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<ul><li>Samsung has partnered with <keyword id="19898109" type="General" weightage="20" keywordseo="Paytm" source="keywords" meta.keywordsubtype="org" meta.entityname="Paytm" meta.hostid="83" meta.entityid="Paytm">Paytm</keyword> to offer travel and entertainment ticket bookings in the <keyword id="20006622" type="General" weightage="100" keywordseo="Samsung-Wallet" source="keywords">Samsung Wallet</keyword> app.</li><li>Samsung users can also access tickets booked on Paytm through the Samsung Wallet app.</li><li>This comes soon after the launch of the Google Wallet app in India.</li></ul> Consumer electronics brand Samsung has partnered with One97 Communications, the parent company of Paytm to bring ticket-booking services to the Samsung Wallet in India. Samsung <keyword id="22039330" type="General" weightage="20" keywordseo="Galaxy-smartphone" source="keywords">Galaxy smartphone</keyword> users can now access Paytm's suite of services, including <keyword id="19938716" type="General" weightage="20" keywordseo="flight" source="keywords">flight</keyword> and bus bookings, movie ticket purchases, and event bookings, through the Samsung Wallet. The new feature is already live and all users have to do is update their Samsung Wallet app. “We are delighted to launch new features on Samsung Wallet in collaboration with Paytm. These features allow Galaxy smartphone users to easily purchase bus and airline tickets, as well as movie and event tickets, without needing to switch between multiple apps. Furthermore, users can access these tickets simply by swiping up on their Galaxy smartphone's home screen,” said Madhur Chaturvedi, Senior Director, MX Business, Samsung India. Galaxy users using the Paytm and Paytm Insider apps can add their tickets directly to Samsung Wallet using the 'Add to Samsung Wallet' functionality. <cmsannotation type="cmsannotation" annotationid="Samsung announces referral offer" comment="subhead" text="Samsung announces referral offer">Samsung announces referral offer</cmsannotation> Samsung has announced that it will soon roll out a referral program for the Samsung Wallet app. When you refer someone, you and your referee will both receive a ₹100 Amazon gift card when the person joins Samsung Wallet. In addition to this, Samsung and Paytm will soon announce an introductory offer, providing discount offers of up to ₹1,150 on first bookings to new users. “By combining Samsung’s cutting-edge technology with Paytm’s wide-ranging services, we are making it easier than ever for consumers to manage their bookings and payments through a single unified platform,” a Paytm spokesperson said. The partnership between the two companies comes soon after the launch of the<a href="https://www.businessinsider.in/tech/apps/news/google-wallet-launched-in-india-store-your-loyalty-cards-boarding-passes-and-more/articleshow/109941139.cms"> Google Wallet</a> app in India. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/tata-group-reportedly-looking-to-acquire-a-majority-stake-in-vivo-india/articleshow/110987274.cms">Tata Group reportedly looking to acquire a majority stake in Vivo India</a> <a href="https://www.businessinsider.in/tech/mobile/webstories/best-smartphones-under-30000-in-india/slidelist/110995645.cms">Best smartphones under ₹30,000 in India</a> <a href="https://www.businessinsider.in/tech/apps/news/whatsapp-now-allows-video-calls-with-32-people-screen-sharing-and-more/articleshow/110990939.cms">WhatsApp now allows video calls with 32 people, screen sharing and more</a>

