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Yahoo
4 hours ago
- Business
- Yahoo
Paytm rolls out personalised UPI IDs for enhanced privacy
Indian payments company Paytm has introduced personalised UPI IDs, enabling users to conduct UPI transactions without revealing their mobile numbers. This feature allows for the creation of unique UPI handles such as name@ptyes or name@ptaxis, currently supported by Yes Bank and Axis Bank, with plans to extend to other banks. Paytm's new feature addresses the privacy concerns of mobile number exposure during UPI payments by allowing users to create custom UPI IDs. To set up a personalised UPI ID, users should navigate to 'UPI Settings' through the profile icon, where they can manage their UPI ID and select a preferred personalised handle. Once confirmed, the new UPI ID becomes the primary identifier for all subsequent UPI transactions, the company explained. Paytm spokesperson said: 'We have introduced personalised UPI IDs to offer more choice and privacy in payments. We heard the feedback from our customers who wanted to keep their mobile numbers private, and built this solution to address that need. We remain committed to developing thoughtful innovations that make payments safer and more convenient for all.' Additionally, Paytm has introduced a suite of features aimed at enhancing the overall payment experience. These include options to hide or unhide transactions, tools for financial tracking such as spend categorisation and monthly summaries, and widgets for receiving money alerts and facilitating QR payments. Moreover, the company implemented an auto top-up function for its UPI Lite service and offers downloadable UPI statements for financial monitoring. Paytm is also extending its UPI services to Indian travellers in various countries, including the UAE, Singapore, France, Mauritius, Bhutan, Sri Lanka, and Nepal. "Paytm rolls out personalised UPI IDs for enhanced privacy " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Time of India
a day ago
- Business
- Time of India
Paytm introduces personalized UPI ids to enhance user privacy and expand global payments
Mumbai: Paytm has introduced personalised UPI IDs aimed at enhancing user privacy by allowing payments without revealing mobile numbers. The feature enables users to create handles such as name@ptyes or name@ptaxis and is currently supported by Yes Bank and Axis Bank, with plans to extend it to other banking partners. The new UPI ID system allows individuals to send and receive money without disclosing their phone numbers, addressing concerns about personal data exposure in digital transactions. According to the company, this update offers a more secure and flexible way to use UPI for everyday payments, from settling bills with delivery agents to paying vendors or shopkeepers. A Paytm spokesperson said, 'We have introduced personalised UPI IDs to offer more choice and privacy in payments. We heard the feedback from our customers who wanted to keep their mobile numbers private and built this solution to address that need.' The company said the new system is designed to deliver greater control over personal information while maintaining seamless usability. Paytm users can create personalised UPI handles through the app by navigating to their profile, accessing UPI settings, selecting a custom ID, and activating it as the primary handle. by Taboola by Taboola 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 Once set, the personalised ID masks the mobile number in transaction details, providing users with a consistent identity for digital payments. The company has also rolled out seven other updates to its platform. These include the option to hide or unhide payments, automatic categorisation of spending, widgets for faster access to payment functions, auto top-up for low-value UPI Lite transactions up to Rs 5,000, downloadable UPI statements in PDF and Excel formats, and a consolidated view of balances across UPI-linked bank has also expanded UPI acceptance for Indian users abroad. UPI payments are now enabled in the UAE, Singapore, France, Mauritius, Bhutan, Sri Lanka, and Nepal, allowing users to make payments overseas using the same app. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Mayor
16-05-2025
- Business
- Business Mayor
UPI extras miss mark; Amazon streamlines India ops
