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Time for SMEs to tech up: Companies helping them to go online

Apr 23, 2021 by Neel Achary 0 Comments #BANKIT, #Paytm, #Shiprocket, #SMECorner

SMEs are organizations that look after incomes, resources, or various representatives under a specific edge. Every nation has its own meaning of what comprises a small and medium-sized venture (SME). Certain size measures should be met and infrequently the business in which the organization works is considered too. Despite the fact that small in size, small and mid-size enterprises (SMEs) assume a significant part in the economy. They dwarf enormous firms significantly, employ a lot of individuals, and for the most part is entrepreneurial in nature, helping to shape innovation.

Here is the list of few companies who are helping SMEs to adapt digitalization:

1. Shiprocket:
Shiprocket is India’s largest e-commerce enablement and shipping platform for SMBs. Shiprocket leverages cutting-edge technology for its shipping and fulfillment services to SMEs, D2C retailers, and social commerce sellers in the country. With 20 courier partners on board, the brand has also enabled international shipping and its solutions are available across 27,000+ pin codes within India and across 220 countries in the world.
Incepted in 2017, Shiprocket is on a mission to create a seamless logistics platform that connects retailers, carriers, and consumers across national and international locations. Apart from shipping services, Shiprocket also offers a technology stack to assist retailers in integrating their online stores on Shopify, Magento, WooCommerce, Zoho, etc., for workflow, inventory, and order management. Furthermore, Shiprocket also recently launched Rocket Fuel, a startup accelerator program that offers capital and mentorship from industry experts to help D2C startups scale their business exponentially.

2. BANKIT:
BANKIT services private limited is an assisted B2C company. The vision of the company is to make millionaires agents network i.e., to maximize the number of agents who are able to make Rs. 5-10L as revenue in a year by delivering various BANKIT services.
BANKIT is a Business Correspondent to various banks. This results in fast, simple, and secure transactions. BANKIT’s one stop outlets provide instant and hassle-free service delivery for Banking financial services like Domestic Money Transfer, AePS, mATM (Debit card Cash withdrawal) and prepaid cards for value added services like Prepaid recharges, Bill payments, Travel bookings, CMS, insurance etc. The company is also associated with 20,000 local retail stores to boost their business via additional services and providing digital access in tier 2 and tier 3 areas.

3. Paytm
Paytm is an Indian multinational technology company that has practical experience in digital wallet, online business, e- commerce, monetary innovation organization, situated in Noida, Uttar Pradesh, India. Paytm is right now accessible in 11 Indian dialects and offers online use-cases like portable re-energizes, service charge instalments, travel, films, and occasions appointments just as in-store instalments at supermarkets, leafy foods shops, eateries, stopping, costs, drug stores, and instructive organizations with the Paytm QR code.
According to the organization, more than 7 million vendors across India use their QR codes to transfer payments directly into their bank accounts. The company additionally utilizes ads and paid limited time substance to produce incomes.

4. SMECorner
SMEcorner is a modern age Fintech moneylender, that helps SMEs in India meet their functioning capital necessities with insurance free business credits in only 24 hours. SMEcorner’s base camp is situated in Mumbai. They, as of now, work in 7 states like Maharashtra, Gujarat, Rajasthan, Delhi, Karnataka, Telangana, and Tamil Nadu across 22 urban communities.

They use a proprietary online platform that combines Artificial intelligence, information science, and computerized reasoning to give a consistent and quick client experience. They have items like Unsecured Business Loans and Loan Against Property with extraordinary items like MSME Loans and Women Entrepreneur Loans to address the issues of working capital and energize women entrepreneurs in India.

Business World

Paytm achieves over 1.4 Billion transactions in March, leads digital payments with Wallet, UPI, Cards & net-banking services

Apr 2, 2021 by Neel Achary 0 Comments #Narendra Yadav, #Paytm, #Vice President - Paytm

India’s leading digital financial services platform Paytm today announced that it has achieved over 1.4 billion monthly transactions in March, led by the massive growth in offline payments and financial services. With over 20 million merchant partners on board, the company maintains the highest market share in offline payments and continues to register 15% M-o-M growth. It is the only platform in the country that promotes all digital payments services including Paytm Wallet, UPI, Paytm Postpaid, cards & net-banking. Paytm is aiming to enable 50 million merchants with IoT-based payment devices including All-in-One QR, All-in-One POS, Android Smart POS, and Soundbox over the next few years.

