One97

Describing the RBI order that has imposed restrictions on Paytm Payments Bank as a big speed bump, Paytm & One97 CEO Vijay Shekhar Sharma has tried to assure users that the digital payments and services app will continue to operate without disruption beyond February 29…

One97 Communications Limited (OCL), that owns leading payments and financial services company Paytm, on Friday announced the launch of its new technology platform that is built with 100 per cent indigenous developed technology.With this, the company said it has taken another step towards 'Atmanirbhar Bharat' to promote digital payments in the country.A"By making sure that every component of our technology is made in-house, we have proved that India can build world-class technology software of scale," said Vijay Shekhar…

Paytm parent One 97 Communications' shares fell as much as 10 percent to their lowest since May after Reuters reported that SoftBank will sell shares worth up to $215 million (roughly Rs. 1,755 crore) in the Indian e-payment platform. SoftBank is selling a 4.5 percent stake in Indian e-payments giant Paytm's parent One 97 Communications worth up to $215 million through a block deal, according to a term sheet reviewed by Reuters.SoftBank's Vision Fund is the second-largest shareholder of Paytm, whose shares have tumbled…