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, or unified payments interface, transaction failures—just 0.02% among all UPI remitter banks and 0.04% among all UPI beneficiary banks. We are well ahead of others when it comes to leveraging AI and Big Data to offer innovative products & services to our customers across the country, says Satish Gupta, MD & CEO of Paytm Payments Bank Ltd. “Our tech team which comprises of the best minds in the business, work round the clock to provide a seamless and efficient experience. Paytm Payments Bank, at this time, handles as many as 100 million UPI handles, 350 million active wallets on the Paytm app and transactions are made using as many as 220 million saved cards on the Paytm platform and 60 million linked bank accounts, also used for UPI transactions.

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History of this topic

NPCI's International Arm Plans To Expand UPI To 4-6 New Countries In 2025
5 days, 21 hours ago

NPCI's International Arm Plans To Expand UPI To 4-6 New Countries In 2025

ABP News  

NPCI International Payments, the entity tasked with expanding NPCI’s homegrown payment products globally, is working to extend the reach of the Unified Payments Interface to four to six additional countries in 2025, up from the current seven, according to Ritesh Shukla, CEO of NIPL. NIPL, a wholly-owned subsidiary of the National Payments Corporation of India, aims to launch UPI in …

Paytm gets government nod for investment in payments arm: Details
3 months, 3 weeks ago

Paytm gets government nod for investment in payments arm: Details

India TV News  

India's Paytm has received approval from the country's finance ministry to invest in its payment services business, the fintech firm. In July, Reuters reported, citing a top finance ministry official, that Paytm had secured approval for a 500 million rupee investment in its payments arm. Paytm Payment Services is one of the biggest remaining parts of the fintech firm's business …

RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project
4 months, 2 weeks ago

RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project

The Hindu  

Google, PhonePe, Amazon Pay, Cred and Mobikwik are looking to join Indian central bank’s digital currency project by offering transactions in e-rupee, a digital alternative to the physical currency. The news comes as transactions using the digital currency reached over a million a day last year, however, they have declined ever since, to about 100,000-200,000 a day. However, in April …

In Bengaluru’s IT Hub, Paytm’s NFC Card Soundbox Sets New Standards for Digital Payments
4 months, 3 weeks ago

In Bengaluru’s IT Hub, Paytm’s NFC Card Soundbox Sets New Standards for Digital Payments

Hindustan Times  

Bengaluru, India's tech capital, continues to lead the way in technological advancements. The recent launch of Paytm’s NFC Card Soundbox is further reinforcing this trend. During a live event marking the launch of Paytm NFC Card Soundbox, Founder and CEO Vijay Shekhar Sharma engaged with prominent local merchants nationwide, including Gaurav from the renowned Rameshwaram Cafe in Bengaluru. The NFC …

Paytm’s market share Continues to fall after RBI crackdown
6 months, 2 weeks ago

Paytm’s market share Continues to fall after RBI crackdown

Hindustan Times  

Paytm’s market share among India’s online payment apps, fell for a fourth straight month as the fintech pioneer struggles to recover from the Reserve Bank of India ordering its affiliate, Paytm Payments Bank to shut down, according to a Bloomberg report. Paytm Payments Bank isn’t actually controlled by Paytm, but is part of founder and CEO Vijay Shekhar Sharma’s fintech …

Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO
7 months, 3 weeks ago

Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO

New Indian Express  

New Delhi, April 27 Yes Bank saw growth in unified payments interface transactions monthly -- from nearly 3.3 to 5 million -- after its partnership with Paytm, its Managing Director and CEO, Prashant Kumar, said on Saturday. Yes Bank registered Rs 452 crore in net profit for the fourth quarter of FY24 compared to Rs 202.43 crore in the same …

India plans to curb Google, PhonePe’s dominance in mobile payments: Report
8 months, 1 week ago

India plans to curb Google, PhonePe’s dominance in mobile payments: Report

The Hindu  

India’s governing body overseeing the country’s Unified Payments Interface mobile payments system is set to engage with fintech startups to develop a strategy to address the growing market dominance of companies including PhonePe and Google pay in the UPI ecosystem. The National Payments Corporation of India plans to meet executives from companies including CRED, Flipkart, Fampay, and Amazon to discuss …

