独家
PayU印度,Paytm初步得到书消费账单支付服务
消费者将能够支付所有账单下随时随地巴拉特比尔支付系统(bbp),公司将提供平台来提供这些服务。
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Ashwini Vaishnaw袋10点的官员腐败指控
不到16年经验的官员受到缺口,而高级年级有一个长期的经验。凹陷水平相当于政府部门的联合秘书,虽然缺口是在主管级别。
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PayU印度和Paytm原则上必须在第一个审批操作作为一个巴拉特账单支付操作单元(BBPOU),使他们能够向消费者提供可互操作的分期付款服务。消费者将能够支付所有账单下随时随地巴拉特比尔支付系统(bbp),公司将提供平台来提供这些服务。
维贾伊·夏尔马One97创始人说,印度储备银行已经把一些条件得到最终的授权。
公司日前批准必须满足两个条件,其中包括印度的认证支付总公司(NPCI)坚持bbp标准和系统准备就绪。系统审计也必须进行评估硬件、软件、关键应用和安全。
2015年11月,央行已经授予原则上批准NPCI函数作为巴拉特中央单位分期付款。
Shailaz唠叨,创始人之一PayU印度说,许可证和公司的技术将提供一个成本效益和有效的替代现有的支付选项,从而增加消费者的便利。
央行已收到62份申请授权从非银行实体和80请求批准的银行操作bbp下作为付款的操作单元。直到现在,它批准了33个申请人包括Oxigen,聚合器BillDeskHDFC银行包括印度国家银行ICICI,和其他人。
将函数作为操作账单支付系统的分层结构的国家,一个品牌形象提供方便的随时随地的票据支付给客户。
系统启动并运行后,消费者将能够支付各种账单,如公用事业账单,和未来支付像学校或大学费用,市政税。
此举是需要印度缺乏互操作性的票据支付流程和绝大多数的客户没有访问各种各样的电子支付方式。
![\"PayU](\"https:\/\/st.etb2bimg.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
PayU India<\/a> and Paytm<\/a> have got amongst the first in-principle approvals for operating as a Bharat Bill Payments Operating Unit (BBPOU), allowing them to offer interoperable bill payment service to consumers. Consumers will be able to pay all their bills anytime and anywhere under the Bharat Bill Payment System (BBPS), and the companies will provide platforms to offer these services.
Vijay Shekhar Sharma<\/a>, founder of One97, said Reserve Bank of India has laid some conditions to get the final authorisation.
<\/div><\/div>\"We're planning to launch the payments unit by August-September, alongside our payments bank,\" said Vijay Shekhar Sharma, founder of One97, adding that the permits have come with some conditions laid down by the Reserve Bank of India that need to be fulfilled.
Companies with in-principle approvals would have to meet two conditions, including a certification from National Payment Corporation of India (NPCI) for adherence to BBPS standards and system readiness. A system audit would also have to be conducted to evaluate the hardware, software, critical applications and security.
In November 2015, RBI had granted in-principal approval to NPCI to function as Bharat Bill Payment Central Unit.
Shailaz Nag, co-founder of PayU<\/a> India said that the license along with the company's technology will offer a cost effective and efficient alternative to existing payment options, thus increasing consumer convenience.
RBI had received 62 applications for authorisation from non-bank entities and 80 requests in all for approvals from banks for operating as a payment operating unit under BBPS. Till now, it has given approvals to 33 applicants including Oxigen<\/a>, aggregators like BillDesk<\/a> and banks including SBI, ICICI, HDFC and others.
Companies with in-principle approvals would have to meet two conditions, including a certification from National Payment Corporation of India (NPCI) for adherence to BBPS standards and system readiness. A system audit would also have to be conducted to evaluate the hardware, software, critical applications and security.
In November 2015, RBI had granted in-principal approval to NPCI to function as Bharat Bill Payment Central Unit.
Shailaz Nag, co-founder of PayU<\/a> India said that the license along with the company's technology will offer a cost effective and efficient alternative to existing payment options, thus increasing consumer convenience.
RBI had received 62 applications for authorisation from non-bank entities and 80 requests in all for approvals from banks for operating as a payment operating unit under BBPS. Till now, it has given approvals to 33 applicants including Oxigen<\/a>, aggregators like BillDesk<\/a> and banks including SBI, ICICI, HDFC and others.
<\/div><\/div>BBPS is an integrated bill payment system that will enable payment services online or through an offline network. Payment can be made through multiple modes and the users will get instant confirmation.
