Earlier today, reports emerged that Paytm will start charging/levying a convenience/transaction fee from users on using payments methods like Credit/Debit cards, net-banking, UPI and wallet. But now,Paytm has issued a clarification regarding this report on levying customers a convenience fee or a transaction fee.
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Paytm, an Indian e-commerce payment system and digital wallet company launched its own wallet i.e., Paytm wallet in 2014. It is being widely used by many users, retailers and more to send/receive money easily. Now, Paytm is testing a nifty new device known as Paytm SoundBox that is aimed to streamline offline payment systems and is tailored for retailers as well as customers. We spent some time with the SoundBox, and here is the first look.
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Paytm today launched its Paytm First Credit Card in partnership with Citi. The company says that it is India’s first card with 1% universal unlimited cashback, and no restrictions on earning categories.
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Paytm has announced that it now supports third party Quick Response QR codes. Users will now be able to scan non- Paytm codes as well using the Scan button on the Paytm app.
Continue reading “Paytm expands business by adding support for third party QR codes”
Axis Bank has agreed to acquire mobile payments wallet provider FreeCharge from e-commerce company Snapdeal for Rs. 385 crore. The latest deal comes just a day after Snapdeal board approved Flipkart’s $900- $950 million buyout offer.
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With e-commerce industry growing rapidly and gaining lot of appreciation for its ease of use and comfort, most of the businesses are now going online and offering digital services. This is exactly where online payment services like PayPal play a huge role in helping you complete the transaction smoothly and securely.
Continue reading “PayPal – A secured online payment service for consumers and merchants”
Samsung has expanded support for Samsung Pay to Mswipe PoS (Point of Sale) terminals across India. The mobile payment service will now be available at over 200,000 terminals of Mswipe PoS terminals in the country. As these terminals are NFC enabled, they can now accept payments through Samsung Pay compatible smartphones.
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Paytm has introduced a new insurance cover to protect the money in your Paytm Wallet in case of theft, loss of device or unauthorized access. Dubbed as Wallet Insurance, all Paytm users with balance in their wallets are automatically covered under this scheme at no additional cost and the lost money would be refunded to their Paytm Wallets.
Continue reading “Paytm rolls out free wallet insurance cover for all its users”