After Airtel, Paytm is all set to inaugurate its Payments Bank operations on 23rd May. Paytm, after receiving the final approval from RBI is finally ready with its payments bank services after a few months of delay. The digital wallet in 2015, had received an in-principal approval from RBI to setup a payments bank which was scheduled to begin the operations around November last year.
As per a public notice, “..Paytm Payments Bank Ltd (PPBL) has received the final licence [...]
Paytm, the most popular medium for online recharges and bill payment has now added Reliance Jio to its list. The Reliance Jio Prime prepaid recharges can now be done through Paytm, and not only this, Paytm is also offering Rs. 381 worth extra benefits with the recharge. Paytm is all set with the list of different packs and schemes of Jio prepaid recharges for Jio Prime members.
The extra benefits of Rs. 381 on recharge of Rs. 303 are – Rs. 30 off instantly for up to two [...]
Paytm on Wednesday announced that they will be charging 2% fee on money transferred to the wallet through credit cards. However this decision was rolled back to avoid inconvenience occurring to genuine users. The 2% charge was implied to stop the abuse of 0 percent fee scheme on transfers by credit card. The 2% fee was refundable in the form of coupons, the use of which was bound to some conditions.
Paytm had explained earlier that why they had to charge 2% on credit card [...]
A day after launching an in-app POS feature, Paytm on Thursday discontinued the service citing security issues. The POS feature was intended to allow merchants to accept payments via all debit as well as credit cards without the need to install the swipe machines.
The payment network majors Visa and Mastercard have raised concerns over customer data privacy and security issues, as the users are required to enter their card [...]
The leading mobile wallet company in India, Paytm has launched a new mobile app POS (Point of Sale) that will allow merchants to accept debit as well as credit cards. Basically, it will function as a virtual POS in shops and stores to make a payment, when a POS machine might not be working or is not present.
This latest move from Paytm will especially help small merchants as they will not need to install swipe machines to [...]
The mobile wallet companies in India such as Paytm, MobiKwik and FreeCharge have seen steep rise in their business, post the demonetisation of Rs. 500 and Rs. 1000 notes. People are moving towards digital wallets amidst the cash crunch.
In a bid to reduce the ongoing cash crunch, Reserve Bank of India (RBI) has increased the existing balance limit on all digital wallets. RBI has doubled the balance limit on digital wallets [...]
The immediate demonetisation of Rs. 500 and Rs. 1,000 currency notes by PM Narendra Modi has left people cashless and are facing some problems. However, this situation has proved beneficial to the digital wallet companies which are seeing enormous growth in their business.
Paytm Wallet is India’s largest mobile payment service platform with over 100 million wallets. Last week, the company announced that it will take a [...]
Paytm is expanding its range widely by offering more and more services via its app and website. Started with mobile recharges and bill payment, Paytm has now become a one stop solution for all online needs, from Shopping to Hotel bookings, Bus and Flights bookings, Recharges and lot more. Paytm Wallets have gone even further in offline area, enabling even a Kirana store or an Auto rickshaw owner to collect payments from customers.
On Friday Paytm announced that it is powering [...]