Samsung Wallet gets ticket booking services as it partners with Paytm

For any business to grow successfully, digitisation is the key. As mobile payments are becoming mainstream, <keyword id="6357120" type="General" weightage="20" keywordseo="paytm" source="Orion">Paytm</keyword> has played a key role in this transformation, empowering millions of merchants with comprehensive payment instruments. The fintech giant has been driving innovation with solutions for merchants to easily adopt in a technology-first world. Paytm Card Machine has emerged as a preferred choice among merchants, enabling them with a one-stop solution for all their business needs. With Paytm Card Machine, customers can make payments with multiple payment modes including UPI, Wallet, Credit /Debit card, and Net Banking. While card swiping machines have been in place before mobile payments came into the play, Paytm Card Machine’s all-in-one features has made the company’s card machine more popular among merchants. The smart device can be used anywhere from restaurants, cafes or even while out on deliveries. <div type="Youtube" id="d7SKxzr1CuQ" title="How Paytm Card Machine Transformed in-store Payments For Merchants" thumbUrl="https://i.ytimg.com/vi/d7SKxzr1CuQ/mqdefault.jpg"><url><![CDATA[https://www.youtube.com/watch?v=d7SKxzr1CuQ]]></url></div> The portable Paytm Card Machine eases payments acceptance for merchants and is packed with features that enables them to manage the whole store from the device. It allows merchants to easily print bills and track sales as it comes with an in-built scanner and printer wherein a merchant can also print GST compliant bills. Additionally, the in-built scanner of Paytm Card Machine allows merchants to scan the barcodes on the products and details like quantity, price and the product name will reflect in the bill. This helps in reducing time and effort for merchants in manually adding these details, ensuring hassle-free and quick billing. Moreover, the all-in-one Paytm Card Machine is also capable of customising solutions based on merchants’ needs and industry specific requirements for those in retail, hotel and restaurants, ticketing etc. The device can also be used to track sale performance and track inventory. Paytm has also partnered with more than 20 banks to enable special offers and discounts for customers on the purchase of high ticket items. Adding to it, Paytm All-in-One card machine is a portable device that not only allows merchants to accept card and QR payments but also has EMI feature enabled, driving affordability for consumers. This means while buying a product a consumer can also convert the cost of purchase into small repayments making it an affordable purchase. It also helps the merchant retain their customers while increasing the ticket size of transactions. Paytm’s operating performance of July showed a strong growth momentum in the merchant payment volume (GMV) and increase in devices deployed across the country. Its leadership in in-store payments has strengthened with 82 lakh devices deployed as of July 2023, an increase of 3.8 lakh devices from last month and 41 lakh devices year-on-year. Disclaimer: This article is generated and published by the Insider Studios team. You can get in touch with them on insiderstudios@businessinsider.in

Fintech pioneer Paytm is expanding its in-store payments leadership with its All-in-One Card Machine

