Paytm said in a recent blog that its app is exhibiting a surge in user engagement as the company expands and fortifies its ecosystem through the acquisition of both consumers and merchants while granting them better access to the latest technology and financial services.
Although relatively new to the game, India has significantly expanded its fintech landscape since 2016. Today, South China Morning Post said government data shows nearly 40 per cent of all payments in the once cash-only economy are digital.
One97 Communications Limited, which owns the fintech platform Paytm, on Wednesday said it has achieved a new milestone in offline payments as it deployed 6.8 million devices deployed in the January-March quarter.
Paytm UPI Lite continues to gain rapid popularity among the masses to carry out small-value transactions of up to Rs 200 in a single tap, according to a statement from Paytm Payments Bank.
One97 Communications Limited (OCL),which owns fintech platform Paytm, on Friday approved SR Batliboi and Associates LLP ("SRB", commonly known as EY) to be appointed as its statutory auditor upon completion of a five year term of PwC
New Delhi [India], March 31 (ANI/NewsReach): The Indian retail F&B sector is worth USD 41.1 billion and is expected to be USD 79.65 billion by 2028. While these numbers paint a very profitable image, the Indian food service industry is heavily unorganised. To put it in more detail, even
Paytm has been at the forefront of India's digital revolution with its technology-led innovations that have empowered users with a 'Made in India' payments platform.
The fintech firm's revamped platform is expected to further power its fast, secure and seamless payments.
Mumbai (Maharashtra) [India], March 24 (ANI/PRNewswire): With Cash use declining from 71 percent of POS transaction value in 2019 to just 27 percent in 2022, India has emerged as a global leader in payments with the development of its next-generation real-time payments (RTP) infrastructure,
Paytm's leadership in offline payments strengthened further with 6.4 million merchants now paying subscription for payment devices, an increase of 0.3 million in the month of February 2023.
The stock exchanges had sought a clarification from Paytm after it was reported by The Economic Times that China's Ant Group and Japan's SoftBank were looking to sell their shares in the company through a secondary sale. Masayoshi Son's SoftBank with 13.24 per cent and Alibaba's affiliate An
Paytm UPI LITE aims to make digital payments more accessible to people across the country. UPI LITE, enabled by National Payments Corporation of India (NPCI), aids users to carry out multiple small value UPI transactions without using a PIN.