Paytm which is on a mission to empower businesses with digital payments & reconciliation services continues to lead with the highest market share in offline merchant payments with 15% M-o-M growth. It is aiming to equip 5 million businesses with Paytm Soundbox 2.0, Paytm All-in-One EDC devices as well as its newly launched innovative Paytm Smart POS for Android phones that transforms a smartphone into a device that accepts debit & credit card payments just like a normal card swiping machine.

The company empowers users with multiple services including Paytm Payments Bank, Paytm Payments Gateway, Paytm Payout, Paytm Money for democratizing wealth creation, Paytm Insurance, Paytm Postpaid, Paytm Credit Cards as well as utility bill payments, offline merchant payments, content & gaming services.

Narendra Yadav, Vice President Paytm said, “Paytm is the only company that provides the widest range of options to both merchants and customers which has helped us to achieve over 1.4 billion monthly transactions. Consumers can pay from Paytm wallet, UPI, Paytm postpaid, credit or debit cards, and bank accounts. Similarly, merchants can accept payments into their wallet or in any bank account. Paytm has the widest network of merchants in the country with over 20 million merchants partners. We want to serve all spectrum of merchants, from street vendors to large retailers as we continue our efforts to enable them with IoT-based digital payments services. “

Business World

Paytm offers rewards up to Rs. 1000 on mobile recharges, launches referral scheme to get assured cashback of Rs. 100

Mar 5, 2021 by Neel Achary 0 Comments #mobile recharges, #Paytm

Mumbai: India’s leading digital financial services platform Paytm has today announced exciting cashback & other rewards for mobile recharges and bill payments. New users will be able to avail of ‘3 pe 300 cashback offer’ wherein they will get assured cashback of up to Rs. 100 on the first three recharges while existing users can win rewards of up to Rs. 1000 on every recharge. These offers are applicable on all recharges for prepaid and bill payments for postpaid services from Jio, Vi, Airtel, BSNL and MTNL. Besides availing rewards for recharges & bill payments, users can win additional cashback by participating in the company’s referral program. Whenever a user invites friends & family to start recharging on Paytm, both the referrer and the referee earn up to Rs 100 cashback.

To bring more convenience to its users Paytm has recently enhanced its mobile recharge & bill payment experience with features such as 3-click instant recharges and a user-friendly display of plans. Unlike other platforms which restrict users to UPI, Paytm gives its users the flexibility to select their preferred payment mode from Paytm UPI, Paytm Wallet, debit and credit cards, or net banking. Users can also choose to pay using the post-paid feature, which enables them to recharge now and pay later. Paytm also seamlessly reminds the users about their plan expirations to ensure that they are always connected.

Narendra Yadav, Vice President – Paytm said, “Mobile recharges & bill payments is one of the most important recurring costs for everyone, and we are committed to make it a rewarding experience for all our users. Over the last 6 months, we have witnessed a rapid growth in the number of users & are registering over 85% customer repeat rate. With a host of new offers and seamless flow, we are aiming to reach new users and further increase repeat transactions from our existing users.”

Paytm is a pioneer in mobile recharges and bill payments and continues to serve millions of users in this segment. Paytm users can also make payments for their electricity bills, credit card bills, cylinder bookings and many more day-to-day needs from the comfort of their home. All of this comes with a fast, safe, secure, and rewarding experience built by India’s top technology minds to serve the whole of India.

News

5 must-have apps for safe Christmas shopping

Dec 19, 2020 by Rekha Nair 0 Comments #Amazon, #Arogya Setu, #Dainik Bhaskar, #Paytm, #Uber

With just a few days away from Christmas and New Year celebrations, it is important to maintain social distance while going shopping. There are several mobile apps that come to the rescue when it comes to getting the latest offers, trending products, making digital transactions, and even commuting safely to the nearest malls.

Here is a list of 5 such mobile apps that can help you safeguard yourself while gearing up for the festivities.

Amazon

The Amazon Shopping app enables you to shop at great prices and deals. It offers a wide range of the latest electronics, apparel, jewelry, home furnishings, gifting items and many more. You can get unbeatable savings on Amazon Pantry while buying groceries. You can also use the app for money transfers and UPI payments.

Dainik Bhaskar

Dainik Bhaskar app can keep you updated with all the developments, safety measures and public health scenarios in your local neighborhood. It offers 100 percent authentic real-time updates about the latest news in your city as well as the national and global news that you care about. With the seamless use of AI and Machine Learning, Dainik Bhaskar app will provide you with high-quality analysis and insights as per your location and interest. It offers you to choose from interest categories like politics, sports, business, health, technology, entertainment, and lifestyle.

