Paytm Users Will Now Have to Pay 2% Fee on Topping up Paytm Wallet via Credit Card
4 years, 2 months ago

Paytm Users Will Now Have to Pay 2% Fee on Topping up Paytm Wallet via Credit Card

News 18  

Paytm has now started charging a 2 percent fee on any amount of money that gets added to the Paytm wallet via a credit card. Speaking to the publication, Paytm stated that the nominal fee is introduced to compensate for the high charges paid by the platform to the bank on transactions with credit cards. At the moment, there’s no fee applied on adding money to the Paytm wallet with either debit cards or UPI. The company aims to support one million apps on the mini app store as part of its efforts to aid Indian developers and compete against tech giant Google.

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History of this topic

Paytm jumps 5% as digital payments app survives banking unit shutdown
9 months, 1 week ago

Paytm jumps 5% as digital payments app survives banking unit shutdown

The Hindu  

Shares of India's Paytm rose a stock exchange-allowed maximum of 5% on Friday, March 15, 2024, a day after it got a third-party application provider license that will allow it to offer digital payments after its banking unit ceases operations. The license, granted by the country's payments authority, came as Paytm Payments Bank will cease to operate on March 15, …

Another blow for Paytm: Jefferies drops ratings amid challenges
10 months ago

Another blow for Paytm: Jefferies drops ratings amid challenges

Hindustan Times  

Jefferies India dropped its rating on Paytm making it the first major brokerage to drop its rating on the company after it was hit by regulatory action by the Reserve Bank of India. Merchants using Paytm QR/Soundbox linked to another bank account can continue beyond March 15, the central bank said. "Without a banking license, Paytm's business model will now …

Paytm crisis: India’s Paytm crackdown spooks retailers; Walmart, Google swoop in
10 months, 2 weeks ago

Paytm crisis: India’s Paytm crackdown spooks retailers; Walmart, Google swoop in

The Hindu  

Hit by a regulatory crackdown, India's Paytm is mobilising its sales team to reassure the merchants who use its app to accept digital payments just as Walmart and Google are targeting those same vendors with their rival offerings. But many merchants are now refusing to deal with Paytm after India's central bank last week asked its banking unit - which …

How to make credit card bill payments via Paytm
1 year, 10 months ago

How to make credit card bill payments via Paytm

India Today  

Paytm is a digital payment platform that allows people to transfer money to anyone instantly using UPI and the Paytm wallet. In addition to utility bill payments, the Paytm mobile application lets you pay credit card bills. With Paytm, not only can you make payments with credit cards, but you can also pay your credit card bills as well, making …

Paytm starts charging convenience fee for prepaid mobile recharges
2 years, 6 months ago

Paytm starts charging convenience fee for prepaid mobile recharges

India Today  

Paytm seems to have started charging a convenience fee on mobile recharges from users. Interestingly, Paytm put out a tweet back in 2019 reaffirming that it will not charge any convenience or transaction fee from customers when using a digital payment method. In October last year, PhonePe announced it would start charging users with a "processing fee" on mobile prepaid …

Paytm starts levying ‘platform fee’ on recharges. Check the details here
2 years, 6 months ago

Paytm starts levying ‘platform fee’ on recharges. Check the details here

Live Mint  

Have you noticed the change in the Paytm while making any recharge? It has started levying ‘platform fee’ for recharges done through it. Paytm is charging between Re 1 to ₹6 as convenience fee, platform fee, surcharge, whatever you call it, for the recharges done on the platform. The actual recharge amount was ₹239 but due to this ‘platform fee’ …

Paytm Adds 'Postpaid Mini' Service to Help Users Get Small Instant Loans
3 years, 5 months ago

Paytm Adds 'Postpaid Mini' Service to Help Users Get Small Instant Loans

News 18  

Paytm has announced the launch of Paytm Postpaid Mini, an extension of its Buy Now, Pay Later service. The company says that these “small ticket instant loans” would give customers flexibility and manage household expenses to maintain liquidity during the ongoing COVID-19 pandemic. The Paytm Postpaid Mini service has been launched in partnership with Aditya Birla Finance. The digital payments …

After a tussle with Indian developers, Google cuts Play Store fees
3 years, 9 months ago

After a tussle with Indian developers, Google cuts Play Store fees

The Hindu  

Google does an Apple, but almost after four months. The search giant has halved Play Store commission to 15% for app makers selling their digital products on its marketplace. "We are reducing the service fee Google Play receives when a developer sells digital goods or services to 15% for the first $1M of revenue every developer earns each year," said …