E-rupee boost: RBI to enhance role of digital currency, allow non-bank operators to offer CBDC wallets
8 months, 2 weeks ago

E-rupee boost: RBI to enhance role of digital currency, allow non-bank operators to offer CBDC wallets

Hindustan Times  

In his statement released today, the Reserve Bank of India Governor, Shaktikanta Das, has indicated the central bank’s interest in enhancing the scope of digital currency in India. The RBI Governor said the central bank was looking to promote CBDC and that too by enhacing its scope through Non-bank Payment System Operators and thereby boost retail use. It is proposed …

Paytm stock gains for 4th consecutive day: Is the worst over?
9 months ago

Paytm stock gains for 4th consecutive day: Is the worst over?

Hindustan Times  

Paytm share price: Shares of One97 Communications, Paytm's parent company, extended gains for the fourth consecutive session as the stock soared over 4% intra-day basis today hitting day high of ₹425.70 on the NSE. Analysts on Paytm stock Global brokerage firm Morgan Stanley reaffirmed its ‘Equal-Weight’ rating on the stock and maintained a price target of ₹555 per share while …

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, …

Yes Bank, Axis Bank go live on Paytm's UPI platform: What you need to do
9 months, 1 week ago

Yes Bank, Axis Bank go live on Paytm's UPI platform: What you need to do

Hindustan Times  

Paytm UPI: National Payments Corporation of India gave One97 Communications Limited- Paytm's parent company- approval to be a third-party app on UPI platform. Following this, Yes Bank and Axis Bank went live on Paytm app using which users can create new handles. Paytm UPI: RBI's deadline for Paytm Payments Bank Limited to stop all banking operations ends today. New users …

Paytm Gets TPAP License from NPCI for UPI Payments
9 months, 1 week ago

Paytm Gets TPAP License from NPCI for UPI Payments

Deccan Chronicle  

Mumbai: The National Payments Corporation of India has granted approval to One97 Communications Limited the parent of Paytm to participate in UPI as a Third-Party Application Provider under the multi-bank model. YES Bank shall also be acting as merchant acquiring bank for existing and new UPI merchants for OCL. OCL has been advised to complete migration for all existing handles …

Paytm share price drops 5% ahead of Payments Bank deadline: Will fall continue?
9 months, 1 week ago

Paytm share price drops 5% ahead of Payments Bank deadline: Will fall continue?

Hindustan Times  

Paytm share price: Shares of Paytm's parent company One97 Communications Ltd tanked 5 per cent, third lower circuit in as three days. This would allow customers to continue using the Paytm app for payments through unified payment interface and would help the company as Paytm Payments Bank ceases operations by March 15. Economic Times reported that four banks- Axis Bank, …

Paytm gets third-party app license from NPCI to perform UPI transactions
9 months, 1 week 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 …

Paytm cuts ties with Paytm Payments Bank, ends inter-company pacts after RBI's crackdown
9 months, 3 weeks ago

Paytm cuts ties with Paytm Payments Bank, ends inter-company pacts after RBI's crackdown

Hindustan Times  

Paytm's parent company One 97 Communications said in a company filing on Friday that the firm's board has decided to discontinue the inter-company pacts with its banking service Paytm Payments Bank to reduce dependencies. Paytm has cut company ties with Paytm Payments Bank Paytm Payments Bank Limited has remained under the lens of the Reserve Bank of India for a …

NPCI to examine Paytm's third-party app request for UPI: RBI
10 months ago

NPCI to examine Paytm's third-party app request for UPI: RBI

Hindustan Times  

The Reserve Bank of India on Friday said it has advised National Payments Corporation of India to examine One97 Communication Limited's request seeking approval for the Third-Party Application Provider route for continuation of Paytm's Unified Payments Interface services. Paytm Payments Bank cannot onboard new customers after March 15 One97 Communication Limited is the parent firm of fintech major Paytm. On …

