Paytm

Alibaba strategically invests $680m in Paytm to acquire 40%

29 Sep 15 | Author Ben Rabinovich | |

Alibaba and its financial affiliate Ant Financial have agreed with One97 Communications to make a strategic investment in Paytm, India's largest mobile payment and commerce platform.

Asia’s top 20 unicorn startups (Infographic)

28 Sep 15 | Author Ben Rabinovich | |

Given the incredible amounts that have been invested in Asian e-commerce companies this year, it should come as no surprise that they make up nearly half of Asia's top 20 unicorn startups.

Paytm to split in two after payment bank announcement

24 Aug 15 | Author Fraser Simpson | |

‘‘We want to create a new audience to the banking system; the deposits will come from the new people who want to come to the banking platform for the first time,’’ stated Vijay Shekhar Sharma, co-founder of Paytm.

Alibaba to increase stake in Paytm

30 Jun 15 | Author Fraser Simpson | |

E-commerce firm Alibaba is rumoured to be increasing its stake in mobile wallet Paytm as the company looks to strengthen its influence within the Indian e-commerce sector.

Mobile fintech companies raised $1.1 billion in first two quarters of 2015

01 Jun 15 | Author Ben Rabinovich | |

Whilst the fintech industry has rapidly expanded as whole, mobile companies are the ones that are raising the largest investments, with $1.1 billion being raised across 58 financings.

TaxiForSure resurges with Paytm partnership

27 May 15 | Author Fraser Simpson | |

Mobile payment powerhouse Paytm has agreed to partner with TaxiForSure, an Indian cab aggregator that wants all of its customers to make cashless payments.

Alibaba set to give Paytm $375m

12 May 15 | Author Fraser Simpson | |

Paytm, India’s largest mobile wallet service has exceeded its own performance targets, and has now received approval for a cash injection from Alibaba unit Ant financial services.

Paytm is catering for Indian restaurants

05 May 15 | Author Fraser Simpson | |

Alibaba are venturing into the offline mobile retail space by entering their mobile wallet firm Paytm into the Indian restaurant market.

Alipay may acquire $5bn stake in Micromax

27 Apr 15 | Author Fraser Simpson | |

Alipay, a Chinese third party online payment platform, is rumoured to be buying a 25 per cent stake in Micromax, in a deal that could be worth $5bn.

Mobikwik wins $25m in Series B round, eyes $100m Series C

08 Apr 15 | Author Lucy England | |

India’s Mobikwik has landed £25 million in a Series B round led by Singapore-based hedge fund Tree Line Asia, and is aiming for a $100 million Series C round in the second half of this year.

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