MobiKwik invests in Pivotchain for fintech offerings
Sunday, June 17, 2018, 8:51 PM
Mobile wallet company Mobikwik today said it has invested Rs 2 crore in Pune-based data science company, Pivotchain Solutions. Founded in 2017 by Deepak Rao and Yogendra Pratap Singh, Pivotchain Solutions is a predictive analytics firm with expertise in machine learning and artificial intelligence and has built exclusive AI and deep learning models for Mobikwik.
Paytm presses the refresh button to take on its rivals
Monday, April 2, 2018, 9:22 AM
Paytm has tweaked its apps user experience and brought multiple payment methods, including bank-to-bank transactions under its Money Transfers option, as it seeks to overpower WhatsApp and Googles payment businesses in the country. Paytm has budgeted Rs 250 crore to promote money transfers and expects transactions under this to account for one-third of total transactions by the end of the year.
Mobile payment companies want one wallet that opens for all
Monday, March 12, 2018, 9:26 AM
Looking for new avenues of revenue generation and growth, the mobile wallet industry wants to be able to access merchant payments on an interoperable framework and merchant discount rates to be made applicable to them as well. The industry raised these and other points for the overall growth of the digital-payments-ecosystem in a note submitted to the RBI last week, according to the source.