With each passing day, the reach of India’s payments pioneer <keyword id="6357120" type="General" weightage="100" keywordseo="paytm" source="Orion">Paytm</keyword> has only been widening. The company’s constant innovations have made it a household name across the country. Paytm has revolutionized payments in India with its QR code solution and its pioneering IoT device Paytm Soundbox which established digital payments as safe and trustworthy for both consumers and merchants. The <keyword id="2461546" type="General" weightage="50" keywordseo="fintech" source="Orion">fintech</keyword> giant's groundbreaking work in taking QR payments to the remotest corners of the country was highlighted by a user on Twitter. AIIMS Jodhpur Surgeon, Dr Tanmay Motiwala, in a recent tweet showed how Paytm has taken UPI payments to every nook and corner of the country. "I was on the outskirts of a small town in Bastar district in Chhattisgarh today. This small Dhaba owner in the midst of a highway crossing through forest cover had this UPI payment option available. Such is the story of the success of UPI," Motiwala said in a tweet. <div type="twitter" handle="Least_ordinary" handlename="Dr. Tanmay Motiwala" image="http://pbs.twimg.com/profile_images/1416400675240513542/o5hXEJqF_normal.jpg" favoritecount="351" retweetcount="10" status="I was in the outskirts of a small town in bastar district in Chhattisgarh today.This small Dhaba owner in the mids… https://t.co/TfUj56rZRp" createdat="1679416146000" id="1638216169533460481"></div> Paytm Founder, Vijay Shekhar Sharma, in a quote tweet to Motiwala's tweet, said '#PaytmKaro'. <div type="twitter" handle="vijayshekhar" handlename="Vijay Shekhar Sharma" image="http://pbs.twimg.com/profile_images/1567558193429217281/e6JbIoQ3_normal.jpg" favoritecount="60" retweetcount="2" status="#PaytmKaro https://t.co/Tut4O2axDK" createdat="1679473825000" id="1638458094954115072"></div> From dhabas, fish vendors to cart vendors, Paytm has revolutionised mobile payments in India through the ease and convenience that it offers. A picture of a Paytm Soundbox with its All-In-One QR code at a Gurudwara has also gone viral on social media, highlighting the widespread adoption of Paytm. <div type="twitter" handle="jasuja" handlename="Monica Jasuja" image="http://pbs.twimg.com/profile_images/1618495000375070720/NCT-WjUp_normal.jpg" favoritecount="55" retweetcount="4" status="The ubiquity of the sound box and QR in India never ceases to amaze me, into a magical feeling know India’s Digital… https://t.co/7n3rDaFPlI" createdat="1678034318000" id="1632420366282014720"></div> “The ubiquity of the sound box and QR in India never ceases to amaze me, into a magical feeling now India’s Digital Payments future is bright &amp; full of huge opportunities to make India cashless,” tweeted Monica Jasuja along with the picture. Other users agreed with the sentiment, saying the picture reflects the incredible digital revolution happening in India thanks to Paytm. “Forever, in awe of the ubiquitous QR Code, that homegrown instant payment system remade commerce, pulling millions into the formal economy,” replied one user. Nithin Kamath, the billionaire co-founder of India’s largest stock broking firm <keyword id="759851" type="General" weightage="50" keywordseo="zerodha" source="Orion">Zerodha</keyword> recently praised Paytm Soundbox, calling it one of the best examples of a product made specifically for the Indian context. <div type="twitter" handle="Nithin0dha" handlename="Nithin Kamath" image="http://pbs.twimg.com/profile_images/1605244931953807360/nnflPFas_normal.jpg" favoritecount="6147" retweetcount="498" status="India is unique. Copy-pasting models from the US, etc, has hardly worked. Paytm's speaker for Indian vendors that r… https://t.co/XhNXNcP4QD" createdat="1680761010000" id="1643856938407714818"></div> He tweeted, “India is unique. Copy-pasting models from the US, etc, has hardly worked. Paytm's speaker for Indian vendors that reads out payments is one of the best examples of a product made specifically for the Indian context by an Indian fintech.” Recently, VC firm Blume Ventures’ Indus Valley Annual Report 2023 cited Paytm Soundbox as an example of smart innovation by Paytm to reduce merchant friction and enhance merchant convenience while using that to drive monetization. <div type="twitter" handle="amal_vats" handlename="Amal Vats" image="http://pbs.twimg.com/profile_images/1491773988120723456/DTkF-Kyo_normal.jpg" favoritecount="24" retweetcount="0" status="Also, an example of a superb innovation by Paytm to reduce merchant friction and enhance merchant convenience! https://t.co/RkQYldpvYH" createdat="1677833488000" id="1631578022326448130"></div> “As UPI payments grew, and customers and merchants reported friction around payment reconciliation (SMS inbox fill limits of merchants' phones were a big issue), Paytm looked for solutions to enable real time updation without SMS dependency,” the report stated. It added that Paytm has been consistently selling 1 million Soundboxes every quarter and the device accounts for about 8% of its overall revenues at Rs 50 crore monthly. According to the fintech giant’s latest operating performance update, the number of merchants paying subscription for payment devices like Soundbox has reached 6.8 million as of March 2023. By partnering with a variety of merchants, including small businesses, to offer its payment services, Paytm has been able to successfully reach customers across all demographics. This has made it easy for people in even the most remote areas of the country to use Paytm to pay for goods and services. Disclaimer: This article is generated and published by the Insider Studios team. You can get in touch with them on insiderstudios@businessinsider.in

Paytm’s pioneering Soundbox and QR code images go viral on social media, highlighting the widespread adoption of Paytm

