Page 37 - Paytm

Paytm, Nykaa among tech stocks under watch as lock-in period ends

Lock-ups end in November for four consumer-focused tech stocks, which have all slumped in the past month

Centre to not intervene in deciding deadline for payment platforms' 30% cap

PhonePe and Google Pay approached the National Payments Corporation of India (NPCI) asking for an extension to the December 2022 deadline for at least three years

Amid heavy sell-off, FPIs dump 30 mn Paytm shares in less than a year

The retail shareholding has increased to 6.37% at the end of September, as compared to 2.79% at the time of listing

PhonePe in talks to raise $700 million at $12 billion valuation

Digital payments firm seeking investors' support to scale up operations and compete with rivals

Paytm loan disbursals up 482% YoY in Q2, firm sees 'continued growth'

Festive season preparation drives business for digital payments company

Paytm Mall becomes first to go live on ONDC in Bengaluru beta test

People can place orders in grocery and restaurant segments for now

Paytm is one of the most compelling growth stories: Goldman Sachs

The global research and broking house suggests investors buy the stock at the current levels and maintains a 12-month target price of Rs 1,100 on the counter

Paytm tokenises over 52 mn cards, says on track to meet RBI's deadline

The company has tokenized 52.3 million cards across VISA, Mastercard and RuPay in its effort to make card transactions safer and drive convenience for consumers.

Chinese loan apps: ED freezes Rs 46 cr kept in payment gateway accounts

The ED Friday said it has frozen Rs 46.67 crore funds of merchant entities kept in online payment gateway accounts of Easebuzz, Razorpay, Cashfree and Paytm following raids this week against a "Chinese-controlled" investment token app. The funds have been frozen under the anti-money laundering law. The latest action comes after the Enforcement Directorate (ED), earlier this month, raided the Bengaluru premises of Razorpay, Paytm and Cashfree over alleged irregularities in the operations of instant app-based loan-giving companies "controlled" by Chinese persons. Later, a seizure order for Rs 17 crore kept in their accounts was issued. The latest searches were launched on September 14 at multiple premises of the accused in Delhi, Mumbai, Ghaziabad, Lucknow and Gaya in a money laundering case being probed against an app-based token called HPZ and related entities. Sixteen premises of banks and payment gateways in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and .

Paytm partners PhonePe's parent firm Flipkart for Big Billion Days sale

Digital financial services firm One97 Communications, which owns the Paytm brand, on Thursday announced a collaboration with e-commerce firm Flipkart for its annual festive season sale 'The Big Billion Days' as payments partner. Flipkart, which owns majority stake in Paytm's competitor PhonePe, will host its annual festive season sale between September 23 - 30, 2022. "With this partnership, Paytm is offering exciting cashbacks on payments made through Paytm UPI and Paytm Wallet," Paytm said in a statement. Paytm will offer assured cashback of 10 per cent on all transactions, the Noida-based firm said. "Our association with Flipkart as a payments partner for The Big Billion Days will provide a secure payments experience to millions of shoppers in small cities and towns of India," a Paytm spokesperson said.

Fresh raids by ED at Paytm, PayU, and other payment gateway offices: Report

Sources said that raids were going on in Mumbai, Delhi, Gurugram, Lucknow and Kolkata

Open Network for Digital Commerce: What does it mean and how will it work?

ONDC, which is being developed to tackle the duopoly of Amazon and Flipkart in the Indian e-commerce market, will use open specifications and network protocols independent of any one platform

Next multibagger to come from digital businesses: Elixir Equities' Director

Indian digital businesses are witnessing rapid growth, aided by stronger adoption of online services in diverse segments, especially in the fintech landscape

Tech companies likely to lead primary market revival in India: HSBC

Thus far in calendar year 2022, Indian companies have raised over 40,000 crore from the primary markets via the IPO route, data from PRIME Database showed.

Paytm shares drop over 6% after ED raid; Blue Jet Healthcare files for IPO

Its stock dropped to an intraday low of Rs 681.2 before closing at Rs 708.6, down 2.6 per cent over its previous day's close

Stocks to Watch Today: Paytm, Reliance, NDTV, ICICI Bank, Yes Bank

Stocks to Watch Today: Tamilnad Mercantile Bank's IPO will open for subscription in the price band of Rs 520 - 525 on Monday.

Paytm says no link with Chinese loan merchants under ED scanner

Digital financial services firm One97 Communications, which operates under the Paytm brand, on Sunday denied any link with the merchants that are under the Enforcement Directorate scanner in the Chinese loan app case. Paytm said that none of the funds frozen by the Enforcement Directorate (ED) belongs to it or any of its group firms. "As a part of ongoing investigations on a specific set of merchants, the ED has sought information regarding such merchants to whom we provide payment processing solutions. We wish to clarify that these merchants are independent entities, and none of them are our group entities," Paytm said in a regulatory filing. The ED on Saturday said it has conducted raids at six premises of online payment gateways, such as Razorpay, Paytm and Cashfree in Bengaluru, over the alleged irregularities in instant app-based loans "controlled" by Chinese persons. The searches that started on Friday as part of an ongoing probe are still underway, the agency said. The fede

Chinese loan apps case: ED raids Razorpay, Paytm, Cashfree in Bengaluru

The Enforcement Directorate Saturday said it is conducting raids at Bengaluru premises of online payment gateways like Razorpay, Paytm and Cashfree as part of an ongoing probe against "illegal" instant smartphone-based loans "controlled" by Chinese persons. The searches were launched Friday at six premises in Karnataka's capital city, it said in a statement. The search operation is in progress, the Enforcement Directorate said. The federal probe agency said it has seized Rs 17 crore worth funds kept in "merchant IDs and bank accounts of these Chinese persons-controlled entities", during the raids. The modus operandi of these entities is that they use forged documents of Indians and make them dummy directors leading to generation of "proceeds of crime", it alleged. "These entities are controlled/operated by Chinese persons," it said. "It has come to notice that the said entities were doing their suspected/illegal business through various merchant IDs/accounts held with payment ...

Top headlines: Indian economic growth by 2029, ED raids Paytm, and more

From India becoming third largest economy by 2029 to CBDT issuing refunds of over Rs 1.14 trn, here are the top headlines this evening

Stop charging platform fee on BBPS payments: NPCI directs payment apps

NPCI's directive comes days after a discussion paper was released by the Reserve Bank of India (RBI) related to such charges