As seen through these partnerships, the company emphasises on capitalising on first-mover advantage, venturing into the professional services industry could be a potential start. Also Read: Swiggy Launches Live Events Vertical ‘Scenes’, Takes on Zomato’s ‘District’ Earnings Call: Swiggy Bets on...
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801 fully paid-up equity shares to eligible employees. Recently, the company’s Singapore-based subsidiary sold all its stock acquisition rights in Japan’s PayPay to Softbank Vision Fund 2 for $279.2 million. The sale is expected to increase Paytm’s consolidated cash balance as it looks to...
Better join other startups. The culture is runied by the managers.Too much micro management and undirected vision has resulted into the raise in attrition.Good employees are leaving the firm. On the other hand the core technology stack is borrowed whereas Paytm as a technology only own and ...
We have added Startup Leaders to our Leadership ahead of the festive season We have hired several startup leaders for out senior management roles ahead of the upcoming festive season. This includes Srinivas Mothey… Paytm Mall Oct 2, 2018 We have received over 1 Million Orders in a Day durin...
The regulatory crackdown is leaving a big crevice on Paytm's financial stand as its losses continue to pile up. Can it still recover?
Initially, the Noida-headquartered company filed for a USD 2.2 billion IPO in July but later increased its offering size, aiming for a valuation of up to USD 20 billion. Paytm’s backers, including SoftBank, Ant Financial, Alibaba, and Elevation Capital, as well as founder Vijay Shekhar Shar...
But AI is a double-edged sword when it comes to cybersecurity:While AI can be used to detect cyber frauds, it can also be used to carry out these frauds. As outlined by the Parliament Standing Committee on Finance in itsreporton cybercrimes and cyber frauds, generative AI models can pote...
Asnotedby research firm CLSA, Paytm would also have to find new partner banks to provide UPI services as well as its payment aggregator business. RBI’s move hassent shockwavesthroughout India’s startup scene. Ashneer Grover, co-founder of fintech unicorn BharatPe, wrote on his X account...
Not a full-fledged bank, but a “Payments Bank” – mini-banks that cannot give loans or issue credit cards, but can take deposits. In 2015, the government of India issued an approval to various conglomerates,telcos, as well as startups like Paytm to set “banks” up, aimed at grantin...