It will function as a tiered structure for operating the bill payment system in the country with a single brand image providing convenience of \u2018anytime anywhere\u2019 bill payment to customers.
Once the system is up and running, consumers will be able to pay a variety of bills such as utility bills, and going forward payments like school or university fee, municipal taxes.
The move is needed as India lacks interoperability in the bill payment processes and a vast majority of customers do not have access to various modes of electronic payments. <\/div><\/div>
It will function as a tiered structure for operating the bill payment system in the country with a single brand image providing convenience of \u2018anytime anywhere\u2019 bill payment to customers.
Once the system is up and running, consumers will be able to pay a variety of bills such as utility bills, and going forward payments like school or university fee, municipal taxes.
The move is needed as India lacks interoperability in the bill payment processes and a vast majority of customers do not have access to various modes of electronic payments. <\/div><\/div>
Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"key":{"0":{"keyid":"198636","value":"Vijay Shekhar Sharma","smid":"0","keynameseo":"Vijay-Shekhar-Sharma","keytype":"","keycount":"totalcount","weightage":"20"},"1":{"keyid":"1493567","value":"PayU India","smid":"0","keynameseo":"PayU-India","keytype":"","keycount":"totalcount","weightage":"20"},"2":{"keyid":"1493568","value":"PayU","smid":"0","keynameseo":"PayU","keytype":"","keycount":"totalcount","weightage":"20"},"3":{"keyid":"6357120","value":"PayTM","smid":"0","keynameseo":"PayTM","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"389412","value":"Oxigen","smid":"0","keynameseo":"Oxigen","keytype":"","keycount":"totalcount","weightage":"20"},"6":{"keyid":"610043","value":"Insights","smid":"0","keynameseo":"Insights","keytype":"","keycount":"totalcount","weightage":"20"},"7":{"keyid":"225041","value":"BillDesk","smid":"0","keynameseo":"BillDesk","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":{"author":{"artau":"Gulveen Aulakh","aunameseo":"gulveen-aulakh","artauid":"19656","artauemail":"gulveenaulakh@gmail.com","auselfimageid":"19656","auimageid":"0019656","auimagelen":"27429","auFullName":"Gulveen","pubname":"ET","designame":"Assistant Editor","audetailsxml":{"authordetails":"I cover India's telecom sector from multiple aspects including policy, regulatory, corporate and litigation, for The Economic Times, the largest financial daily. I also cover devices and handset makers in India, and I can say that I'm partly responsible for making this section's coverage a separate one for the industry. Having spent more than a decade in journalism covering retail, IT, aviation, state level politics and now telecom, getting deep-dive, holistic and insightful picture on any story has become a mainstay. You can reach me on gulveen.aulakh@timesgroup.com and on Twitter - @gulveenaulakhET","details":{"detail":[{"@attributes":{"type":"occupation"}},{"@attributes":{"type":"beat"}}]}},"aulinksxml":{"links":{"link":{"twitter":[],"facebook":[],"googlePlusUrl":[],"contributorUrl":[]}}},"auagencyid":"88675387","auagencyname":"ET Bureau","autype":"GENERAL"}},"similarlytagged":[{"msid":"93514417","stname":"Paytm plunges 5% as IIAS asks shareholders to vote against CEO reappointment","artsyn":"\u201cWe take comfort in the board\u2019s assertion that the company has an effective mechanism for succession planning for the orderly succession of directors and senior management personnel. We raise concerns that he (Sharma) is not liable to retire by rotation, and that he will get board permanency if he continues in a non-executive capacity following the end of his term as managing director,\u201d IIAS said.","seolocation":"telecomnews\/paytm-plunges-5-as-iias-asks-shareholders-to-vote-against-ceo-reappointment","seolocationalt":"Paytm plunges 5% as IIAS asks shareholders to vote against CEO reappointment","url_seo":"paytm-plunges-5-as-iias-asks-shareholders-to-vote-against-ceo-reappointment"},{"msid":"89083490","stname":"Mobikwik expects to double revenue this fiscal, stays cautious on IPO launch","artsyn":"The company, which posted a