New Delhi [India], Mar 10 : Paytm has announced that it is going to introduce new features to prevent the misuse of credit cards in adding money to the Paytm Wallet.
The company in a statement said that millions of customers and merchants have adopted Paytm as a part of their everyday life that includes paying at offline stores, shopping for groceries, paying for travel and paying their utility bills.
New Delhi [India], Mar. 7 : Digital payment gateway Paytm announced a 'zero cancellation charge' policy that will allow users to claim 100 percent refund on their bus tickets, even if they cancel the ticket as late as six hours before departure.
For a nominal fee starting from Rs. 34 per ticket, customers will have the option of planning their trips well in advance without the fear of exorbitant cancellation charges in case of any last minute changes. The additional fee would go as a premium to Paytm's insurance partner and enable instant refund to customers' Paytm wallet in case of ticket cancellation.
New Delhi [India], Feb. 13 : With over ten million travel tickets booked, online payments and ecommerce marketplace Paytm is fast becoming the preferred destination for travellers to plan their trips.
Paytm now offers the complete range of travel bookings that include air, bus, train tickets and hotel bookings. The company has also emerged as India's biggest private B2C player in train tickets segment within months of launch.
In January 2017, the company's travel vertical crossed USD 500 Million in annualised GMV. Paytm is aiming to quadruple the growth rate by the end of the current financial year.
New Delhi [India], Feb 10 : Paytm announced today that its QR code based payment solution is now powering hundreds of small merchants at Jodhpur's annual Handicrafts Mela. Visitors can now scan the Paytm QR Codes in the respective stall to pay instantly.
"We are looking forward to partner with many more offline events across the country. Enabling our digital payment solution at such events will not only promote entrepreneurship and arts, but also act as a platform to support thousands of skilled artisans and craftsmen across Rajasthan," said General Manager - Paytm, Bhuvnesh Dhingra.
New Delhi [India], Feb 8 : Paytm on Wednesday announced that its QR code based payment solution is now powering over 35 lakh merchants to accept digital payments.
The solution is actively used by consumers to pay at a wide range of merchants that include large organized retailers, hospitals, tolls, food courts to neighborhood shops.
Paytm was the first company to invest in QR Code-based payments and its unique scan-to-pay user flow is fast becoming ubiquitous with mobile payments across the country. This zero cost payment solution combined with Paytm's large customer base and breadth of use cases has enabled the company to build the largest and fastest-growing payment network in the country.
New Delhi [India], Jan 27 : Aeries Financial Technologies Pvt. Ltd., a fin-tech company promoted by serial entrepreneur and private equity investor Mr. V. Raman Kumar, today announced that CASHe, India's fastest loan giving app for young salaried professionals, has partnered with Paytm, India's largest mobile payments and commerce firm to allow its users to deposit cash transfers from CASHe to their Paytm wallets.
CASHe offers multiple loan options ranging from Rs. 5,000 to Rs. 1,00,000 payable over 15, 30 and 90 days.
With this integration, users of CASHe now have an option to transfer their loan amounts into their Paytm Wallets in part or in full and credit the rest of the amount into their bank accounts. This is an industry-first innovation from CASHe.
New Delhi [India], Jan 19 : Paytm on Thursday announced that it has launched an option to buy Google Play recharge codes on its platform. This will enable Android users to buy a Google Play recharge code online and recharge their Google Play accounts in a quick and hassle-free manner.
Paytm customers can select the 'Google Play' option on their Paytm app, enter their mobile number and the desired amount to receive a unique Recharge code via SMS and e-mail. This code can then be redeemed on Google Play to recharge their Google Play accounts instantly.
New Delhi [India], Jan 11 : Digital payments firm Paytm brings its users the newly added features to its mobile app to offer a more intuitive user experience while introducing an array of new features ranging from being able to accept up to Rs. 50,000 for merchants and additional security layers for users.
The updated app remains light and loads 3X faster even on low-end smartphones and slow network areas.
Here's a few features launched on the app:
Self-declared merchants can now accept up to Rs. 50,000 directly in their bank accounts- The merchants can now self-declare themselves on the app itself and start accepting up to Rs. 50,000 directly in their bank accounts.
New Delhi [India], Jan 10 : Mobile payments platform Paytm has announced working with over 200 villages across India to train and onboard consumers and merchants for digital payments.
The company has been on-boarding merchants in these villages as well as feeder markets to these villages so that people can reap the benefits of digital payments.
It has been conducting workshops with several professional bodies including CA and merchant associations, schools and colleges, self-help groups, worker unions and major government institutions to sensitize them about the convenience of using digital payments.
The company intends to serve the dual purpose of introducing customers to the benefits of cashless transactions while reaching the widest set of merchants across India.
New Delhi [India], Jan 9 : Payment system company Paytm on Monday announced its partnership with more than 41,000 petrol pumps across 550+ districts in India to enable its cashless payment solution.
Under the partnership, the two and four wheeler owners can now pay for their fuel bills at zero surcharge using the Paytm and get rid of the hassles of tendering exact change.
Paytm's cashless payment solution has been welcomed by the country's oil industry. With more than 70 percent of the country's petrol pumps already live, the segment is growing at 200 percent month-on-month.