Users ditch Paytm? App's daily downloads declined this much since February 1
10 months ago

Users ditch Paytm? App's daily downloads declined this much since February 1

Hindustan Times  

Daily downloads of the Paytm app have fallen since February 1 while those of BHIM UPI app increased 49 per cent. Google Pay app daily downloads dropped 10.6 per cent during the period. This comes after the Reserve Bank of India imposed curbs on Paytm Payments Bank resulting in its app downloads to decline by 55 per cent to 60,627 …

Paytm, Axis Bank to apply this week for third-party route for UPI: Report
10 months ago

Paytm, Axis Bank to apply this week for third-party route for UPI: Report

Hindustan Times  

One97 Communications Limited, which owns Paytm, and recently joined hands with Axis Bank in the wake of Reserve Bank of India's crackdown against Paytm Payments Bank, will apply this week for the third-party application provider route, with the application to be sent to the National Payments Corporation of India, Moneycontrol has reported. Cutlery vendor switches on Paytm, a digital payments …

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 set to operate as third-party app for UPI: Report
10 months, 2 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 crisis: Vijay Shekhar Sharma knocks at Nirmala Sitharaman's door, gets curt reply
10 months, 2 weeks ago

Paytm crisis: Vijay Shekhar Sharma knocks at Nirmala Sitharaman's door, gets curt reply

Hindustan Times  

Paytm founder and chief executive officer Vijay Shekhar Sharma on Tuesday had met finance minister Nirmala Sitharaman in wake of the Reserve Bank of India actions against his Paytm Payments Bank. According to a Moneycontrol report, the central bank refused to grant any concession to the Paytm Payments Bank including the migration of users' accounts to other banks and extension …

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 …

Big setback to Paytm as RBI refuses concessions to Vijay Shekhar Sharma-led fintech firm: Report
10 months, 2 weeks ago

Big setback to Paytm as RBI refuses concessions to Vijay Shekhar Sharma-led fintech firm: Report

Hindustan Times  

In a massive setback to Paytm, the Reserve Bank of India has refused to offer any concessions during its meeting with the fintech firm founder Vijay Shekhar Sharma. The central bank refused to help Paytm Payments Bank in any manner, including the migration of accounts to other banks or extending the deadline after February 29, Moneycontrol reported. Banks not keen …

Will UPI service continue on Paytm? Company's response
10 months, 2 weeks ago

Will UPI service continue on Paytm? Company's response

Hindustan Times  

Paytm said that UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes. Paytm UPI service falls under the Paytm Payments Bank, which was barred by the Reserve Bank of India from taking money from customers after February 29. Customers made 144.25 crore transactions on the Paytm Payment Bank …

UPI will continue to operate as normal, working with other banks for continuity of service: Paytm
10 months, 2 weeks ago

UPI will continue to operate as normal, working with other banks for continuity of service: Paytm

India TV News  

UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes in the back-end for continuity of its services, the company said on Monday. While PPBL, the entity overseeing Paytm's UPI services, faces constraints on accepting money from customers after February 29, the company is working to connect with other …

Paytm woes worsen as traders' body advises users to switch to other payment apps after RBI crackdown
10 months, 2 weeks ago

Paytm woes worsen as traders' body advises users to switch to other payment apps after RBI crackdown

Hindustan Times  

After the Reserve Bank of India cracked down against Paytm Payments Bank and its regulatory violations, traders' body CAIT issued a cautionary advice to Paytm users, urging them to switch to other payment apps. The Confederation of All India Traders said in a statement that traders are advised to use payment platforms other than Paytm for business-related transactions as RBI …

Paytm Q3 results: Revenue jumps 38% to ₹2,851 crore
11 months ago

Paytm Q3 results: Revenue jumps 38% to ₹2,851 crore

Hindustan Times  

Paytm Q3 results: Paytm posted a 38 per cent rise in revenue to ₹2,851 crore in the quarter ending in December, it said in a regulatory filing on Friday. Paytm In the October-December quarter, the fintech giant Paytm reported a robust 38 per cent YoY growth in revenue, reaching ₹2,850 crore, with EBITDA before ESOP showing an improvement of ₹188 …