Uber

Online cab hailing company Uber is following all the necessary guidelines for the safety of riders in India. Use this app to make your travel hygienic and safe. The company is ensuring maximum safety and has even suspended ‘Uber Pool’ or its share-riding option until further notice to maintain social distancing. The Uber app also allows you to cancel the trip if the driver is not wearing a mask.

Paytm

The concept of e-wallets has become even more popular now in the view of COVID 19. Contactless transactions of money are helpful in avoiding contact with alien currency notes, prohibiting the transmission of the virus. Paytm helps you pay, transfer, and lend money without any physical contact. You can even buy things from Paytm Mall, book tickets, pay bills, and more without exposing yourself to unknown surroundings and physical currency exchanges.

Arogya Setu

Aarogya Setu app can be highly useful for information on essential health services and safety practices. Developed by the Government of India, it functions on its database of infected people. In order to mitigate the spread of Covid-19, the prime minister has asked for every citizen to download and use this app. Available in eleven languages, the app just needs Bluetooth and location access to function and one needs to register using their mobile number.

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Paytm Payouts now enables businesses with 24*7 RTGS Money Transfer

Dec 15, 2020 by Rekha Nair 0 Comments #Paytm, #Paytm Payouts 24*7 RTGS facility, #RBI

Mumbai: India’s homegrown digital financial services platform Paytm announced that its Payout service which enables businesses to make bulk and instant money transfers to their employees, vendors & partners has launched a 24*7 RTGS facility to support companies make high-value transactions seamlessly. The company said that the launch comes after the Reserve Bank of India (RBI) made an announcement to make RTGS 24*7. Paytm Payouts’ APIs and Paytm for Business Dashboard to make bulk payments to Bank Accounts, UPI addresses, and Paytm Wallets instantly. The service is especially beneficial for SMEs & large enterprises who use it to adopt an automated payment mechanism that saves their time and resources.

RBI’s move further supports commerce in the country and enhance ease of doing business recently allowed the transfer of funds through Real-Time Gross Settlement (RTGS) round-the-clock, 365 days a year. With the launch of this facility, Paytm Payout is the only service provider that offers seamless round the clock money transfers via Wallet, UPI, IMPS, NEFT & RTGS.

The company said that with 24*7 RTGS facility companies are now empowered to manage cash flows more efficiently. RTGS has a minimum transfer limit of Rs 2 lakh, with no upper limit, which helps businesses or individuals for making high-value transactions. Paytm Payout’s RTGS facility enables businesses to reduce their working capital requirement as they can now transfer salaries to employees even on the last day of the month even if it is a holiday or a Sunday. The company also said that its RTGS service also helps businesses in servicing their clients better as companies can now fulfil payment requests post-market hours.

Paytm Spokesperson said, “With Paytm Payouts 24*7 RTGS facility, companies are now empowered to handle their finances much better as high-value transactions can be made anytime. This in turn would help reduce their working capital requirement. Our facility will further enhance the ease of making digital payments and empower businesses to quickly make and receive critical payments seamlessly. We believe this will help in further boosting the adoption of online payments in the country, making more businesses digitally empowered.”

The Payouts service is driven by a powerful API that can be integrated with any platform, thereby eliminating the need for corporates to invest time & resources to build their own platform. It allows bulk payments to be made to Bank Accounts, UPI addresses, Paytm Wallets, Gift Vouchers and other employee benefits like Food Allowance instantly. In addition, companies and their finance department can manage their receivables and payables including utility payments, rent payments, vendor invoices, employee reimbursements, collections using this product. Also, it offers the highest transaction success rate in the industry. Apart from thousands of small businesses, a growing list of major companies like Pidilite Industries, Schneider Electric and Havmor Icecreams use the service.

Business World

5 apps which helped people during the lockdown

Dec 10, 2020 by Neel Achary 0 Comments #Amazon, #Dainik Bhaskar, #Paytm

2020 has been a difficult year for the entire human race. As Indians got restricted to their homes during the lockdown, several mobile apps came to the rescue for helping people with getting the latest news, trending products and making digital transactions safely.

Here is a list of 5 such mobile apps that helped Indians sail smoothly through the lockdown.

Paytm

Calm
Known to reduce stress and increasing gratitude, Calm helped people in getting some mental fitness through relaxation and sleep. It offers a wide range of different meditations to choose from. Users can even indulge in bedtime stories, calming music and ambient soothing voices while staying inside their home.

Dainik Bhaskar 
A lot of Indians relied on Dainik Bhaskar app to get real-time updates about the latest safety developments in their cities as well as the national and global news that they care about. With the seamless use of AI and Machine Learning, Dainik Bhaskar app provides high-quality analysis and insights as per its users’ location and interest. It offers interest categories like politics, sports, business, health, technology, entertainment and lifestyle.

