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...
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.
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...
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...
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 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 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...
Could India be planning to launch its own app store?
India is open to launching its own mobile app shop or enlarging an existing one if it receives sufficient demand from domestic firms for an alternative to Apple and Google platform...
Paytm executive says India’s secondary listing plan would be undue burden
India’s potential plan to induce businesses to perform a secondary record on an Indian stock exchange should they opt to list on an overseas bourse would unfairly penalise In...
Amazon’s new offerings make India the centre of FinTech push
Amazon.com has added insurance and even gold into its menu of financial services in India, to grow its customer base and attract more subscribers to its Amazon Prime loyalty progra...
Buy now, pay later platform Sezzle tests the waters in India
Rising FinTech Sezzle is testing its service offering in India for an expected launch at the end of the year, Charlie Youakim its CEO said, as competition intensifies in the indust...
India watchdog reviewing antitrust allegations against WhatsApp
India’s antitrust watchdog is looking into allegations that Facebook’s WhatsApp is abusing its dominant position by offering payment services to its vast base of messag...