narrowing of loss to Rs 111.3 crore and revenue of Rs 302.25 crore in the financial year 2021, expects to double the revenue by the end of current financial year.","seolocation":"telecomnews\/mobikwik-expects-to-double-revenue-this-fiscal-stays-cautious-on-ipo-launch","seolocationalt":"Mobikwik expects to double revenue this fiscal, stays cautious on IPO launch","url_seo":"mobikwik-expects-to-double-revenue-this-fiscal-stays-cautious-on-ipo-launch"},{"msid":"88985728","stname":"Internet panel on languages ropes in Vijay Shekhar Sharma as ambassador","artsyn":"Global internet body ICANN-supported Universal Acceptance Steering Group on Tuesday said it has roped in Paytm founder Vijay Shekhar Sharma as UA Ambassador.","seolocation":"telecomnews\/internet-panel-on-languages-ropes-in-vijay-shekhar-sharma-as-ambassador","seolocationalt":"Internet panel on languages ropes in Vijay Shekhar Sharma as ambassador","url_seo":"internet-panel-on-languages-ropes-in-vijay-shekhar-sharma-as-ambassador"},{"msid":"88908614","stname":"Paytm is shutting down its consumer app in Canada","artsyn":"One97 Communications says the decision was made to focus the efforts of Paytm Labs, the Canada division, on opportunities in India and that it does not expect any job loss from this.","seolocation":"telecomnews\/paytm-is-shutting-down-its-consumer-app-in-canada","seolocationalt":"Paytm is shutting down its consumer app in Canada","url_seo":"paytm-is-shutting-down-its-consumer-app-in-canada"},{"msid":"88049046","stname":"Paytm just got its first \u2018Buy\u2019 rating after listing flop","artsyn":"Dolat Capital has set for Paytm a target price of Rs 2,500, which is 16% higher than the issue price of Rs 2,150. The brokerage expects the company to turn profitable by March 2026.","seolocation":"telecomnews\/paytm-just-got-its-first-buy-rating-after-listing-flop","seolocationalt":"Paytm just got its first \u2018Buy\u2019 rating after listing flop","url_seo":"paytm-just-got-its-first-buy-rating-after-listing-flop"},{"msid":"87977649","stname":"Paytm in focus again as analysts query CEO on path to profits","artsyn":"Over the weekend, One97 reported losses widened to 4.74 billion rupees in the July-to-September quarter from a year ago amid rising expenses. Revenue rose more than 60% in the same period, boosted by growth in financial, commerce and cloud services.","seolocation":"telecomnews\/paytm-in-focus-again-as-analysts-query-ceo-on-path-to-profits","seolocationalt":"Paytm in focus again as analysts query CEO on path to profits","url_seo":"paytm-in-focus-again-as-analysts-query-ceo-on-path-to-profits"},{"msid":"87946642","stname":"India's Paytm Sept net loss widens, says maintains growth momentum","artsyn":"Paytm, reporting its earnings publicly for the first time since this month's stock market debut, reported a consolidated net loss of 4.74 billion rupees ($63.2 million) compared with 4.37 billion rupees in the same period a year earlier.","seolocation":"telecomnews\/indias-paytm-sept-net-loss-widens-says-maintains-growth-momentum","seolocationalt":"India's Paytm Sept net loss widens, says maintains growth momentum","url_seo":"indias-paytm-sept-net-loss-widens-says-maintains-growth-momentum"},{"msid":"87848419","stname":"Paytm founder Vijay Shekhar Sharma compares himself to Elon Musk after historic IPO flop","artsyn":"Vijay Shekhar Sharma held a four-hour town hall to rally employees who had watched the company\u2019s stock plummet 27% on Thursday, according to people who had attended. The 43-year-old encouraged them to look past the initial stumble and to focus on the long-term opportunities for bringing digital payments to the country\u2019s fast-growing internet population. One 97 Communications is the parent company for the Paytm service.","seolocation":"telecomnews\/paytm-founder-vijay-shekhar-sharma-compares-himself-to-elon-musk-after-historic-ipo-flop","seolocationalt":"Paytm founder Vijay Shekhar Sharma compares himself to Elon Musk after historic IPO flop","url_seo":"paytm-founder-vijay-shekhar-sharma-compares-himself-to-elon-musk-after-historic-ipo-flop"},{"msid":"87842123","stname":"India's Paytm slides for second day after debut debacle","artsyn":"The stock was being traded for 1,417 rupees compared to the offer