Union Minister Piyush Goyal meets Paytm founder, discuss making India digital payments powerhouse
New Delhi [India] , May 26 (ANI): In a significant step toward strengthening India's position in the global digital economy, Union Minister of Commerce & Industry Piyush Goyal, met with Paytm Founder and CEO Vijay Shekhar Sharma to discuss the future of fintech, digital payments, and inclusive e-commerce in India.
During the discussion, Minister Goyal highlighted the government's vision of making India a global fintech and digital payments powerhouse. The conversation focused on the potential to export India-made payment systems to the world -- a domain where Paytm has been a pioneering force with innovations like mobile payments, QR based payments, Soundbox, card machines and UPI-based services.
The two also discussed the inclusive potential of the Open Network for Digital Commerce (ONDC). With a strong emphasis on empowering neighbourhood Kirana stores and small business owners, the meeting explored how platforms like Paytm can help onboard these merchants into the formal digital ecosystem -- improving access, transparency, and economic opportunity.
Following the meeting, Paytm posted, 'Thank you Hon'ble Minister @PiyushGoyal for the insightful discussion. We are committed to building for India and taking innovations from India to the world.'
According to a company release, as one of India's leading mobile payments and financial services platforms, Paytm continues to drive technology-led growth with an unwavering focus on empowering small merchants, expanding UPI innovation, and contributing to India's digital economy goals.
Paytm is the only payments platform that innovates user-centric products from downloading UPI statements in pdf and excel to hide or unhide payments and check bank account balance on the Paytm app, the release further states.
This meeting reaffirms the collaborative effort between the private sector and the government in building a future-ready, globally relevant fintech ecosystem -- made in India, for the world. (ANI)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
12 minutes ago
- Time of India
Cops warn against fake QR code fraud
Jaipur: Rajasthan Police Wednesday cautioned public against a new method of cyber fraud involving fake QR codes, urging shopkeepers and customers to stay alert. Fraudsters are sticking counterfeit QR codes over genuine ones at shops, diverting payments to their own bank accounts instead of the shopkeeper's, they said. According to Shantanu Kumar, SP Cyber Crime , the cyber wing released an advisory explaining this emerging scam. People using payment apps like Paytm, PhonePe, or Google Pay are being tricked when they scan these fake codes, unknowingly transferring money to criminals. In most cases, shopkeepers realised something was wrong only when no payment notification was received, but by then the customer left and the transaction was complete. This delay made recovery of money nearly impossible. Rajasthan Police advised shopkeepers to place QR codes in secure, tamper-proof spots, preferably within their line of sight. They should remove the codes at night and inspect them regularly for signs of tampering. Jaipur: Rajasthan Police Wednesday cautioned public against a new method of cyber fraud involving fake QR codes, urging shopkeepers and customers to stay alert. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo Fraudsters are sticking counterfeit QR codes over genuine ones at shops, diverting payments to their own bank accounts instead of the shopkeeper's, they said. According to Shantanu Kumar, SP Cyber Crime, the cyber wing released an advisory explaining this emerging scam. People using payment apps like Paytm, PhonePe, or Google Pay are being tricked when they scan these fake codes, unknowingly transferring money to criminals. In most cases, shopkeepers realised something was wrong only when no payment notification was received, but by then the customer left and the transaction was complete. This delay made recovery of money nearly impossible. Rajasthan Police advised shopkeepers to place QR codes in secure, tamper-proof spots, preferably within their line of sight. They should remove the codes at night and inspect them regularly for signs of tampering.
