Secret Deal? Paytm Buys Bengaluru Startup Amidst Payments Bank Crisis

Paytm’s Strategic Move Amidst Payments Bank Crisis

[{"selector":"#anim-c891935e-599d-436b-9ed9-49a0a19f7a19 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-17.730496453900713%, -10.425161659194966%) scale(1.3546099290780143)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-5654f308-7c40-4778-b58a-748209219b75","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9aaa9038-8c2e-4792-acf2-ff02c5e6facc","keyframes":{"transform":["translate3d(0px, 200.23393%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Paytm to acquire e-commerce startup Bitsila, enhancing its reach within the digital commerce space.

[{"selector":"#anim-0d6a99cd-38c2-4dd9-b174-d4d76b632680 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-0.3315537948864069%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e03a4c06-e93e-4146-b13a-ad73543acf7d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9bf42508-7265-48ef-bfdc-5bc0210aedf7","keyframes":{"transform":["translate3d(0px, 161.20531%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Bitsila: A Bengaluru-based startup pioneering seller-side transactions on the Open Network for Digital Commerce (ONDC).

[{"selector":"#anim-ba5d2922-85f7-4131-bd34-bf15948a26dd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.4233893662059103%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-5e36dad9-ebee-489a-b1e5-f8c16a407966","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0330d541-c5c3-4d6d-995e-fe4e948d2666","keyframes":{"transform":["translate3d(0px, 161.20531%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] In advanced stages, the acquisition aims to solidify Paytm’s presence on ONDC amidst the Payments Bank crisis.

[{"selector":"#anim-8c542eea-685c-4954-8d2f-6521ce947905 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(11.368490233451114%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-58a1623b-e7ce-46bd-aafc-0a4f9a338caf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7c23a226-2254-4d66-8537-991842852ad0","keyframes":{"transform":["translate3d(0px, 150.18836%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] RBI halts new deposits to Paytm Payments Bank due to compliance issues. Paytm assures the app remains operational.

[{"selector":"#anim-5e3639ee-c1ee-42f2-950c-f90ebd2ce5f4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.44190591349025254%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-2c5703e2-56a6-41b9-a680-fe6c589c7a8e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c8338783-5537-4a8f-98f0-14cb7d6d2ff4","keyframes":{"transform":["translate3d(0px, 200.23393%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] RBI clarifies action is against Paytm Payments Bank, not the Paytm app. Services remain unaffected.

[{"selector":"#anim-612a45b0-e2f8-40bc-bc72-33272de8ed5a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(11.282462773362933%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c9e6c731-1e56-429e-874c-b5c5ccec3fd5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-247cc69a-f1c5-434a-961b-575ff8b54d1d","keyframes":{"transform":["translate3d(0px, 161.20531%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Paytm reassures merchant partners: QR, Soundbox, and card machines to continue as usual. Commitment to financial inclusion stands firm.

[{"selector":"#anim-df6473ea-9197-4c0b-987e-a364836fc8f6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(7.77124365319467%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1e336bb6-54dd-421b-a23d-79781a1cb608","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58a30e44-5302-4da5-ae74-9db1ac189761","keyframes":{"transform":["translate3d(0px, 200.23393%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] With the Bitsila acquisition, Paytm is set to redefine its e-commerce strategy, ensuring growth and innovation.