Digital Wallet Archives

PayUMoney to close its wallet service, company will focus on CitrusPay

Apoorv AnupamJanuary 4, 2018

04 January 2018, India: Digital wallet PayUMoney is shutting down its wallet service at the end of this month. The wallet is operated by PayU India. The ...

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Flipkart to Invest $500 Million in PhonePe

Chinmay BidkarOctober 12, 2017

12 October 2017, India: Flipkart has committed to invest $500 million in PhonePe to scale up operations of its payments arm. The commitment is in additio...

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Paytm all set to Acquire Travel Platform Via.com

Chinmay BidkarSeptember 19, 2017

19 September 2017, India: Vijay Shekhar Sharma-led Paytm has been expanding into various verticals. It is now all set to capture the travel platforms and...

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Bajaj Finance Picks Up 10.83% Stakes in MobiKwik for Rs. 225 crores

Chinmay BidkarAugust 3, 2017

03 July 2017, India: Bajaj Finance is all set to pick up 10.58% stake in mobile wallet company Mobikwik for about Rs. 225 crore as per the report by ET. ...

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After Flipkart-Snapdeal Merger, Axis Bank Acquires Freecharge

Chinmay BidkarJuly 27, 2017

27 July 2017, India: Private sector lender Axis Bank has sealed the deal and acquired Freecharge for $60 Millon. Kunal Shah, Founder of Freecharge sai...

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Amazon Makes an $70-80 Million Offer to Buy Freecharge

Chinmay BidkarJuly 24, 2017

24 July 2017, India: Online marketplace Amazon has made an offer of $70-80 Million to acquire Snapdeal-owned Freecharge. Other contenders who are looking...

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Paytm Deploys 800 Employees into Paytm Mall, Will Hire 2,000 More!

Chinmay BidkarJuly 10, 2017

10 July 2017, India: Vijay Shekhar Sharma-led Paytm has deployed 800 of its employees into Paytm Mall. Paytm has moved over 800 personnel actively involv...

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In A Major Turnaround, Axis Bank May Acquire FreeCharge

Chinmay BidkarJuly 8, 2017

08 July 2017, India: India’s third-largest private sector lender, Axis Bank has emerged as a frontrunner to acquire digital wallet FreeCharge as per the ...

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Paytm Payments Bank Set to Adopt UPI from August

Chinmay BidkarJune 20, 2017

20 June 2017, India: In line with the government’s initiative to build digital payments in the country, Paytm Payments Bank is set to adopt Unified Payme...

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Mumbai-based ftcash Raises Funding from IvyCap Ventures, 500 Startups

Chinmay BidkarJune 6, 2017

06 June 2017, India: Mumbai-based ftcash has raised a fresh funding in a pre-Series A round led by IvyCap Ventures and 500 Startups. The fintech start...

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