MobiKwik hires Line India’s former head Daman Soni to drive user growth

Daman-SoniFEDigital wallet firm MobiKwik has appointed former India head of instant messaging app Line, Daman Soni, as vice president for growth. In his new role, Soni will be responsible for achieving the company’s user growth targets. Besides, he will also support the marketing function, MobiKwik said in a statement. “His strength lies in his observation […]

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FreeCharge receives $57 mn from Snapdeal

Freecharge-Investment_Shah-Junaid2Jasper Infotech Pvt Ltd, which runs e-commerce firm Snapdeal, puts in close to Rs 390 crore ($57 million) in FreeCharge, filings with the Registrar of Companies (RoC) showed. As FreeCharge is in the process of raising its next external round of funding, Snapdeal’s digital payments arm has increased its authorised share capital from Rs 6 […]

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Flashback 2016: Paytm gets note ban boost but payments bank hits a bump

flashback-logo_feIf there is one man who is wholeheartedly welcoming Prime Minister Narendra Modi’s decision to scrap Rs 500 and Rs 1,000 banknotes, it’s Vijay Shekhar Sharma. The Paytm founder and CEO has turned out to be one of the biggest beneficiaries of the move as the cash crunch prompted people to increasingly use the digital […]

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From concierge services to mobile wallets, IRCTC is making train travel hassle-free

irctc_feIndian Railway Catering and Tourism Corporation (IRCTC), a subsidiary of the government-controlled Indian Railways, has introduced several initiatives in November and December to improve the commuting experience for millions of travellers. IRCTC, which started with 29 bookings a day in 2002, is currently booking 1.45 million tickets a day. If you are a user of […]

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MobiKwik launches ‘Lite’ app for users with slow net connectivity

MobiKwikDigital wallet firm MobiKwik on Monday launched a data-light version of its mobile application, targeting smartphone users and small business owners who face challenges of slow Internet connectivity that hampers access to digital payments. The MobiKwik Lite app’s size is as small as 1 MB and it can be downloaded in 30 seconds or by […]

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Oxigen partners with eBay for assisted retail

handshake-440959_fePayment solution provider Oxigen Services has got into a partnership with online marketplace eBay India, according to a press statement. This association will help Oxigen Services customers access over 100 million product listings on www.ebay.in. Under this association, Oxigen brings a unique O2O solution (Online to Offline) which integrates customer on boarding for eBay India […]

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Paytm hits $5 bn gross transaction value, MobiKwik ups target on demonetisation

Paytm-ankit-02With people being compelled to switch to non-cash mode after the demonetisation move, digital payments company Paytm has been witnessing over 7 million transactions worth Rs 120 crore a day, helping it crosss USD 5 billion GMV sales, four months ahead of its target. Gross Merchandise Value (GMV), which is an industry term for estimating […]

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Digital wallet firms see unprecedented growth after ban on high value notes

MoneyPrime Minister Narendra Modi’s unexpected call to abolish Rs 500 and Rs 1,000 banknotes has been welcomed with open arms by digital payment companies as they experience unparalleled growth on their platforms after the announcement. The move, it seems, validates their efforts to move the Indian consumers to the world of digital payments. “Today should […]

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IRCTC joins hands with MobiKwik for e-payment of tatkal bookings

irctc_feGurgaon-based mobile payments company MobiKwik has partnered with Indian Railway Catering and Tourism Corporation (IRCTC) to launch e-cash payments for tatkal bookings. The company said with its services at IRCTC, users can pay within two seconds to buy tatkal tickets. The MobiKwik wallet, however, would have to be preloaded with the desired amount. “MobiKwik collaborated […]

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Exclusive: The sort of Indian fintech startups Orange Growth Partners is looking to invest in

For-Fintech-Orange-Story-TC_ThinkstockPhotos-544970538Amsterdam-headquartered fintech investment firm Orange Growth Capital is setting foot in India. The three-year-old venture capital firm, which has a $150 million global fund, is focused on investments in Asia, Europe, Middle East and Africa. Operating out of Singapore in Asia, the firm has already entered Malaysia, Indonesia and Vietnam and will make investments in […]

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