. To give you an example: criminals in Brazil’s … Read more
Digital payments startup Paytm will ask for shareholder permission to sell about $1.6 billion in new stock as part of what’s set to be India’s largest-ever initial public offering. The company wants to sell 120 billion rupees ($1.61 billion) in new shares plus a potential 1per cent for over-allotment, the company said in a notice … Read more
By Saritha Rai India’s Paytm is asking employees to decide whether they want to sell shares in the digital payments pioneer’s planned initial public offering, taking another step toward what could be the country’s largest stock market debut ever. The startup, formally called One97 Communications Ltd., sent the “offer for sale” to its staff Monday … Read more
Cryptocurrency exchanges are set to approach the Supreme Court to seek direction on whether the Reserve Bank of India (RBI) can direct banks to stop dealing with them, despite an earlier ruling by the apex court quashing RBI’s order to ban cryptocurrencies. This comes after the RBI through an “informal” diktat asked banks to stop … Read more
Vijay Shekhar Sharma, CEO and founder, Paytm on Thursday announced Rs 10 crore investment for mini app developers on Paytm Mini App Store. The platform was launched recently by the fintech giant days after the company, along with other startups accused Google of being unfair for charging 30% commission. “We are announcing a Rs 10 … Read more
According to KPMG India’s estimates, over one-third of first-time users of several digital platforms during the pandemic belong to the 55+ cohort. Synopsis The fear among senior citizens around stepping out to run errands during the pandemic has pushed many to let go of technology-related inhibitions and embrace digital platforms. Prior to the pandemic, the … Read more
New Delhi: Food delivery apps Zomato and Swiggy have received notices from Google for their in-app gamification features that allegedly violate the tech giant’s Play Store guidelines. The development comes just weeks after Paytm was blocked from the Play Store for a few hours for violating Google’s policy on sports betting activities. When contacted, Zomato … Read more
Google on Tuesday said apps that choose to sell digital content through its Play Store have to use Google Play billing system and pay a percentage of the in-app purchase as fee. The tech giant – which was recently embroiled in a controversy after blocking Paytm app for a few hours – said while the … Read more
New Delhi: As a war of words has emerged between Google and Paytm over temporary removal of the latter’s app from the search giant owned Android Play Store, Google has said in a statement that its policies don’t allow online casinos or support any unregulated gambling apps that facilitate sports betting, including daily fantasy sports … Read more