From Kirana Stores To Chai Shops, Paytm Credit Card On UPI Is A Gamechanger For Payments
11 months, 1 week ago

From Kirana Stores To Chai Shops, Paytm Credit Card On UPI Is A Gamechanger For Payments

ABP News  

The convenience of digital transactions have become a fundamental aspect of our daily lives in today’s fast paced world. One such transformative force in the digital payment landscape is the integration of UPI payments through credit cards on the Paytm app. With just a smartphone, users can easily make UPI payments via credit cards on the Paytm app, powered by …

Paytm Soundbox: A Pioneering Innovation Transforming In-store Payments!
1 year, 2 months ago

Paytm Soundbox: A Pioneering Innovation Transforming In-store Payments!

The Quint  

We live in an era where digital payments have become the norm. Paytm Soundbox provides instant payment confirmations in the merchant's preferred language, ensuring both parties share a clear understanding. The tech innovator recently launched three new indigenously developed Soundbox devices - Paytm Pocket Soundbox, Paytm Card Soundbox and Paytm Music Soundbox. India’s first Soundbox that accepts card payments Paytm …

UPI crosses 10 bn transactions second time in September
1 year, 2 months ago

UPI crosses 10 bn transactions second time in September

Deccan Chronicle  

Chennai: With Unified Payments Interface crossing 10 billion transactions for the second straight month, this seems to have become the new normal for the payment interface. UPI recorded 10.56 billion transactions worth Rs 15.8 lakh crore in September, according to the National Payments Corporation of India. While the transaction volume marginally increased from Rs 15.76 lakh crore in August to …

WhatsApp adds rival in-app payment options in India commerce push
1 year, 3 months ago

WhatsApp adds rival in-app payment options in India commerce push

The Hindu  

WhatsApp said on Wednesday that it will offer credit card payments and services from rival digital payment providers within its app in India, the latest bet by the Meta-owned service to boost commerce offerings in its biggest market. People shopping on WhatsApp could also pay using popular services like Alphabet Inc’s Google Pay, Paytm and Walmart’s PhonePe but only after …

Paytm eyes India-scale AI system; fintech investing to build new software stack
1 year, 4 months ago

Paytm eyes India-scale AI system; fintech investing to build new software stack

Live Mint  

One97 Communications Limited, which owns the brand Paytm, is investing in artificial intelligence with an eye on building artificial general intelligence software stack. In his letter, Sharma mentioned that Paytm's next contribution for India's Digital revolution after mobile payments, will be – small mobile credit with high credit quality and fully compliant with the regulators' guidelines. Paytm announced its April-June …

Paytm Leads Merchant Payments With 21 Lakh Devices Deployed In 2023 So Far
1 year, 5 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 …

Data | UPI payments: relief for users, a headache for banks
1 year, 6 months ago

Data | UPI payments: relief for users, a headache for banks

The Hindu  

The dizzying array of daily limits on United Payments Interface transactions set by apps and banks — both in terms of value and volume — has put the spotlight on the rapid rise in such transactions in India in recent years. Such limits were introduced given the surge in the volume of UPI transactions in India in recent years after …

UPI And Aadhaar-Enabled Payment Most Used Banking Services By MSMEs: Report
1 year, 7 months ago

UPI And Aadhaar-Enabled Payment Most Used Banking Services By MSMEs: Report

News 18  

The MSME sector in India is on an ambitious growth curve and in recent years, there has been a progressive change in the mindsets of small business owners towards technology adoption. In a new study, PayNearby, the digital financial services network, said that more than 71% Micro, Small and Medium Enterprises in retail, use some form of digital technology for …

Paytm beats GooglePay and PhonePe, as India's highest revenue earner in financial services and mobile payments
1 year, 7 months ago

Paytm beats GooglePay and PhonePe, as India's highest revenue earner in financial services and mobile payments