Hindustan Times
15 minutes ago
- Hindustan Times
Trump signs order to double steel, aluminium import tariffs to 50%
New Delhi: A 50% tariff on steel and aluminium imports into the United States went into effect on Wednesday, doubling the previous rate as President Donald Trump cited national security concerns for the dramatic escalation in trade protections. The new tariff rates, increased from an earlier 25% rate, were announced by Trump in a statement on Tuesday. The president claimed legal authority to impose the tariffs through Section 232 of the Trade Expansion Act of 1962, which allows the president to address national security risks arising from imports. 'In my judgement, the increased tariffs will more effectively counter foreign countries that continue to offload low-priced, excess steel and aluminium in the United States market and thereby undercut the competitiveness of the United States steel and aluminium industries,' read Trump's statement released by the White House. Trump said the earlier 25% tariff rates, first announced in February and implemented on March 12, had helped America's steel industry but had not enabled companies to maintain the capacity needed to meet national defence needs. 'I have determined that increasing the previously imposed tariffs will provide greater support to these industries and reduce or eliminate the national security threat posed by imports of steel and aluminium articles and their derivative articles,' Trump said. The tariff increase comes amid broader trade disputes at the World Trade Organisation. Several countries, including India, have formally challenged the US measures, characterising them as 'safeguard measures' that violate WTO rules and threaten retaliatory action. In May, India formally notified the WTO that it viewed America's tariffs on steel and aluminium as safeguard measures and indicated it could suspend 'concessions and other obligations' given to the US and that it retains the right to enforce retaliatory measures. On May 22, America rejected India's characterisation of the tariffs as safeguard measures and refused to engage in talks on the matter. The introduction of tariffs has proven controversial within the US. The America Iron and Steel Institute, an industry group, has welcomed the increased tariffs as a necessary measure to protect domestic producers from cheaper foreign competition. However, manufacturers using steel as input for production have publicly raised concerns that more expensive steel will impact competitiveness across other domestic industries. For India specifically, the consequences are direct and substantial. According to the Global Trade Research Institute (GTRI), a New Delhi-based research group, India exported $4.56 billion worth of iron, steel, and aluminium products to the US in FY2025, with key categories including $587.5 million in iron and steel, $3.1 billion in articles of iron or steel, and $860 million in aluminium and related articles. 'These exports are now exposed to sharply higher US tariffs, threatening the profitability of Indian producers and exporters,' the GTRI said in a brief.
Time of India
16 minutes ago
- Time of India
Profit takes a backseat for birds at this adventure park
Vadodara: It all started with a flutter of feathers on a 50-foot bungee platform. A few summers ago, Bandish Shah, a Vadodara-based businessman and nature enthusiast, spotted an Indian pitta — a small, vibrantly colored bird — nesting atop a popular ride in the adventure zone of his resort in Dabhoi. Most people would've ignored it. But Shah did something unexpected: he shut the ride down. "The adventure zone was bustling during the summer holidays, but I couldn't let thrill rides endanger nesting birds," recalls Shah. That one incident changed everything. Soon, he discovered that this wasn't a one-time occurrence. The dense green canopy surrounding the adventure zone had become a seasonal refuge for several birds — from Indian pittas and Asian paradise flycatchers to fork-tailed drongos and orange-headed thrushes. Many of these species, including migratory ones, return year after year to nest during summer — coinciding with the peak tourist season. Faced with a choice between ecology and economy, Shah chose the birds. Since then, he has made it a rule: if a bird nests too close to any ride, that activity is shut down — regardless of footfall or profits. "If hundreds of visitors use the rides daily, it disturbs the birds. And they may never return," Shah told TOI. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo "So I decided their safety comes first." The decision comes at a cost. Shah estimates that he loses lakhs of rupees annually by keeping the adventure zone partially or fully closed during nesting periods. Yet, he remains unfazed. "I am a nature enthusiast. Disturbing other living beings for entertainment is the last thing I'd want. Revenue can be recovered. Lost wildlife, once gone, doesn't return," he says. It isn't just the rides that have been adjusted. Once echoing with loud DJ music, the zone now embraces silence. All artificial lights are turned off at night. The goal: create a space where birds feel safe — not threatened — by human presence. Shah's resort, spread across 120 acres, is a green sanctuary by design. Only 10% of the land has construction — mostly using natural materials. The rest is a vibrant forest of native trees, nurtured over the past 15 years as part of his eco-tourism vision. Today, the area hosts over 155 species of birds, some of which return annually to breed. "We also plant thousands of indigenous saplings every year in and around the property," Shah adds. "It's about long-term conservation, not short-term gain."
