Paypay

Paytm sells stake in Japan

Paytm sells stake in Japan's PayPay to SoftBank for Rs 2364 crore

07 Dec 2024, 23:38 PM

One97 Communications Singapore (Paytm Singapore), has approved sale of stock acquisition rights (SARs) held in PayPay Corporation for Rs 2,364 crore.

Paytm board approves stake sale in Japanese payments firm PayPay

Paytm board approves stake sale in Japanese payments firm PayPay

07 Dec 2024, 02:19 AM

Paytm entered the Japanese market in 2018 through a partnership with PayPay Corporation, a joint venture between SoftBank and Yahoo Japan.

Fintech Highlights

  1. RBI imposes Rs 21 lakh penalty on PhonePe for compliance lapses

  2. PhonePe rolls out ESOP buyback of Rs 700-800 crore ahead of IPO

  3. CoinDCX sees more top-level executive exits

  4. Avanse net profit jumps 47% to Rs 502 crore in FY25

  5. PhonePe, SIDBI team up to digitize Udyam Assist registration for micro enterprises
  6. Read more news...

AI/Emerging Tech

  1. OpenAI set for restructure under non-binding deal with Microsoft

  2. Mistral AI attracts $2 billion in Series C led by ASML

  3. Cognition AI raises $400 million in new funding led by Founders Fund

  4. Former Scale AI executive founded AI startup Isotopes AI bags $20 million in seed funding

  5. OpenAI acqui-hires Xcode coding assistant Alex
  6. Read more news...

Money & Machines

  1. What India's Gaming Ban Reveals About UPI; Why RBI wants AI to Fix Finance

  2. Journalism was already dying — AI wasn't the culprit

  3. IRCTC enters payments where giants bleed; RIP of RIP in AI

  4. Fintech founders shaping policy; India on AI map?

Editor's Pick

  1. Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality