India’s Paytm Moves Toward Mobile Payment Domination

Facebook, Google, Amazon—these are just a few of the mobile payment giants leading the pack in India at the moment. Yet, the Noida, India-based Paytm has jumped into the big leagues with a recent $1 billion financing. The contributions, led by T. Rowe Price with other investment from Discovery Capital, Ant Financials, and SoftBank Vision Fund, leaves the company valued at $16 billion...