New Delhi [India], Nov. 29 :Witnessing an exponential growth in terms of day-to-day transactions after demonetisation, Paytm is touching more than five million transactions in one week as compared to the combined average daily number of payment transactions seen by debit and credit cards in India.
Lauding the Prime Minister Narendra Mosi's initiative, Paytm vice-president Sudhanshu Gupta said the move is unprecedented which would bring a massive forward looking change for the economy as money will circulate and there will be less of terrorism and corruption.
New Delhi [India], Nov 25 : The Indian banking landscape has transformed rapidly in the last few years, driven by a combination of factors consumer's digital adoption, a progressive regulatory environment and visionary Government policies.
In its 2018 vision document, the RBI has emphasized that digitization of payments and moving to a less-cash society are its key priorities.
Citibank has been at the forefront of digital transformation in the country, having pioneered and introduced several innovations in the past few years.
Digitization has been a key strategic priority for Citibank, with over 95 percent its customer transactions being completed digitally.
New Delhi [India], Nov 17 : India's largest mobile payments and commerce platform Paytm is helping consumers and small merchants across the country to switch to mobile payments.
As millions of new consumers and merchants try mobile payments for the first time with Paytm, the company has instituted a 4,000 strong merchant acquisition team to ensure consumers find more Paytm merchants in their neighborhood than ever before.
Backed by a strong payment ecosystem of customers and merchants, Paytm has registered over 25 million offline transactions worth over Rs. 150 crore in the last six days. The company's merchant on-boarding team continues to help over 25,000 offline merchants on a daily basis to accept mobile payments at zero transaction fee or TDR.
New Delhi [India], Nov 15 : Travelyaari, the paradigm-changing online bus booking platform, has announced a tie-up with Paytm and Reliance Jio for offline payment integration.
The platform, which offers solutions to both travelers as well as bus operators, is bringing cash-free payments to all its customers at select inter-city offline counters. At present, 2000 operators across 10000 branches are on board at Travelyaari. Customers can pay for their tickets using either of the mobile wallets and avail of several cash-back incentives.
New Delhi [India], Nov 15 : India's largest mobile payments and commerce platform Paytm is set to unveil its multilingual interface to enable millions of Indians to overcome language barriers and pay and shop in their preferred regional language.
The user interface will be available on Android will be available in English and 10 different regional languages including Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Oriya and Punjabi.
Paytm has become India's first mobile payments and commerce platform to offer multiple regional language interfaces.
It has expanded its reach to over 80 percent smartphone users in India, who prefer internet-based services in regional languages, thus making mobile payments and commerce now accessible to all.
New Delhi [India], Nov 14 : Largest mobile payments platform Paytm has announced touching a record number of payment transactions led by unprecedented growth in offline payments.
Paytm has touched a record five million transactions a day and is on the way to process over Rs. 24,000 crore, more than any other payment network in the country.
Within a year of launching its Online-to-Offline (O2O) payment solution, Paytm has emerged as the fastest growing QR Code-based POS network in the country. Backed by a large payment ecosystem of customers and merchants, the company registered a 700 percent increase in overall traffic and 1000 percent growth in the amount of money added to the Paytm account over the last couple of days.
New Delhi [India], Nov 14 : Jabardast HIT 95 FM has tied up with Digital Audio Ad Platform PayTunes. Jabardast HIT 95 Fm is a leading FM radio station in Delhi NCR and is focusing on providing response based solutions to its clients with this collaboration.
Founded by IIT Alumni and backed by some of the top investors, PayTunes is a mobile ringtone based audio visual and consumer engagement ad platform.
PayTunes app converts mobile handset ringtones on incoming calls into ad jingles from brands and rewards its users with points which they can redeem in terms of free recharges, bill payments etc. PayTunes also provides tools and features to engage the audience to advertisers.
New Delhi [India], Nov 10 : Largest mobile payments and commerce platform Paytm is looking to hire over 10,000 Paytm agents as it seeks to aggressively expand its offline merchant network to over 20 lakh touch-points by the end of the current fiscal year.
Paytm's cashless payments are widely accepted across India owing to the ease, convenience and safety they offer. Thanks to the country's overwhelming response to Paytm, it is setting bolder targets to acquire more offline merchants in the coming months.
New Delhi [India], Nov 3 : India's largest mobile payment and commerce platform Paytm has announced the appointment of Deepak Abbot as its Senior Vice President - Growth Marketing.
Previously, Deepak was working with Times Internet as the head of mobile growth. With over 17 years of work experience in growth hacking, mobile marketing and data analytics, Deepak has also worked as the Chief Product Officer at Reliance Entertainment Digital, General Product Manager at Zapak, UX Consultant at Satyam Computers and Product executive at CyberMedia.
New Delhi [India], Oct 6 : India's largest mobile payment and commerce company Paytm has announced the appointment of Madhur Deora as its Chief Financial officer (CFO) and Senior Vice President.
Formerly with Citigroup Investment Banking as Managing Director, Madhur brings experience in identifying new opportunities for emerging businesses and contributing to their growth.
At Paytm he will also be responsible for building and managing the company's newly formed financial services business.