Paytm Mall is taking offline retail steps, like its backer, Alibaba, as it ties up with Red Tap shoes to open a brick-and-mortar store.
The probe found that Sawan, who was well aware about the refund process, lured customers of various products with attractive discounts ranging from 20 per cent to 50 per cent on various products sold through the Paytm website, the agency has alleged.
Paytm aims to cover over 1 crore merchants in 3-6 months’ time, says its vice president, Amit Veer.
Paytm founder Vijay Shekhar Sharma expressed pleasure on the steps taken by the Unique Identification Authority of India (UIDAI) to enhance security of Aadhaar with introduction of new technologies like virtual IDs and face recognition system.
The process of fund raising would start in January to March quarter of 2018, he said, adding that the company has already seen investor interest coming from various geographies.
Paytm has introduced payments using BHIM UPI on its platform and the feature will also be offered to its merchant partners.
Paytm has launched ‘Inbox’ which is its new chatting feature, where users can text their friends, family from within the app as well as request and send money
Paytm Payments Bank, which was incorporated in August 2016, formally began its operations from May this year.
Paytm Mall has announced the ‘Mera Cashback Sale’ from September 20 to September 23. Apple iPhone 7 Plus, iPhone 7, iPhone 6 all have cashback offer on them.
Lenovo and Intel have partnered with Paytm Mall to sell laptops across online and offline channels. Additionally, Lenovo Brand Store has made a debut on Paytm Mall. Lenovo Ideapad 110 will be available for Rs 23,990 with offers worth the same amount.
Payments banks are niche banks that were allowed by the Reserve Bank of India in a bid to expand access to financial services in Asia’s third-largest economy where millions don’t have a bank account.
Paytm Mall has kicked off Independence Day sale, and it will be live till August 15. The e-commerce site is giving up to 80 per cent off on products plus up to Rs 20,000 cashback. Users can shop for Rs 1,499 to stand a chance to win Apple iPhone 7.
Paytm’s new feature for payments from phonebook: To use this feature, open the Contacts list on your smartphone, select a contact, tap on ‘Send Money’ and enter the desired amount to instantly send money.
Alibaba-backed Paytm is now looking to diversify into messaging services. Having received a large user base following the demonetisation of November 2016, its latest offering will directly compete with WhatsApp, India’s most popular messaging service.
In the sharing economy, the discomfort around splitting bills is much less