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Paytm leads in UPI usage, Google Pay & PhonePe follow

Monday, February 11, 2019, 10:22 AM

Paytm led in Unified Payments Interface (UPI) transactions in January, closely followed by Google Pay and PhonePe, according to people with knowledge of the matter. As UPI gains further ground, the field is turning competitive Paytm clocked more than 221 million transactions, while Google Pay and PhonePe were at about 220 million each, said the source.
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Paytm Now Lets You Book a Hotel Through Its Platform

Wednesday, January 30, 2019, 3:08 PM

Paytm on Wednesday forayed into hotel bookings and announced the acquisition of NightStay, a luxury hotel-booking platform that offers deals on last-minute bookings. The digital payments brand owned by One97 Communications is set to invest Rs. 500 crores to scale up its operations and expand the hotel-booking portfolio, according to the press statement.
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Paytm may enter two more developed markets in 2019, says CFO at Davos

Thursday, January 24, 2019, 7:46 PM

Digital payments company Paytm is considering foraying into 1-2 more developed markets in 2019, Chief Financial Officer Madhur Deora said on Wednesday at the World Economic Forum in Davos. Paytm has already found its footing in Canada and Japan, and several commerce and financial services verticals of the company have begun to churn out revenue and profits, Deora told the Reuters Global Markets Forum.

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