Payments News

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Companies

Paytm Labs Launches ML-Powered Fraud Risk Management Platform

“Paytm Labs, the advanced R&D division of fintech giant Paytm, has launched Pi, an ML-powered fraud risk management (FRM) platform designed for fintechs, banks and eCommerce marketplaces with high transaction volumes. Pi was developed from scratch at its innovation lab. The company states existing fraud management systems were not fast enough or robust enough to […]
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Companies

Paytm is Losing Appeal Despite Ambitious Growth Plans and Past Success

“Paytm has been successful in the past decade, thanks primarily to the growing digitization trend in India. It also benefited from the demonetization initiative of the Government of India in 2016, followed by the pandemic in 2020. However, it encountered opposition from competitors in its core themes—from Google Pay and PhonePe in mobile payments and […]
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Companies

UBS Fund Pursues $400 Million Stake in SoftBank-Backed Paytm

“UBS Group AG is in talks to invest $400 million in Paytm, the most valuable Indian startup, in a bet on the surging digital payments market in the world’s second-most populous country, people with knowledge of the matter said.    A fund run by UBS’s asset management arm is in discussions to buy a stake […]
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Companies

Paytm announces 0% fee on wallet payments for merchants

“Fintech major Paytm on Thursday announced that that merchants can now receive unlimited payments through Paytm Wallet at 0% fee, along with UPI and Rupay Cards. “The move will benefit more than 17 million merchants who will enjoy a 0% fee on all their digital payments with direct settlement in their bank accounts,” the company […]
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Companies

Paytm Payment Gateway Launches Same-Day Bank Settlement for Businesses

“Paytm, India’s leading payment gateway service provider onTuesday announced the launch of same-day settlement facility for all kinds of fund transfers on its payment gateway. This will help business partners to settle money transfers anytime in their bank account on the same day of receiving payment, without waiting for the next day.”
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