Paytm

Platform News: SoftBank Group CEO

Storm clouds gather at SoftBank Group as valuations slide

Storm clouds hang over SoftBank Group Corp as it prepares to report third-quarter earnings, with the valuations of top portfolio companies slipping and heavyweights departing the J...

Platform News: Facebook and WhatsApp messaging service

WhatsApp wins approval to double payments offering to 40 million users in India

WhatsApp has won regulatory approval to double the number of users on its payments service in India to 40 million, a source with direct knowledge has told journalists.

Indian FinTech Paytm

Skies darken for Indian IPOs after Paytm’s disappointing debut

Paytm’s dismal stock market debut this week is likely to put a damper on future offerings after the IPO of the digital payments firm ranked among the worst-performing in Indi...

Paytm

Paytm’s $2.5 billion IPO mints new millionaires in India

Indian electronics engineer Siddharth Pandey will become a millionaire after the country’s biggest ever public issue, but he says he had to overcome his father’s opposi...

Indian FinTech Paytm

Paytm eyes an IPO by end of October, hopes to break even in 18 months

Indian digital payments firm Paytm expects to launch its IPO at around the end of October, pending regulatory approvals, a source familiar with the matter have said.

Flipkart

Walmart’s Flipkart raises fresh funds for $38 billion valuation as IPO looms

Walmart Inc-owned Flipkart on Monday ushered back SoftBank Group Corp as an investor in a $3.6 billion funding round, doubling the Indian online retailer’s valuation to $37.6...

Platform News: Japan's PayPay

SoftBank’s PayPay surges ahead in Japan’s digital payments race

For six decades, shoppers at Mikawaya, a rice dealer in eastern Tokyo, paid in cash – until sales staff from payments app PayPay swept through the low-lying district, persuad...

Paytm

Report: India’s Paytm targets $3 billion IPO

Indian FinTech player Paytm is aiming to raise about 218 billion rupees (approximately $3 billion) in an initial public offering late this year, Bloomberg News has reported, citing...

Paytm

PayTM says could turn profitable in 2021

Indian FinTech PayTM can turn profitable soon, as the ongoing COVID-19 crisis has fuelled a spike in the use of its payment platforms, the company’s CEO and founder told atte...

Platform News: Instagram app on a smartphone

Facebook to test relaunched Instagram Lite in India

Facebook has said it is testing a new, less data-intensive version of its picture and video-sharing app Instagram in India, a key growth market for the US social networking giant.

Platform News: Flipkart

Flipkart’s PhonePe to raise $700 million from existing investors

PhonePe, the digital payments business unit of Flipkart has said it would sell a stake to existing investors for $700 million, helping it fuel expansion at a crowded market that in...

Paytm

Ant considers Paytm stake sale amid tensions with India

Chinese FinTech giant Ant Group is considering selling its 30% stake in Indian electronic payment chip Paytm amid tensions between the two Asian neighbours and a toughening competi...

Platform News: Amazon packages

Has Amazon refused to appear before Indian parliamentary panel on data privacy?

Representatives of Amazon.com in India have refused to appear before a panel reviewing the nation’s privacy invoice , an Indian lawmaker has suggested, an allegation the US e...

Paytm

Paytm targets a million apps on its mini app store to take on Google

Alibaba-backed Indian FinTech firm Paytm is aiming to get a million apps onto its own “mini app store” by the first quarter of 2021, it said on Thursday, seeking to cha...

Paytm

Paytm and other Indian start-ups vow to fight ‘big daddy’ Google

Dozens of India’s leading tech start-ups, chafing at Google’s local dominance of key apps, are banding together to consider strategies to challenge the US tech giant, s...

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