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Tag: Vijay Shekhar Sharma

  • Paytm signs up as the official umpire partner for VIVO IPL for the next 5 Years

    Paytm signs up as the official umpire partner for VIVO IPL for the next 5 Years

    MUMBAI: The Board of Control for Cricket in India (BCCI) today announced its association with Paytm as the Official Umpire Partner of the VIVO Indian Premier League for the next five years.  Paytm is also the Title Sponsor of India Cricket. 

    Speaking on the development, Chairman of the IPL, Mr. Rajeev Shukla said, “Paytm are presently the Title Sponsors of India Cricket and the relationship has now been extended to the IPL. Both Paytm and BCCI share a strong bond and we will continue to provide great value to Paytm.”

    Paytm of Founder and CEO, Mr. Vijay Shekhar Sharma said,  “We are delighted to be the IPL Umpire Partner for the next five years. Cricket has been a key element in Paytm’s brand journey and it has worked brilliantly for our young brand. In addition to IPL, we are also the Title sponsor for India cricket for the last few years. We had a great relationship with the BCCI, and our investment in IPL further reaffirms our commitment to this wonderful sport.”

    Paytm offers a wide range of online and offline payment use-cases including mobile recharges,utility bill payments, movie ticketing as well as travel bookings among others. Paytm pioneered QR-based payments in the country, allowing millions of small merchants to accept payments using their smartphones. Paytm QR now enables its merchant partners to accept Paytm & UPI payments directly into their bank accounts at no charges, as it aims at extending its support to all major payments instruments and help them grow their, business. 

  • PayTM’s Vijay Shekhar Sharma to chair IAMAI Payments Banks Group

    PayTM’s Vijay Shekhar Sharma to chair IAMAI Payments Banks Group

    Mumbai: PayTM founder Vijay Shekhar Sharma will chair the newly formed Payments Banks Group at the Internet and Mobile Association of India (IAMAI) while Vodafone India business head (M-Pesa) Suresh Sethi will be the vice-chairman of the group.

    Commenting on the development, Sharma said, “Payments Banks is an innovative model of bringing unbanked population into the formal banking fold. PayTM along with other license holders, would make financial services accessible for every Indian through this innovative route.”

    Currently, 6 out of the 10 payments banks’ primary licensees are IAMAI members. According to President Subho Ray, “the other 4 primary licensees have in principal agreed to join when they are in operation.”

    In addition, IAMAI has more than 50 companies representing PPIs, Wallets, Aggregators, Business Correspondents, and PoS Operators among others as members.

     

  • PayTM’s Vijay Shekhar Sharma to chair IAMAI Payments Banks Group

    PayTM’s Vijay Shekhar Sharma to chair IAMAI Payments Banks Group

    Mumbai: PayTM founder Vijay Shekhar Sharma will chair the newly formed Payments Banks Group at the Internet and Mobile Association of India (IAMAI) while Vodafone India business head (M-Pesa) Suresh Sethi will be the vice-chairman of the group.

    Commenting on the development, Sharma said, “Payments Banks is an innovative model of bringing unbanked population into the formal banking fold. PayTM along with other license holders, would make financial services accessible for every Indian through this innovative route.”

    Currently, 6 out of the 10 payments banks’ primary licensees are IAMAI members. According to President Subho Ray, “the other 4 primary licensees have in principal agreed to join when they are in operation.”

    In addition, IAMAI has more than 50 companies representing PPIs, Wallets, Aggregators, Business Correspondents, and PoS Operators among others as members.

     

  • PVR hopes for Rs 300 crore ticket sales through PayTM in first year

    PVR hopes for Rs 300 crore ticket sales through PayTM in first year

    NEW DELHI: PVR Theatres, which had entered into a strategic tie-up with PayTM  few days ago, hopes to sell tickets worth Rs 300 crore on PayTM’s e-commerce platforms in the first year, besides selling tickets from ticket counters and other channels.

    PVR Joint Managing Director Sanjeev Kumar Bijli told  indiantelevision.com  in an exclusive chat that this was a strategic business tie–up and therefore refused to comment about the monetary portion of the deal.

    The deal was part of PVR’s nationwide foray in the on-line movie ticket segment. There will be a complete 360 effort to publicize the deal on all PVR’s 501 screens. The tie up would be visible on all PVR screens. PayTM is also launching a 360 degree campaign to publiclise the new deal.

    PayTM founder and CEO Vijay Shekhar Sharma, while declining to give any specific figures for the campaign on his company’s deal with PVR  told indiantelevision.com that PayTM had spent Rs 1,670 crore on marketing in the previous year. He said that PVR would itself handle the marketing on its screens and PayTM would handle it outside.

    Asked how PayTM would be different from the PVR App or bookmyshow.com,Sharma said that there would be less clicks for booking a ticket and there wouldbe cash backs on every booking along with loyalty premiums. At a later stage, snacks during intervial could also come through PayTM, thus reducing huge queues.