price of 2,150 rupees.","seolocation":"telecomnews\/indias-paytm-slides-for-second-day-after-debut-debacle","seolocationalt":"India's Paytm slides for second day after debut debacle","url_seo":"indias-paytm-slides-for-second-day-after-debut-debacle"},{"msid":"87842014","stname":"Paytm under scrutiny after first-day flop followed record IPO","artsyn":"\u201cThe stock price may not go down significantly since 87% of issue was subscribed by institutional investors, who can always support the price,\u201d said Deven Choksey, a strategist at KRChoksey Investment Managers Pvt.","seolocation":"telecomnews\/paytm-under-scrutiny-after-first-day-flop-followed-record-ipo","seolocationalt":"Paytm under scrutiny after first-day flop followed record IPO","url_seo":"paytm-under-scrutiny-after-first-day-flop-followed-record-ipo"},{"msid":"87794671","stname":"Vijay Shekhar Sharma's obsession with creating a record for Paytm IPO led to a bad Day 1","artsyn":"By 11 a.m., Sharma\u2019s long-anticipated coming out party had turned into one of the worst opening days for a blockbuster tech listing since the dot-com bubble. The stock\u2019s 27% plunge surprised even some Paytm pessimists, casting doubt on a record-breaking run for Indian equities and leaving Sharma -- and his underwriters -- to face tough questions about what went wrong with the $2.5 billion fundraising.","seolocation":"telecomnews\/vijay-shekhar-sharmas-obsession-with-creating-a-record-for-paytm-ipo-led-to-a-bad-day-1","seolocationalt":"Vijay Shekhar Sharma's obsession with creating a record for Paytm IPO led to a bad Day 1","url_seo":"vijay-shekhar-sharmas-obsession-with-creating-a-record-for-paytm-ipo-led-to-a-bad-day-1"},{"msid":"87791415","stname":"Why did Paytm bomb, when Nykaa didn\u2019t? The proof is in the pie(s)","artsyn":"India\u2019s largest IPO thus far has tanked despite the best efforts of the management, its heavyweight bankers and even some of the blue blooded institutional investors Blackrock, the world\u2019s largest asset manager, CPPIB or the sovereign wealth funds of Abu Dhabi and Singapore who lent their support as anchor investors.","seolocation":"telecomnews\/why-did-paytm-bomb-when-nykaa-didnt-the-proof-is-in-the-pies","seolocationalt":"Why did Paytm bomb, when Nykaa didn\u2019t? The proof is in the pie(s)","url_seo":"why-did-paytm-bomb-when-nykaa-didnt-the-proof-is-in-the-pies"},{"msid":"87781573","stname":"Paytm's market cap dips below its $16 billion private valuation on listing","artsyn":"An over 27% plunge in Paytm\u2019s share price upon listing pegged the fintech firm\u2019s market cap at $14.5 billion. That\u2019s less than its IPO valuation of $20 billion and its last private valuation of $16 billion in November 2019.","seolocation":"telecomnews\/paytms-market-cap-dips-below-its-16-billion-private-valuation-on-listing","seolocationalt":"Paytm's market cap dips below its $16 billion private valuation on listing","url_seo":"paytms-market-cap-dips-below-its-16-billion-private-valuation-on-listing"},{"msid":"87772579","stname":"Paytm's Sharma goes from 'ineligible' bachelor to billionaire","artsyn":"\"In 2004-05, my father asked me to shut my company and take up a job even if it was for 30,000 rupees,\" Sharma, who went on to found digital payments firm Paytm in 2010, told Reuters.","seolocation":"telecomnews\/paytms-sharma-goes-from-ineligible-bachelor-to-billionaire","seolocationalt":"Paytm's Sharma goes from 'ineligible' bachelor to billionaire","url_seo":"paytms-sharma-goes-from-ineligible-bachelor-to-billionaire"},{"msid":"87772360","stname":"Paytm shares plunge 16% below IPO price on listing, market cap shrinks","artsyn":"Shares of Paytm parent One97 Communications fell 16.02% below the IPO price of Rs 2,150, ascribing a market cap of Rs 1.20 lakh crore. Macquarie has initiated coverage of the Paytm stock at \"underperform\" with price target of Rs 1,200.","seolocation":"telecomnews\/paytm-shares-plunge-16-below-ipo-price-on-listing-market-cap-shrinks","seolocationalt":"Paytm shares plunge 16% below IPO price on listing, market cap shrinks","url_seo":"paytm-shares-plunge-16-below-ipo-price-on-listing-market-cap-shrinks"},{"msid":"87698650","stname":"Paytm share allocation likely on Nov 16 at Rs 2,150 apiece","artsyn":"Based