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Synopsis This was revealed in a regulatory filing on Wednesday by SoftBank, which owns around 20% stake in One97 Communications, the parent entity of Paytm ETtech Digital payments platform Paytm is likely to get about 7% stake in Japan’s PayPay, two years after the Noida-based company was given a call option to convert its holding into shares. This was revealed in a regulatory filing on Wednesday by SoftBank, which owns around 20% stake in One97 Communications, the parent entity of Paytm. PayPay is a QR code-based payments business and is a joint venture between SoftBank and Yahoo Japan, wi...

ETtech Illustration: Rahul Awasthi Indian banks enforced “informal restrictions” on cryptocurrency trading after concerns surfaced around money laundering at Indian crypto exchanges, the Dogecoin frenzy among investors and following an aggressive marketing push through repeated TV ads during the Indian Premier League (IPL), multiple industry sources said. Since early this month, leading banks – notably private sector lenders ICICI Bank and IndusInd Bank – have asked payment gateway partners to stop processing such transactions. Others such as HDFC Bank, Yes Bank, State Bank of India...

SpaceX to be paid in Dogecoin for lunar payload SECTIONS Last Updated: May 09, 2021, 11:16 PM IST Share Synopsis This is the first transaction in which Doge, a token founded in 2013 as a joke, will be used for something beyond tipping and raising small amounts of money ETtech (File Photo) SpaceX SN15 starship prototype liftoffs from the company's starship facility in Boca Chica, Texas, U.S. May 5, 2021. REUTERS/Gene Blevins SpaceX will carry a commercial payload to the moon on its Falcon 9 rocket and be paid entirely in the cryptocurrency Dogecoin. Geometric Energy Corporation announced throu...

We'll soon meet in your inbox. Please wait... BharatPe supports the credit requirements of its merchant partners. Having facilitated disbursals of over Rs 1,600 crore to more than 2 lakh merchants since the launch of the lending vertical, BharatPe aims to disburse Rs 14,000 crore in business loans by March 2023. "We are committed to bridge the credit gap for SMEs (small and medium enterprises) and small merchants in the country,” Suhail Sameer, group president at BharatPe, said Monday. “We have considerably ramped up our lending business in the last year and have set an ambitious target o...

We'll soon meet in your inbox. Please wait... On May 7, a notification issued by chief secretary P Ravi Kumar had permitted “delivery of all items through e-commerce and home delivery.” It was unclear what led to the revised notification on Sunday. When contacted, Karnataka government officials said they were unaware of the reason for the change, hours before the lockdown took effect on Monday morning. Sources told ET that chief minister BS Yediyurappa had received calls from senior leaders in Delhi asking him to tighten the restrictions in view of a rapid rise in Karnataka's caseload. Se...