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Paytm Gets $1B of New Funding from Softbank and Others

India’s digital payments company Paytm said it got new funding from its shareholders but also some new investors. SoftBank Group Corp.’s Vision Fund, Ant Financial and Discovery Capital will, therefore, together with new investors advised by T. Rowe Price Group Inc. fund Paytm to get it in front of its competitors as the country’s finance sector is slightly beginning to grill.From Ant Financial they said they have been searching for investment opportunities in Southeast Asia in order to...

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Google Pay to Accept Biometric Confirmations for Payments

Is what is seen by many as an innovation that will spark a revolution in the electronic commerce industry, Google Pay will now accept biometric security confirmations instead of the usual PIN code that people are already used to on the platform.Google Pay is formerly known as the Tez App which has already made its niche in the payments industry in terms of processing of transactions for users. SMS notifications on all transactions done within the Google Pay app recently became available and...

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SoftBank Founder Ritesh Agarwal Investing $700M in Oyo’s New $1.5B Financing Round

Ritesh Agarwal, SoftBank Group Corp. founder, Oyo Hotels and Homes said his company is raising $1.5 billion from investors because the India accommodating company startup wants to evolve to foreign markets as are the U.S. and Europe.Agarwal said he will be spending more than $700 million to buy new shares in the company as part of a said before $2 billion plan in order to make his ownership stake worth more than three times. Also, other investors are SoftBank’s Vision Fund, Lightspeed Venture...

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