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Page 3 - பாய்த்ம் கொடுப்பனவுகள் வங்கி லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Amid Bitcoin chaos, Paytm Payments Bank aborts cryptocurrency exchanges

Amid Bitcoin chaos, Paytm Payments Bank aborts cryptocurrency exchanges
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.

Even with govt regulations, CoinDCX is aiming big

Even with govt regulations, CoinDCX is aiming big
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Paytm says it is the go-to banker for Indian merchants

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 expands lead as largest beneficiary bank for UPI payments

Paytm Payments Bank expands lead as largest beneficiary bank for UPI payments ANI | Updated: Apr 21, 2021 10:57 IST New Delhi [India], April 21 (ANI): Paytm Payments Bank Ltd (PPBL) registered 46.9 crore Unified Payments Interface (UPI) transactions in March, marking a month-on-month increase of 20.7 per cent to emerge as the largest beneficiary ahead of all major banks in the country. Beneficiary banks are those of account holders receiving money. According to the latest report by the National Payments Corporation of India (NPCI), PPBL is also rapidly gaining traction as a remitter bank with over 15.9 per cent month-on-month growth and registering 17.3 crore transactions in March with the highest success rate.

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