#digitalpaymentindia

Alibaba sells over half of its stake in Paytm after selling shares in BigBasket and Zomato, rumoured to be exiting India

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Paytm’s stocks on Thursday saw a sharp downside movement after a block deal that took place where 259,930 shares were sold. The shares were sold at Rs 535.90 worth Rs 13.93 crore. Sources have confirmed that Chinese group Alibaba is behind the block deal, thereby selling about 3.1 per cent of its total equity of … Read more

India’s digital payments market will grow to USD 10 trillion by 2026: Report by Boston Consulting Group and PhonePe

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In a country witnessing rapid growth, it comes as no surprise that India also has one of the fastest-growing fintech landscapes in the world, driven primarily by the advancement in digital payments segment. A recent report by PhonePe and Boston Consulting Group concluded that India’s digital payments market will more than triple from USD 3 … Read more