Paytm Will Invest Rs 250 Crore To Expand Paytm QR

Indira Datta - Jul 15, 2019


Paytm Will Invest Rs 250 Crore To Expand Paytm QR

Paytm announced on Wednesday that it will invest Rs 250 crore to expand Paytm QR in Tier IV and V towns in the upcoming months.

Paytm, the famous digital payment platform owned by One97 Communications announced on Wednesday that it will offer Rs 250 crore of capital to expand Paytm QR in Tier 4 and 5 towns this year.

Paytm's spokesman said:

Capture

Paytm

Paytm QR allows money to be transferred directly to the merchant's bank account. Business size of traders is not important, so all traders can use Paytm's QR-based payments.

The company's Senior Vice President Deepak Abbot said:

Capture

The company is focusing on attracting more than 60% of merchants on board from these Tier 4 and 5 towns, even though, compared to larger cities, the cost of on-boarding a merchant in a small town is at least 3 or 4 times higher.

Abbot said:

Capture

Paytm Money, a subsidiary also owned by One97 Communications, announced that the Pension Fund Regulatory and Development Authority (PFRDA) has granted it the permission to offer the National Pension System (NPS) on its platform.

Thanks to this new service, many investors already registered with Paytm Money can now invest in National Pension System. The report also states that the company wishes to provide NPS services from all 8 big pension fund managers on the platform for both Tier 1 and 2 accounts.

Tags

Comments

Sort by Newest | Popular

Next Story

Read more

Believe It Or Not, Dirt From Mars Can Be Bought With Only $20 A Kilogram

Features- Jun 16, 2025

Believe It Or Not, Dirt From Mars Can Be Bought With Only $20 A Kilogram

Five months ago, a mission to the Red Planet sent space agencies NASA and ESA to source for Martian soil, now you can buy at $20 per kilogram.

'Five-second rule' For Food Dropped On The Floor: Is It True?

Features- Jun 14, 2025

'Five-second rule' For Food Dropped On The Floor: Is It True?

How quickly do the bacterias on the floor could move onto the dropped food? Some people call it the 5-second rule. But is it true?

Turn Out We Cook Rice Wrong The Whole Time, Losing 50% Good Calories

Features- Jun 15, 2025

Turn Out We Cook Rice Wrong The Whole Time, Losing 50% Good Calories

Besides noodles, rice is one of the important ingredients in many cuisines around the world. It also the main fuel for every university students without costing too much. This kind of..