on the bid received for Paytm's Rs 18,300 crore initial public offer (IPO), the company will list an enterprise valuation of Rs 1,49,428 crore or slightly over $20 billion at an exchange rate of 74.35.","seolocation":"telecomnews\/paytm-share-allocation-likely-on-nov-16-at-rs-2150-apiece","seolocationalt":"Paytm share allocation likely on Nov 16 at Rs 2,150 apiece","url_seo":"paytm-share-allocation-likely-on-nov-16-at-rs-2150-apiece"},{"msid":"87363419","stname":"India's biggest IPO yet: Why the biggest gainer is not Paytm founder but investor Alibaba","artsyn":"Data from Paytm's red herring prospectus show that founder Vijay Shekhar Sharma will sell shares worth Rs 402 crore while China-based Alibaba will make Rs 5,488 crore","seolocation":"telecomnews\/indias-biggest-ipo-yet-why-the-biggest-gainer-is-not-paytm-founder-but-investor-alibaba","seolocationalt":"India's biggest IPO yet: Why the biggest gainer is not Paytm founder but investor Alibaba","url_seo":"indias-biggest-ipo-yet-why-the-biggest-gainer-is-not-paytm-founder-but-investor-alibaba"},{"msid":"87216551","stname":"Paytm gets Sebi nod for Rs 16,600 crore IPO","artsyn":"According to the draft IPO documents filed by the company, One97 Communications plans to raise Rs 8,300 crore through fresh issue of equity shares and another Rs 8,300 crore through the offer-for-sale (OFS) route.","seolocation":"telecomnews\/paytm-gets-sebi-nod-for-rs-16600cr-ipo","seolocationalt":"Paytm gets Sebi nod for Rs 16,600 crore IPO","url_seo":"paytm-gets-sebi-nod-for-rs-16600cr-ipo"},{"msid":"86475259","stname":"Vijay Shekhar Sharma gets new stock options ahead of Paytm IPO","artsyn":"Vijay Shekhar Sharma is getting a significant amount of new stock options in One97 Communications, a move that would increase his stake in the parent company by 2-3% ahead of the $2.2-billion Paytm IPO.","seolocation":"telecomnews\/vijay-shekhar-sharma-gets-new-stock-options-ahead-of-paytm-ipo","seolocationalt":"Vijay Shekhar Sharma gets new stock options ahead of Paytm IPO","url_seo":"vijay-shekhar-sharma-gets-new-stock-options-ahead-of-paytm-ipo"},{"msid":"84812971","stname":"Paytm founder to have protective rights after listing","artsyn":"This gives the founder sufficient buffer since he currently owns more than 9% of Paytm. These rights have been included in the new shareholding agreement (SHA) signed between Sharma and Paytm last month.","seolocation":"telecomnews\/paytm-founder-to-have-protective-rights-after-listing","seolocationalt":"Paytm founder to have protective rights after listing","url_seo":"paytm-founder-to-have-protective-rights-after-listing"}],"primeid":0,"storytags":{"categoryTag":{"sectionid":"49830939","sectionname":"TelecomNews","seolocation":"telecomnews","seolocationalt":"telecomnews"},"otherTags":[{"keyid":"198636","value":"Vijay Shekhar Sharma","smid":"0","keynameseo":"Vijay-Shekhar-Sharma","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"1493567","value":"PayU India","smid":"0","keynameseo":"PayU-India","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"1493568","value":"PayU","smid":"0","keynameseo":"PayU","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6357120","value":"PayTM","smid":"0","keynameseo":"PayTM","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"389412","value":"Oxigen","smid":"0","keynameseo":"Oxigen","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"3140800","value":"MVAS\/Apps","smid":"0","keynameseo":"(MVAS\/Apps)","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"610043","value":"Insights","smid":"0","keynameseo":"Insights","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"225041","value":"BillDesk","smid":"0","keynameseo":"BillDesk","keytype":"","keycount":"totalcount","weightage":"20"}],"filterTags":[]},"formattedTags":{"companyTags":[],"otherTags":[{"name":"Vijay Shekhar Sharma"},{"name":"PayU India"},{"name":"MVAS\/Apps"},{"name":"Insights"},{"name":"BillDesk"},{"name":"Oxigen"},{"name":"PayTM"},{"name":"PayU"}],"newsCategoryTags":[{"name":"TelecomNews","seolocation":"telecomnews"}],"breadcrumbTags":["Vijay Shekhar Sharma","PayU India","PayU","PayTM","Oxigen","MVAS\/Apps","Insights","BillDesk"],"filterTags":[]},"breadcrumbTags":["Vijay Shekhar Sharma","PayU