• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, July 9, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

PayTm Selects Infosys Finacle To Boost Its Payments Bank Business

by Anirudh Saligrama
June 8, 2016
in Business, News
Reading Time: 2 mins read
0
Paytm Joins Hands With Wipro To Meet Its Requirements For Payments Bank Business
TwitterWhatsappLinkedin

unicorns in india paytm

You might also like

India Bets Big on Space Innovation with ₹1,000 Cr Fund for Startups

Grok 4 Launching Today, Musk Confirms

New Academic Studies Allege Uber’s Opaque Algorithm Systematically Boosts Profits at Expense of Drivers and Passengers

08 Jun. 16, MUMBAI: Mobile Payments and commerce platform, PayTm and Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys announced that the Finacle Core Banking solution has been selected to scale-up PayTm’s new payments bank business. The Modern Application program interface will allow PayTm to integrate its payments bank services smoothly across its existing wallet business.

Paytm will leverage Finacle’s proven platform for its deposit products and payments platform, to facilitate the offerings swiftly.

Commenting on the innovation, CEO of Paytm Payments Bank – Shinjini Kumar said, “After considering multiple core banking solutions, Paytm is happy to announce that we have chosen Infosys Finacle as the core banking solution for our payments bank. With its large deployment base in India including some of the largest banks, Finacle has proven to be a scalable solution and we are confident that it will be able to support our aspiration to be a large and robust platform for small value, high volume transactions for millions of Indians.”

“Payments banks are set to revolutionize the Indian banking space, helping take basic banking services to a huge unbanked and underbanked population in the country. Paytm has played a pioneering role in the growth of mobile payments and e-commerce in India. Backed by our proven solutions and global best practices, we are confident of powering Paytm to deliver banking services in an easily scalable and cost-efficient manner,” said Andy Dey, ‎President – Customer & Operations of EdgeVerve

Founded by Vijay Shekar Sharma, Paytm kick-started as a mobile recharge site and utility bill payment platform in 2010.  Being a consumer brand of India’s leading mobile internet company ONE97 Communications,  Paytm expanded its offerings with wallet payment and wallet to wallet and wallet to bank transfers for many leading internet based companies like Bookmyshow, Makemytrip, FoodPanda, IRCTC and many others.

 

Also Read: Paytm To Spend Rs.600 Crore On Branding And Marketing

Alipay And Paytm Go To Local Stores To Hard Sell E-Wallets

 

Tags: EdgeVerveInfosysInfosys FinaclePayments Bankpaytm
Tweet54SendShare15
Previous Post

OYO Partners With Itzcash To Build Strong Omni-Channel Presence

Next Post

Uber CEO Travis Kalanic Gets Court Notice Over Government Challan

Anirudh Saligrama

Media Graduate, Trainee-Journalist,

Recommended For You

India Bets Big on Space Innovation with ₹1,000 Cr Fund for Startups

by Ishaan Negi
July 9, 2025
0
India Bets Big on Space Innovation with ₹1,000 Cr Fund for Startups

India has launched a ₹1,000 crore venture capital fund for space-tech businesses, marking a bold move into a new era of space research and innovation. This calculated action...

Read more

Grok 4 Launching Today, Musk Confirms

by Sneha Singh
July 9, 2025
0
Grok 4 Launching Today, Musk Confirms

Elon Musk has officially revealed that xAI's much-awaited Grok 4 model will debut today, July 9, with a live-stream launch scheduled at 8 PM Pacific Time. The confirmation...

Read more

New Academic Studies Allege Uber’s Opaque Algorithm Systematically Boosts Profits at Expense of Drivers and Passengers

by Anochie Esther
July 9, 2025
0
Uber

Uber, the global ride-hailing giant, is once again facing intense scrutiny over its pricing practices. Two independent academic studies, one from the prestigious Columbia Business School in the...

Read more
Next Post
Uber Partners With Paytm To Allow Its Indian Travellers To Pay Using The Payment Wallet

Uber CEO Travis Kalanic Gets Court Notice Over Government Challan

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?