India’s Top Payments App Faces Challenge From Google and WhatsApp

That’s the headline of a story I did with my colleague Corinne Abrams, out Monday. It begins: India’s biggest mobile-payments startup, Paytm, has wooed hundreds of millions of users and attracted investment from Warren Buffett’s Berkshire Hathaway Inc. The biggest challenge for its charismatic founder, 40-year-old Vijay Shekhar Sharma, lies ahead: Keeping Alphabet Inc.’s Google […]

Mobile Money Heats Up in India as Google Doubles Down

That’s the headline of my most recent story, which came out yesterday. It begins: NEW DELHI–Alphabet Inc.’s Google is raising its mobile-payments game in India with new functions and services as global players race to woo the nation’s legions of consumers who are skipping credit cards and transacting on smartphones instead. A day after Warren […]

By Me Today: Google Wants a Piece of Mobile Payments in India

The story begins: Alphabet Inc.’s Google is aiming for a piece of India’s booming—but increasingly crowded—mobile-payments business. The Mountain View, Calif., tech giant on Monday launched its first-ever smartphone app that lets users transfer money to individuals and businesses in the country without the use of a credit or a debit card, a crucial factor […]

New Story: Mobile Wallet Paytm Hits Pay Dirt Amid India’s Cash Crackdown

A new story out Wed., which I wrote with my colleague Corinne Abrams, begins: MUMBAI—India’s second-most-valuable startup, the mobile-payments app Paytm, has a new target after proving itself more popular than credit cards. “We’re competing with cash,” said Madhur Deora, Paytm’s chief financial officer. “In India, we’re not competing with cards.” The company’s boast isn’t […]

By Me Yesterday: India’s Paytm Sees Surge in Usage After Demonetization

The story begins: Indian online payment firm Paytm says it has added 8 million new users in the two weeks since the government announced the replacement of the country’s highest-denomination bank notes. In a bid to root out corruption, counterfeit money and tax evasion, Prime Minister Narendra Modi on Nov. 8 announced the replacement of […]