Search results
Results from the WOW.Com Content Network
In 2017 Paytm became India's first payment app to cross over 10 crore app downloads. [30] The same year, it launched Paytm Gold, [31] a product that allowed users to buy as little as ₹1 of pure gold online. It also launched Paytm Payments Bank [32] [33] and ‘Inbox’, a messaging platform with in-chat payments. [34]
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.
Paytm Payments Bank,7854081926 (PPBL) was an Indian payments bank, founded in 2017 and headquartered in Noida. [3] 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. [4] [5] [6] In 2021, the bank received a scheduled bank status from the RBI. [7] [8]
BENGALURU (Reuters) -A subsidiary of China's Ant Financial will sell a 10.3% stake in India's Paytm, with the company's founder and CEO intending to boost his holding to simplify the ownership ...
One97 Communications Limited is the parent company of Paytm, a digital payments and financial services company that was launched by Sharma in 2010. [16] In November 2021, Paytm went public raising $2.5 billion at a valuation of $19 billion, making it India's largest initial public offering at that time. [17]
In October 2011, One97 Communications received funding of $10 million from Sapphire Ventures. [13] In January 2015, Ant Financial Services Group picked 25% stake in the company. [ 14 ] [ 15 ] [ 16 ] In March 2015, Ratan Tata made a personal investment in One97 Communications's Paytm and joined as an adviser of the company. [ 14 ]
The first Android version of Pure was released in June 2015. [11] [12] The app has generated over 8.5 million downloads on the App Store and over 3 million downloads on Google Play from June 2015. [13]