comscore Paytm crosses 100 million UPI handles milestone for Payments Bank
News

Paytm crosses 100 million UPI handles milestone for Payments Bank

Paytm also notes that there are now 300 million Paytm wallets at present and 220 million saved cards along with 55 million bank accounts.

  • Published: February 12, 2020 6:27 PM IST
Paytm

Paytm has announced that its Payments Bank Ltd platform has crossed the 100 million mark for UPI payment handles. The company also notes that there are now 300 million Paytm wallets at present and 220 million saved cards along with 55 million bank accounts. It recently launched a new Android based all-in-one POS device for merchants to accept payment through a variety of methods, for which the company claims to serve over 16 million merchant partners across the country. Also Read - Paytm Vodafone Cashback ऑफर मिलेंगे 2500 रुपये तक के बेनिफिट, जानें ऑफर

“We have embraced UPI since its launch and have expanded its reach to the small cities and towns. Our focus remains on expanding UPI payments at offline retail stores. We will continue to leverage UPI into all our products and offerings,” said Satish Gupta, MD & CEO, Paytm Payments Bank. Also Read - Vodafone Paytm cashback offer allows users to save up to Rs 2,500; details

Paytm Payments Bank Ltd (PPBL) of the Paytm from One97 Communications Ltd (OCL) leverags UPI network to offer a host of services for all wallet users and merchants across the country. Talking about the all-in-one POS device, the Android based machine can accept Paytm Wallet, all UPI based apps, Debit & Credit Cards and cash. It comes loaded with billing, payments, and customer management software, noted Paytm in a press statement on Wednesday. Also Read - Reliance Jio takes on PhonePe, Google Pay and Paytm with UPI payments service on My Jio App

The Paytm Founder and CEO, Vijay Shekhar Sharma, had launched the all-in-one POS device last week in Bengaluru with Industry’s veteran Nandan Nilekani, Co-founder and Chairman, Infosys and founding Chairman UIDAI.

Watch Video: Best non-Chinese smartphones in India

“Over the past 18 months, we have invested a lot of time in understanding the needs of small businesses around digital payments. Today, we are launching this incredible Paytm All-in-One POS device with a super sleek android form factor with cloud services. This device offers a comprehensive business tool right on the desk of millions of small businesses. We strongly believe that offerings like these will help expand the market and drive further acceptance of digital payments, and at the same time enable our merchant partners to operate their business more efficiently,” said Sharma.

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel.
  • Published Date: February 12, 2020 6:27 PM IST



new arrivals in india

Samsung Galaxy M51
Samsung Galaxy M51

24,999

Poco M2
Poco M2

10,999

Oppo F17 Pro
Oppo F17 Pro

22,990

Realme 7 Pro
Realme 7 Pro

19,999

Realme 7
Realme 7

14,999

Xiaomi Redmi 9A
Xiaomi Redmi 9A

6,799

Vivo Y20
Vivo Y20

12,990

Xiaomi Redmi 9
Xiaomi Redmi 9

8,999

Nokia 5.3
Nokia 5.3

13,999

Motorola Moto G9
Motorola Moto G9

11,499

Realme C15
Realme C15

9,999

Realme C12
Realme C12

8,999

Samsung Galaxy Note 20
Samsung Galaxy Note 20

77,999

Xiaomi Redmi 9 Prime
Xiaomi Redmi 9 Prime

9,999

Oppo Reno4 Pro
Oppo Reno4 Pro

34,990

Samsung Galaxy M01 Core
Samsung Galaxy M01 Core

5,499

Realme 6i
Realme 6i

12,999

Asus Rog Phone 3
Asus Rog Phone 3

49,999

OnePlus Nord
OnePlus Nord

24,999

Infinix Smart 4 Plus
Infinix Smart 4 Plus

7,999

Xiaomi Redmi Note 9
Xiaomi Redmi Note 9

11,999

Samsung Galaxy M01s
Samsung Galaxy M01s

9,999

Vivo X50 Pro 5G
Vivo X50 Pro 5G

49,990

Vivo X50 5G
Vivo X50 5G

34,990

Realme C11
Realme C11

7,499

Poco M2 Pro
Poco M2 Pro

13,999

Realme X3
Realme X3

24,999

Realme X3 SuperZoom
Realme X3 SuperZoom

27,999

Tecno Spark Power 2
Tecno Spark Power 2

9,999

Oppo A12
Oppo A12

9,990

Oppo A52
Oppo A52

16,990

Samsung Galaxy A21s
Samsung Galaxy A21s

15,999

Oppo Find X2
Oppo Find X2

64,990

Motorola One Fusion Plus
Motorola One Fusion Plus

17,499

Samsung Galaxy A31
Samsung Galaxy A31

20,999

Samsung Galaxy M01
Samsung Galaxy M01

8,999

Samsung Galaxy M11
Samsung Galaxy M11

10,999

Infinix Hot 9 Pro
Infinix Hot 9 Pro

9,999

LG Velvet
LG Velvet

Price Not Available

Xiaomi Mi Note 10 Lite
Xiaomi Mi Note 10 Lite

Price Not Available

Apple iPhone SE 2020
Apple iPhone SE 2020

42,500

Honor 30 Pro
Honor 30 Pro

Price Not Available

Honor 30
Honor 30

Price Not Available

OnePlus 8
OnePlus 8

44,999

OnePlus 8 Pro
OnePlus 8 Pro

54,999

Xiaomi Redmi Note 9 Pro
Xiaomi Redmi Note 9 Pro

13,999

Motorola Moto E4
Motorola Moto E4

8,999

Samsung Galaxy On Max
Samsung Galaxy On Max

9,775

nubia N2
nubia N2

15,999

Karbonn K9 Kavach 4G
Karbonn K9 Kavach 4G

5,290

Motorola Moto C Plus
Motorola Moto C Plus

6,999

Best Sellers