Mobile Payments Pioneer Paytm's Innovative and Game-Changing Launches of 2024
2 weeks, 2 days ago

Mobile Payments Pioneer Paytm's Innovative and Game-Changing Launches of 2024

India Today  

As a pioneer in mobile payments and QR technology, Paytm continues to redefine the digital ecosystem with its relentless focus on innovation and user-centric solutions. Paytm’s Next-Gen NFC Card Soundbox: Revolutionizing Merchant Payments Building on its iconic and innovative Soundbox technology, Paytm introduced an upgraded version in 2024 further advancing digital payment solutions for merchants and international tourists. Paytm UPI Lite Auto-Top: Fast and Hassle-Free Transactions Enhancing the convenience of digital payments, Paytm had introduced automatic top-up for Paytm UPI Lite. UPI International: Payments Beyond Borders Paytm’s UPI International expands the utility of digital payments to a global stage enabling users to make UPI payments at select international locations. Through these groundbreaking initiatives in 2024, Paytm continues to solidify its position as India’s foremost innovator in the digital ecosystem, with pioneering advancements in mobile and QR payments to empowering users with cutting-edge solutions in healthcare, travel, and financial services distribution.

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History of this topic

Mint Explainer: How UPI access will make digital wallet users' life easier
1 week ago

Mint Explainer: How UPI access will make digital wallet users' life easier

Live Mint  

So far, UPI payments from and to a PPI could only be made through the PPI issuer's app. A PPI issuer may “facilitate the discovery of its full-KYC PPIs on third-party UPI mobile applications, which, in turn, shall enable such PPIs to be linked to their PSP handle/s", the central bank notified, adding that such transactions from PPIs, using third-party …

Paytm gets third-party app license from NPCI to perform UPI transactions
9 months, 3 weeks ago

Paytm gets third-party app license from NPCI to perform UPI transactions

India TV News  

Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. License to ensure seamless payments The newly acquired license enabled Paytm to serve as a third-party application provider, allowing customers to conduct transactions through India's unified payment interface. Partnerships with leading banks Axis Bank, HDFC Bank, State Bank of …

Another blow for Paytm: Jefferies drops ratings amid challenges
10 months, 3 weeks 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 set to operate as third-party app for UPI: Report
10 months, 4 weeks ago

Paytm set to operate as third-party app for UPI: Report

Hindustan Times  

One97 Communications Limited, the parent firm of crisis-hit Paytm, is focusing on the third-party payment app route to ensure that the fintech major's Unified Payments Interface remains available to its users, according to an Economic Times report. “Since Paytm Payments Bank will stop offering payment services, Paytm will become a third-party app going forward, integrating UPI through other lenders,” the …

Paytm Leads Merchant Payments With 21 Lakh Devices Deployed In 2023 So Far
1 year, 6 months ago

Paytm Leads Merchant Payments With 21 Lakh Devices Deployed In 2023 So Far

The Quint  

The company’s management believes India has potential of at least 10 crore merchants and more than 50 crore payment users in the near future. Analysts say Paytm is the dominant player in the merchant payment solutions with limited competition especially because of its successful Soundbox model. “We find Paytm well positioned to continue to dominate the SME merchant landscape where …

Decoding The Success And Rapid Revenue Growth of Paytm
1 year, 8 months ago

Decoding The Success And Rapid Revenue Growth of Paytm

The Quint  

Paytm, which started out as a digital wallet and payment app, has transformed the way Indians transact. Ramping up the sale of these devices has helped Paytm achieve continuous growth in subscription and merchant discount rate revenues from offline merchants. Paytm has recently seen a rapid growth in their loan distribution business where they give out loans to their customer …

Paytm Announces Upgraded Payments Platform Launch With Indigenous Technology
1 year, 9 months ago

Paytm Announces Upgraded Payments Platform Launch With Indigenous Technology

Hindustan Times  

● Massive upgrade of Paytm’s payments platform through an indigenous full-stack development will further boost digital payments in the country. Paytm Announces Upgraded Payments Platform Launch With Indigenous Technology ● Aimed at significantly enhancing consumer experience of digital payments through much better success rate, speed and security One97 Communications Limited that owns the brand Paytm, India’s leading payments and financial …

Paytm unveils fully indigenous technology-powered upgraded payments platform
1 year, 9 months ago

