Delhi Metro: On October 5, Delhi Metro Rail Corporation announced the expansion of its innovative WhatsApp-based ticketing system to all lines, covering Delhi NCR, including the Gurugram Rapid Metro in collaboration with Meta and their authorised partner Pelocal Fintech Private Limited.
Paytm has reported a significant boost in its Ganesh Chaturthi sales by offering special discounts on the Paytm se ONDC Network. According to the company, users can enjoy discounts of up to 40% on products from more than twenty popular merchants in the country
UPI Lite is a better option for those individuals who frequently make small payments. It offers flexibility and convenience, allowing users to add up to Rs 2,000 to their UPI Lite account twice a day, with a daily limit of Rs 4,000.
The Paytm ONDC platform, powered by PEPL, was a pioneer in going live with ONDC and currently offers an extensive array of products and services. Supported by the Indian government, Open Network for Digital Commerce (ONDC) aims to democratize the e-commerce landscape in the country.
The company said its merchant payments volume (GMV) grew 37 per cent year-on-year to Rs 4.05 lakh crore in the April-June quarter of FY 2023-24.
By following these straightforward steps, you can conveniently check your FASTag balance using popular payment apps like Google Pay, Paytm, and PhonePe. This allows you to stay informed about your toll tax balance and ensure a smooth travel experience at toll plazas.
Protect your payments: Activate biometric lock in popular mobile payment apps with easy step-by-step instructions.
The partnership between Paytm Payments Bank Limited (PPBL) and MG Infra Solutions brings the convenience of digital payments to car parking services in Noida. With the use of Paytm FASTag, individuals can now make cashless payments for parking fees, eliminating the need for physical currency.
While PhonePe and Google Pay are focused on UPI P2P, Paytm has taken the cake with its diversification of business. In fact, Paytm has been focused on merchant payments, where it actually makes money.
"Ever since then, small boards with Quick Response (QR) codes have been put up outside these temples by Paytm. Rs 67 lakh have been received by the BKTC through these QR codes by way of donations," the temple authority said.
RuPay credit cards can also be linked to UPI, allowing users to pay using popular UPI apps like Paytm, PhonePe, and Google Pay.
Paytm UPI Lite facilitates lightning-fast UPI payments even when banks face success rate issues during peak transaction hours.
Under the MoU, Paytm has planned to empower merchants, street vendors and 'ChiruVyaparulu' (street hawkers) in the state to accept digital payments and provide them access to loans through its lending partners.
Paytm is enabling online ticket booking across major cities of Bengal including Kolkata, Digha, Barasat, Haldia, Purulia, Durgapur, Habra, Asansol and Malda. The company has collaborated with 2,500 bus operators.
Customers can purchase ‘Cancel Protect’, starting at a premium of ₹149 for Flight tickets and ₹25 for Bus tickets. The customer can claim a 100% refund with ‘Cancel Protect’ for trips that are cancelled through Paytm at least 24 hours before the scheduled departure time for flights.
Paytm has played a vital role in the mobile payments revolution in India, as one of the pioneer of QR code payments. The special commemorative QR Code features logos of MeitY’s DigiDhan Mission along with those of the G20 2023 and 75th year of India’s independence.
The company has calculated an incentive of Rs 130 crore from UPI transactions in three quarters but Sharma said that the incentive may technically make the fourth quarter a free cash flow positive quarter but Paytm will report as a one-time item.
The National Payments Corporation of India (NPCI) released UPI Lite to simplify small ticket transactions up to Rs. 200, last year. Now, UPI Lite will be made available on Paytm and PhonePe's applications soon.
Vijay Shekhar Sharma, MD & CEO of Paytm has been insisting that Paytm is on its path of achieving EBITDA profitability by quarter ending September 2023.
Paytm's monthly transacting users (MTU) was up 32 per cent from 64 million in December 2021 to 85 million in December 2022. The Gross Merchandise Value (GMV) processed through the platform saw a 38 per cent growth y-o-y in December to Rs 3.46 lakh crore.
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