PUBG Mobile, AppLock, and Ludo World-Ludo Superstar are some of the most popular Chinese apps in India that were included in the recent ban list. The government stated that these applications risked sovereignty, integrity, defence and security of the state. The company has been planning to launch a stockbroking service.The Ministry of Information & Technology has issued a ban on as many as 118 more China-based mobile applications in the wake of Indo-China border tensions.
Paytm Money, the wealth management arm of One97 Communications, has softly launched a stockbroking feature within the app. Paytm has just seen a hit by online scammers where 190 Paytm users duped of Rs 1.13 crore on the pretext of KYC update. Paytm has grabbed 50 per cent share in the payments to merchants (P2M) segment in India and the financial services platform has emerged as the most integrated payments provider in the fintech space. Paytm in April announced to hire over 500 people for multiple roles, aside from continued hiring in product and technology and the current move is to ramp up recruitments for expanding its financial and wealth management services. Leading digital payments service Paytm on Wednesday said it is in the process of hiring over 1,000 engineers, data scientists, financial analysts among other positions for tech and non-tech roles. Still, there is no confirmation about the news, but both the companies are still negotiating on the price and other related issues. The investment firm, Rana Kapoor and his family members together control a 9.64% stake in Yes Bank. Rana Kapoor wishes to sell his own and his family’s stake in yes bank for Rs 1,800-2,000 crore to Paytm. Rana Kapoor who is the Co-founder of Yes bank is in talks with Vijay Shekhar Sharma – the Founder of Paytm. Berkshire Hathaway confirmed investment of $356 Million for 3% – 4% Stake in Paytm in August 2018 and it was confirmed by Berkshire company that Warren Buffet is not involved in this transaction.Īkshay Kumar says #Paytmkaro for 2.0 Campaign: One97 Communications Ltd of Paytm’s Parent Company got their first institutional investor, venture capital and SAIF Partners in the year of 2007. Vijay Shekhar Sharma is an engineer from the Delhi College of Engineering and today he is worth $2.6 Billion. Started by Vijay Shekhar Sharma in 2010, Paytm changed its business model to a virtual bank model, marketplace and gold e-wallet. Paytm is India’s Biggest platform in the e-wallet industry and e-commerce platform. So I thought How about I assemble all the details about all the business models on my website .Īfter reading this blog, I am sure you’ll get all the details about the Business Model of Paytm from Funding to How do they earn. People often ask me how do I gather all the data about different business models for my Youtube channel( Intellectual Indies) For detail information you can read the blog or watch our video. If we fututer go paytm has it wallet services and also they have released a digital gold services by which you can buy gold online.Now, they have launched their paytm payments bank which further increase their valuation. Paytm also have its Payment Gateway Solution which it charges a decent amount on every transaction. Paytm earns throughs varios business like Market Place which it runs by the name of Paytm Mall, and other recharge services, bill payment, Ticket Boking services as well. Revenue of Paytm was 3579 crores that is 500 million dollars in 2019.
Paytm one of the biggest Fintech Company of Indian which has become a case study for Harvard University students.