Paytm unveils fully indigenous technology-powered upgraded payments platform

Live Mint  

Paytm, the payments and financial services platform owned by One97 Communications, has announced the release of its new technology platform developed entirely in-house. The company claims that Paytm has been a game-changer in the mobile, QR, and soundbox payments space, and its new platform is set to revolutionize digital transactions, making financial services more accessible and affordable. Paytm, which has …

UPI payments of up to ₹200 can now be done without pin — Paytm makes it possible
1 year, 9 months ago

UPI payments of up to ₹200 can now be done without pin — Paytm makes it possible

Hindustan Times  

India’s fintech and QR payments pioneer Paytm’s latest innovation Paytm UPI LITE offers a convenient solution for those who want to make quick and easy payments. One of the most impressive features of Paytm UPI LITE is the ability to make payments of up to ₹200 in a single click, without the need for the usual 4-6 digit UPI PIN. …

Paytm Payments Bank Enables UPI LITE For Faster Small-Value Transactions
1 year, 9 months ago

Paytm Payments Bank Enables UPI LITE For Faster Small-Value Transactions

ABP News  

Paytm Payments Bank Limited, a part of mobile payment company Paytm has enabled the UPI LITE feature for its users for faster UPI payments for multiple small-value UPI transactions. Paytm in a blog post on Thursday said, "Our associate Paytm Payments Bank Limited, has gone live with UPI LITE, empowering its users with lightning-fast UPI payments that never fail. With …

India, Singapore launch linkage of real-time payment systems
1 year, 10 months ago

India, Singapore launch linkage of real-time payment systems

The Hindu  

India’s Unified Payments Interface — better known as UPI — and Singapore’s PayNow were officially connected on Tuesday, allow for a “real-time payment linkage”. Congratulations to the Monetary Authority of Singapore, the Reserve Bank of India and all the stakeholders in Singapore and India who have helped make the linkage a reality,” Lee Hsien Loong said at the event. Demonstrating …

Paytm's UPI Lite will now let users make payments without using PIN
1 year, 10 months ago

Paytm's UPI Lite will now let users make payments without using PIN

India Today  

Paytm, the popular payments app, has introduced a new feature called UPI Lite that makes it easier for users to make small value transactions without needing to enter a PIN every time. Talking about the new feature, Praveena Rai, COO, NPCI, said, “We are very excited to launch UPI LITE on Paytm Payments Bank. With UPI Lite, users can carry …

Paytm launches G20-theme QR Code to celebrate India’s presidency: Know-more
1 year, 11 months ago

Paytm launches G20-theme QR Code to celebrate India’s presidency: Know-more

India TV News  

One97 Communications Limited, the owns of Paytm, the online payments and financial services company and the pioneer of QR and mobile payments, has launched a special G20-theme QR Code to celebrate India’s presidency of the intergovernmental forum and the country’s leadership in mobile payments. This QR code was launched by Mr. Ashwini Vaishnaw, Hon’ble Minister for Railways, Communications and Electronics …

Amitabh Kant pays with Paytm at Udaipur during G20 Sherpas meet — praises the digital payments transformation of India
2 years, 1 month ago

Amitabh Kant pays with Paytm at Udaipur during G20 Sherpas meet — praises the digital payments transformation of India

India Today  

Disclaimer: The material and information contained are for advertorial purposes only. Fintech pioneer Paytm has taken the QR code to every nook and corner of the country and has revolutionised the digital payments space in India. Recently, this digital transformation was highlighted on Twitter by India’s G20 Sherpa Mr. Amitabh Kant. During the G20 Sherpas meet in Rajasthan’s Udaipur, Kant …

How to Use Paytm To Make UPI Payment For Booking Train Tickets
2 years, 8 months ago

How to Use Paytm To Make UPI Payment For Booking Train Tickets

News 18  

On March 2, 2022, Paytm announced that it has expanded its partnership with the Indian Railway Catering and Tourism Corporation, following which consumers will now be able to use digital ticketing services through Automatic Ticket Vending Machines which are installed at railway stations across the country. This will be the first time the Indian Railways will provide an option to …

Tech tips: How to make UPI payments without using the internet
2 years, 9 months ago

Tech tips: How to make UPI payments without using the internet

India Today  

India is on its road to becoming a cashless economy. Until now, the UPI payments could only be done from a smartphone, and people owning feature phones would still have to go for cash mode. “UPI 123PAY is an instant payment system for feature phone users who can use Unified Payments Interface payment service in a safe and secure manner. …

