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The new offerings include a credit line on UPI, UPI Lite X for offline payments and a near field communication (NFC)-enabled Tap & Pay feature, conversational payments through Hello! UPI as well as conversational bill payments with BillPay Connect.
The new offerings include a credit line on UPI, UPI Lite X for offline payments and a near field communication (NFC)-enabled Tap & Pay feature, conversational payments through Hello! UPI as well as conversational bill payments with BillPay Connect.
However, the fintech might find it challenging to get the right valuation amid top-level exodus.
Paytm's Gross Merchandise Value for the quarter to date (for July and August) stood at Rs 3.0 Lakh crore ($36.3 billion) witnessing a year-on-year growth of 43 percent.
The Reserve Bank of India (RBI) has instructed banks to open up pre-sanctioned credit lines through Unified Payments Interface-based transactions.