Shopping Therapy? Your Favorite Store Gets An Advantage If They Receive Bill Payments With Paytm
3 years, 9 months ago

Shopping Therapy? Your Favorite Store Gets An Advantage If They Receive Bill Payments With Paytm

News 18  

India’s leading digital payments platform Paytm is really upping the stakes in the competition between payments gateway services. The company says that their All-In-One Payment Gateway services gives merchants the ability to accept and process online payments, with quicker payment settlement timelines and significantly lower transactions fees across the board—in fact, there is absolutely no transaction fees for any payments …

Paytm Transforms Android Phones Into Card Payment Machines And Shoppers Would Love The Convenience
3 years, 9 months ago

Paytm Transforms Android Phones Into Card Payment Machines And Shoppers Would Love The Convenience

News 18  

India’s leading digital payments platform Paytm has given the Paytm For Business app for merchants a big update. This update, which works with the Paytm App POS, is now available for Android phones and will allow merchants and retailers to use an Android phone as a payments machine for contactless credit and debit card payments to complete transactions. Paytm sees …

MobiKwik Charging You For Not Using App May Be A Bad Idea In A World That Also Has Paytm And PhonePe
3 years, 10 months ago

MobiKwik Charging You For Not Using App May Be A Bad Idea In A World That Also Has Paytm And PhonePe

News 18  

Indian digital payments platform MobiKwik has confirmed that there is a policy change that will now mean inactive users will now have to pay something called as “wallet maintenance charges”. MobiKwik says that users who still don’t reactivate their accounts may have to pay what is called “wallet maintenance charges”, to keep the wallet services functional. MobiKwik also says they …

Now Pay House Rent On Paytm And Get Up To Rs 1000 Cashback: Here Is How To Pay And Win Cashback
3 years, 10 months ago

Now Pay House Rent On Paytm And Get Up To Rs 1000 Cashback: Here Is How To Pay And Win Cashback

News 18  

India’s leading digital payments platform Paytm has announced that the Rent Payments feature is being expanded and now adds even more value for anyone who needs to pay their monthly home rent. Paytm also confirms that they will soon enable recurring payments through credit cards for tuition fees for your children, house help’s salary and more. You will also be …

Paytm Merchants Can Now Receive Unlimited Wallet Payments With Zero Percent Fee
4 years ago

Paytm Merchants Can Now Receive Unlimited Wallet Payments With Zero Percent Fee

News 18  

Digital payments company Paytm has announced that Paytm merchants can now receive unlimited payments through Paytm Wallet, UPI and Rupay cards at zero percent fee. Speaking about the development, Kumar Aditya, Paytm senior vice president said, “We are empowering our merchant partners across the country to accept wallet payments and get them directly into their bank account without worrying about …

Paytm announces 0% fee on wallet payments for merchants
4 years ago

Paytm announces 0% fee on wallet payments for merchants

Live Mint  

Fintech major Paytm on Thursday announced that that merchants can now receive unlimited payments through Paytm Wallet at 0% fee, along with UPI and Rupay Cards. "The move will benefit more than 17 million merchants who will enjoy a 0% fee on all their digital payments with direct settlement in their bank accounts," the company said in a statement. Kumar …

Paytm credit card coming soon, around 2 million cards to be issued in 18 months
4 years, 2 months ago

Paytm credit card coming soon, around 2 million cards to be issued in 18 months

India Today  

Paytm on Monday has announced that it is coming up with credit cards to make it easier for new users to join the credit market. This can transform the credit market by bringing 'new to credit' users into the formal economy.” With its credit card, Paytm aims to bring the credit card experience to the young professionals and the college-goers. …

Paytm announces Rs 10 crore fund for mini app developers
4 years, 2 months ago

Paytm announces Rs 10 crore fund for mini app developers

India TV News  

Increasing its stake in its ongoing fight with Google, leading digital payments platform Paytm on Thursday announced a Rs 10-crore fund for mini apps developers in the country. Addressing a mini-apps developer conference, Paytm Founder Vijay Shekhar Sharma said that he is targeting "at least one million mini apps" to put an end to "the victimisation of 30 per cent …

Paytm will have 1 million mini-apps before Google’s in-app commission
4 years, 2 months ago