UPI123Pay: Payment solution for feature phone users
2 years, 9 months ago

UPI123Pay: Payment solution for feature phone users

The Hindu  

The story so far: On March 8, the Reserve Bank of India launched a new Unified Payments Interface payments solution for feature phone users dubbed ‘UPI123Pay’. The new UPI-based service is designed to bring the digital payments platform closer to a significant number of feature phone mobile subscribers in the country, which is estimated to be more than 40 crore. …

RBI's UPI for Feature Phones; You Don't Need Smartphone, Internet for UPI Payments
2 years, 10 months ago

RBI's UPI for Feature Phones; You Don't Need Smartphone, Internet for UPI Payments

News 18  

The Reserve Bank of India on Tuesday launched a new digital payment mode — Unified Payments Interface called UPI123Pay for feature phones. “UPI123Pay will digitally empower millions across the country and help NPCI achieve its dream of a billion plus daily UPI transactions,” said Biswamohan Mahapatra, chairman, National Payments Corporation of India, the umbrella organisation for retail digital payments in …

UPI Payment Without Internet, Smartphone: RBI to Launch UPI for Feature Phones Today
2 years, 10 months ago

UPI Payment Without Internet, Smartphone: RBI to Launch UPI for Feature Phones Today

News 18  

You don’t need a smartphone or internet connection to do Unified Payments Interface payments anymore. To enable thousands of feature phone users with the digital payment ecosystem in the country, the Reserve Bank of India is all set to launch UPI123Pay on Tuesday. Why UPI Payment for Feature Phones RBI governor Shaktikanta Das announced to launch a UPI-based payment system …

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 Clocks 1.2 Billion Monthly Transactions As Atmanirbhar Digital Bharat Push Reaps Rewards
3 years, 10 months ago

Paytm Clocks 1.2 Billion Monthly Transactions As Atmanirbhar Digital Bharat Push Reaps Rewards

News 18  

Indian digital payments platform Paytm has clocked more than 1.2 billion monthly transactions and says that this 15% month-on-month growth means that the platform recorded the most number of transactions among all digital payments platforms. Paytm says that there has been a steady increase in the number of users who use the platform for digital payments, also availing financial services …

Digital Payments Got A Big Push In India This Year And That Included UPI And Credit Cards
4 years ago

Digital Payments Got A Big Push In India This Year And That Included UPI And Credit Cards

News 18  

The year 2020, because of the circumstances as they unfolded, gave digital payments the sort of push that couldn’t have been expected in just less than 12 months. Around the same time, digital payments platform PhonePe confirmed that they had now crossed the 250 million user mark, with 100 million monthly active users and clocked 2.3 billion app session in …

Paytm Payments Bank Relies On Superior Tech To Clock Highest UPI Payments Success Rate In India
4 years ago

Paytm Payments Bank Relies On Superior Tech To Clock Highest UPI Payments Success Rate In India

News 18  

When it comes to successful UPI transactions, mobile payments platform and payments bank Paytm has the hugest success rate. The latest report by the National Payments Corporation of India says that the Paytm Payments Bank has the best tech for UPI payments. Data suggests that the Paytm Payments Bank users have been at the receiving end of the lowest UPI, …

Snapdeal Now Allows Users to Make Doorstep Payment With UPI-Linked Apps Like PhonePe, Paytm and More
4 years ago

Snapdeal Now Allows Users to Make Doorstep Payment With UPI-Linked Apps Like PhonePe, Paytm and More

News 18  

Snapdeal has announced a collaboration with National Payments Corporation of India to allow buyers to make QR-based digital payments at the time of accepting delivery of their orders. Customers can make the UPI payment via platforms such as Bhim, Google Pay, Whatsapp Pay, PhonePe, Paytm and UPI apps from leading private and public sector banks like HDFC, SBI, ICICI and …

Paytm Merchants Can Now Receive Unlimited Wallet Payments With Zero Percent Fee
4 years, 1 month 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 postpaid launches flexible EMI options
4 years, 1 month ago