    He also said that PayTM had 125 million (12.5 crore) registered users andhandled 90 million  (9 crore) orders per month and it would benefit from this tie-up, with PVR getting a different clientele than that normally queues online or offline for cinema tickets.

    Earlier this week at a press meet during which the tieup was announced,Sharma had described the PVR chain as the most marquee brand to tie-up with PayTM.

    Answering a question, Sharma had said that around 3.5 million (35 lakh) tickets are sold online daily in China, and there should be no reason for Indians not following suit.

    PVR’s Bijli said the new tie-up also included trailers of the films to be released in two or three months on the PayTM app, thus covering films that were running and those still to be released. This would help the viewer to decide on the film that should be seen.

    PVR chief of strategy Kamal Gianchandani said that the aim was to take online bookings up to sixty per cent. At present, around one-third of the buyers take their tickets online. When asked about whether any seats were kept out of the ambit of online bookings, he said these number was less than ten for any last minute bookings and are opened half hour before the show.

    PayTM is the first e-commerce site to add cinema booking as a category,Gianchandani said, adding that this would add to the user experience for the ease in booking tickets.

  • PVR hopes for Rs 300 crore ticket sales through PayTM in first year

    PVR hopes for Rs 300 crore ticket sales through PayTM in first year

    NEW DELHI: PVR Theatres, which had entered into a strategic tie-up with PayTM  few days ago, hopes to sell tickets worth Rs 300 crore on PayTM’s e-commerce platforms in the first year, besides selling tickets from ticket counters and other channels.

    PVR Joint Managing Director Sanjeev Kumar Bijli told  indiantelevision.com  in an exclusive chat that this was a strategic business tie–up and therefore refused to comment about the monetary portion of the deal.

    The deal was part of PVR’s nationwide foray in the on-line movie ticket segment. There will be a complete 360 effort to publicize the deal on all PVR’s 501 screens. The tie up would be visible on all PVR screens. PayTM is also launching a 360 degree campaign to publiclise the new deal.

    PayTM founder and CEO Vijay Shekhar Sharma, while declining to give any specific figures for the campaign on his company’s deal with PVR  told indiantelevision.com that PayTM had spent Rs 1,670 crore on marketing in the previous year. He said that PVR would itself handle the marketing on its screens and PayTM would handle it outside.

    Asked how PayTM would be different from the PVR App or bookmyshow.com,Sharma said that there would be less clicks for booking a ticket and there wouldbe cash backs on every booking along with loyalty premiums. At a later stage, snacks during intervial could also come through PayTM, thus reducing huge queues.

    He also said that PayTM had 125 million (12.5 crore) registered users andhandled 90 million  (9 crore) orders per month and it would benefit from this tie-up, with PVR getting a different clientele than that normally queues online or offline for cinema tickets.

    Earlier this week at a press meet during which the tieup was announced,Sharma had described the PVR chain as the most marquee brand to tie-up with PayTM.

    Answering a question, Sharma had said that around 3.5 million (35 lakh) tickets are sold online daily in China, and there should be no reason for Indians not following suit.

    PVR’s Bijli said the new tie-up also included trailers of the films to be released in two or three months on the PayTM app, thus covering films that were running and those still to be released. This would help the viewer to decide on the film that should be seen.

    PVR chief of strategy Kamal Gianchandani said that the aim was to take online bookings up to sixty per cent. At present, around one-third of the buyers take their tickets online. When asked about whether any seats were kept out of the ambit of online bookings, he said these number was less than ten for any last minute bookings and are opened half hour before the show.

    PayTM is the first e-commerce site to add cinema booking as a category,Gianchandani said, adding that this would add to the user experience for the ease in booking tickets.

  • Paytm appoints Alibaba’s Bhushan Patil as new president

    Paytm appoints Alibaba’s Bhushan Patil as new president

    MUMBAI: Paytm, mobile payment and commerce platform, has appointed Bhushan Patil as its new president. Patil will focus on building the company’s cross border commerce. Paytm’s Indian business aims to sell $2 billion worth of products in 2016 and is looking at growing its sellers to 5 lakh from 1.7 lakh currently. Paytm has a current user base of more than 12.5 crore, and is on a mission to bring about 50 crore Indians to the mainstream economy using mobile payment, commerce and soon-to-be launched payment banking services. Through the hiring, the company also aims at expanding outside India

    Patil has served for over five years and held the position of head of wholesale business at Alibaba Holdings group (the Chinese online e-Commerce giant alibaba.com). As a major accomplishment Patil has incepted, led and launched B2B Trade-Trust products across 50 countries in Asia, Europe and America and was instrumental for developing new India plans for Alibaba.com’s B2B business.

