Page 3 - பாய்த்ம் கொடுப்பனவுகள் வங்கி லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Amid Bitcoin chaos, Paytm Payments Bank aborts cryptocurrency exchanges
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Even with govt regulations, CoinDCX is aiming big
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Paytm says it is the go-to banker for Indian merchants
4 hours ago
Paytm is the third largest UPI (Unified Payments Interface) player but unlike the market leaders, it has a banking license. This has given the firm a competitive advantage over its competition in terms of smoother processing of transactions and lower failure rates. This is why merchants are happy to move to a Paytm account and abandon their traditional bank account, the company said in a series of blog posts last week.
A few years ago Paytm was the dominant e-wallet player, but UPI killed this moat. So it went and got a payments bank license, something that its biggest competitors do not. As a result, Paytm’s systems directly interact with the National Payments Corporation of India (NPCI) rather than through anchor banks who act as intermediaries between the third-party app and the NPCI. As a result, Paytm has one of the lowest technical decline rates amongst the banks.
Paytm Payments Bank achieves over 430M beneficiary transactions in April 2021
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