Paytm postpaid launches flexible EMI options

Live Mint  

Paytm, India’s leading digital financial services platform, announced that the users of its postpaid service can now convert their spends into EMIs. From daily purchases from neighbourhood kirana stores to high-value shopping at popular retail destinations, Paytm Postpaid services can be accessed across a large cross-section of the retail space. Paytm has continued to expand its postpaid services with strategic …

Paytm introduces Payout Links for businesses, enables money transfer sans collecting bank details
4 years, 1 month ago

Paytm introduces Payout Links for businesses, enables money transfer sans collecting bank details

Live Mint  

Fintech major Paytm on Tuesday launched 'Payout Links' for businesses, enabling them to instantly process payouts to customers, employees and vendors without collecting their bank details. Payout Links offer seamless payment integration for businesses to quickly send incentives and refunds to customers through a simple payout link, a statement said. Paytm Payout Links - a new initiative under Paytm Payout …

Paytm Payment Banks Announces Automatic Cashless Payment at 211 Toll Plazas Across India
4 years, 2 months ago

Paytm Payment Banks Announces Automatic Cashless Payment at 211 Toll Plazas Across India

News 18  

Paytm Payments Bank Ltd has today announced that it is now enabling automatic cashless payments at 211 toll plazas across the country and has become the largest acquiring bank under National Electronic Toll Collection program. It is further aiming to acquire another 100 toll plazas and achieve 100% growth in FASTag sales in the next 3 months. In order to …

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 …

Vodafone Idea, Paytm partner up to allow users to recharge using UPI on feature phones: Here’s how it works
4 years, 7 months ago

Vodafone Idea, Paytm partner up to allow users to recharge using UPI on feature phones: Here’s how it works

India TV News  

Vodafone Idea, Paytm and National Payments Corporation of India have all partnered up to enable UPI recharges on feature phones. Making the announcement, Paytm said in a statement, “Paytm is now empowering feature phone users to recharge for their Vodafone Idea numbers with just a valid UPI ID. Along with the telecom major and National Payments Corporation of India to …

Paytm's Japanese foray PayPay reaches 25M users in just over a year
4 years, 10 months ago

Paytm's Japanese foray PayPay reaches 25M users in just over a year

India TV News  

Paytm, India’s largest payments company today announced that its Japanese smartphone-based payment settlement service PayPay, a joint venture between SoftBank Corp., Yahoo Japan Corporation and Paytm has notched up 25 million registered users on its platform. In addition, PayPay's growing network now has over 1.94 million merchant partners and local stores in Japan, who have embraced the payments platform and …

RBI sets up more rivals for Paytm, GooglePay, wants up to ₹10,000 pre-paid platform
5 years, 1 month ago

RBI sets up more rivals for Paytm, GooglePay, wants up to ₹10,000 pre-paid platform

Live Mint  

New Delhi: The crowded field of payment platforms, Paytm and GooglePay, will soon have more competition. The central bank has said the loading /reloading of such pre-paid instrument will be only from a bank account and used for making only digital payments such as bill payments, merchant payments, etc. India’s current digital payment system is dominated by government’s United Payment …

How Paytm QR Codes revolutionised digital payments in India
5 years, 5 months ago

How Paytm QR Codes revolutionised digital payments in India

Live Mint  

New Delhi: Quick response codes have become a common payment option for Indian smartphone users at restaurants, grocery shops and the like, and it was Paytm which pioneered the method and leads the field, which has now attracted the interest of tech majors like Google and Facebook-Whatsapp. The first Indian company to integrate payments into QR and take it to …

Paytm announces dole out incentives for merchants at kirana stores
5 years, 6 months ago

Paytm announces dole out incentives for merchants at kirana stores

India TV News  

In a move to make deeper inroads in the country, digital payments company Paytm on Thursday announced to push cashback from peer-to-peer UPI transactions to offline merchant payments at retail kirana stores. Also, read: Asus 6Z with 48MP + 13MP Flip Camera and 5000mAh battery launched in India The company is targeting to partner with over 20 million retail kirana …

Paytm: India's only super app with over 200 services on the platform
5 years, 6 months ago

Paytm: India's only super app with over 200 services on the platform

India TV News  

Paytm, the digital payments leader provides over 200 services after the launch of its gaming platform, PaytmFirst Games. Also, read: Nubia Red Magic 3 vs Black Shark 2 vs Asus ROG phone: Gaming smartphones in India Followed with the success of the network the company has created in the online and offline segment, the company now plans on building a …

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