#News Paytm announces OTP-less card payments
Paytm is introducing OTP-less card payments for transactions under Rs 2,000. The feature will work both online as well as offline. Paytm says a large number of its users spend less than Rs 2,000 for their everyday frequent payments.
E-commerce payment system thinks the new feature will improve the overall payment flow. The service will also work at the partner platforms such as Uber, Zomato, Jio among many others.
Paytm has become the torch bearer for mobile payments in the country. The service aims to hit 12 billion transactions by the end of financial year 2019-20. It had 5.5 billion transactions in 2018-19 and 2.5 billion transactions in 2017-18.
Paytm is introducing OTP-less card payments for transactions under Rs 2,000. The feature will work both online as well as offline. Paytm says a large number of its users spend less than Rs 2,000 for their everyday frequent payments.
E-commerce payment system thinks the new feature will improve the overall payment flow. The service will also work at the partner platforms such as Uber, Zomato, Jio among many others.
Paytm has become the torch bearer for mobile payments in the country. The service aims to hit 12 billion transactions by the end of financial year 2019-20. It had 5.5 billion transactions in 2018-19 and 2.5 billion transactions in 2017-18.