My Payments | Pixr8 News

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 ...

Adding another feature to its Kitty, Digital Payment Major Paytm has come up with an automatic recurring payments feature that will allow recurring, high-value payment and other monthly expenses to happen in an instant. Titled as "My Payments", the feature enables bank transfers from/to bank account making it easier to make payments at no charge. Even non-KYC Paytm users can avail the facility. Deepak Abbot, Senior Vice President, Paytm said, Our customers make regular recurring payments such as house rent, maid/driver’s salary, milk or newspaper vendor payments online. This has led to a major surge in our bank transfer service. We have now simplified these payments with ‘My Payments’ and are expecting 6X growth owing to this rapid shift in consumer behaviour in favour of ...

Tag: My Payments

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

Paytm Launches Recurring Payments Feature “My Payments”