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Paytm Ecommerce Pvt., the latest entrant into India’s online retailing market, is taking a hard line with suspect merchants to avoid backer Alibaba Group Holding Ltd.’s reputation as a haven for fakes.
July 19
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India is considering tracking digital currencies like bitcoin through the central bank and capital markets regulator along with intelligence agencies to monitor money laundering and terrorist financing, people with the knowledge of the matter said.
July 14
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Payments technology provider Cardtek and partner Axis Bank have launched a national open-loop payment system featuring a contactless card for public transportation and other purchases in India.
July 13
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Google's Android Pay is moving closer to its launch in India, pending approval by the Reserve Bank of India (RBI), as more U.S.-based companies including Uber and Amazon work to add technology supporting India’s central bank-approved unified payments interface (UPI) to their portals.
July 11
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India’s largest digital-payments company, Paytm, is seeking a license to set up a money market fund where users can store cash and earn interest, in competition with the country’s banks, according to a person familiar with the matter.
June 20 -
Hike Messenger has become the latest to join India’s already busy digital-payments segment.
June 20 -
One MobiKwik Systems Pvt., one of India’s largest digital-payment providers, is pushing back its target for profitability by a year as it invests more in its business to capitalize on the government’s shock ban on high-value rupee notes.
June 5
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Ria Money Transfer is significantly expanding its presence in India through partnerships with three leading cash remittance payout agents with broad reach within India, the world’s largest recipient of migrant remittances.
May 23 -
Paytm, India’s largest digital payments startup, raised $1.4 billion from SoftBank Group Corp. in the largest funding round from a single investor for the country’s technology sector.
May 18 -
The company's original markets are India and China, but it plans to reach 10 major markets for B-to-B cross-border payments in the next year.
May 8
