On May 30, Sharma bought 1,00,552 shares worth Rs 6.31 crore and on May 31, he bought 71,469 shares worth Rs 4.68 crore.
Tag: Vijay Shekhar Sharma
Paytm launches payment bank with 4% interest on deposits
Digital payments firm Paytm on Tuesday launched its payment bank with 4 % interest rate and cashback on deposits, zero fee on online transactions and no minimum balance requirement, as they seek to attain a target of 500 million people by 2020. The firm is backed by Chinese firm Alibaba[Read More…]
Paytm introduces e-wallet insurance
Digital payments platform Paytm on Tuesday announced a free insurance cover for users of its mobile wallet services against unlawful cash debit from the wallet. Customers using Paytm wallet will be insured up to Rs20,000 or the last amount in the account whichever of the two is lesser. In order[Read More…]
Whole world is tracking Paytm now, says founder Vijay Shekhar Sharma
Paytm founder Vijay Shekhar Sharma exuded confidence in the achievements of his start up in the past year. Speaking at Paytm’s annual party, Sharma said, “We did in one year what others couldn’t do in 10”. However, the founder went a little overboard as he resorted to using expletives in[Read More…]
Mobikwik founder attacks Paytm, says company ‘dumping capital’ to gain customers
Mobikwik founder and chief executive officer Bipin Preet Singh on Tuesday said, Paytm has been “dumping capital” to gain customers even as demonetisation is throwing up opportunities for e-wallets and the competition in the sector is stiffening. Singh launched a scathing attack on the largest player in the sector on[Read More…]
Paytm founder Vijay Shekhar Sharma raises Rs 325 cr, sells 1% stake
Digital payments and commerce platform Paytm’s founder and CEO Vijay Shekhar Sharma has sold 1% of his holding in One97 Communications to raise about Rs 325 crore. This money will be pumped into the group’s proposed payments bank. Sharma has sold the stake to one of the shareholders of One97[Read More…]