large scale image
LCP Image

Back to TSCFM News

Paytm in talks with payment gateways for merger

June 14, 2021

Paytm in talks with payment gateways for merger
Initial public offering bound Fintech major Paytm is supposed to be in exploratory talks with three payment gateway firms for a possible acquisition, consolidation or getting a substantial stake, reports Economic Times.
Vijay Shekhar Sharma led organization is supposed to be drawing in with BillDesk, PayU, and Infibeam Avenues when it is additionally gearing for a $3 billion first sale of stock (IPO) on the Indian bourses in the coming months which could value the firm at $25 to $30 billion.
It ought to be noted however that Paytm’s representative has said that neither Paytm nor any of its group companies are investigating any “deal/arrangement/investments” with the solid players.
Softbank Group and Alibaba-sponsored Paytm additionally have their own payment gateway, be that as it may, the organizations referenced above alongside Razorpay are all around settled in the environment and have particular organizations.

Additionally, the payment gateway market in India could develop at 15% year on year to grow to a size of $100 billion by 2025, thus offering a big opportunity.

Important Links:

Recommended for you ...

Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services
Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services

February 12, 2024

Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices
Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices

February 12, 2024

Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices
Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices

February 12, 2024

Enquire Now
REQUEST A CALLBACK
Chat on WhatsApp