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Tag: paytm (page 1 of 2)

Google Pay partners with ICICI Bank to issue FASTags; counters Paytm

ICICI Bank has joined hands with Google Pay for issuance of FASTag. The collaboration enables Google Pay users to order, track and even recharge ICICI Bank FASTag digitally on the payments platform itself. FASTag is a brand name owned by Indian Highways Management Company, which carries out electronic tolling and other ancillary projects of National Highway Authorities of India.

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China’s Ant considers Paytm stake sale: Reports

China’s Ant Group is considering selling its 30% stake, worth around $ 4.8bn, in Paytm amid tensions between the two Asian neighbours, said news agency Reuters. Financial details of the possible transaction were not known and the Alibaba-backed firm is yet to launch a formal sale process. Paytm was valued at about $16 bn during its latest fundraising a year ago. Both Ant and Paytm said that the information was incorrect.

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Paytm announces 0% fee on wallet payments for merchants

Paytm announced that merchants can now receive unlimited payments through Paytm Wallet at 0% fee, along with UPI and Rupay Cards. The move will benefit over 17 mn merchants, claimed Paytm. It will also help merchants to save more with every transaction and transact without any limits. Paytm earlier had announced plans to provide collateral-free loans of up to ₹500,000 at a low-interest rate and unique daily EMI to micro-merchants.

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PhonePe zips past Google Pay in India in UPI

PhonePe, with 835 mn UPI transitions in Oct , has become the market leader in the digital payments. Google Pay hit 820 mn transitions, Paytm recorded about 245 mn, and Amazon Pay ended-up with 125 mn. This was the first time when Google pay didn’t drive the volume in UPI. PhonePe, in a statement, confirmed its leadership position with over 40% of the market share. It has been benefited from Flipkart’s festival sale and fantasy sports app Dream 11.

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Amazon invests Rs 700 cr in its digital payment business in India

Amazon has pumped Rs 700 Cr into its Indian digital payments business Amazon Pay, ahead of the festive season, indicating its plan to scale up and compete with rivals Google Pay, PhonePe and Paytm. The bulk of its latest infusion comes via Amazon Corporate Holdings, the Singapore-based parent entity for all of the its e-comm units in India. This also marks Amazon’s second investment into Amazon Pay this year, after the firm pumped in Rs 1355 Cr in January.

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Paytm sets aside Rs 10 Cr investment fund for mini-app developers

Paytm founder Vijay Shekhar Sharma announced Rs 10 Cr investment fund for app developers, sharing his ambitious goal to reach at least one million mini-apps. He aims to stop “victimization of 30% charges Google is putting” on developers. Sharma made this announcement at a virtual conference that was joined by a group of startup founders, calling for the disbanding of Google-Apple duopoly on the Indian app store.

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Paytm offers design and general internship opportunities for 8-16 weeks

Paytm is inviting applications for general and design internships for 8-16 weeks at Noida or Bangalore. The company is “always looking for innovative intern” who can understand problems and develop efficient answers for them. The interns will work with Paytm core design team on various products and services. This includes wallet, payments bank, movies & entertainment, travel, insurance, shopping, chat etc. They’ll also learn to work with new technologies.

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Paytm First Games to fund homegrown game developers

Paytm First Games, a subsidiary of Paytm, to create a launchpad for indigenous game developers and design studios in a bid to capture a larger share in homegrown game publishing space. The company has also set aside Rs 10 cr to fund this initiative. PFG will organise a series of events and hackathons to identify talented developers to curate games having the potential to be successful. It will focus more one games with Indian culture and folk tales.

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Paytm takes on Google with Android Mini App Store

Just weeks after Google had removed Paytm from Google Play store, Paytm has introduced its own ‘Android Mini App Store’ for Indian developers. The mini apps are custom-built web apps giving users app-like experience without having to download them and will be available inside the Paytm app itself. For payments, developers will be able to give a choice of Paytm wallet, Paytm Payments Bank, UPI, net-banking and cards to their users.

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