Paytm will have 1 million mini-apps before Google’s in-app commission

Live Mint  

BENGALURU: Paytm, the Noida-based payments major, which launched its mini-apps platform this week, will add close to 1 million mini apps before Google plans to make Play Store billing mandatory for Indian developers by April 2021. In a virtual conference on Thursday, Paytm founder Vijay Shekhar Sharma said the company will invest close to ₹10 crore for its mini-app developer …

Paytm Aims 1 Million Apps on Mini App Store, to Invest 10 Crore to Promote Indian Developers
4 years, 2 months ago

Paytm Aims 1 Million Apps on Mini App Store, to Invest 10 Crore to Promote Indian Developers

News 18  

Paytm on Thursday said it aims to support one million apps on its recently launched Android Mini App Store as part of its efforts to support Indian developers and compete against tech giant Google. Paytm had announced the launch of its Android Mini App Store earlier this week, just weeks after Paytm’s app was blocked from Google Play Store for …

Paytm to Hold First-Ever Mini App Developer Conference Today: How to Watch
4 years, 2 months ago

Paytm to Hold First-Ever Mini App Developer Conference Today: How to Watch

News 18  

Paytm launched its Mini App Store for Android earlier this week. The company will today hold its first-ever developer conference for the Mini App Store, where the company will host Indian developers who will talk about ‘India’s Digital Revolution’ and showcase their mini-apps. Paytm has launched its own mini app store on October 5, which can be accessed directly via …

Paytm’s app store not an alternative to Google Play Store, say experts
4 years, 2 months ago

Paytm’s app store not an alternative to Google Play Store, say experts

Live Mint  

Paytm’s new app store may not pose an immediate challenge to Google Play Store, experts said, since its design restricts developers from offering a full suite of services. Besides, just like Google Play, Paytm’s Mini App Store is also a walled garden — a controlled ecosystem tailored to suit the preferences of its creator. An analyst, Furthermore, they said Paytm’s …

Paytm announces mini apps developers conference on 8 October
4 years, 2 months ago

Paytm announces mini apps developers conference on 8 October

Live Mint  

Paytm is organizing a developers conference on 8 October to invite indigenous developers to work together towards building India's digital revolution. The digital payments firm recently launched a mini-app store to support Indian developers, in a direct challenge to Google’s dominance in the space. The Paytm's Android Mini App Store provides listing and distribution of custom-built mobile web apps based …

Paytm Launches Mini App Store Amid Calls For Indian Alternative to Google Play Store
4 years, 2 months ago

Paytm Launches Mini App Store Amid Calls For Indian Alternative to Google Play Store

News 18  

Digital payments app Paytm has launched its own mini app store which can be accessed directly via the Paytm app. It also comes Paytm CEO Vijay Shekhar Sharma was reported to be working towards bringing an Indian alternative to Google Play, after Indian developers called for a local alternative to Google’s Play Store and Apple App Store. The push for …

Paytm launches its own mini app store
4 years, 2 months ago

Paytm launches its own mini app store

Live Mint  

BENGALURU :Digital payments firm Paytm has launched a mini-app store to support Indian developers, in a direct challenge to Google’s dominance in the space. While the removal of the app may be a trigger, Paytm’s move is perhaps a direct fallout of Google mandating that developers listed on its Play Store use its billing service. Last week, startup founders such …

Paytm CEO rallies app operators against Google over Play Store’s billing mandate
4 years, 2 months ago

Paytm CEO rallies app operators against Google over Play Store’s billing mandate

The Hindu  

Paytm founder and CEO Vijay Shekhar Sharma doubled down in his bid to rally Indian app operators against Google over the U.S. company’s requirement that apps use the Play Store’s billing system for in-app purchases of digital goods, by firing a salvo on Twitter. Google clarified on its blog that all apps distributed on Google Play offering in-app purchases of …

Paytm’s ’spend now, pay next month’ option available at local kirana stores. How to use
4 years, 6 months ago

Paytm’s ’spend now, pay next month’ option available at local kirana stores. How to use

Live Mint  

Amid coronavirus outbreak in the country, more and more people are switching towards digital transactions and contactless payments. In an addition to that, Paytm users can now now pay bills at Domino’s, Tata Sky, Pepperfry, HungerBox, Patanjali, Spencer’s using Paytm Postpaid facility. Paytm's postpaid service is offered in partnership with two NBFCs with an instant credit line for various payments …

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