Payments News

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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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Companies

Paytm to Offer Stock Broking Services Soon

“Paytm founder Vijay Shekhar Sharma, on Thursday, said that the company is going to launch stock brokerage services in a few weeks. In a fireside chat with Rajan Anandan, MD, Sequoia Capital India, in the ongoing Global Fintech Fest, Sharma said, “Payments has been the largest revenue for us. Thereafter, we started our e-commerce business […]
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Companies

Paytm Launches WeChat-like Platform for Businesses

“Businesses now have a new platform to promote their offerings. Payments player Paytm has launched ‘Paytm Mini Programs’ that enables businesses to showcase their products and services to its user base. This is similar to the WeChat Mini Apps Programs and allows a mobile website or web app to integrate with Paytm’s Mini Programs platform. […]
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Companies

Paytm Video KYC: Paytm Introduces In-app Video KYC

“Paytm Payments Bank Ltd (PPBL) will allow account-holders to complete their KYC formalities over mobile video. This follows the Reserve Bank of India’s decision to allow video KYC for completing the process remotely using the bank’s mobile application.  Customers can connect using a vide call between 9 am and 8 pm without leaving their homes […]
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Companies

Paytm Builds ‘Contactless In-store Ordering’ Solution for Restaurants After Lockdown

“Paytm on Monday said it has developed a ‘contactless in-store ordering’ solution to help restaurants and eateries minimise physical contacts for menu, billing and cash transactions after these businesses open after the lockdown. The digital payments major aims to onboard over one lakh restaurants for the solution. It is looking at tapping into top-30 cities […]
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Companies

Paytm Cuts Losses 20% As E-pays Fall

“Paytm has started curbing expenditure amid the pandemic to extend its runway. The e-payments major — India’s most valued startup at $16 billion — has been cutting costs at a rate of 15-20% in the last two months, founder and CEO Vijay Shekhar Sharma told TOI in an exclusive interview earlier this month. The development […]