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FINTECH GIANT PAYTM
PhonePe, Google Pay duopoly weakens as market share slips below 80%IPO-bound PhonePe saw its market share slip marginally to 46.3% in May, from 46.5% in the same month last year, while Google Pay’s share fe...- Zepto's market position; TCS' AI verdict at AGMZepto pulls ahead of Swiggy Instamart on orders, but heavy burn continues. This and more in today's ETtech Top 5.
- SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...
- Broader markets crash! Physicswallah, Coforge, other small & midcap stocks tumble up to 6%. Do you own?Indian smallcap and midcap stocks plummeted on Wednesday due to persistent FII selling, a weakening rupee, and global factors. IT stocks, w...
- ONDC raises Rs 220 crore from Zoho, Uber, Paytm, BSE; eyes additional capitalWhile Zoho Corporation has invested Rs 70 crore as a part of this round, Uber and Paytm have invested Rs 60 crore each. BSE Technologies ha...
- Goldman Sachs picks 12 alpha stocks amid record $22 billion FII exodusGoldman Sachs has identified 12 Indian stocks as medium-term alpha bets despite warning that the record $22 billion FII selloff in 2026 may...
- Mutual funds buy new-age dip; Infy CEO interviewHappy Thursday! Mutual fund inflows into listed new-age companies rose due to valuation adjustments and FPI selloff. This and more in today...
- RBI scraps Paytm Bank licence; Pronto's back-to-back fundingRBI has cancelled Paytm Payments Bank licence over compliance lapses. This and more in today's ETtech Top 5.
- Ex-Paytm exec Varun Sridhar joins Aspora as CEOVarun Sridhar, formerly of Paytm Services, has joined Aspora, a fintech platform for the Indian diaspora, as CEO of its wealth and lending ...
- Ant Financial to sell shares worth Rs 2,200 crore in Paytm parentShares are likely to be offered at a floor price of Rs 809.7 apiece — a 6.4% discount to Paytm’s closing price of Rs 866 on Monday. Paytm s...
- Paytm in talks to migrate payments, settlements from Paytm Payments BankPaytm is in talks with three banks - HDFC Bank, Axis Bank and Yes Bank - that can take on the payments and settlements load from Paytm Paym...
- RBI froze Paytm Payments Bank after years of warnings about data flowsA technical audit by the Reserve Bank of India found money and data traffic flows between the tightly regulated Paytm Payments Bank Ltd. an...
- SoftBank sells another 2% stake in Paytm via open marketSoftBank reduces stake in Paytm to 5% by selling shares in open market transactions. SVF India Holdings disposed of 12,706,807 equity share...
- Paytm planning deeper push for ONDC, targets 10 million merchants: CEO Vijay Shekhar SharmaONDC's chief business officer Shireesh Joshi told ET that the network was recording over 1 lakh transactions regularly per day.
- 2 mutual funds exit Paytm stock in March despite rallyIn a recent exchange filing, the company said it has achieved a new milestone in offline payments with the deployment of 6.8 million Paytm ...
- Jack Ma-backed Ant group plans to pare stake in PaytmThe Chinese fintech giant has been discussing options to reduce its stake in One 97 Communications Ltd. after its share percentage increase...
- Adarsh Menon to head Flipkart’s new verticals; stay in your lane, RBI tells fintech firmsMenon, who joined the company in 2015, will head its new businesses, such as Shopsy and Cleartrip, once Prakash Sikaria leaves the firm lat...
- SoftBank says India digital demand strong, will keep investingThe Japanese firm that has so far invested a reported $14 billion in India expects the digital market to keep booming on strong retail dema...
- PayTM could turn profitable in 2021: CEO Vijay Shekhar SharmaSpeaking at a panel on how technology can help tackle financial exclusion, Vijay Shekhar Sharma said the crisis had forced more merchants t...
- Paytm talks to banks for co-branded cardsThe move comes at a time when financial institutions have seen an increase in first-time digital users, as adoption of contactless payment ...
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