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Paytm appoints Alibaba's Bhushan Patil as new president

MUMBAI: Paytm, mobile payment and commerce platform, has appointed Bhushan Patil as its new president. Patil will focus on building the company’s cross border commerce. Paytm’s Indian business aims to sell $2 billion worth of products in 2016 and is looking at growing its sellers to 5 lakh from 1.7...

iWorld e-commerce
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Smartphone becomes popular payment wallet in India: Nielsen

MUMBAI There is no denying the fact that the smartphone has become an incredibly powerful tool of information, content and entertainment. And now it is rapidly growing to become a wallet, especially in India, with Paytm having the highest penetration as of December 2015 as per a Nielsen report.

iWorld e-commerce
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E-Commerce giants dish out exclusive offers this Leap Year

MUMBAI: Even as e-commerce giants lure customers via various discount offers throughout the year, this leap year the companies have found yet another reason to attract more shoppers.  With an extra day added to this year in 29 February, e-commerce sites are poised to take advantage in order to...

iWorld e-commerce
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India-Sri Lanka T20 game on Star Sports sets 5-year viewership benchmark

MUMBAI: The second game of the PayTM T20 India vs. Sri Lanka series, broadcast on the Star Sports network, has become the highest-rated T20 international in the past five years. The match, won comprehensively by India, rated 256 TVM, according to BARC Panel CS4+ Urban calculations, surpassing the...

Television TV Channels Sports
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Paytm hires ITC’s Varun Khullar as head of partnerships - payments bank

MUMBAI: Paytm has hired former ITC executive Varun Khullar for its payments bank business.    Khullar will lead the partnerships division and will be responsible for building relationships with potential partners such as insurance companies, banks and non-banking financial institutions.

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