From the cash shortage situation that has occurred due to the demonetisation of Rs. 500 and Rs. 1,000 notes, Paytm has been attracting a lot of customers to its platform. The digital wallet industry thinks that this move from PM Narendra Modi is a ‘surgical strike on cash’, and will heavily boost the adoption of digital wallets in the ... Read More »
As everyone is getting used to living with limited cash, at least temporarily, after Prime Minister Narendra Modi announced demonetisation of Rs. 500 and Rs. 1000 notes earlier this week, companies operating digital wallets and other forms of electronic currency have witnessed increased interest from users. The likes of Paytm, MobiKwik, FreeCharge have all seen an uptick in various ... Read More »
Paytm, one of India’s largest electronic payment platforms, has seen over five-fold rise in active users in one year, a senior company official said on Thursday. Ant Financial Services Group, an Alibaba Group affiliate, took 25 percent stake in One97, owner ofPaytm, as part of a strategic agreement in 2015. Peng Yijie, director of international business at Ant Financial, the ... Read More »
As of Friday, you can now use your Paytm wallet to recharge your Delhi Metro card; this can either be done through the Paytm app or website, or you can select it as a payment option on the DMRC website. The service started on Friday and was also announced on the Paytm blog. This is not a replacement for the ... Read More »
Paytm announced Wednesday that it is waiving off per-transaction merchant fees for wallet transactions made offline, to drive adoption of its wallet. There are only 1.3 million PoS (point of sale) terminals in India, which are typically given to more established outlets that meet the bank’s stringent KYC norms, said Nitin Misra, head of payment products at Paytm. Merchants often ... Read More »
On Friday, Paytm founder Vijay Shekhar Sharma announced via a Facebook post that customers at Indian Oil petrol pumps can pay for fuel using the mobile wallet. The company is enabling this one pump at a time, so for now, only a few pumps accept payments via Paytm. This continues the path for mobile wallets to become a viable alternative ... Read More »
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