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The Latest Breaking News from Paytm

Walmart Intensifies Rivalry With Google, Amazon By Targeting India's Budding Payments Market

Walmart Inc's (NYSE:WMT) Indian payments unit PhonePe will acquire two wealth management firms for a total enterprise value of $75 million, Bloomberg reports. PhonePe will buy WealthDesk for about $50 million and OpenQ for nearly $25 million. The acquisitions will help broaden PhonePe's offerings in India's budding payments market, where Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)…

Jack Ma, Warren Buffett Backed Paytm Looks To Breakeven Soon: Bloomberg

Jack Ma, Warren Buffett Backed Paytm Looks To Breakeven Soon: Bloomberg

Paytm, backed by SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) and Alibaba Group Holding Ltd's (NYSE:BABA) fintech affiliate Ant Group, looks to break even on an operating basis over the next year-and-a-half, Bloomberg reports. The Indian digital payments pioneer doubled its gross merchandise value to $34.3 billion in the March quarter. Paytm looks to become profitable in…

Don't Go Buying Every Stock That Is Down 40-50%, Warns Prominent Indian Investment Banker

Don't Go Buying Every Stock That Is Down 40-50%, Warns Prominent Indian Investment Banker

Despite the subdued global cues from the foreign markets, the Indian stock market has given a pretty decent return of almost 13% to investors in the past month.

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SoftBank Founder Boosts Collateral To 33% Of Stock As Stock Prices Sink

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son has raised the collateral stock to financial institutions as its shares plunged over 2021, Bloomberg reports. Son boosted the stock pledged as collateral to ~33% of his stake or 153.3 million shares in SoftBank as its shares sank 60% from their peak last year.…

India Mobile Payments Boom As Google Pay, Facebook, Amazon, Walmart Vie For Digital Dominance

The India mobile payments industry is booming as U.S. and China giants vie for a piece of the digital future. But they aren't making money.

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