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
Paytm founder and CEO Vijay Shekhar Sharma has paid a ‘substantial’ advance and signed an MoU to purchase real estate in one of the country’s most expensive residential areas, Golf Links in Lutyens, New Delhi.
All Paytm wallet accounts will be migrated to Paytm Payments Bank, if you do not opt out.
Paytm is the third entity in the country to launch a payments bank after Airtel and India Post.
The company has appointed Renu Satti as the CEO of Paytm Payments Bank. Satti currently is the vice-president of business at Paytm.
SoftBank Group Corp. is in talks to invest about $1.4 billion in India’s One97 Communications Ltd. in a deal that would value Paytm at $7 billion.
The board of Snapdeal is expected to meet today to discuss the potential sale of India’s third largest e-commerce firm to larger rival Flipkart.
Snapdeal reported a loss of 29.6 billion rupees in the financial year to March 31, 2016.
Paytm-Reliance Capital deal gives a valuation of over $4 billion to Paytm, which is already backed by Alibaba group as a strategic investor.
With hundreds of employees being handed out pink slips by companies such as Snapdeal and Stayzilla,
Paytm Mall aims to offer a combination of the Mall and Bazaar concepts to Indian consumers.
The government sent the notices under the Emblems and Names Act of 1950, which bars use of Prime Minister’s name and picture for commercial use.