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Tag: Paytm

Paytm's revenue jumps 89% to Rs 1,680 crore in Q1 FY23

Paytm's payments services revenue grew by 69 per cent Y-o-Y (3 per cent Q-o-Q), supported by rapid growth in user engagement, merchant base, use cases on the Paytm super app and subscription revenue from payment devices.

Paytm 'suffered' data breach affecting 3.4 mn users in 2020, company rejects claims

Digital payments major Paytm allegedly suffered a massive data breach two years back that may have exposed data of over 3.4 million users, cyber-security company Firefox Monitor said on Wednesday.

Paytm CEO Arrested, Later Released On Bail For Rash Driving
Paytm CEO Arrested, Later Released On Bail For Rash Driving

Delhi Police Spokesperson Suman Nalwa told IANS that the incident took place on February 22 in south Delhi' Malviya Nagar area.

Paytm Shares Listed On Stock Exchanges
Paytm Shares Listed On Stock Exchanges In India’s Biggest Ever IPO

Paytm IPO, India’s Biggest IPO Lists On Stock Exchanges

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Paytm Makes History; India's Largest IPO Bidding Ends With 1.89x Oversubscription
Paytm Makes History; India's Largest IPO Bidding Ends With 1.89x Oversubscription

Paytm had priced its shares in a price band of Rs 2,080-2,150 per share, valuing the company at Rs 1.39 lakh crore at the upper end of the price band. This was greater than previous miner Coal India's Rs 15,000 crore a decade back.

Paytm Allows Work From Home
Work From Home Always At India’s Second Most Valuable Internet Company

After almost one and a half years of remote work, several IT companies including Tata Consultancy Services (TCS), Infosys, Wipro, and others are gearing up to call back employees to the offices. But, the second most-valuable internet company, Paytm said that it will not force people to come to the office.

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BMC Pacts With Paytm: Odisha Capital's Vending Zones To Usher Cashless Revolution 
BMC Pacts With Paytm: Odisha Capital's Vending Zones To Usher Cashless Revolution

With the Modi government giving an extra push to digital transactions post the demonetisation, the Naveen Patnaik government has made digital transactions its core policy. The BMC's cashless drive in vending zones is being seen as State's measure to push online transactions.

Paytm May Directly Head For IPO Without A Pre-IPO To Fast-Track Listing
Paytm May Directly Head For IPO Without A Pre-IPO To Fast-Track Listing

Paytm is seeking a $20-22 billion valuation for its IPO, added a source.

Paytm IPO Clue
Invest Or Not Invest In Paytm IPO? What This Market Guru Thinks

With India’s largest IPO set to hit the markets soon, it has got many to sit up and take notice. India's leading digital payments and financial services platform Paytm is heading for a market debut with an aim to raise $2.2 billion.

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Paytm, Zomato Step Forward To Help 'Breathless India'
Paytm, Zomato Step Forward To Help 'Breathless India'

New Delhi: More than two weeks after oxygen shortages were reported across India, particularly in the national capital, many technology leaders have come forward to help the citizens. “We have…

Paytm Inspires Harvard Team To Create Similar Digital Payment App For Americans
Paytm Inspires Harvard Team To Create Similar Digital Payment App For Americans

New Delhi: The success of Vijay Shekhar Sharma-run digital payments leader Paytm in India has reached the US, and a team from Harvard Business School, led by a US Army…

Cow Sell
Cyber Fraud: Odisha Techie Loses Rs 1 Lakh While Making Online DTH Recharge

Bhubaneswar: A girl in the smart city of Bhubaneswar, who happens to be a software engineer, was allegedly duped of money to the tune of Rs 1 lakh while recharging her satellite TV’s Direct To Home (DTH) service through an e-commerce payment system. As per reports, the girl named Soumya Rout tried to make a […]

JPC Questions Google, Paytm On Data Privacy, Chinese Investment

New Delhi: Google and digital payments major Paytm were questioned by a parliamentary panel in India on a range of issues including data privacy and China links. The Joint Parliamentary Committee on the Personal Data Protection Bill on Thursday also provided the two companies time to submit written responses to questions on several issues including […]

Paytm Enters Credit Card Biz, To Issue 20 Lakh In 12-18 Months

New Delhi: Leading digital financial services platform Paytm on Monday said it will partner with various card issuers to introduce co-branded credit cards and is aiming to issue 20 lakh cards in the next 12-18 months. The move is aimed at transforming the credit market by enabling “new to credit” users to join the digital […]

Paytm Payment Gateway Announces Same-Day Bank Settlement

New Delhi: Paytm on Tuesday announced the same-day settlement facility for all kinds of fund transfers on its payment gateway that will help businesses that depend upon immediate availability of funds to pay down-stream partners. The feature can be accessed from Paytm Merchant Dashboard or Paytm for Business app. The minimum amount that can be […]