<ul><li><keyword id="193629" type="General" weightage="20" keywordseo="NPCI" source="Orion">NPCI</keyword> has issued a circular on <keyword id="4536765" type="General" weightage="20" keywordseo="interchange-fees" source="Orion">interchange fees</keyword> on <keyword id="6358921" type="General" weightage="100" keywordseo="upi" source="Orion">UPI</keyword> transactions done via prepaid payment instruments.</li><li>Additionally, the circular also mentions that wallet providers like PhonePe, Paytm and others will have to pay a fee when users load more than ₹2,000 into their <keyword id="727091" type="General" weightage="20" keywordseo="wallets" source="Orion">wallets</keyword> via UPI.</li><li>Here’s a complete breakdown of which <keyword id="3679109" type="General" weightage="20" keywordseo="UPI-payments" source="Orion">UPI payments</keyword> will attract charges, who will have to pay these charges and more.</li></ul>The National Payments Corporation of India (NPCI) has introduced an interchange fee of up to 1.1% on UPI transactions done via prepaid payment instruments (PPI) from April 1. The charge will be applicable on payments of over ₹2,000, but it has caused confusion amongst users as to who will be charged for these transactions and which payment modes will be chargeable. “The interchange charges introduced are only applicable for the PPI merchant transactions and there is no charge to customers, and it is further clarified that there are no charges for the bank account to bank account based UPI payments (i.e. normal UPI payments),” NPCI said in a statement on Wednesday. We try to cut through the jargon and decode exactly what will happen from April 1 and how it will affect you. <cmsannotation type="cmsannotation" annotationid="What does the NPCI circular say?" comment="subhead" text="What does the NPCI circular say?">What does the NPCI circular say?</cmsannotation> According to the NPCI circular, first reported by<a href="https://www.cnbctv18.com/business/ppi-charges-upi-rural-india-digital-payments-16285871.htm"> CNBC-TV18</a>, UPI transactions done via prepaid payment instruments will now attract an interchange fee of up to 1.1%. This fee will be applicable on transactions of over ₹2,000. This will also be applicable on loading money in wallets via UPI. <cmsannotation type="cmsannotation" annotationid="Will this affect payments to friends, family or any other person via UPI?" comment="subhead" text="Will this affect payments to friends, family or any other person via UPI?">Will this affect payments to friends, family or any other person via UPI?</cmsannotation> Payments made via UPI to friends, family or any other individual or a merchant’s bank account will not be affected by this interchange fee. Essentially, peer-to-peer (P2P), and peer-to-peer-merchant (P2PM) transactions remain unaffected. You will be able to send money from your bank account to another person or merchant’s bank account via UPI without any charges. <cmsannotation type="cmsannotation" annotationid="What is a prepaid payment instrument?" comment="subhead" text="What is a prepaid payment instrument?">What is a prepaid payment instrument?</cmsannotation> Wallets, preloaded gift cards are prepaid payment instruments (PPI). Some examples of wallets include <keyword id="3032681" type="General" weightage="20" keywordseo="paytm-wallet" source="Orion">Paytm Wallet</keyword>, PhonePe Wallet, Amazon Pay, Freecharge Wallet, etc. Gift cards include <cmsannotation type="cmsannotation" annotationid="What is a PPI payment via UPI?" comment="subhead" text="What is a PPI payment via UPI?">What is a PPI payment via UPI?</cmsannotation> A PPI payment via UPI means a transaction done via a wallet, like Paytm Wallet, through a UPI QR code. For instance, if you have money in your Paytm Wallet and want to make a payment via a merchant’s UPI QR code, then on transactions above ₹2,000, an interchange fee of up to 1.1% will be levied. <cmsannotation type="cmsannotation" annotationid="What is the interchange fee?" comment="subhead" text="What is the interchange fee?">What is the interchange fee?</cmsannotation> Interchange fee is a fee that is charged by the receiver bank/payment service provider to the merchant. <cmsannotation type="cmsannotation" annotationid="Who will pay these charges?" comment="subhead" text="Who will pay these charges?">Who will pay these charges?</cmsannotation> For example, if you are making a PPI payment via UPI at a store, and the QR code is that of PhonePe, then PhonePe will receive the applicable interchange fee from the merchant. This is similar to how merchants are charged for payments made by users via credit cards – also known as merchant discount rate (MDR). Users will not be charged for these transactions. In case of loading money in wallets via UPI, you will not have to pay any charges just yet – that is of course until wallet providers like Paytm and PhonePe, among others, decide to pass on the charge to users. <cmsannotation type="cmsannotation" annotationid="Which transactions will be affected because of this?" comment="subhead" text="Which transactions will be affected because of this?">Which transactions will be affected because of this?</cmsannotation> <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Merchant category </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Interchange fee </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Max. charges </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Convenience stores </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.1% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NA </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Statutory payments </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.0% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹10 </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mutual fund </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.0% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹15 </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Insurance </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.0% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹10 </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Railways </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.0% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5 </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Supermarket </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.9% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NA </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Telecom </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.7% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NA </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Utilities </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.7% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NA </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Education </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.7% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹15 </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Agriculture </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.7% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹10 </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Real estate </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.7% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NA </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Fuel </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.5% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NA </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/increased-competition-delayed-tariff-hikes-could-effectively-lead-to-a-jio-airtel-duopoly/articleshow/99065537.cms">Increased competition, delayed tariff hikes could effectively lead to a Jio-Airtel duopoly</a> <a href="https://www.businessinsider.in/business/corporates/news/adani-group-stocks-tumble-eroding-53291-crore-market-capitalisation-today/articleshow/99057169.cms">Adani group stocks tumble, eroding ₹58,240 crore market capitalisation: All ten stocks close in red</a> <a href="https://www.businessinsider.in/tech/news/top-chatgpt-4-plugins-from-math-physics-and-language-tutor-to-vacation-planner/articleshow/99036667.cms">Top ChatGPT 4 plugins: From math, physics and language tutor to vacation planner</a>

