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Mobile payments firms in India are now scrambling to make money

Mobile payments firms in India are now scrambling to make money Vijay Shekhar Sharma, founder and chief executive of India’s most valuable startup, Paytm, posed an existential question in a recent press conference. “What do you think of the commercial model for digital mobile payments. How do we make money?” Sharma asked Nandan Nilekani, one […]

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India’s payments firm MobiKwik kick-starts its international ambitions with cross-border mobile top-ups

India’s payments firm MobiKwik kick-starts its international ambitions with cross-border mobile top-ups MobiKwik, a mobile wallet app in India that has expanded to add several financial services in recent years, said today it plans to enter international markets as it approaches profitability with the local operation. The company is kick-starting its overseas ambitions with cross-border […]

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Under-the-radar payments app True Balance just clocked $100M in GMV in India

Under-the-radar payments app True Balance just clocked 0M in GMV in India Away from the limelight of urban cities, where an increasingly growing number of firms are fighting for a piece of India’s digital payments market, a South Korean startup’s app is quietly helping millions of Indians pay digitally and enjoy many financial services for […]

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SoftBank’s move into new services continues with plan for a payment service in Japan

SoftBank’s move into new services continues with plan for a payment service in Japan SoftBank is best known in Japan as a mobile operator but the company, which is behind the near-$100 billion Vision Fund, is increasingly getting into other types of consumer services in its homeland. The Japanese firm last month launched a parking […]

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India’s MobiKwik is raising new funding at $1B valuation to battle payment rival Paytm

India’s MobiKwik is raising new funding at B valuation to battle payment rival Paytm  With high-profile investments from Alibaba and SoftBank fueling an impressive growth story since demonetization last year, you could be forgiven for thinking that Paytm has India’s payments market sewn up. But at least one company will agree to differ on that. […]

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