Paytm has announced an OTP-less card payments system for both online and offline transactions under Rs 2,000. The company claims that the feature will come quite handy to users and will eliminate the need to wait for an OTP for payments.
While one-time password serves as a layer of security while making payments, it can also be cumbersome. The multiple re-directions and connection timeout issues while making online payments could be a struggle.
The company also revealed that a majority of its users use the service to make payments that are below Rs 2,000 and now such users can enable their saved card or add a new card for instant payments at offline retail stores oot to make payments to platforms like Uber.
The company also tied up with Flipkart owned Myntra. It says millions of its users will be able to pay through any their preferred payment mode. Since the demonetization, Paytm has become the torchbearer for mobile payments in India.
According to the report, Paytm First, a subscription-based service launched in March, has attracted half a million subscribers. it has 350 million registered users and is now focused on expanding to tier 4-5 cities. The service offers an array of payment options ranging from mobile wallets to Unified Payments Interface (UPI) and internet Banking.
- Fortnite now lets you Rickroll your friends
- Filmfare Awards 2020: Alia Bhatt floors us with her pink off-shoulder thigh-high slit dress with a pop of yellow
- Asim Riaz had qualities of a winner, Sidharth Shukla undeserving: say Gauhar Khan
- IPL 2020 Full Schedule: Mumbai Indians to play Chennai Super Kings in Opener
- Bigg Boss 13: Sidharth Shukla is The Winner of The Show
- Shahid Afridi becomes father for 5th baby girl
- Huawei Nova 7i launched with 48 quad camera, Kiring 810 SoC, 4200mAh battery
Fortnite now lets you Rickroll your friends
Filmfare Awards 2020: Alia Bhatt floors us with her pink off-shoulder thigh-high slit dress with a pop of yellow
Asim Riaz had qualities of a winner, Sidharth Shukla undeserving: say Gauhar Khan
IPL 2020 Full Schedule: Mumbai Indians to play Chennai Super Kings in Opener
Bigg Boss 13: Sidharth Shukla is The Winner of The Show
One in 15 Indians will die of cancer: says Study
VIVO iQOO to launch its upcoming 5G smartphone in India
PUBG Mobile to Bring Erangel 2.0 soon, Karakin Map Release Teased
TVS iQube Electric Scooter Launched in India: Check Details, Price & More
VIVO iQOO 3 Geekbench Listing Reveals Snapdragon 865 and 8GB RAM
Entertainment4 months ago
Vijay’s Bigil Full Movie Leaked Online by Tamil Rockers
Box Office5 months ago
War Hindi Full Movie Download Leaked Online on Tamilrockers
Box Office3 months ago
Jhalle Punjabi Full Movie Leaked Online Download by Tamilrockers
Entertainment4 months ago
Ardab Mutiyaran Full Movie Leaked Online by TamilRockers