Berkshire Hathaway sells stake in India’s Paytm for $165m
The exit sets Berkshire Hathaway up for a loss of around 40% on its investment.
Paytm
Vijay Shekhar Sharma buys 10% stake in Paytm worth $628m from Antfin
Sharma’s shareholdings in Paytm will increase to 19.42%, while Antfin’s shareholdings are reduced to 13.5%.
Indian telecom firm Airtel’s merger talks with Paytm reportedly fall through
Sources tell CNBC-TV18 that Paytm didn’t want to give up management control.
Jack Ma’s Alibaba and Ant Financial leave Paytm Mall
The Indian firm’s valuation fell from $3 billion in 2020 to $13 million now – a drop of almost 99%.
Video: fintech news pick of the week – Paytm, M1 Finance and US open banking reform
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Indian payments firm Paytm files for IPO with $2.2bn target
The firm plans to use the funds to strengthen its payment network and explore new acquisitions.
Paytm to buy insurance firm Raheja QBE for $76m
Raheja QBE has around 41,000 customers.
Paytm raises $1bn in fresh round of funding
Indian payments giant aims to battle the bigtechs
Top fintech stories this week – 7 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Warren Buffett’s Berkshire Hathaway invests $300m in Paytm
Berkshire joins Ant Financial, SoftBank and Alibaba as investors.
Paytm launches AI cloud for India
Designed for developers, start-ups and enterprises.
Paytm acquires savings start-up Balance Technology
Where will it find space for the six-member team?
SoftBank, Yahoo Japan and Paytm make mobile payments mammoth
Smartphone payment service called PayPay. Genius!
Top fintech stories this week – 6 April 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
SoftBank and Alibaba to invest $445m in Paytm E-Commerce
Values the Indian firm at about $1.9 billion.
Paytm and Amazon in payments projects in India
Paytm, e-payment/e-commerce brand and payments bank, is bringing the QR code scanning habit to the Indian masses, while Amazon Pay has launched a digital wallet.
Top fintech stories this week – 4 August 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Paytm to add messaging capabilities to rival WhatsApp
India’s most popular electronic wallet and payments bank Paytm is gearing up to add messaging capabilities to its mobile app. Experts believe this is in response to WhatsApp’s plans to add a payments piece to its platform. With mobile payments growing rapidly in India post demonetisation, Paytm is expected to quickly double its user base […]
Fintech funding round-up: 25 July 2017
Whether you call it dinero or dough, the fintech funding does flow! This latest round-up features Revolut, Constellation Digital Partners, Paytm, Mobiquest Mobile Technologies and Wesleyan Bank. Following on from the $66 million raised in a Series B round, UK-based payments start-up Revolut is looking for an additional £4 million in exchange for shares in […]
Paytm to launch payments bank next week
India’s Paytm has at last got final approval from the Reserve Bank of India (RBI) and is set to unveil its Paytm Payments Bank on 23 May. The bank was set to launch in August 2016, and teamed with IT services integrator Wipro for its plan. No reasons were given for the delay. As reported […]
The Monday mindset: 8 May 2017
Fintech zeitgeist! Every Monday, we might look back at last week; look ahead to this week; share a few thoughts (our own or others); or discuss anything that catches our eye. This week, Soumik Roy asks – will Paytm become India’s WeChat? Ever since demonetisation, electronic payments in India have been all the rage. In […]
Alibaba targets Amazon with $177m stake in Paytm e-commerce
India-based Paytm’s e-commerce unit has raised $200 million in a funding round led by Chinese titan Alibaba, with the latter potentially muscling in on Amazon’s arena of action. Alibaba’s Singapore unit will invest $177 million into Paytm E-Commerce, with $23 million coming from Indian venture and growth capital fund SAIF Partners. With the deal Alibaba […]
Mainstream fintech in India: a bird’s eye view
Soumik Roy, Banking Technology’s editorial contributor based in India, explores India’s digital banking landscape, examines innovative players like DBS digibank, and ponders what’s next for the nation’s fast-paced fintech sector. Electronic banking and payments are rapidly picking up pace in India; citizens love the convenience, the government hopes it will drive transparency and reduce the […]
Paytm partners with Wipro for new payments bank
India-based Paytm has teamed with IT services integrator Wipro for its new payments bank, as it gets ready for an August launch. Wipro will be implementing the new core banking system, and Banking Technology understands that Infosys, Oracle FSS and TCS Financial Solutions were in the running to provide their core banking solutions to Paytm. […]