India","PayU","PayTM","Oxigen","MVAS\/Apps","Insights","BillDesk"],"Alttitle":{"minfo":""},"Altdescription":{"minfo":""},"amp_url":"\/\/www.iser-br.com\/amp\/news\/payu-india-paytm-get-in-principle-oks-for-consumer-bill-payment-services\/52290741","associated":{"articles":{"93514417":{"msid":"93514417","stname":"Paytm plunges 5% as IIAS asks shareholders to vote against CEO reappointment","artsyn":"\u201cWe take comfort in the board\u2019s assertion that the company has an effective mechanism for succession planning for the orderly succession of directors and senior management personnel. We raise concerns that he (Sharma) is not liable to retire by rotation, and that he will get board permanency if he continues in a non-executive capacity following the end of his term as managing director,\u201d IIAS said.","seolocation":"telecomnews\/paytm-plunges-5-as-iias-asks-shareholders-to-vote-against-ceo-reappointment","seolocationalt":"Paytm plunges 5% as IIAS asks shareholders to vote against CEO reappointment","url_seo":"paytm-plunges-5-as-iias-asks-shareholders-to-vote-against-ceo-reappointment"},"89083490":{"msid":"89083490","stname":"Mobikwik expects to double revenue this fiscal, stays cautious on IPO launch","artsyn":"The company, which posted a narrowing of loss to Rs 111.3 crore and revenue of Rs 302.25 crore in the financial year 2021, expects to double the revenue by the end of current financial year.","seolocation":"telecomnews\/mobikwik-expects-to-double-revenue-this-fiscal-stays-cautious-on-ipo-launch","seolocationalt":"Mobikwik expects to double revenue this fiscal, stays cautious on IPO launch","url_seo":"mobikwik-expects-to-double-revenue-this-fiscal-stays-cautious-on-ipo-launch"},"88985728":{"msid":"88985728","stname":"Internet panel on languages ropes in Vijay Shekhar Sharma as ambassador","artsyn":"Global internet body ICANN-supported Universal Acceptance Steering Group on Tuesday said it has roped in Paytm founder Vijay Shekhar Sharma as UA Ambassador.","seolocation":"telecomnews\/internet-panel-on-languages-ropes-in-vijay-shekhar-sharma-as-ambassador","seolocationalt":"Internet panel on languages ropes in Vijay Shekhar Sharma as ambassador","url_seo":"internet-panel-on-languages-ropes-in-vijay-shekhar-sharma-as-ambassador"},"88908614":{"msid":"88908614","stname":"Paytm is shutting down its consumer app in Canada","artsyn":"One97 Communications says the decision was made to focus the efforts of Paytm Labs, the Canada division, on opportunities in India and that it does not expect any job loss from this.","seolocation":"telecomnews\/paytm-is-shutting-down-its-consumer-app-in-canada","seolocationalt":"Paytm is shutting down its consumer app in Canada","url_seo":"paytm-is-shutting-down-its-consumer-app-in-canada"},"88049046":{"msid":"88049046","stname":"Paytm just got its first \u2018Buy\u2019 rating after listing flop","artsyn":"Dolat Capital has set for Paytm a target price of Rs 2,500, which is 16% higher than the issue price of Rs 2,150. The brokerage expects the company to turn profitable by March 2026.","seolocation":"telecomnews\/paytm-just-got-its-first-buy-rating-after-listing-flop","seolocationalt":"Paytm just got its first \u2018Buy\u2019 rating after listing flop","url_seo":"paytm-just-got-its-first-buy-rating-after-listing-flop"},"87977649":{"msid":"87977649","stname":"Paytm in focus again as analysts query CEO on path to profits","artsyn":"Over the weekend, One97 reported losses widened to 4.74 billion rupees in the July-to-September quarter from a year ago amid rising expenses. Revenue rose more than 60% in the same period, boosted by growth in financial, commerce and cloud services.","seolocation":"telecomnews\/paytm-in-focus-again-as-analysts-query-ceo-on-path-to-profits","seolocationalt":"Paytm in focus again as analysts query CEO on path to profits","url_seo":"paytm-in-focus-again-as-analysts-query-ceo-on-path-to-profits"},"87946642":{"msid":"87946642","stname":"India's Paytm Sept net loss widens, says maintains growth momentum","artsyn":"Paytm, reporting its earnings publicly for the first time since this month's stock market debut, reported a consolidated net loss of 4.74 billion rupees ($63.2 million) compared with 4.37 billion rupees in the same period a year