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Amid cash chaos, Paytm spreads wings

  • demonetisation, cash crunch, Paytm, black money, cash limit, digital transaction, e-wallet, e-transaction
    Paytm sticker pictured on top of a sack of rice at a local grocery shop

    Scrapping of old Rs 500 and Rs 1,000 currency notes has forced consumers to adopt digital payment and cashless transactions to tide over the liquid cash crunch.

    Photo: Dalip Kumar

  • demonetisation, cash crunch, Paytm, black money, cash limit, digital transaction, e-wallet, e-transaction
    Paytm sticker pictured on top of a roadside betel-cum-cigarette shop

    Earlier this month, Paytm said it has been witnessing over 7 million transactions worth Rs 120 crore a day.

    Photo: Dalip Kumar

  • demonetisation, cash crunch, Paytm, black money, cash limit, digital transaction, e-wallet, e-transaction
    Paytm sticker pictured at a roadside food joint in New Delhi

    Small shopkeepers and businesses can self-declare their details and provide bank account details to start receiving payments instantly up to Rs 50,000 a month.

    Photo: Dalip Kumar

  • demonetisation, cash crunch, Paytm, black money, cash limit, digital transaction, e-wallet, e-transaction
    A local florist accepting payments via Paytm wallet

    Following the ban on Rs 500 and Rs 1,000 notes, mobile wallets, debit and credit cards, online money transfers have seen a rise of 200%.

    Photo: Sanjay K Sharma

  • demonetisation, cash crunch, Paytm, black money, cash limit, digital transaction, e-wallet, e-transaction
    Founder and CEO Paytm Vijay Shekhar Sharma interacting with media during a press conference in New Delhi

    Mobile wallet companies including Paytm, have seen manifold increase in transactions and new users coming on board with people turning to digital platforms.

    Photo: Dalip Kumar

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