It is rare for the country’s premier investigation agency, overburdened with work and short-staffed, to take up such cases as Paytm is neither a government financial institution nor is its loss connected to the exchequer.
Most of these mobile wallet companies are setting up digital shops without knowing the cyber risks involved.
CBI registered a case against 15 Paytm customers for allegedly cheating the digital wallet to the tune of Rs 6.15 lakh
In a tweet on Thursday, the company said they’re currently updating their systems and will be back shortly.
Paytm has introduced a new ‘App Password’ feature on its Android mobile app. Here’s how to enable it.
Paytm has announced a toll-free number 1800-1800-1234 to enable consumers and merchants without an internet connection to pay and receive money
Paytm, is restructuring its business ahead of launch of its Payments Bank, merging wallet business with payments bank operation.
Founder Vijay Shekhar Sharma said Paytm goes out into the world as an Indian company that is of “pride” to India. “What matters to us is our customers, what matters to us is the law of land, regulator,” he said.
Paytm has rolled back the app-based point of sale feature on its platform, citing privacy and user safety concerns,
Paytm has today announced an update which brings Point-of-Sale (POS) capabilities to the app.
RBI has increased the monthly wallet limit for users to Rs 20,000 from the earlier Rs 10,000.
Paytm is also holding a contest where it will give away Rs 2,000 every 15 minutes to lucky winners.
Paytm said it has registered over 7 million transactions worth Rs 120 crore in a day after the demonetisation drive started.
Well-known players in this space such as Paytm and Mobikwik have the largest reach with presence in local shops as well.
Demonetisation effect: Paytm and MobiKwik claim to have seen a boost in usage and transactions.