Paytm
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Business
SoftBank Continues Selldown Trend, Trims 2% Stake in India’s Paytm
SoftBank Group has divested an additional 2% of its stake in Paytm, extending the trend of selldowns in the Indian digital payments firm. This move follows recent exits by Warren Buffett’s Berkshire Hathaway and Alibaba Group. As of January 20, SoftBank now holds a 5.06% stake in Paytm. Details about the deal value and the buyers remain undisclosed. Over the…
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Business
58% of Consumers have Reduced Cash Transactions Since the Pandemic: Digipay CuES 2023
Mumbai : Hansa Research’s 2023 DigiPay CuES Survey, reveals ‘Easy to Use’ and ‘Instant Payment’ as the key benefits consumers cite for using Mobile Payment Apps, propelling growth for payment platforms. Cash which has been the world’s foundation for centuries, is leaning towards redundancy, with more than half (58%) of the consumers surveyed stating a reduction in their cash spend, especially…
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