Wednesday, November 6

Tag: digital payments platform

Paytm Claims to Fetch Over 30 Lakh Rural and Semi-Urban Users
News

Paytm Claims to Fetch Over 30 Lakh Rural and Semi-Urban Users

With 186 million users as of December 2017, India’s most popular digital payments platform Paytm has witnessed an increase in the customers from semi-urban and rural parts of the country. Paytm believes that the rural people are using its service more than in metro cities or urban regions. The digital company Paytm that works on cashless transactions through its smartphone application and QR code solutions claims to have its strong influential existence in more than 3 lakh villages in the country. It also affirms to have engaged over 30 lakh merchants accepting digital payments across villages and small towns like Kangra, Angul, Unnao, Kakkanav, Chitra Durga, Giri Nagar, Virudhu Nagar and many more. The company said that the digital payments usage in these areas was 20% more than in ...
This Is What Google’s New UPI App ‘Tez’ Has To Offer
INDIA, News

This Is What Google’s New UPI App ‘Tez’ Has To Offer

Alphabet Inc's Google has finally forayed into the payments space, by launching its app 'Tez' exclusively in India on Android and iOS. The app is now available on Play Store and App store for the users to download. Google’s VP for Next Billion Users Caesar Sengupta launched the app at an event in New Delhi in the presence of Finance Minister Arun Jaitely. Unlike a digital wallet Tez is built on UPI that allows for payments directly via bank accounts. It allows the users to do financial transactions like sending money, receiving payments directly into their bank accounts. The users can link the app directly to their bank accounts.The platform is built on the government's Unified Payment Interface (UPI). “Google Tez app is design for India and made in India. It supports seven Indian lang...