#paytm wallets

Days after Zomato's big-bang bourse listing, what could possibly trump that?

The buzz that this may just be the beginning...

Next in line is One97 Communications, the parent of Paytm, which filed its DRHP with SEBI on July 16th.

The listing of India’s second-largest startup (after Byju’s), and potentially one of the largest public offerings in Indian stock market history (at ₹16,600cr or $2.2bn), is undoubtedly a big deal.

However, could confidence in the sector’s prospects and in Paytm’s brand entice investors despite its less-than-perfect financials?

Flipkart on Monday said that the customers during its ‘Big Billion Days sale will get instant cashback to their Paytm wallets, in a partnership with the leading digital payments platform that will enable millions of users to conveniently pay through their Paytm Wallet and Paytm UPI while shopping on the platform.

This festive season, millions of Paytm users across the country will have access to their wallets and UPI on Flipkart.

“With just one click customers can avail great value during flash sales this ‘Big Billion Days’ as they continue to stay indoors and adopt safe payment methods,” said Ranjith Boyanapalli, Head – Fintech and Payments Group, Flipkart.

According to the latest data by the RBI, the total number of digital transactions in India (processed via any electronic mode) is expected to reach a daily average of 1.5 billion in the next five years.

Paytm’s New Food Wallet Makes It Easier For Corporates To Give Employees Food Allowances

Paytm, a popular online payment portal, has launched the ‘Food Wallet’ on the Paytm app. This will provide tax relief to corporate employees.

Virtual Food Wallets

At present, corporate employers provide their employees meal vouchers, pre-paid cards and coupons from companies like Sodexo and Ticket Restaurant.

The Paytym Food Wallet will allow companies to fill credit directly into their…