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Samsung partners with Paytm to bring travel, entertainment services to Samsung Wallet
Economic Times
·
1y ago
Medial
Samsung has collaborated with Paytm to offer flight, bus, movie, and event ticket bookings directly through the Samsung Wallet. This partnership aims to enhance user convenience by providing a seamless booking experience within the Samsung Wallet. Users can purchase tickets without switching between multiple apps by utilizing the 'Add to Samsung Wallet' feature. They can easily access their tickets when entering airports, bus terminals, cinemas, and event venues. To access these services, users need to update their apps through the Galaxy Store.
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Paytm ties up with Skyscanner, Google Flights, Wego
Economic Times
·
1y ago
Medial
Paytm, the Indian fintech firm, has partnered with global travel aggregators Skyscanner, Google Flights, and Wego to increase its market share in the online travel industry. The move comes as Paytm reported a rise in total flight bookings for the company in the first quarter of the year. Paytm has also recently partnered with Samsung for offering various bookings through Samsung Wallet. The company is aiming to diversify its revenue streams after being barred by the Reserve Bank of India from accepting new deposits and providing banking services. Paytm has been expanding its distribution capability and adding new carriers to its platform.
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Paytm Gains Over 6% After Partnership With Samsung
Inc42
·
1y ago
Medial
Paytm's shares on the BSE are trading at INR 428.20, a 6.3% increase from the previous close of INR 402.6. Paytm has partnered with Samsung to integrate its services into the Samsung Wallet, allowing Galaxy smartphone users to access features like flight, bus, movie, and event bookings. Users can conveniently add their tickets to Samsung Wallet using the 'Add to Samsung Wallet' option.
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Paytm partners with travel tech firm Amadeus to offer ticket booking, payment options
Economic Times
·
1y ago
Medial
Paytm has partnered with travel technology firm Amadeus to offer ticket booking and payment options. This collaboration will enable Paytm users to book domestic and international flight tickets, hotels, and bus tickets through the Paytm app. They will also be able to make payments using various payment options including Paytm Wallet, Paytm UPI, and net banking.
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Paytm denies report of selling wallet business to Jio Financial Services, HDFC Bank
Inc42
·
1y ago
Medial
Paytm has denied reports of selling its wallet business to Jio Financial Services and HDFC Bank. Speculation arose after a report claimed that Paytm was in talks to sell its wallet business due to regulatory pressure from the Reserve Bank of India. However, a source at Paytm dismissed the report as speculation. Last week, RBI imposed restrictions on Paytm's payments bank, causing concern among merchants and customers. Paytm's shares were heavily sold, resulting in a lower circuit limit.
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Make Payments Without PIN: Paytm To Focus On UPI Lite Wallet For Low-Value Transactions
Inc42
·
1y ago
Medial
Fintech major Paytm is focusing on its UPI Lite wallet feature to cater to users who prefer wallets for low-value transactions. Paytm's UPI Lite enables secure and fast transactions without the need for a PIN. Users can add up to INR 2,000 to their wallet twice a day, with a total daily limit of INR 4,000. This streamlined approach benefits users making small payments for groceries, parking tickets, and daily commute fares. Paytm is committed to growing the UPI ecosystem in partnership with NPCI. The Reserve Bank of India has prohibited Paytm Payments Bank from offering incremental banking services.
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Jio Financial says not in talks to acquire Paytm's wallet business | TechCrunch
TechCrunch
·
1y ago
Medial
Reliance Industries' subsidiary, Jio Financial Services, has denied reports that it is in talks to acquire Paytm's wallet business following the Reserve Bank of India's crackdown on the fintech firm's payments bank. Last week, the central bank prohibited Paytm Payments Bank from offering several services, prompting speculation that a deal with Jio Financial Services was on the cards. Paytm shares rose 5.5% on the back of the news.
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80-85% Paytm wallet users not to face disruption: RBI Governor Shaktikanta Das
Inshorts
·
1y ago
Medial
RBI Governor Shaktikanta Das on Wednesday said that 80-85% Paytm wallet users will not face any disruption because of regulatory actions, and the remaining users have been advised to link their wallets to other banks. The deadline for linking the wallet attached with Paytm Payments Bank Ltd with other banks has been fixed for March 15.
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Get QR code from another bank: RBI to merchants on Paytm Bank deadline
Inshorts
·
1y ago
Medial
RBI on Friday asked merchants, who are Paytm Payments Bank customers, to obtain new QR codes linked to an account with another bank or wallet. "After March 15...you'll not be able to receive any credit into your bank account or wallet with Paytm Payments Bank," RBI told merchants. Refunds, cashbacks, sweep-in from partner banks or interest will still be permitted.
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Mint Explainer: Zomato’s Paytm deal and its big bet on entertainment
Livemint
·
11m ago
Medial
Zomato is set to expand beyond food delivery and enter the entertainment and ticketing market with the acquisition of Paytm's entertainment and ticketing business. The new venture, called 'District', will focus on movie and event ticketing, live performances, and sports. Zomato plans to launch District as a separate brand and app, aiming to position it as the go-to platform for consumers when planning a night out. The acquisition will provide Zomato with access to Paytm's customer base and experienced employees in the entertainment sector. Analysts believe the move will boost Zomato's revenue and allow it to capture a higher wallet share from urban customers. Meanwhile, the sale will help Paytm focus on its core business after facing customer losses due to regulatory issues.
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Paytm To Sell Ticketing Business To Zomato For INR 2,048 Cr
Inc42
·
11m ago
Medial
Paytm's entertainment ticketing business will transfer nearly 280 employees to Zomato, allowing Paytm to concentrate on its core payments and financial services distribution business. This move comes after initial talks between Paytm and Zomato two months ago.
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