Paytm on October 9, 2023, said that it has launched the industry’s first alternate ID-based guest checkout solution for merchants.
As of August 2023, Paytm Payments Bank recorded over 50 million UPI Lite transactions so far, with over 9 million users.
In June 2023, One97 Communications Limited (OCL), the parent of Paytm, announced a partnership with the largest retail NBFC in India, Shriram Finance Limited to offer financial services to its users including loan products.
In May 2023, One97 Communications Limited (OCL), the parent of Paytm, announced that it has partnered with India’s largest pure-play credit card issuer SBI Card, to launch Paytm SBI Card on the RuPay network.
One97 Communication, the parent of Paytm, informed that the loan disbursals on the platform rose 253% year-on-year (y-o-y) to Rs. 12,554 crore (US$ 1.53 billion) in January-March of 2023.
One97 Communications announced that it has signed a memorandum of understanding with the Andhra Pradesh government to drive initiatives in financial inclusion, public health, and cyber security.
In March 2023, Paytm launches a new payments platform powered by 100% indigenous tech that would be able to scale payments by 10 times in India.
In March 2023, Paytm Payments Bank, the largest issuer of KYC wallets (prepaid instruments) with over 100 million users announced that its full KYC wallet customers will be able to make payments on every UPI QR codes and online merchant where UPI payments are accepted.
In February 2023, Paytm Payments Banks Limited (PPBL) has launched UPI LITE, enabled by National Payments Corporation of India for multiple small-value UPI transactions.
In January 2023, Paytm becomes the authorised partner of IRCTC to simplify train travel.
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