Tag: paytm

Indian Paytm QR code scans make scooter rentals fast and easy

John Montgallo
QR code - People on scooter in India

The leading payments and financial services company in India is helping build a cashless economy. India has been pushing hard to become a cashless economy, and services such as using a Paytm QR code to rent a scooter helps to provide an image of the direction the country is taking through the use of mobile phones. Paytm has played a substantial role along the country’s road to eliminating the use of cash. The mobile payments company has seen a substantial rise in India and has become the leading financial services…

Read More

Paytm now enabled for third party UPI app mobile payments

Jorge Gonzalez
Mobile payments - Person using payment app

The Indian company has now officially announced the implementation of this new app feature. Paytm, a mobile payments company from India, has announced that it has implemented a new feature making it possible to make UPI transactions to phones registered with third party UPI applications. The goal of the feature is to make it faster and easier for users to complete money transfers. By using this new feature, Paytm users can use the mobile payments app to complete money transfers quickly and easily when sending to any phone number, even…

Read More

US companies compete for mobile payments leadership in India

Sam Lambert
Mobile Payments - Business Competition

Companies including Google, Facebook, Amazon, and Walmart are all vying for the top spot. Google Pay mobile payments are proving to be a powerful tool in parent company Alphabet’s strategy to grab leadership in India’s online shopping, social networking, streaming, and gaming market, which is experiencing explosive growth. The digital wallet was propelled forward during the pandemic to become second most popular. The pandemic’s acceleration of contact-free transactions gave Google Pay mobile payments the boost it needed to grab the second highest app spot in the category in India. Meta…

Read More

Mobile payment security concerns continue to create serious privacy issues

L. Green
mobile payment security concerns Digital Currency

A recent study by IIM Bangalore identified serious worries over smartphone based payment services. At a time when smartphones are essentially ubiquitous and digital wallets are picking up in popularity, mobile payment security concerns persist. According to a recent study, worries over risks of privacy and security continue to be problematic. Among the main issues appears to be the lack of global consistency in terms of mobile security standards. A study conducted by the Center for Software and IT Management at Indian Institute of Management, Bangalore revealed some of the…

Read More

QR code feature launched for in-person purchases at Paytm Mall

Sam Lambert
qr code feature shopping

The e-marketplace is making it possible for shoppers to move beyond m-commerce and pay in real life. Paytm Mall just rolled out a new QR code feature that will make it possible for shoppers to use their mobile devices for shopping in-store, not just at the brand’s e-marketplace. The system uses quick response code scans to verify the mobile payment transactions at checkout counters. The goal of the new QR code feature is to appeal to consumers who aren’t yet shopping online. This will still allow them the opportunity to…

Read More