Will UPI payments now attract charges? Decoding NPCI’s interchange fee on UPI transactions via prepaid payment instruments

Digital payments and services app <keyword id="19898109" type="General" weightage="20" keywordseo="paytm" source="keywords">Paytm</keyword> is working and will continue to work as usual even after February 29, its CEO <keyword id="20004114" type="General" weightage="100" keywordseo="vijay-shekhar-sharma" source="keywords">Vijay Shekhar Sharma</keyword> said on Friday. The founder and CEO of One97 Communications Ltd (OCL), which owns Paytm brand, on social media platform X said the company is committed to serving the nation in full compliance. "To every Paytmer, Your favourite app is working, will keep working beyond 29 February as usual," Sharma said. RBI has barred Paytm Payments Bank Ltd (PPBL) from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024. OCL holds a 49% stake in PPBL but classifies it as an associate of the company and not as a subsidiary. "I with every Paytm team member salute you for your relentless support. For every challenge, there is a solution and we are sincerely committed to serve our nation in full compliance. India will keep winning global accolades in payment innovation and inclusion in financial services - with PaytmKaro as the biggest champion of it," Sharma said. The Paytm top management during an earning call on Thursday said they are working on a migration plan for PPBL, wallet, FASTag etc users with other banks. The company sees the RBI order to have an impact of Rs 300-500 crore on its annual operational profit as its customers will not be able to add money to their wallets, FASTag etc. Separately, the company informed that its offline merchants network offering and device business like Paytm Soundbox, EDC, QR are not impacted by the Reserve Bank of India's (RBI) direction to its associate bank. The fintech company will also continue onboarding merchants to its platform. "The Paytm Payment Gateway business (online merchants) will continue to offer payment solutions to its existing merchants. Other financial services such as loan distribution, insurance distribution and equity broking, are also not in any way related to Paytm's associate bank and are expected to be unaffected by this direction," the company said. Paytm said that the RBI order also does not impact user deposits in their savings accounts, wallets, FASTags and NCMC (National Common Mobility Card) accounts, and they can continue to use the existing balances. RBI has ordered PPBL to settle all pipeline transactions and nodal accounts (in respect of all transactions initiated on or before February 29, 2024) by March 15, 2024 and no further transactions would be permitted thereafter. Sharma during the call had said that RBI order is a "big speed bump" and shared that he could not understand the trigger for the move and he was not aware of the exact nuance that triggered the order. "On behalf of Paytm I can say it is more of a big speed bump but it is something that we believe that with partnership of other banks and capabilities that we have already developed, we will be able to see through in the next few days or quarters as the case will be," he had said.

