Digital payments company Paytm on Monday announced that it's wholly-owned subsidiary Paytm Money has opened stockbroking access for everyone in the country. The company is targeting a million investors with focus on first-time users from small cities and towns.

The company in a statement said, "the efforts are aligned to drive higher penetration in investing with an easy to use the product, low pricing (zero brokerage on delivery orders, Rs.10 for intraday) and digital KYC with paperless account opening.

After being removed from the Google Play Store on Friday evening over 'policy violation', leading digital payments platform Paytm was back on the Google platform. It also said that it has temporarily removed the cashback component from the cricket league on its platform in an effort to meet the Google Play Store policy requirements.

The clarification came after Google pulled down the Paytm app from its Play Store for allegedly violating its gambling policies.

Digital financial services firm Paytm on Friday said its revenue for fiscal year ended March 31, increased to Rs 3,629 crore supported by increase in number of transactions across various segments and point of sale devices.

The home-grown financial technology firm said its losses have narrowed by 40 per cent on a year-on-year basis.

Leading digital payment service Paytm on Monday launched an Android-based, pocked-sized point of sale (POS) device that is enabled with integrated billing software, camera for QR scanning and supports 4G SIM cards Wi-Fi and Bluetooth connectivity.

Available for an introductory monthly rental of Rs 499, the 'Paytm All-in-One Portable Android Smart POS' can accept orders and payments on the go.

Paytm Mall said on Sunday that it will partner with over 10,000 kirana or local stores, small shops, and businesses for hyperlocal deliveries, joining a growing race amongst e-commerce firms to remain relevant amid the ongoing coronavirus (Covid-19) pandemic.

Its larger rivals- Amazon and Walmart-owned Flipkart - have also announced similar plans. Reliance JioMart's partnership with WhatsApp is also a step in the same direction.

Paytm Payments Bank (PPBL) said it has crossed Rs 1,000 crore in deposits through over 57 million savings account holders.

PPBL has been witnessing an accelerated rise in the deposits, as more people are embracing digital banking during Covid-19.

Paytm is looking at a comprehensive set of offers for its merchant base in order to drive its next phase of growth, according to two top executives.

From Internet-of-Things (IoT)-enabled hardware solutions to its Paytm for Business app, the e-commerce and payments firm is engaging more and more with its merchant base.

A Thane resident lost a little over Rs 1 lakh in an online fraud involving popular payment gateways, police said on Saturday. The complainant, a resident of Patlipada, wanted to sell his furniture and posted an ad on Facebook on December 21, an official said.

On December 24, he received a call from one Rajendra Sharma who offered to buy the furniture and wanted to transfer the amount through payment gateways — Paytm and Google Pay, he said.

Paytm is close to scoring $2 billion of new financing from investors including Jack Ma’s Ant Financial and SoftBank Group Corp., a person familiar with the matter said, describing a mega-deal that will raise the temperature in India’s increasingly heated financial payments arena. Rob Citrone’s Discovery Capital Management is also in discussions to join a funding round that values the country’s top online financial services firm at $16 billion, the person said, asking not to be identified talking about a private deal.

Paytm Payments Bank has announced a new fixed deposit scheme for its customers. India's largest payments bank is offering an interest of up to 7.5% on their fixed deposits (FDs) through Paytm Payments Bank's partner bank IndusInd Bank Ltd. The new fixed deposit scheme will be launched in early November.

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