Paytm has formally launched its Payments Bank today, and at a press conference in Delhi right now, Paytm founder Vijay Shekhar Sharma shared some numbers: 28 crore registered users 18 crore wallets Rs 250 crore annual transactions 50 lakh merchants...going to touch 60 lakh in a few months time. Rs 80,000 crore annual transaction value, and should be doing 100,000 lakh crore by the end of the year. In addition to this, Paytm Payments bank has 120,000 biometric devices and is doing 250,000 KYC. "Aadhaar has been a boon for us," Sharma said at the press conference, "because the cost of KYC has gone down." Paytm currently has 1.3 million UPI customers, within two weeks of its launch - when they haven't rolled out to everyone - and Sharma said that they'll bring 6 million merchants on UPI within a year.…
- Indian government did not follow Procedure While Issuing Blocking Directions: Twitter to Karnataka HC September 26, 2022
- Data Hack in Australian Telecom Firm Could Affect 40% of the Country’s Population September 26, 2022
- What is Kerala police’s Eagle Eye project to zero in on unauthorized drones? September 26, 2022
- A Complete Guide To The Indian Telecommunication Bill, 2022 September 23, 2022
- Ashwini Vaishnav on Draft Telecom Bill Regulating WhatsApp, Mandating KYC and Revealing Caller Identity September 23, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...