Paytm app will continue to work beyond Feb 29 as usual: CEO Vijay Shekhar Sharma

The app-led digital payments revolution in India started almost a decade ago and played a definitive role in empowering citizens for years. But a majority of single-service fintech apps are losing their relevance with the growing popularity of super apps, which offer a wide range of payments and financial services to consumers under a single platform. This is an area where <keyword id="6357120" type="General" weightage="100" keywordseo="paytm" source="Orion">Paytm</keyword>, India’s best known fintech company, has a clear first mover advantage. After pioneering the QR and mobile payments revolution in India, Paytm is now leading the fintech revolution with its all-inclusive platform. Here are 5 ways how the company is reinforcing its stronghold as India’s leading digital and financial services with its <keyword id="3848715" type="General" weightage="80" keywordseo="super-app" source="Orion">super app</keyword>: Widest range of payment services for consumers With the <keyword id="13945656" type="General" weightage="80" keywordseo="paytm-super-app" source="Orion">Paytm Super App</keyword>, consumers have access to the widest range of payment services including mobile and DTH recharges, paying utility bills and rent, money transfers, merchant payments, booking movie and event tickets and for all kinds of travel purposes. Consumers can even pay their credit card bills and education fees through the <keyword id="15151100" type="General" weightage="80" keywordseo="paytm-super" source="Orion">Paytm Super</keyword> App. With so many payment services under a single platform and the industry-best success rates, consumers can fulfill their daily payments seamlessly without needing multiple apps. With this, Paytm is playing a critical role in shaping the future of digital payments with its super app. One-stop platform for all financial services The Paytm Super App is one of the few fintech platforms in the country that offers a complete range of financial services on its platform, ranging from loan distribution to credit cards and even insurance. On the app, eligible users can get a personal loan or opt for <keyword id="5988397" type="General" weightage="50" keywordseo="paytm-postpaid" source="Orion">Paytm Postpaid</keyword> (Buy-now-pay-later) in just a few minutes. They can also opt for other financial services like insurance, loan repayment and more. It may be noted that Paytm created the country’s first ever Super App where payments and financial services were bundled together. This has proved to be largely successful, given the fact that most fintech platforms are now trying to replicate this model. Empowering users with flexible payments instruments One of the biggest advantage that the Paytm Super App has over its competitors is the flexible payments instruments that it offers for its millions of customers – they can pay through a host of payment instruments like <keyword id="3032681" type="General" weightage="50" keywordseo="paytm-wallet" source="Orion">Paytm Wallet</keyword>, <keyword id="6358921" type="General" weightage="50" keywordseo="upi" source="Orion">UPI</keyword>, Credit and Debit Card, net banking, Paytm Postpaid (BNPL) and more. Besides conventional payments at offline and online stores, the Paytm Super app also lets users set up recurring or automatic bill payments for OTT subscriptions, utility recharges, loan repayments and more. With this, the Paytm Super App has enabled an integrated ecosystem that not only provides seamless payments services to consumers, but also helps merchants to accept payments with ease. Services beyond payments and financial services While payments and financial services constitute the core offerings on the Paytm Super App, the platform also allows consumers to access hundreds of other services. On the super app, consumers can also access a wide range of health services including ordering medicines, getting an ABHA card, finding blood banks, downloading vaccine certificates and more. Leading the digital payments ecosystem with record user engagement With the widest pool of payments and financial services, the Paytm Super App continues to play a decisive role in generating record user engagement, which is integral to Paytm’s business model, monetization and strong revenue growth. Consumer engagement is at its highest on Paytm Super-App with average monthly transacting users (MTU) at 78.8 million for the two months ended August 2022, up 40% y-o-y. The Paytm Super App has not only provided a massive push to user engagement, but also ensured higher customer retention by giving them access to a host of payments and utility services under one platform. Today, the Paytm Super App has become a one-stop destination for diverse needs of millions of users as it gives the most comprehensive choices in comparison to all its competitors and this is the reason why it is championing the country’s digital payments ecosystem. Disclaimer: This article is generated and published by the Insider Studios team. You can get in touch with them on insiderstudios@businessinsider.in

5 ways how Paytm Super App is championing the digital payments ecosystem in India

