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Paytm forays into eCommerce; to compete with likes of Flipkart

Mobile payment services firm Paytm on Friday announced its foray into the eCommerce space, putting itself, which is backed by Alibaba, in direct competition with giants like Amazon, Flipkart and Snapdeal.

Facebook testing mobile payment service

Social media giant Facebook is reportedly working on a small test for a new mobile payments service that would allow users to link their financial account details to the site and make purchases on apps using that information.