earlier.","seolocation":"telecomnews\/indias-paytm-sept-net-loss-widens-says-maintains-growth-momentum","seolocationalt":"India's Paytm Sept net loss widens, says maintains growth momentum","url_seo":"indias-paytm-sept-net-loss-widens-says-maintains-growth-momentum"},"87848419":{"msid":"87848419","stname":"Paytm founder Vijay Shekhar Sharma compares himself to Elon Musk after historic IPO flop","artsyn":"Vijay Shekhar Sharma held a four-hour town hall to rally employees who had watched the company\u2019s stock plummet 27% on Thursday, according to people who had attended. The 43-year-old encouraged them to look past the initial stumble and to focus on the long-term opportunities for bringing digital payments to the country\u2019s fast-growing internet population. One 97 Communications is the parent company for the Paytm service.","seolocation":"telecomnews\/paytm-founder-vijay-shekhar-sharma-compares-himself-to-elon-musk-after-historic-ipo-flop","seolocationalt":"Paytm founder Vijay Shekhar Sharma compares himself to Elon Musk after historic IPO flop","url_seo":"paytm-founder-vijay-shekhar-sharma-compares-himself-to-elon-musk-after-historic-ipo-flop"},"87842123":{"msid":"87842123","stname":"India's Paytm slides for second day after debut debacle","artsyn":"The stock was being traded for 1,417 rupees compared to the offer price of 2,150 rupees.","seolocation":"telecomnews\/indias-paytm-slides-for-second-day-after-debut-debacle","seolocationalt":"India's Paytm slides for second day after debut debacle","url_seo":"indias-paytm-slides-for-second-day-after-debut-debacle"},"87842014":{"msid":"87842014","stname":"Paytm under scrutiny after first-day flop followed record IPO","artsyn":"\u201cThe stock price may not go down significantly since 87% of issue was subscribed by institutional investors, who can always support the price,\u201d said Deven Choksey, a strategist at KRChoksey Investment Managers Pvt.","seolocation":"telecomnews\/paytm-under-scrutiny-after-first-day-flop-followed-record-ipo","seolocationalt":"Paytm under scrutiny after first-day flop followed record IPO","url_seo":"paytm-under-scrutiny-after-first-day-flop-followed-record-ipo"},"87794671":{"msid":"87794671","stname":"Vijay Shekhar Sharma's obsession with creating a record for Paytm IPO led to a bad Day 1","artsyn":"By 11 a.m., Sharma\u2019s long-anticipated coming out party had turned into one of the worst opening days for a blockbuster tech listing since the dot-com bubble. The stock\u2019s 27% plunge surprised even some Paytm pessimists, casting doubt on a record-breaking run for Indian equities and leaving Sharma -- and his underwriters -- to face tough questions about what went wrong with the $2.5 billion fundraising.","seolocation":"telecomnews\/vijay-shekhar-sharmas-obsession-with-creating-a-record-for-paytm-ipo-led-to-a-bad-day-1","seolocationalt":"Vijay Shekhar Sharma's obsession with creating a record for Paytm IPO led to a bad Day 1","url_seo":"vijay-shekhar-sharmas-obsession-with-creating-a-record-for-paytm-ipo-led-to-a-bad-day-1"},"87791415":{"msid":"87791415","stname":"Why did Paytm bomb, when Nykaa didn\u2019t? The proof is in the pie(s)","artsyn":"India\u2019s largest IPO thus far has tanked despite the best efforts of the management, its heavyweight bankers and even some of the blue blooded institutional investors Blackrock, the world\u2019s largest asset manager, CPPIB or the sovereign wealth funds of Abu Dhabi and Singapore who lent their support as anchor investors.","seolocation":"telecomnews\/why-did-paytm-bomb-when-nykaa-didnt-the-proof-is-in-the-pies","seolocationalt":"Why did Paytm bomb, when Nykaa didn\u2019t? The proof is in the pie(s)","url_seo":"why-did-paytm-bomb-when-nykaa-didnt-the-proof-is-in-the-pies"},"87781573":{"msid":"87781573","stname":"Paytm's market cap dips below its $16 billion private valuation on listing","artsyn":"An over 27% plunge in Paytm\u2019s share price upon listing pegged the fintech firm\u2019s market cap at $14.5 billion. That\u2019s less than its IPO valuation of $20 billion and its last private valuation of $16 billion in November 2019.","seolocation":"telecomnews\/paytms-market-cap-dips-below-its-16-billion-private-valuation-on-listing","seolocationalt":"Paytm's market cap dips below its $16 billion