Paytm to merge wallet business with payments bank

PAYTM_Ankit_feOne97 Communications Ltd, the owner of digital wallet Paytm, said on Monday it will merge its wallet business with its upcoming payments bank to comply with Reserve Bank of India’s directions. The digital wallet will be transferred after the company gets necessary regulatory approval to start Paytm Payments Bank Ltd, it said in a blog […]

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Alibaba may pick majority stake in Paytm’s e-commerce biz

AlibabaOnline and mobile commerce giant Alibaba, which owns a significant stake in One97 Communications Pvt. Ltd that runs mobile payment and commerce platform Paytm, is likely to pick a majority stake in Paytm’s e-commerce business, a senior company executive said. Paytm has created a separate entity for its online retail business under Paytm E-Commerce Pvt. […]

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