Paytm Payments Bank gets additional ₹60 crore from its parent company
Vijay Sharma is putting in ₹30 crore, while One97 Communications is investing ₹23 crore. The rest of the funds are coming from One97 Communications India.
After Wallet, Payments Bank; Paytm now grows big with gold
Paytm has claimed to have registered a growth rate of 100% month-on-month since launching its digital gold scheme earlier this year.
Vijay Shekhar Sharma to buy home at Lutyens Delhi for ₹82 crores
Vijay Shekhar Sharma, the youngest indian internet billionaire has bought a residential property worth ₹82 crores in golf links area in Delhi.
Paytm Payments bank appoints PV Bhaskar and GS Sundarajan as directors
Paytm Payments Bank has appointed two independent directors on board. The five member team now consists of Vijay Shekhar, Renu Satti, Ash Lilani, PV Bhaskar and GS Sundarajan.
Paytm raises ₹9000 Crores from Softbank at over $8 billion valuation
SoftBank has invested ₹9000 Crores ($1.4 Billion) in Paytm at a valuation over $8 Billion. The Japanese firm now owns around 20% of Paytm.
Paytm payments bank operations to start on May 23
Paytm has confirmed that all required formalities have been completed and the company will officially launch its payments bank on May 23rd.
Paytm’s eCommerce arm raises ₹1350 Crores from Alibaba, SAIF Partners
In a fresh funding round, Paytm has raised ₹1350 Crores ($200 Million) from Alibaba and SAIF Partners for its eCommerce arm.
Paytm Payments Bank to start operations in February
After the final approval by RBI, Paytm is now expected to launch its payments bank by February 2017, Vijay Shekhar Sharma announced in a blogpost.
Paytm gets Goldman Sachs APAC chairman Mark Schwartz on Board
Paytm has appointed Mark Schwartz as a board member to use his experience and insights to get over half a billion people on the platform.