Happy Friday! Most new features on Unified Payments Interface (UPI) have struggled to gain meaningful traction over the years. This and more in today's ETtech Morning Dispatch. Also in the letter: ■ PB Fintech profit triples■ GIC seeks CCI nod for Groww stake ■ Uptick in SaaS M&A deals UPI Lite and wallet-based pay off to a slow start as UPI payments climb In recent years, the National Payments Corporation of India (NPCI) has rolled out several new features—UPI Lite, wallet-based payments, recurring payments via UPI, UPI through RuPay credit cards, and UPI Circle. Yet, most have seen limited adoption. Driving the news: According to multiple sources, features like UPI Lite, wallet-based UPI payments, and RuPay card usage on UPI are seeing just 80-150 million monthly transactions. While not insignificant, these numbers appear modest given UPI's massive scale. Going deeper: Industry insiders cite several challenges hindering adoption: Fintechs such as PhonePe, Google Pay, and Paytm have done little to promote these features. The lack of financial incentives means big players primarily use UPI to drive traffic to their revenue-generating products. Banks are reluctant to invest in building and maintaining tools that show weak traction. Fresh challenges: Despite UPI's runaway success, NPCI must now prove its innovation muscle. Features like UPI Lite and wallet-based payments were designed to ease pressure on core banking systems. Their failure to scale undermines that goal and the NPCI's ambition to evolve the platform. Also Read: Behind UPI-first digital payment apps' latest plan to revamp their mobile wallet operations Amazon India's board clears logistics arm & marketplace biz merger Amazon Transportation Services (ATS), the logistics arm of American ecommerce giant in India, is merging with Amazon Seller Services, the primary marketplace unit in the country. Driving the news: The National Company Law Tribunal (NCLT) has granted interim approval for the merger. In its filings with the NCLT, Amazon stated that the move aims to: Reduce legal and regulatory compliance requirements Enable more efficient management of infrastructure and resources across both companies. For context: ATS was launched in 2013 as an in-house logistics service for Amazon's ecommerce marketplace in India. The unit still generates more than 95% of its revenue from Amazon. In 2023, ATS began offering its services to third-party clients as well. Rival watch: Flipkart operates its own logistics arm, Ekart Logistics. Meesho, backed by SoftBank, launched Valmo last year to serve its sellers. Financial snapshot: ATS reported a 7.6% YoY rise in operating revenue for FY24 to Rs 4,889 crore. Amazon Seller Services reported Rs 25,406 crore in operating revenue during FY24, up 14%. Also Read: CAIT calls for ban on sale of Pakistani flags, merchandise on Amazon, Flipkart Flipkart helps deliver strong Walmart ad business Ecommerce giant Flipkart has powered a strong quarter for its US-based parent Walmart, contributing to a 20% rise in international advertising revenue for the three months ending April 30. Walmart Q1 results: Walmart International reported net sales of $32.1 billion for the February-April quarter, marking a 7.8% year-on-year increase. Growth in constant currency terms was primarily driven by Flipkart, alongside strong performances from Walmart's businesses in China and Walmex (Mexico and Central America). In numbers: Flipkart Internet, the marketplace arm of Flipkart, earned nearly Rs 5,000 crore from advertising in the financial year ending March 2024, outpacing the Rs 3,734 crore generated from marketplace fees. Read More Elon Musk debuts 'Grok' AI bot to rival ChatGPT, others Also Read: Flipkart may limit its quick commerce expansion to top cities to reduce burn Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: ETtech Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and employees. The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Interested? Reach out to us at spotlightpartner@ to explore sponsorship opportunities. PB Fintech profit triples in Q4, revenue up 38% Alok Bansal and Yashish Dahiya, founders, PB Fintech group PB Fintech posted an 181% year-on-year (YoY) jump in net profit to Rs 171 crore for the quarter that ended March 2025, driven by strong performance across its business verticals. Q4 highlights: Net profit: Rs 171 crore, up 181% YoY Rs 171 crore, up 181% YoY Revenue: Rs 1,508 crore, up 38% YoY Rs 1,508 crore, up 38% YoY Expenses: Rs 1,437 crore, up 29% YoY (from Rs 1,145 crore in Q4 FY24) Tell me more: The robust profit growth was fuelled mainly by steady momentum in the insurance business, alongside strong disbursals in secured loans such as home loans and loans against property, which boosted the lending vertical. The slower pace of expense growth relative to revenue also contributed to the improved bottom line. Insurance business (Policybazaar): Q4 premium collection: Rs 7,030 crore (vs Rs 2,176 crore in Q4 FY24) FY25 total premium processed: Rs 23,486 crore Also Read: PB Healthcare secures $218 million from General Catalyst, PB Fintech, others GIC seeks CCI nod for Groww stake ahead of IPO Lalit Keshre, CEO, Groww Singapore's sovereign wealth fund GIC has sought the Competition Commission of India's (CCI) nod to acquire a 2.14% stake in wealthtech startup Groww through its affiliate Viggo Investment. Read More British AI pioneer joins Microsoft Why it matters: The move is part of Groww's $200 million pre-IPO funding at a 6.5 billion valuation, as reported by ET on March 26. As we reported earlier, this will nearly double its 2021 private market valuation. The big picture: Groww, now India's largest stockbroker by active clients, recently shifted its domicile to India and is gearing up to file its IPO papers soon. Also Read: Groww gets CCI approval for bonus shares, founders relinquish