private valuation on listing","url_seo":"paytms-market-cap-dips-below-its-16-billion-private-valuation-on-listing"},"87772579":{"msid":"87772579","stname":"Paytm's Sharma goes from 'ineligible' bachelor to billionaire","artsyn":"\"In 2004-05, my father asked me to shut my company and take up a job even if it was for 30,000 rupees,\" Sharma, who went on to found digital payments firm Paytm in 2010, told Reuters.","seolocation":"telecomnews\/paytms-sharma-goes-from-ineligible-bachelor-to-billionaire","seolocationalt":"Paytm's Sharma goes from 'ineligible' bachelor to billionaire","url_seo":"paytms-sharma-goes-from-ineligible-bachelor-to-billionaire"},"87772360":{"msid":"87772360","stname":"Paytm shares plunge 16% below IPO price on listing, market cap shrinks","artsyn":"Shares of Paytm parent One97 Communications fell 16.02% below the IPO price of Rs 2,150, ascribing a market cap of Rs 1.20 lakh crore. Macquarie has initiated coverage of the Paytm stock at \"underperform\" with price target of Rs 1,200.","seolocation":"telecomnews\/paytm-shares-plunge-16-below-ipo-price-on-listing-market-cap-shrinks","seolocationalt":"Paytm shares plunge 16% below IPO price on listing, market cap shrinks","url_seo":"paytm-shares-plunge-16-below-ipo-price-on-listing-market-cap-shrinks"},"87698650":{"msid":"87698650","stname":"Paytm share allocation likely on Nov 16 at Rs 2,150 apiece","artsyn":"Based on the bid received for Paytm's Rs 18,300 crore initial public offer (IPO), the company will list an enterprise valuation of Rs 1,49,428 crore or slightly over $20 billion at an exchange rate of 74.35.","seolocation":"telecomnews\/paytm-share-allocation-likely-on-nov-16-at-rs-2150-apiece","seolocationalt":"Paytm share allocation likely on Nov 16 at Rs 2,150 apiece","url_seo":"paytm-share-allocation-likely-on-nov-16-at-rs-2150-apiece"},"87363419":{"msid":"87363419","stname":"India's biggest IPO yet: Why the biggest gainer is not Paytm founder but investor Alibaba","artsyn":"Data from Paytm's red herring prospectus show that founder Vijay Shekhar Sharma will sell shares worth Rs 402 crore while China-based Alibaba will make Rs 5,488 crore","seolocation":"telecomnews\/indias-biggest-ipo-yet-why-the-biggest-gainer-is-not-paytm-founder-but-investor-alibaba","seolocationalt":"India's biggest IPO yet: Why the biggest gainer is not Paytm founder but investor Alibaba","url_seo":"indias-biggest-ipo-yet-why-the-biggest-gainer-is-not-paytm-founder-but-investor-alibaba"},"87216551":{"msid":"87216551","stname":"Paytm gets Sebi nod for Rs 16,600 crore IPO","artsyn":"According to the draft IPO documents filed by the company, One97 Communications plans to raise Rs 8,300 crore through fresh issue of equity shares and another Rs 8,300 crore through the offer-for-sale (OFS) route.","seolocation":"telecomnews\/paytm-gets-sebi-nod-for-rs-16600cr-ipo","seolocationalt":"Paytm gets Sebi nod for Rs 16,600 crore IPO","url_seo":"paytm-gets-sebi-nod-for-rs-16600cr-ipo"},"86475259":{"msid":"86475259","stname":"Vijay Shekhar Sharma gets new stock options ahead of Paytm IPO","artsyn":"Vijay Shekhar Sharma is getting a significant amount of new stock options in One97 Communications, a move that would increase his stake in the parent company by 2-3% ahead of the $2.2-billion Paytm IPO.","seolocation":"telecomnews\/vijay-shekhar-sharma-gets-new-stock-options-ahead-of-paytm-ipo","seolocationalt":"Vijay Shekhar Sharma gets new stock options ahead of Paytm IPO","url_seo":"vijay-shekhar-sharma-gets-new-stock-options-ahead-of-paytm-ipo"},"84812971":{"msid":"84812971","stname":"Paytm founder to have protective rights after listing","artsyn":"This gives the founder sufficient buffer since he currently owns more than 9% of Paytm. These rights have been included in the new shareholding agreement (SHA) signed between Sharma and Paytm last month.","seolocation":"telecomnews\/paytm-founder-to-have-protective-rights-after-listing","seolocationalt":"Paytm founder to have protective rights after listing","url_seo":"paytm-founder-to-have-protective-rights-after-listing"}}}}" data-news-images="[{"msid":"52290789","msname":"paytm","msnameseo":"paytm","mediatype":"1","artdate":"2016-05-16 13:09:00.0","caption":""}]" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
