PayUMoney to close its wallet service, company will focus on CitrusPay
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 ...
Digital Wallet
Flipkart to Invest $500 Million in PhonePe
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...
Paytm all set to Acquire Travel Platform Via.com
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...
Bajaj Finance Picks Up 10.83% Stakes in MobiKwik for Rs. 225 crores
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
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...
Amazon Makes an $70-80 Million Offer to Buy Freecharge
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...
Paytm Deploys 800 Employees into Paytm Mall, Will Hire 2,000 More!
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...
In A Major Turnaround, Axis Bank May Acquire FreeCharge
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 ...
Paytm Payments Bank Set to Adopt UPI from August
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...
Mumbai-based ftcash Raises Funding from IvyCap Ventures, 500 Startups
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...