While PhonePe and Google Pay are focused on UPI P2P, Paytm has taken the cake with its diversification of business. In fact, Paytm has been focused on merchant payments, where it actually makes money.
"Ever since then, small boards with Quick Response (QR) codes have been put up outside these temples by Paytm. Rs 67 lakh have been received by the BKTC through these QR codes by way of donations," the temple authority said.
RuPay credit cards can also be linked to UPI, allowing users to pay using popular UPI apps like Paytm, PhonePe, and Google Pay.
Paytm UPI Lite facilitates lightning-fast UPI payments even when banks face success rate issues during peak transaction hours.
Under the MoU, Paytm has planned to empower merchants, street vendors and 'ChiruVyaparulu' (street hawkers) in the state to accept digital payments and provide them access to loans through its lending partners.
Paytm is enabling online ticket booking across major cities of Bengal including Kolkata, Digha, Barasat, Haldia, Purulia, Durgapur, Habra, Asansol and Malda. The company has collaborated with 2,500 bus operators.
Customers can purchase ‘Cancel Protect’, starting at a premium of ₹149 for Flight tickets and ₹25 for Bus tickets. The customer can claim a 100% refund with ‘Cancel Protect’ for trips that are cancelled through Paytm at least 24 hours before the scheduled departure time for flights.
Paytm has played a vital role in the mobile payments revolution in India, as one of the pioneer of QR code payments. The special commemorative QR Code features logos of MeitY’s DigiDhan Mission along with those of the G20 2023 and 75th year of India’s independence.
The company has calculated an incentive of Rs 130 crore from UPI transactions in three quarters but Sharma said that the incentive may technically make the fourth quarter a free cash flow positive quarter but Paytm will report as a one-time item.
The National Payments Corporation of India (NPCI) released UPI Lite to simplify small ticket transactions up to Rs. 200, last year. Now, UPI Lite will be made available on Paytm and PhonePe's applications soon.
Vijay Shekhar Sharma, MD & CEO of Paytm has been insisting that Paytm is on its path of achieving EBITDA profitability by quarter ending September 2023.
Paytm's monthly transacting users (MTU) was up 32 per cent from 64 million in December 2021 to 85 million in December 2022. The Gross Merchandise Value (GMV) processed through the platform saw a 38 per cent growth y-o-y in December to Rs 3.46 lakh crore.
Paytm gift cards are available for instant use, have long validity, can be used online & in-store, and can also be redeemed during sales. The wide variety of gift cards from Paytm ranges from categories like fashion & accessories, grocery & essentials, food & ordering, and jewellery brands to furnit
Paytm continues to strengthen its leadership in offline payments with more than 5.5 million merchants now paying subscriptions for payment devices. Paytm Soundbox is the sound of merchant transactions in India, with a new merchant and their customers being greeted by its melody every six seconds.
Institutional Investor Advisory Services (IiAS) on Monday said the buyback of shares at less than Paytm's IPO launch price of Rs 2,150 apiece will favour Paytm's pre-IPO shareholders.
Paytm has a liquidity of Rs 9,182 crore, as per its last earnings report. The company's board is scheduled to meet on December 13 to consider a share buyback proposal.
Here are five online payment modes which will enable the user to make a quick payment. These platforms will help you make payment quicker, safer and more accessible.
Paytm has announced that its Postpaid service has crossed the 6 million users benchmark and is accepted by over 15 million online and offline merchants- as per the second quarter-end report for FY 2023.
UPI transactions: In August 2020, the total number of Unified Payment Interface (UPI) based digital financial transactions stood at 6.57 billion (657 crore).
Paytm has launched a new Transit Card for Mumbaikars which will enable the people of Mumbai to make payments for multiple purposes travelling via Mumbai metro, buses and trains. The Transit card will let the user make all-in-one payments from a single Paytm card.
Top News
Latest News