    “It is indeed an honour to be a part of the Paytm vision and strategy, both towards national cashless economy, and the plan to take Paytm overseas. I’m thrilled to come on board at one of the fastest scaling payments and commerce platforms in the country and look forward to a mutually successful tenure at Paytm,” said Patil.

    Talking about the new appointment, Paytm CEO and founder Vijay Shekhar Sharma said, “We want to offer Indian merchants a compelling commerce platform and Bhushan brings incredible experience of building cross border commerce. It will help Indian merchants to sell globally too. As Paytm continues to grow at an exponential pace, it is important for Paytm to expand its operations outside India for further development. We welcome him to be a part of Paytm’s go big, go global strategy”.

     

  • Paytm appoints Alibaba’s Bhushan Patil as new president

    Paytm appoints Alibaba’s Bhushan Patil as new president

    MUMBAI: Paytm, mobile payment and commerce platform, has appointed Bhushan Patil as its new president. Patil will focus on building the company’s cross border commerce. Paytm’s Indian business aims to sell $2 billion worth of products in 2016 and is looking at growing its sellers to 5 lakh from 1.7 lakh currently. Paytm has a current user base of more than 12.5 crore, and is on a mission to bring about 50 crore Indians to the mainstream economy using mobile payment, commerce and soon-to-be launched payment banking services. Through the hiring, the company also aims at expanding outside India

    Patil has served for over five years and held the position of head of wholesale business at Alibaba Holdings group (the Chinese online e-Commerce giant alibaba.com). As a major accomplishment Patil has incepted, led and launched B2B Trade-Trust products across 50 countries in Asia, Europe and America and was instrumental for developing new India plans for Alibaba.com’s B2B business.

    “It is indeed an honour to be a part of the Paytm vision and strategy, both towards national cashless economy, and the plan to take Paytm overseas. I’m thrilled to come on board at one of the fastest scaling payments and commerce platforms in the country and look forward to a mutually successful tenure at Paytm,” said Patil.

    Talking about the new appointment, Paytm CEO and founder Vijay Shekhar Sharma said, “We want to offer Indian merchants a compelling commerce platform and Bhushan brings incredible experience of building cross border commerce. It will help Indian merchants to sell globally too. As Paytm continues to grow at an exponential pace, it is important for Paytm to expand its operations outside India for further development. We welcome him to be a part of Paytm’s go big, go global strategy”.

     

  • NDTV’s Gadgets 360° secures investment from Paytm’s parent co

    NDTV’s Gadgets 360° secures investment from Paytm’s parent co

    MUMBAI: One97 Communications, owner of consumer brand Paytm, has invested in NDTV’s e-commerce venture Gadgets 360°. 

     

    Additionally, NDTV has also appointed Bhawna Agarwal as CEO of Gadgets 360°.

     

    “NDTV Gadgets has always been the most credible go-to-destination for all gadget enthusiasts in India and it is very exciting to see them move to a transactional model with Gadgets 360°. We are looking forward to partnering them in this journey and creating a compelling market-place experience which marries content, curation and commerce,” said One97 & Paytm founder Vijay Shekhar Sharma.

     

    Gadgets 360° has raised funding at a valuation of close to $50 million. Other investors include Inflexionpoint co-founder John Scully, Genpact founder Pramod Bhasin, Sixth Sense Ventures founder Nikhil Vora, former Unilever chairman Vindi Banga and M&S Partners founder and director Hiro Mashita.

     

    Sixth Sense Ventures founder & CEO Nikhil Vora said, “I am most excited to be investing in Gadgets 360°, which has a unique model of being the only curated launch platform for all gadgets. With over 3,000 gadgets launched every year in India, I believe that there is a case for a credible platform to become the brand, which we see in the form of Gadgets 360°.” 

     

    NDTV Convergence chief technology officer Kawaljit Singh Bedi said, “I am personally very excited to have such great investors in Gadgets 360° and to leverage their experience in building this into a large and meaningful business in India and globally. The investors have been pioneers in their field and with their incredible knowledge of building big businesses, they will be crucial for our success.”

     

    The company’s new CEO Agarwal has over 16 years of experience in leading start-ups of the country. She has been instrumental in setting and scaling up brands such as Yatra.com, Seventymm among others. She has been associated with Luxury Retail in the past and is also on the advisory boards of OYO Rooms, Venture Fund among others.

     

    “NDTV Gadgets is a very popular and well respected platform amongst gadget lovers in India and is at a very interesting stage from where it can scale up very well. The new platform will be the game changer for the category and I am very excited to be a part of this journey to help take the category to the next level,” added Agarwal.

     

    NDTV Group CEO Vikram Chandra said, “Gadgets has become one of the most exciting areas of expansion for the NDTV Group. We had built a powerful brand connect in this thanks to our digital platform NDTVGadgets.com and our TV programming, with popular shows like Gadget Guru and Cell Guru. I am delighted to welcome Paytm and Vijay Shekhar Sharma, as an investor in Gadgets 360°.”