Paytm Will Invest Rs 250 Crore To Expand Paytm QR
Indira Datta - Jul 15, 2019
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 Launches Made-In-India App Store To Rival Google Play Store
- Paytm To Launch Its Own Mini App Store To Rival Google's Play Store
- Paytm Pulled From Play Store, Founder Thinks Google Is Trying To Promote Google Pay
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:
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:
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:
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.
Featured Stories

ICT News - Jun 12, 2025
Google Offers Voluntary Buyouts to US Employees Amid AI Push

ICT News - Jun 08, 2025
Builder.ai Collapse Exposes Massive AI Fraud in Tech Industry

ICT News - Jun 08, 2025
Microsoft Partners with CBI to Bust Major Tech Support Scam Operation

Mobile - Jun 08, 2025
Motorola Edge 60 Set to Debut in India This June

Gadgets - Jun 07, 2025
Fujifilm Instax Mini 41 Launches in India: Stylish Instant Camera Now Available...

Gadgets - Jun 07, 2025
OnePlus Pad 3 Debuts with Snapdragon 8 Elite Chip, India Launch Confirmed

Gadgets - Jun 07, 2025
Nintendo Switch 2 Launches at $449 Despite Trump Tariffs Impact

Mobile - Jun 04, 2025
Samsung Galaxy Z Fold 7 Ultra: The Next Chapter of Premium Foldables

ICT News - Jun 04, 2025
Google SynthID: Everything You Need to Know About AI Content Detection

Mobile - Jun 02, 2025
Samsung's Strategic Move: Perplexity AI Integration Coming to Galaxy Devices
Read more

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.

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?

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..
Comments
Sort by Newest | Popular