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Paytm (an acronym for " pay through mobile ") is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida, India. [4] Paytm was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. The company offers mobile payment services to consumers and enables merchants ...
Net income. ₹21.7 crore (US$2.6 million) (FY23) Parent. Bharti Airtel. Website. airtel.in /bank. Airtel Payments Bank is an Indian payments bank with its headquarters in New Delhi. [ 3 ] The company is a subsidiary of Bharti Airtel. [ 4 ] On 5 January 2022, it was granted the scheduled bank status by the Reserve Bank of India under the second ...
Paytm Payments Bank (PPBL) was an Indian payments bank, founded in 2017 and headquartered in Noida. [ 4 ] In the same year, it received the license to run a payments bank from the Reserve Bank of India and was launched in November 2017. [ 5 ][ 6 ][ 7 ] In 2021, the bank received a scheduled bank status from the RBI. [ 8 ][ 9 ] Vijay Shekhar ...
PhonePe is an Indian digital payments and financial services company [ 5 ] headquartered in Bengaluru, Karnataka, India. [ 6 ][ 7 ] PhonePe was founded in December 2015, [ 2 ] by Sameer Nigam, Rahul Chari and Burzin Engineer. [ 8 ] The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016.
Paytm is the latest member of India’s startup royalty to flame out. Edtech firm Byju’s was once India’s most valuable startup, worth $22 billion in late 2022, but the startup is now dealing ...
Paytm Payments Bank and Airtel Payments Bank together command over 88% of the deposits in payment banks in India in 2018. According to the Reserve Bank of India 's report on ‘Trend and progress of Banking in India 2017-2018', the payment banks reported losses in the financial year 2017-2018, after a weak performance in the FY 2016-17.
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Mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device. Instead of paying with cash, cheque, or credit card, a consumer can use a payment app on a mobile device to pay for a wide range ...
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