The average monthly transacting users on <keyword id="6357120" type="General" weightage="100" keywordseo="paytm" source="Orion">Paytm</keyword> has been rapidly increasing. As of March 2022, the <a href="https://paytm.com/documents/financial-results/fy2021-22/Paytm-Update-Operating-Performance-Q4-FY22-February2022.pdf">figure</a> stood at 69.5 million for the first two months of the year. This shows a 41% growth from last year! Paytm’s <keyword id="6358920" type="General" weightage="80" keywordseo="wallet" source="Orion">Wallet</keyword> has been monumental to this growth. It is a safe and secure way for people to transfer money to other Paytm wallets or directly to their bank accounts. Not just that, a Paytm user can also transfer money to their bank account through the <a href="https://paytm.com/paytmmp://cash_wallet?featuretype=add_money&amp;tab=wallet&amp;source=6" data-type="tilCustomLink" target="_blank">Paytm Wallet</a> — all at zero cost! Let’s understand how you can do that too. <cmsannotation type="cmsannotation" annotationid="How to transfer money from Paytm Wallet to someone’s bank account" comment="subhead" text="How to transfer money from Paytm Wallet to someone’s bank account">How to transfer money from <keyword id="3032681" type="General" weightage="80" keywordseo="paytm-wallet" source="Orion">Paytm Wallet</keyword> to someone’s bank account</cmsannotation> Transferring money to someone’s bank account is super easy and more importantly, completely free of cost! Just follow the steps below: <ol><li>Open the Paytm app on your phone</li><li>Scroll to the ‘<keyword id="14505819" type="General" weightage="50" keywordseo="my-paytm" source="Orion">My Paytm</keyword>’ section on the app’s home screen</li><li>Select ‘Paytm Wallet’ from the options present</li><li>Choose the ‘Transfer to Bank’ option from the four options available</li><li>Now, input the amount you wish to transfer from your wallet to the bank account. This amount can vary from Rs. 20 to Rs. 25,000</li><li>Add the account details of the bank in which you wish to transfer money. In case you’ve transferred the amount to the said bank before, you can simply click on the saved account details </li><li>To add a new bank account, you have to input the recipient’s bank account number, <keyword id="373618" type="General" weightage="50" keywordseo="ifsc" source="Orion">IFSC</keyword> and name </li><li>Once these details are entered, click on ‘Proceed’</li><li>Tap on ‘Confirm’</li></ol> Just like that, you’re all done, that too completely free of charges! <cmsannotation type="cmsannotation" annotationid="How to transfer money from Paytm Wallet to your own bank account" comment="subhead" text="How to transfer money from Paytm Wallet to your own bank account">How to transfer money from Paytm Wallet to your own bank account</cmsannotation> It is even simpler to transfer your unused wallet <keyword id="60167" type="General" weightage="20" keywordseo="balance" source="Orion">balance</keyword> back to the bank without any charges. <ol><li>Follow steps 1-5 listed above</li><li>Enter the amount and confirm</li></ol> You’ve just transferred money to your account with zero charges! <cmsannotation type="cmsannotation" annotationid="How to transfer money from Paytm Wallet to someone’s bank account through a QR Code" comment="subhead" text="How to transfer money from Paytm Wallet to someone’s bank account through a QR Code">How to transfer money from Paytm Wallet to someone’s bank account through a QR Code</cmsannotation> The QR code in the Paytm Wallet makes the task of transferring money to the bank quick and hassle-free. You can transfer money for free by following the below steps: <ol><li>Click on the ‘Pay’ option on the app’s home screen</li><li>Scan the UPI QR code of the recipient </li><li>Make the payment into the recipient’s bank account through your Paytm wallet</li></ol> Similarly, money can be transferred for free from your Paytm Wallet to someone else’s bank account by entering the receiver’s mobile number manually or selecting their contact from the phone book on your mobile. <cmsannotation type="cmsannotation" annotationid="Free bank transfer with Paytm Wallet" comment="subhead" text="Free bank transfer with Paytm Wallet">Free bank transfer with Paytm Wallet</cmsannotation> Paytm Wallet can be used for a variety of reasons. Whether you have to pay bills or recharge your mobile phone or book flight tickets or even do online shopping, Paytm Wallet’s many offerings take care of your needs — at no hidden cost to you or the receiver! Because Paytm does not charge anything to transfer money to the bank account, it has become people’s number one choice for online transfers and payments. It is important to note that to be able to transfer money from the Paytm wallet to the bank account, the wallet should have some balance. After that, the process is uncomplicated and effortless. This RBI-approved wallet is completely secure and super convenient to use. And with its zero-cost transfer money to bank feature, it has become even more lucrative to people! Disclaimer: This article is generated and published by the <keyword id="14028703" type="General" weightage="50" keywordseo="insider-studios" source="Orion">Insider Studios</keyword> team. You can get in touch with them on <a href="mailto:insiderstudios@businessinsider.in">insiderstudios@businessinsider.in</a>]

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5 ways how Paytm Super App is championing the digital payments ecosystem in India

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Looking to transfer money from Paytm wallet to a bank account? Here’s how to do it in five easy steps

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