India TV News  

Paytm, an Indian fintech giant has reported its financial performance for FY23, where its revenues swelled to Rs 7,991 crore for the fiscal year. To put it into perspective, Paytm's Q4 revenues of Rs 2,334 crore were still ahead of PhonePe's revenues of Rs 1,912 crore for the first nine months of the calendar year 2022. In the fourth quarter, …

Decoding The Success And Rapid Revenue Growth of Paytm
1 year, 7 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 …

Gpay, Paytm, other users need not worry about new surcharge; Know reason
1 year, 8 months ago

Gpay, Paytm, other users need not worry about new surcharge; Know reason

Hindustan Times  

The regulator of Unified Payments Interface, the National Payments Corporation of India has recently introduced a surcharge in digital payments made through prepaid payment instrument such as mobile wallets. According to NPCI, payments above ₹ 2,000 made using UPI network will bear a surcharge or interchange fee of up to 1.1%. According to NPCI, payments above ₹2,000 made using UPI …

Paytm answers if customers need to pay fee on UPI payments
1 year, 8 months ago

Paytm answers if customers need to pay fee on UPI payments

Hindustan Times  

Digital payments firm, Paytm, on Wednesday clarified doubts over National Payments Corporation of India’s latest circular notifying that an interchange fee of up to 1.1% will be applicable on merchant UPI transactions from April 1. In a tweet, the financial tech firm urged to not spread misinformation as it said that “no customer will pay any charges on making payments …

What's Changing With UPI Merchant Transactions from April 1? EXPLAINED
1 year, 8 months ago

What's Changing With UPI Merchant Transactions from April 1? EXPLAINED

News 18  

National Payments Corporation of India on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. NPCI has permitted the PPI wallets to be part of interoperable UPI ecosystem and levied 1.1 per cent charge on unified payment interface transactions above Rs 2,000 while using PPI. “The interchange charges introduced are …

Paytm wins banking regulator extension for payment aggregator license: Report
1 year, 8 months ago

Paytm wins banking regulator extension for payment aggregator license: Report

Hindustan Times  

Indian financial technology company Paytm Payments Services Ltd has received an extension from the country's banking regulator to apply for a payment aggregator licence and aims to reapply in about 15 days, the company said on Sunday. Read here: UPI payments of up to ₹200 can now be done without pin — Paytm makes it possible with UPI LITE Paytm …

Paytm Announces Upgraded Payments Platform Launch With Indigenous Technology
1 year, 8 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, 8 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's UPI and Singapore's PayNow are now linked: How will this benefit users?
1 year, 10 months ago

India's UPI and Singapore's PayNow are now linked: How will this benefit users?

Firstpost  

India has experienced a technological revolution in recent years. With the Unified Payments Interface being connected to PayNow on Tuesday, Indians can now send money to their friends, coworkers, and relatives in Singapore via digital payment systems like Google Pay and PayTM. 🎥A short film screened on UPI of India and PayNow of Singapore It elucidates how the linkage of …

How UPI Has Become A Strong Revenue Source For Fintech Pioneer Paytm
1 year, 10 months ago

How UPI Has Become A Strong Revenue Source For Fintech Pioneer Paytm

The Quint  

In the Indian financial ecosystem, Paytm became a trendsetter when it launched its mobile wallet and QR payments almost a decade ago. During the recent earnings call, Paytm Founder and CEO Vijay Shekhar Sharma highlighted that Paytm's focus on merchant payments instead of consumer led UPI payment has created a scalable UPI revenue model in subscription. Sharma also mentioned that …

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, 10 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 …

Explained | India’s UPI push
1 year, 10 months ago

Explained | India’s UPI push

The Hindu  

The story so far: On January 10, the National Payments Corporation of India paved the way for international numbers to be able to transact using UPI. Addressing theinfrastructural and technological changes required to support such payments, he said, “Currently, all the internal systems as well as ecosystem players such as banks, NPCI, etc only understand India-based mobile numbers for UPI …

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