Spotify
On Spotify users can curate personalized list of suggestions based on their interest in music and podcasts. Users can also subscribe to it with a monthly fee of INR 119 for add-free listening. The benefits of premium plans include ad-free music, multi-device access features, etc. Keeping in mind the lockdown situation, Spotify also introduced curated lists for Quarantine and Covid-19 parties, which helped people to enjoy while in isolation.

Amazon

The Amazon Shopping app enabled people to shop at great prices and deals. It offers a wide range of latest electronics, apparels, jewellery, home furnishings, gifting items and many more. It enables users to save unbeatable savings on Amazon Pantry while buying groceries while also offering hassle-free money transfers and UPI payments.

Business World

Paytm becomes India’s largest platform for booking LPG cylinders

Nov 20, 2020 by Gouri Achary 0 Comments #Book a Cylinder, #HP Gas, #LPG cylinder booking, #Narendra Yadav, #Paytm

India’s home-grown digital financial services platform Paytm has become the largest enabler of LPG cylinder bookings in the country. The company today announced that within a year of launching this service, it has registered over 5 million bookings.

Paytm started ‘Book a Cylinder’ facility last year by partnering with HP Gas, followed by Indian Oil’s Indane. The tie-up with Bharat Gas was announced in May this year. The platform is witnessing a high number of repeat customers, because of its hassle-free & simple booking process. All that a user needs to do is go to ‘Book a Cylinder’ tab, select his gas provider, enter LPG ID/mobile no./consumer no. and then make the payment. The cylinder is delivered to the registered address by the nearest gas agency.

Narendra Yadav, Vice President at Paytm said, “LPG cylinder is one of the largest utility categories in the country, covering all socio-economic classes & geographical regions. This is a high-priority category for us and one of the key drivers towards achieving our goal of digitization of all essential services. We are working to cross the benchmark of 10 million bookings by the end of this financial year.”

Utility payments have been a major focus area for Paytm, where it is a market leader in several categories such as electricity, piped gas, water, etc. The company is ramping up its partnerships across the board to provide a comprehensive list of all service providers across the country.

Business World

#MoneyTransferHuaEasy – Paytm continues to promote Money Transfers from Bank A/c with new Digital Campaign

Nov 18, 2020 by Gouri Achary 0 Comments ##MoneyTransferHuaEasy, #Abhinav Kumar, #Campaign, #Money Transfers, #Paytm, #Wallet KYC

India’s leading digital financial services platform Paytm has launched 3 new ads on social media, as part of its new #MoneyTransferHuaEasy campaign to raise awareness of how instant money transfer through the Paytm app remains a quick, safe and easy way to directly send and receive money into one’s Bank accounts. The films, targeted at Millenials, highlight how by simply choosing the recipient’s Mobile number, users can transfer money directly from their bank a/c at zero charge. Without the need for wallet KYC.

The films, which have been favourably received on social media, feature internet sensations Saloni Gaur, Danish Sait and Paytm’s very own Abhinav Kumar.

Prior to this, the company had launched multiple TV ads that had struck a chord with millions of Indians. While the public interest in the entire campaign has remained massive, certain scenes from the earlier ads have become especially popular due to the portrayal of episodes from everyday lives. These included a scene from an Indian wedding ceremony where the groom transfers money to his sister-in-law’s bank account by just using mobile number and in return, gets back his shoes from her, had a take on the popular Indian marriage tradition. Another scene of a young female tenant paying her rent through the Paytm app, to her landlord’s shy son, also got major positive reviews.

With the latest series of films, the company has now released 6 large scale entertaining films as part of its initiative to highlight the ease of making digital payments without the need of completing their Wallet KYC. Apart from the obvious benefits, users are also assured of sturdy security architecture, the best success rate for transactions in the industry and a chance to win assured cashback.

Abhinav Kumar, Vice President at Paytm said, “Paytm remains committed to expanding the reach of affordable and easy to use technology, to every citizen. We believe that digital payments solutions are not only a great enabler in addressing daily challenges but also helps improve the quality of lives of our fellow countrymen. Consumers now have the option of instantly making payments directly from their Bank accounts, by simply entering the recipient’s mobile number on the Paytm App. No other steps such as Wallet KYC are required, while transaction charges are also absent. The new marketing campaign reflects that and is geared around taking forward this message to the consumers, making them aware of the digital payments options they have. It also aims to further promote our mission to increase seamless digital transactions across the country.”

