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Paytm Crisis: Can Founder Vijay Shekhar Sharma Still Save the Fintech Major?

Paytm Founder Vijay Shekhar Sharma is back in the trenches after RBI’s recent action left him without a banking platform. There are still some opportunities, but he will have to move swiftly to grab them

India: Paytm founder to invest in insurance business from IPO proceeds

India: Paytm founder to invest in insurance business from IPO proceeds
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Why Paytm needs a partner

Why Paytm needs a partner Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch We ll soon meet in your inbox. / Morning Dispatch Raheja QBE General Insurance Company for a year, is now looking for a partner for its general insurance business in the hope that this will speed up regulatory approvals. Also in this letter: CoinDCX in talks to raise $100-120 million Delhi High Court gives Twitter last chance to comply Paytm’s looking for a match Paytm is in the midst of sorting out its IPO, having filed its draft prospectus with markets regulator Sebi earlier this month. But that’s just one of the many moving parts the company is dealing with.

Paytm hives off payment gateway business into separate entity

Paytm hives off payment gateway business into separate entity January 18, 2021 Paytm has hived off its payment gateway business into a separate entity, Paytm Payments Gateway Service Pvt Ltd, and has infused ₹100 crore worth of equity capital into the new entity, Entrackr reported. Paytm Payments Gateway mainly caters to corporate or institutional clients and provides online gateway services, unlike Paytm’s other arms which are consumer facing. A senior official at Paytm confirmed the development to MediaNama but declined to comment. MediaNama could not independently verify the development through public documents from the Ministry of Corporate Affairs as access to the website was not available at the time of publication.

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