News stories featuring One97 Communications:
November 23rd, 2016
The Reserve Bank of India (RBI) has increased the limit of money that can be kept in a mobile wallet to Rs 20,000 (US$291) from Rs 10,000 (US$145.5) following the withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes. “The total value of reloads during any given month shall also not exceed Rs 20,000,” RBI says in a circular. The measures will be applicable until 30 December 2016, subject to review. One97 Communications, owner of mobile payment platform Paytm, asked RBI to increase the limit to Rs 25,000 (US$364) in July this year.
September 29th, 2015
Chinese e-commerce giant Alibaba and its affiliate Ant Financial are to make a “strategic investment” believed to be worth some US$680m in Indian mobile payment platform Paytm through an agreement with its parent company One97 Communications….
July 17th, 2015
One97 Communications, owner of mobile payment platform Paytm, has asked Reserve Bank of India (RBI) to increase the limit on money that can be kept in a mobile wallet to Rs 25,000 (US$393) from Rs 10,000 (US$157). “One97 Communications, which has investment from the Alibaba group, is also building a mobile marketplace and aims to have half a billion Indians on the Paytm platform before 2020,” Times of India reports.
January 15th, 2015
Alibaba is in advanced talks to buy an approximately US$500 million stake in One97 Communications, the parent company of Indian mobile payment platform Paytm. “Both Alibaba Group Holding’s e-commerce arm and its online payments unit Alipay are set to participate in the transaction, which will conclude later this month,” the Financial Times reports. When NFC World+ contacted Alibaba for information the e-commerce giant said it has “no comment to offer on this matter”.
Feed for stories featuring One97 Communications.
• Find a list of all the companies and other organisations that have been featured in NFC World in our directory.