One97 Communications

Paytm’s Troubles Drive Indian Customers to Walmart and Google
Paytm’s Troubles Drive Indian Customers to Walmart and Google
March 06, 2024  |  Digital Payments

Paytm’s regulatory troubles appear to have pushed Indian consumers to Walmart and Google-owned payments operations. Data released Wednesday (March 5) by the National Payments Council of India (NPCI) showed that the...

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RBI Aims to Help Establish New Banking Relationships for Paytm
RBI Aims to Help Establish New Banking Relationships for Paytm
February 23, 2024  |  International

The Reserve Bank of India (RBI) asked the National Payments Corporation of India (NPCI) to consider One97 Communications’ request to become a Third-Party Application Provider...

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Report: Paytm Denies Claims of Foreign Exchange Rule Violations
Report: Paytm Denies Claims of Foreign Exchange Rule Violations
February 05, 2024  |  Regulation

Paytm, one of India’s leading digital payments firms, is reportedly under investigation by India’s financial crime-fighting agency for potential violations of foreign exchange rules. The...

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Alibaba Sells Half Its Stake in India’s Paytm
Alibaba Sells Half Its Stake in India’s Paytm
January 12, 2023  |  Mobile Payments

China’s Alibaba Group has reportedly sold half its take in Indian payments firm Paytm. The company sold its 3.1% stake in Paytm for $125 million...

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SoftBank Exec Leaves Paytm Board Amid Audit
SoftBank Exec Leaves Paytm Board Amid Audit
March 15, 2022  |  Personnel

A managing partner of SoftBank’s Vision Fund has stepped down from the board at One97 Communications Ltd., which owns Indian payments company Paytm. As Bloomberg...

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Paytm’s October Metrics Might Give Legs to Bounce Back From Busted IPO 
Paytm’s October Metrics Might Give Legs to Bounce Back From Busted IPO 
November 24, 2021  |  IPO

Paytm’s journey back from busted initial public offering (IPO) status may be more a marathon than sprint. But, as they say, sometimes slow and steady...

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Paytm Backs Bus Ticketing Firm Infinity With Estimated $1.4M
Paytm Backs Bus Ticketing Firm Infinity With Estimated $1.4M
December 03, 2019  |  Investments

Paytm parent company One97 Communications has made a strategic investment in the travel software provider Infinity Transoft Solutions, Times of India reported Tuesday (Dec. 3)....

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‘Google Checking,’ T-Mobile Data Breach Top This Week’s News
‘Google Checking,’ T-Mobile Data Breach Top This Week’s News
November 29, 2019  |  News

It’s the end of a holiday week and almost the beginning of a new month. And the PYMNTS Weekender is here to make sure you...

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SoftBank, Ant Financial Back India’s Paytm With $1B Funding
SoftBank, Ant Financial Back India’s Paytm With $1B Funding
November 25, 2019  |  Payment Methods

India’s mobile payments startup Paytm said on Monday (Nov. 25) that it secured $1 billion in new funds from Japan’s SoftBank and China’s Alibaba affiliate...

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