Zerodha CEO applauds Paytm’s payments pitch as fintech game changer
Zerodha founder Nithin Kamath praised Paytm’s payment speakers as a significant development for fintech innovation among Indian vendors.
Zerodha founder Nithin Kamath praised Paytm’s payment speakers as a significant development for fintech innovation among Indian vendors.
Kamath emphasized that the new technology has the potential to revolutionize the industry and is a game changer.
Kamath emphasized that the new technology has the potential to revolutionize the industry and is a game changer.
Paytm’s audio box device, introduced in 2019, has become a popular choice among small Indian businesses, including neighborhood stores and street vendors.
Paytm’s audio box device, introduced in 2019, has become a popular choice among small Indian businesses, including neighborhood stores and street vendors.
Paytm speakers, which bear the Paytm logo and have a built-in SIM card, can read out payment confirmation messages in English and several Indian languages, such as Hindi, Tamil, Telugu, Bengali and Punjabi.
Paytm speakers, which bear the Paytm logo and have a built-in SIM card, can read out payment confirmation messages in English and several Indian languages, such as Hindi, Tamil, Telugu, Bengali and Punjabi.
Meanwhile, Reserve Bank of India Governor Shaktikanta Das said in March 2023 that payments through UPI (unified payment interface) have grown exponentially in the last 12 months with daily transactions crossing 36 crore, from 24 crore in February 2022.
Meanwhile, Reserve Bank of India Governor Shaktikanta Das said in March 2023 that payments through UPI (unified payment interface) have grown exponentially in the last 12 months with daily transactions crossing 36 crore, from 24 crore in February 2022.
“A recent pan-India digital payments survey (covering 90,000 respondents) showed that 42 percent of respondents have used digital payments,” RBI Governor Shaktikanta Das said.
“A recent pan-India digital payments survey (covering 90,000 respondents) showed that 42 percent of respondents have used digital payments,” RBI Governor Shaktikanta Das said.
Furthermore, Fintech giant Paytm has reached a new milestone with 4.3 million users on UPI Lite. Paytm Payments Bank recorded over 10 million UPI Lite transactions so far through the Paytm Super app.
Furthermore, Fintech giant Paytm has reached a new milestone with 4.3 million users on UPI Lite. Paytm Payments Bank recorded over 10 million UPI Lite transactions so far through the Paytm Super app.
According to a filing to stock exchanges on Wednesday, Paytm experienced a significant 40% year-on-year increase in Merchant Payment Volumes (GMV), which amounted to ₹3.62 lakh crore ($44 billion), up from ₹2.59 lakh crore in Q4FY22.
According to a filing to stock exchanges on Wednesday, Paytm experienced a significant 40% year-on-year increase in Merchant Payment Volumes (GMV), which amounted to ₹3.62 lakh crore ($44 billion), up from ₹2.59 lakh crore in Q4FY22.
The digital payment company further informed that it disbursed loans on ₹12,554 crore in the quarter ending March, registering a year-on-year (YoY) growth of 253 percent. Paytm disbursed loan worth ₹3,553 crore in the last quarter of the financial year 2021-2022.
The digital payment company further informed that it disbursed loans on ₹12,554 crore in the quarter ending March, registering a year-on-year (YoY) growth of 253 percent. Paytm disbursed loan worth ₹3,553 crore in the last quarter of the financial year 2021-2022.
In March, the company distributed 68 lakh units and facilitated loan disbursal ₹4,468 crore through the Paytm platform.
In March, the company distributed 68 lakh units and facilitated loan disbursal ₹4,468 crore through the Paytm platform.
