Digital payments firm Paytm has recorded around four-fold jump in payments received by merchants in its new ledger service amid the coronavirus pandemic, a senior company official said on Thursday
Paytm's QR-based payment solution supports all payment methods, including credit/debit cards, net banking, Paytm-BHIM UPI, and its wallet.
The offer is applied to the following Samsung devices: Galaxy Note 8, Galaxy S8+, Galaxy S8, Galaxy C9 Pro, Galaxy C7 Pro, and Galaxy J5 Prime.
Approach taken by e-commerce platforms has not tapped into millions of shopkeepers and retailers across the breadth and length of the country, feels Paytm Mall COO
Customers will receive the option to opt for a special promo code which will enable them to convert their cashback into Paytm Gold, it said.
Backed by Chinese firm Alibaba and Japanese conglomerate SoftBank, Paytm has earmarked initial investment of Rs 400 crore to build its banking network over two years.
Currently, Airtel and India Post are the only players that have started Payments Bank operations.
Paytm announced that it has rolled back the charge that was put in place to prevent misuse by some customers because it was causing inconvenience to other customers.
'App Password' is the new feature on the latest update of the Paytm app on the Android platform. This basically enables you to set a password, secure PIN, pattern or even fingerprint as a means to secure the money stored in the Paytm wallet. So that even if your phone is misplaced, no one can access your Paytm wallet without the necessary password.
In order to comply with this rule, your hassle-free ride just got a lot more complicated as Uber has tied up with Paytm's digital wallet where in those who want to book a ride will first need to put money into a virtual wallet.