One97 Communications

In a bid to expand online payment business in the US after a successful run in India with Paytm, Chinese e-commerce giant Alibaba's digital payments arm Ant Financial has bought global money-transfer service MoneyGram for nearly $880 million. The transaction...

Saroj Poddar-controlled Adventz Group on Tuesday said it was approached for buying a minority stake in Paytm, but has decided against it. "We were approached by a few merchant bankers for a minority stake in Paytm. But we have decided...

Paytm has received final approval of the Reserve Bank to formally launch its payments bank and it expects to start operations next month. According to a PTI report: Payments banks can accept deposits from individuals and small businesses of up...

Paytm, India’s leading mobile payment and commerce platform, has announced that Mountain Capital will make an investment in the company. The fresh capital infusion will allow Paytm, the consumer brand of One97 Communications, to further accelerate and develop a vibrant mobile...

One97 Communications, which runs mobile payment and e-commerce platform Paytm, is in advanced talks to raise fresh funding of about Rs 2,000 crore ($300 million) as the company gears up to launch the payments bank and aims to boost...

One97 Communications, the company which owns and operates Paytm, a mobile marketplace and digital wallet, has incorporated a separate entity for its online retail business as its key investor Alibaba Group Holding Ltd firms up plans to enter India...