Alibaba builds position in India’s Paytm – report

China’s Alibaba is in “advanced talks” to buy a stake in India m-commerce firm Paytm, as the country’s mobile payments market looks set for rapid expansion. According to Reuters, the deal would see Alibaba directly invest about $600 million in …

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Alibaba affiliate buys into one of India’s mobile payment leaders

Ant Financial Services Group, an Alibaba affiliate, closed a deal for a 25 per cent stake in India firm One97 Communications, as it looks to tap into the country’s huge potential for mobile and online payments. One97 is the owner …

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Airtel, Vodafone eye bids for Indian banking licences

India’s mobile operators are expected to be among those submitting applications next week (2 February) to become so-called payments banks. The new type of bank, which can cash-in, cash-out plus handle money transfers, are intended to lure in those users …

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Alibaba leads investment in Indian m-pay firm — report

Alibaba and its Alipay unit are in negotiations to acquire a 30 to 40 per cent stake in One97 Communications, the Indian owner of a leading m-commerce platform called Paytm,  according to Reuters. This price would be about $550 million. …

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