One97 Communications-backed Paytm on Sunday announced that PayPay Corporation, its joint venture between SoftBank Corp and Yahoo Japan Corporation, has launched PayPay, a smartphone-based settlement service in Japan.

It is built around the QR-technology from Paytm that has over 300 million customers and over 9.5 million offline merchants. SoftBank is utilising Paytm’s technology and expertise in mobile payments.

New Delhi: Paytm Money, the wealth management unit of One97 Communications Ltd., on Wednesday said it had appointed former executive director of Central Depository Services Ltd. (CSDL India) Cyrus Khambata to its board of directors.

Khambata, considered an industry veteran in capital markets, has previously served as the managing director of CDSL Ventures and CDSL Insurance Depository.

Paytm Mall is offering cashback deals and discounts on the latest range of Sound Systems and Accessories. Under its ongoing Maha Cashback Sale, Paytam Mall is offering up to Rs 5,000 cashback on in-demand Headphones and Speakers from JBL, Sony, Apple, and Samsung. Customers can also avail an additional 10% cashback (up to Rs 2,500) on purchases made via ICICI Bank Credit and Debit Cards.

New Delhi: Paytm Mall, operated by Paytm E-commerce Pvt. Ltd, plans to offer cashbacks worth more than Rs 501 crore in the run-up to the festive season sales this Diwali. The online retailer’s major sale event called the ‘Mera Cash Back Sale’, which coincides with Flipkart’s Big Billion Days and Amazon’s Great Indian Festival, will run from 9-15 October, the company said in a statement.

NEW DELHI: There is good news for those who want to have an iPhone XS or XS Max as Paytm Mall is offering an exchange bonus of Rs 7,000 to prospective buyers in addition to the exchange value of their old phones.

The e-commerce arm of Paytm on Friday announced the availability of the newly-launched iPhone models on its website and mobile app.

BENGALURU: If Apple taught Indian consumers to unlock its new phones with a twitch of their eyes, Paytm is working on introducing facial recognition to enable digital payments.

Noida-based Paytm has begun testing a facial recognition tool that can unlock its payments application on a customer’s smartphone, company executives said. It also plans to extend this feature to allow customers to pay at merchant outlets with the blink of an eye.

Paytm’s investment platform Paytm Money will likely help small town people get on board the mutual fund bandwagon, and further boost inflows for the asset management industry already flourishing due to shifting habits towards financialisation of savings. Paytm Money is looking to garner huge traction from the hinterlands by making it easier to invest, where mutual fund penetration is currently low, say experts.

One97 Communications, which owns fintech major Paytm, had an almost 80 per cent increase in its losses during 2017-18, amounting to Rs 16 billion.

This was on the back of massive expansion plans for its payments bank, online marketplace Paytm Mall and a new mutual fund (MF) business, Paytm Money, according to the company’s annual report.

Heaping praises on HDFC Bank CEO, Paytm’s Vijay Shekhar Sharma said that he hoped to acquire just 10% of Aditya Puri’s cast banking knowledge. “I think HDFC is the defining bank of this country. No other bank has lead the space for so many decades. Mr Puri is the most jovial banker I know, talking to him is like learning life lessons beyond financial lessons. I wish I learn just 10% of banking from him, as much he knows,” Vijay Shekhar Sharma told in an interview to ET Now.

Paytm Mall, the e-commerce venture backed by China’s Alibaba Group, is looking to deepen ties with regional retailers as well as partner with top online grocer BigBasket to compete with Walmart-controlled Flipkart and Amazon’s local unit, a company executive said. Patym Mall, owned by Paytm E-Commerce, is currently the third biggest player in India’s rapidly-growing online retail space.

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