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...

  Google Play will from July 1 slash its 30 per cent billing fee to 15 per cent for developers globally. Indian industry snubbed  Google  Play’s decision to cut by half its commission for developers when they make $1 million in annual revenue for in-app purchases, saying the US tech giant may continue its “abrasive & monopolistic abuse” as it owns the Android system. Google Play said Tuesday that beginning July 1 it would slash its 30 per cent billing fee to 15 per cent for developers globally when they make the first $1 million of their annual revenue. “When we are forced to use a payment system that charges 15 % to 30% per payment, it can’t be acceptable by anyone! The digital India dream must not be ransom to such monopolies,” said Paytm founder and CEO Vijay Shekhar Sharma on Twitter. Apple slashed the App Store developer fee by half to 15 percent from January 1, 2021, under its App Store Small Business Program. “This is similar to what Apple had done recently. Wh...