Paytm Announces Rs 10 Crore Fund For Mini App Developers In India
Paytm Announces Rs 10 Crore Fund For Mini App Developers In India

New Delhi: Increasing its stake in its ongoing fight with Google, leading digital payments platform Paytm on Thursday announced a Rs 10-crore fund for mini apps developers in the country. Addressing a mini apps developer conference, Paytm Founder Vijay Shekhar Sharma said that he is targeting “at least one million mini apps” to put an […]

Flipkart, Paytm Offer Instant Caskback During 'Big Billion Days'

Bengaluru: Flipkart on Monday said that its partnership with Paytm will enable millions of users to conveniently pay through their Paytm Wallet and Paytm UPI while shopping on Flipkart during the ‘Big Billion Days sale that starts from October 16. Flipkart customers will also get instant cashback to their Paytm wallets. “This festive season, millions […]

Paytm Takes On Google, Unveils India's Own Android Mini App Store

New Delhi: In a bid to support Indian app developers after its own app was removed by Google from its Play Store recently, leading digital payments platform Paytm on Monday launched an Android Mini App Store to support local developers take their innovative products to the masses. Paytm said it will provide listing and distribution […]

Digital India
Indian Consumers Preferred Amazon, JioMart, Paytm, Byju's In Covid-19: BofA Survey On Digital India

New York: A 16-page survey by Bank of America (BofA) identifies Amazon, Jio, Paytm and Byju’s as the stars that Indian consumers prefer in these times of Covid-19. Seventy-one per cent of users preferred Amazon over rival Flipkart which stood at 22 per cent. Only 5 per cent of those surveyed preferred to go basis […]

Paytm Back On Play Store Few Hours After Google Removed App

New Delhi: In a dramatic turn of events, Paytm app was back on Google Play store on Friday within a few hours of being pulled down due to alleged policy violations. Earlier in the day, Google had pulled down India’s homegrown financial services company Paytm from its app store for running its promotional UPI cashback […]

Paytm Acquires Raheja QBE To Enter General Insurance Sector

New Delhi: Leading digital payments platform Paytm along with its founder Vijay Shekhar Sharma on Monday announced the acquisition of Mumbai-based private sector general insurance company Raheja QBE, to democratize general insurance services in the country. Raheja QBE, which started its operations in 2009, is a joint venture between Prism Johnson Limited and QBE Insurance […]

Paytm offices shut after employee tests positive for coronavirus

New Delhi: India’s leading digital payment platform Paytm on Wednesday decided to shut its offices in Gurugram and Noida for at least two days after one of its employees who had recently travelled to Italy tested positive for COVID-19. In an official statement, the company informed that it has suggested team members of the COVID-19 […]

Paytm Rolls Out All-In-One Payment Gateway For SMEs

Bengaluru: Leading fintech startup Paytm on Tuesday launched an all-in-one payment gateway which enables digital payments through multiple methods for small and medium businesses (SME). “Today, we are announcing our all-in-one payment gateway and Business Payment solutions for SMEs. These services will further deepen the importance of digital payments in their business and bring to […]

Paytm Payments Bank Unveils New AI-Driven Security Measures

New Delhi: Paytm Payments Bank on Monday announced Artificial Intelligence (AI)-driven security measures to safeguard users from fraudsters and protect their transactions. One of the new features analyses ‘rogue’ apps on user devices which might trigger fraudulent transactions and advises users to uninstall them. The bank is also leveraging AI to instantly detect suspicious transactions. […]

Paytm Bank Becomes Largest Issuer Of FASTags In India

New Delhi: Paytm Payments Bank (PPB) on Monday announced it has become the largest FASTag issuer in India as it has issued three million FASTags so far, thus, accelerating the adoption of electronic payments across toll plazas. “This milestone is a testament to the efforts we are putting in the ‘Digital India’ vision of the […]

2 former Google executives join Paytm

New Delhi: Digital payments player Paytm on Thursday announced the expansion of its leadership team with two former Google executives, Praveen Sharma and Ankit Sinha being appointed senior vice president, ad business, and vice president, Paytm AI Cloud, respectively. Both the former Googlers will report directly to Paytm Founder and CEO Vijay Shekhar Sharma. “Over […]

PhonePe, Paytm have till February 2020 to update KYC

New Delhi: With the Reserve Bank of India (RBI) extending the deadline for mobile wallets to become fully Know Your Customer (KYC) compliant, people using PhonePe, Paytm, Amazon Pay or other such wallets will have no trouble doing their transactions as usual at least till February 29, 2020. The deadline for mobile wallets to become […]

