The firm will launch its services first in Uttar Pradesh and then expand operations to the Northeast
Payments banks can accept deposits from individuals and small businesses up to Rs 1 lakh per account
Paytm has introduced new features to ensure that money stored in the Paytm wallet remains safe
Vijay Shekhar Sharma participated in a Reddit AMA earlier today
Sharma's popularity soared like never before, so did the criticisms
The company also started working upstream with distribution networks to enable business transactions
Paytm has launched a toll-free number that helps non-smartphone, non-internet users
Paytm said that company had found a bug in its iOS app
CBI has filed a first information report (FIR) against seven customers listed by the company
Move is in line with the RBI circular on Special Measures to incentivise Electronic Payments
In future, these proceedings will go by the procedure or will be withdrawn after mutual settlement
According to the company, customers received refunds in over 40 cases despite having their products delivered to them
The company is calling upon consumers and merchants across India to teach others on how to use Paytm to pay and accept money
A Deloitte report in September said the digital payment firm would post a Rs 155 cr profit in 2019
India Stack is a paperless and cashless service delivery system being conceived by a digital think tank iSpirt
Amount raised will be utilised for Paytm's proposed payments bank operations, in which Sharma holds 51 per cent stake
Paytm on Thursday announced the launch ofits new 'App Password' feature on its Android mobile app that will enable Paytm users to set a secure pin, password, pattern or fingerprint as a means to ensure money stored in the Paytm wallet remains safe even if the owner's phone is lost or misplaced.The App password feature is currently available in the latest Android App.Users can set heir phone's default Android security password by using the 'Security' option in the 'Settings' menu. They can then select a Pin, Password, Pattern or Fingerprint to protect their phone. Once the user clicks on 'Pay' or 'Passbook' on the updated Paytm App after setting a password, they will be prompted to enable this optional feature.Once they click on the 'Add Security' option, they will be asked to reconfirm their phone's password, and their new App Password will be set. Users can also choose to disable this security mechanism by switching off the 'Android Security' feature in the 'Security and Settings' ...
The company also said it aspires to enter the US market in the long run as it sees an opportunity there
The customers and merchants will need to register with Paytm their mobile number and set a four digit paytm PIN
Paytm also has a licence from RBI to launch a 'payments bank,' reports Tech in Asia