Budget 2018-19

  Digital payments, financial services firm Paytm is expecting to increase revenue and monetisation methods on its platform in the next few quarters. Digital payments and financial services firm Paytm is expecting to increase revenue and monetisation methods on its platform in the next few quarters, according to a top company official. Paytm Chairman and CEO Vijay Shekhar Sharma during an earnings call with analysts in the US said the company is seeing scale in system deployment and non-UPI revenue, where merchant gives revenue charges, MDR (merchants discount rate) for payments and credit led financial service, and provides the company with the next level of monetisation. “We believe, we in the next few quarters will be able to not just expand revenue but increase more number of monetisation methods and subsequently increase contribution margins in due course. Our team, myself and everyone is super energised seeing the opportunity in front of us and we are committed to executing a...

  BlackRock Inc. and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more Paytm shares on Tuesday and Wednesday Several of the biggest investors in  Paytm’s  record-breaking initial public offering added to their stakes in the Indian fintech giant after shares plunged by as much as 41%, according to people familiar with the matter. BlackRock Inc. and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more Paytm shares on Tuesday and Wednesday, the people said, asking not to be identified discussing private information. The stock climbed for a third day on Thursday, rallying as much as 7% to 1,875 rupees in early Mumbai trading. That’s still a fair distance away from its issue price of 2,150 rupees. The size of this week’s purchases by anchor investors couldn’t immediately be learned. Representatives for  BlackRock  and CPPIB declined to comment….

  UPI, India’s flagship payments platform, recorded 2.29 billion transactions worth Rs 4.25 trillion in February. PhonePe  processed the most transactions in the last three months to continue as India’s top Unified Payments Interface (UPI) app and WhatsApp, the messaging platform used by millions in India, failed to live up to expectations that it will grow rapidly, data showed. In February, WhatsApp processed 0.55 million transactions amounting to Rs 32.41 crore. Transactions have gone down since December when it processed 0.81 million transactions amounting to Rs 29.72 crore. Since its limited launch in November last year, WhatsApp, which is owned by Facebook, has processed 2.23 million transactions of 9.04 billion transactions on the UPI platform. Reports had suggested that it is a conscious effort on the part of WhatsApp to go slow because they want to enhance customer experience before going for scale. PhonePe, which is backed by Walmart, processed 975.53 million transact...

  The company said it aims to disburse targeted loans by March Digital financial services firm Paytm on Monday said it aims to disburse loans worth Rs 1,000 crore to merchants by March. The company said it will continue to offer collateral-free loans under the ‘Merchant Lending Program’ to Paytm for Business app users. “We will be enabling loans of Rs 1,000 crore to businesses based on the data we have on our 17 million merchants. These loans would help them digitise their business and diversify their operations, to improve their efficiency and support them to join the Digital India mission,” Paytm said in a statement. The company said it aims to disburse targeted loans by March.  Paytm  works out the credit worthiness of each merchant based on daily transaction patterns and then offers them a collateral-free loan in partnership with non-banking finance companies and banks. “The company has today reaffirmed its commitment towards the growth of MSMEs by expanding collatera...

  Paytm is providing listing and distribution of these mini apps from within its app, without any charge Paytm has taken the challenge to Google’s Play Store by launching its Android Mini App Store, through which it seeks to help developers take their applications to the masses. This is the start-up’s latest move to break Google’s monopoly over distribution of Android applications. Paytm is providing listing and distribution of these mini apps from within its app, without any charge. Developers will be able to give a choice of Paytm Wallet, Paytm Payments Bank, UPI, net banking, and card payments to users. Mini apps are custom-built mobile websites that give users an app-like experience without requiring an actual download — which will benefit millions of users by helping them save their data and memory. This comes weeks after Google pulled down the Paytm app from its Play Store temporarily, citing violation of its gambling policies. Food delivery firms Zomato and Swiggy have also ...