Business World

Paytm launches Diwali Tambola game for users with a chance to win upto Rs. 11,000

Nov 11, 2020 by Gouri Achary 0 Comments #Diwali Tambola game, #Paytm

India’s home-grown digital financial services platform Paytm has launched Paytm Diwali Tambola that offers users the chance to engage with one of India’s favourite festival games in the run-up to India’s biggest festival. Users can collect Diwali items on a Tambola ticket by doing various activities and transactions on Paytm. Available till 30 November, the fun game allows users to complete various offers that have cashback up to Rs.11,000.

Aimed at enabling users to spend the festive season in an entertaining way, the Paytm Diwali Tambola game has been created keeping in mind the joyous nature of Diwali which infuses daily life with moments of happiness. On entering the game, every participant gets a Tambola ticket displayed on top, along with a list of Diwali items to be collected. Participants start off by receiving the complimentary Agarbatti item, as they begin the exercise of collecting other Diwali items such as Crackers, Sweets, Diwali Gifts etc by performing various activities such as paying at local Kirana stores, making money transfers and settling bills on Paytm. Participants can also gift a Diwali Item to friends and win a surprise Diwali item in return.

A Paytm spokesperson said, “As the festival of lights approaches, this game is also our humble effort to bring Indians’ favourite festive game Tambola to life. This has been a tough year for people as the pandemic rolls on, and while people may not be able to meet friends and family or enjoy festivities like other years, they can still play Paytm’s Tambola game with anyone, anywhere in the country.”

Various combinations of items on the Tambola ticket has been curated to provide cashback and ensure that users have the potential to win some reward in multiple scenarios. Exciting cashback can be won by collecting sets of Diwali items on the Tambola ticket such as Early 7, Corners, Lines and Full House. Early 7 enables a cashback up to Rs. 500 if users can collect any 7 items on the ticket and Corners ensures a similar prize for collecting the 4 corner items on the ticket. Lines provide a cashback of Rs. 1000 for collecting all 4 items in a horizontal line. Finally, Full House locks in a special cashback up to Rs. 5000 if users can collect all 20 items on the ticket. The game can be easily accessed in the Cashbacks and Offers section, as well as in the Trending Now section of the Paytm App.

Business World

Paytm All in One POS empowers 2 lakh businesses this festive season with EMI offers, cashback from top banks & brands

Nov 5, 2020 by Gouri Achary 0 Comments #Axis, #Citibank, #festive season, #ICICI & Bank of Baroda, #no-cost EMI, #Paytm, #Renu Satti

India’s leading digital financial services platform Paytm has today announced that its All-in-one POS devices are empowering all businesses including small shopkeepers, retailers across the country with EMI offers, cashback from top banks & partnered brands. During the ongoing festive season, the company is enabling offline merchants to offer their customers deals similar to e-commerce players and large retailers. Paytm said that over 2 lakh offline businesses powered with POS devices would be taking part in the initiative.

The company has partnered with the top 15 banks including Axis, Citibank, ICICI & Bank of Baroda among others to enable merchants to provide the best cashback offers, no-cost EMI-deals, easy and affordable instalments to their customers. Major brands such as LG, Oppo, Vivo, Realme, Asus, Haier, Voltas, Voltas Beko, Daikin, Bosch, and Siemens will be offering discounts of up to Rs 20,000.

Paytm said that it is extensively working with offline merchants, small shopkeepers, retailers in tier-II, tier-III, and the rest of India cities to empower them with smart devices that accept all payments and help to efficiently run their operations. During the ongoing festive season, Paytm All in One POS would especially help businesses bring back customers to their establishments, present them with affordable offerings, and increase footfalls.

Renu Satti, Senior Vice President, Paytm Said “All businesses including, offline shopkeepers, retailers provide employment to millions of individuals and are an important part of the overall economy of the country. It is our endeavour to innovate products & services that are aligned with our mission of empowering them with technology-led solutions.

With Paytm All in One POS device, we are enabling them to offer the same discounts and bank deals that e-commerce firms offer online. Other than that they are easily able to digitise their business operations, without any investment in technology or backend infrastructure. Our devices are providing the much-needed digitization support to businesses to improve their efficiency & supporting them to join the Digital India mission.”

The smart POS device accepts payments from card swipes and QR code and this device is integrated with the ‘Paytm for Business’ app to generate GST compliant bills and also to manage all transactions & settlements. Besides this, Paytm for Business app also helps merchants to avail of numerous business services and financial solutions such as loans, insurance, and Business Khata to manage a digital ledger of all their transactions including udhaar, cash, and card sales. The Paytm for Business App has witnessed over 25 million downloads and is one of the most popular merchant apps on Google Play Store and App Store.

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