BCCI ropes in Paytm as title sponsor till 2023

Mumbai: The Board of Control for Cricket in India (BCCI) on Wednesday announced that One97 Communication Ltd, the company which runs the e-commerce payment system Paytm, has acquired the rights to sponsor India’s international and domestic matches till 2023. The winning bid was fixed at Rs 326.80 crore to be paid by the company to […]

Scan any QR code to pay using Paytm

New Delhi: In a mega-campaign of Rs 200-250 crore, India’s leading digital payment platform Paytm will now allow scanning of any QR code, be it BHIM UPI, Google Pay, from its app to make an insta-payment at offline retail stores. The move is expected to benefit the small kirana stores which have become well-versed with […]

WhatsApp new feature for android
Fears arise over WhatsApp's Pay feature in India

New Delhi: As Facebook-owned WhatsApp announced launching its Payments service in India later this year, the fears of data privacy came back to the fore, with the government reportedly asking the National Payments Corporation of India (NPCI) to ensure that users’ data are not shared. The NPCI is an umbrella organization for all retail payments […]

Paytm partners Clix Finance to offer instant digital loans

New Delhi: Digital payments player Paytm on Tuesday partnered non-banking financial company Clix Finance to offer instant digital loans to customers and merchants on its platform. The company would offer loans to Paytm customers and merchants through “Deferred Payment or Postpaid” and “Merchant Lines” facilities. Using proprietary Machine Learning (ML) models developed by Paytm and […]

Not charging extra for digital transactions: Paytm

New Delhi: Digital wallet Paytm on Monday refuted reports that it is going to charge users extra amount for digital transactions on its platform. “We would like to clarify that Paytm app/payment gateway owned by One97 Communications Limited does not charge or levy any convenience/transaction fee from our customers on using any payment method which […]

Cash-rich global giants unable to compete with homegrown payments leader Paytm

New Delhi: With 550 crore transactions in the financial year 2018-19 and a gross transaction value (GTV) of over $50 billion (around Rs 34,706 crore), homegrown digital payments company Paytm continues to dominate its global counterparts — Google Pay, Whatsapp Pay and Walmart-Phonepe. The company attributes its growth to increased trust and adoption of the […]

Paytm dominates UPI merchant payment with 60% share

New Delhi: Digital payments firm Paytm on Monday said it enabled seven crore UPI-based merchant transactions out of the total 12 crore transactions in the country in May 2019. The firm has also enabled its 1.2 crore partner merchants so far to accept payments through Paytm BHIM UPI. “The platform clocked over 70 million (seven […]

Paytm Payments Bank ahead of major banks in digital transaction target

New Delhi: Paytm Payments Bank has received a target of 501.16 crore digital transactions for the financial year 2019-20 from the Ministry of Electronics and Information Technology (MeitY), higher than the targets set for major banks including HDFC Bank, ICICI Bank and Punjab National Bank. In a statement, Paytm Payments Bank said it is only […]

Paytm rolls out women exclusive 'Social Community Platform'

New Delhi: Paytm’s domestic parent company One97 Communications on Thursday introduced a “Social Community Platform” exclusively for women as an interactive social feed, in partnership with an online womens community — “Sheroes”. This is an interactive social feed where women can engage on topics including health, careers, relationships, cooking and hobbies while sharing their life […]

Secy among 3 held for blackmailing Paytm boss with stolen personal data, info

Noida: Two Paytm employees, including a woman, were among three persons arrested on Monday for allegedly trying to extort Rs 20 crore from the e-wallet giant’s founder Vijay Shekhar Sharma after threatening to leak stolen personal data and information, Noida Police said here. The arrested woman, who allegedly masterminded the extortion bid, is the secretary […]

India refuses to relax data localisation deadline, digital payment firms in a bind

New Delhi: With the government on Monday refusing to relax the Reserve Bank of India’s (RBI) October 15 deadline for data localisation, the road ahead has become tough for global digital payment providers who have sought more time to comply with the guidelines. The RBI guidelines say that all digital payment firms like Google Pay, […]

Reliance Energy customers may get cash back using PayTM

Mumbai: Reliance Energy on Tuesday announced an exclusive offer for consumers paying power bills through PayTM with a daily lucky draw of cashbacks for a month starting November 15, an official informed. The offer, in line with the company’s commitment to the ‘Digital India’ initiative, can be availed by using promo code REL1000 to pay […]

Paytm launches BHIM UPI payments

New Delhi: Mobile payments platform Paytm on Tuesday said it has introduced payments using BHIM UPI (unified payments interface) on its platform. According to the company, users can create their own Paytm BHIM UPI ID on the app, which will be issued by Paytm payments bank. “Paytm users can link any of their savings bank […]