Page 57 - Paytm

Former Paytm executives roll out Junio, pocket money app for children

Startup raises Rs 10 cr from marquee angel investors, aims to have 5 million users in four years

Paytm payment gateway registers over 750 mn monthly transactions

Digital payments services firm Paytm said its payment gateway now registers 750 million transactions on a monthly basis. The company said that payment instruments issued by Paytm Payments Bank, including Paytm Wallet and Paytm UPI, have contributed about 60 per cent to the total transactions registered on the gateway. Paytm PostPaid and EMI services which were launched last year have continued to gain popularity with users and are registering 25 per cent month-on-month growth, the company said in a statement. "We are the leading providers of payment gateway services and take pride in enabling millions of businesses to automate and centralise their payment processes. Our systems have the capacity to manage up to 2,500 transactions per second which ensure stability when our enterprise merchants see spikes during special events and sales," Paytm senior vice president Praveen Sharma said. According to the latest RedSeer report on digital payments in India, Paytm Gateway is the fastest

Paytm bets big on IoT-driven devices to ease acceptance of payments

Voice-activated point-of-sale machines that work on a SIM card are a hit among small shopkeepers

SBI, Paytm Payments Bank, PhonePe lead in UPI transactions in February

SBI was the top remitter on the UPI platform in February, while Paytm Payments Bank led the chart in the beneficiary segment, as per data published by the National Payments Corporation of India

PhonePe cements position as leading UPI app, WhatsApp falls behind

UPI, India's flagship payments platform, recorded 2.29 billion transactions worth Rs 4.25 trillion in February.

SEBI approves Paytm UPI handle, helping firm in managing IPO applications

Paytm Payments Bank has entered into a partnership with Paytm Money to enable payment mandates for IPO applications

Sebi approves Paytm UPI handle for IPO applications

The move will enable fast and seamless payment mandates for IPO applications

Paytm NUE licence consortium most diverse: Vijay Shekhar Sharma

The NUE, whose idea was floated by RBI in August last year, is an alternative to the NPCI, which is the sole entity that manages retail payments right now

Paytm starts services for business to accept card payments on Android phone

Paytm has partnered with financial services institutions, including Visa and MasterCard, for facilitating card payments for Smart PoS

Paytm Money targets over 10 mn users, 75 mn yearly transactions in FY22

Young investors are the target audience for most of the new-age start-ups offering MF and other investments.

PhonePe leads UPI payments with over 970 mn transactions in February

The Walmart-owned firm, which competes with Google Pay, Paytm and Amazon Pay, now processes some 1.07 billion monthly transactions across UPI, cards and wallets

Paytm crosses 1.2 bn monthly transactions, maintains leadership position

Financial services firm sees 15% month-on-month growth in offline merchant payments

Vivo returns as title sponsor of IPL in 2021 after one-year gap

The announcement signals an end to the search for Vivo's replacement, which had gathered pace last week, following speculation that the Chinese company had made up its mind to exit the marquee event

Paytm eyes Rs 3,000 cr enterprise bill payment transactions by FY21-end

Paytm on Monday announced that its Enterprise Bill Payment System (EBPS), a part of Paytm Payouts, is expected to cross Rs 3,000 crore in transactions by FY21-end

PhonePe distributes ESOPs worth Rs 1,500 crore among all employees

The digital payments firm has rolled out the compensation to all its employees ranging from software engineers, product managers to customer experience and on-ground sales agents

Pine Labs launches AllTap app to turn phone into payment acceptance device

With AllTap, small merchants who aren't ready to invest in a traditional point-of-sale terminal can immediately start accepting digital payments on their NFC-enabled smartphone

SBI Cards growth nears pre-Covid level on higher spends, new card sourcing

Asset quality needs monitoring as Q3's gross NPA ratio of 4.5 per cent is higher than average

UBS fund pursues $400 million stake in SoftBank-backed Paytm: Report

UBS aims to finalize an agreement as soon as this month

Paytm says could turn profitable in 2021 as Covid-19 earns it users

Vijay Shekhar Sharma said the crisis had forced more merchants to use PayTM's platforms as businesses were forced to accept digital payments

Paytm, PhonePe make most of digital adoption to disrupt BFSI space

Paytm launches instant personal loans 24x7 all year round in under two minutes, PhonePe unveils Term insurance