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Paytm trials sound wave-based mobile payments
Paytm is working on a new way to make mobile payments in stores using smartphones. The method they are trialling is called ‘Sound Pay’ and it uses ultrasonic sound waves to transfer money. A new icon will be added to the Paytm app called Sound Pay. Clicking on the icon will emit an ultrasonic sound wave that will [...]
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Alibaba invest $680 million in Paytm
Alibaba Group has made a strategic investment of $680 million in One97 Communications, the parent company of Paytm. Alibaba now becomes a new investor in the Indian online payment and e-commerce firm. Two people aware of the details say that the Alibaba will pick up about 20% stake “through a fresh issue of shares by investing about $680 [...]
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