extra voting rights Other Top Stories By Our Reporters Trump wants Apple to stop moving iPhone production to India: President Donald Trump asked Tim Cook to halt production in India and move back to the US, as the iPhone maker plans to diversify its manufacturing beyond China. SaaS sees an uptick in mergers, buyouts as AI flips the script: As smaller software-as-a-service (SaaS) companies struggle to raise funds and scale operations amid the AI boom, M&A deals increased 19% sequentially and 31% annually in the March quarter. New-age ice cream brand Hocco raises $10 million: The latest funding round was co-led by the Chona family office and Sauce VC, and funds were earmarked for expansion, capex, innovation, marketing, and more. Global Picks We Are Reading ■ US tech visa applications are being put through the ringer (Wired) ■ AI therapy is a surveillance machine in a police state (The Verge) ■ Apple finally launches next-gen 'CarPlay Ultra' software, starting with Aston Martin (TechCrunch) READ SOURCE businessmayor May 16, 2025
Economic Times
16-05-2025
- Business
- Economic Times
UPI extras miss mark; Amazon streamlines India ops
Happy Friday! Most new features on United Payments Interface (UPI) have struggled to gain meaningful traction over the years. This and more in today's ETtech Morning Dispatch. Also in the letter: ■ PB Fintech profit triples■ GIC seeks CCI nod for Groww stake■ Uptick in SaaS M&A deals UPI Lite and wallet-based pay off to a slow start as UPI payments climb In recent years, the National Payments Corporation of India (NPCI) has rolled out several new features—UPI Lite, wallet-based payments, recurring payments via UPI, UPI through RuPay credit cards, and UPI Circle. Yet, most have seen limited adoption. Driving the news: According to multiple sources, features like UPI Lite, wallet-based UPI payments, and RuPay card usage on UPI are seeing just 80-150 million monthly transactions. While not insignificant, these numbers appear modest given UPI's massive scale. Going deeper: Industry insiders cite several challenges hindering adoption: Fintechs such as PhonePe, Google Pay, and Paytm have done little to promote these features. The lack of financial incentives means big players primarily use UPI to drive traffic to their revenue-generating products. Banks are reluctant to invest in building and maintaining tools that show weak traction. Fresh challenges: Despite UPI's runaway success, NPCI must now prove its innovation muscle. Features like UPI Lite and wallet-based payments were designed to ease pressure on core banking systems. Their failure to scale undermines that goal and the NPCI's ambition to evolve the platform. Also Read: Behind UPI-first digital payment apps' latest plan to revamp their mobile wallet operations Amazon India's board clears logistics arm & marketplace biz merger Amazon Transportation Services (ATS), the logistics arm of American ecommerce giant in India, is merging with Amazon Seller Services, the primary marketplace unit in the country. Driving the news: The National Company Law Tribunal (NCLT) has granted interim approval for the merger. In its filings with the NCLT, Amazon stated that the move aims to: Reduce legal and regulatory compliance requirements Enable more efficient management of infrastructure and resources across both companies. For context: ATS was launched in 2013 as an in-house logistics service for Amazon's ecommerce marketplace in India. The unit still generates more than 95% of its revenue from Amazon. In 2023, ATS began offering its services to third-party clients as well. Rival watch: Flipkart operates its own logistics arm, Ekart Logistics. Meesho, backed by SoftBank, launched Valmo last year to serve its sellers. Financial snapshot: ATS reported a 7.6% YoY rise in operating revenue for FY24 to Rs 4,889 crore. Amazon Seller Services reported Rs 25,406 crore in operating revenue during FY24, up 14%. Also Read: CAIT calls for ban on sale of Pakistani flags, merchandise on Amazon, Flipkart Flipkart helps deliver strong Walmart ad business Ecommerce giant Flipkart has powered a strong quarter for its US-based parent Walmart, contributing to a 20% rise in international advertising revenue for the three months ending April 30. Walmart Q1 results: Walmart International reported net sales of $32.1 billion for the February-April quarter, marking a 7.8% year-on-year increase. Growth in constant currency terms was primarily driven by Flipkart, alongside strong performances from Walmart's businesses in China and Walmex (Mexico and Central America). In numbers: Flipkart Internet, the marketplace arm of Flipkart, earned nearly Rs 5,000 crore from advertising in the financial year ending March 2024, outpacing the Rs 3,734 crore generated from marketplace fees. Also Read: Flipkart may limit its quick commerce expansion to top cities to reduce burn Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: ETtech Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and employees. The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Interested? Reach out to us at spotlightpartner@ to explore sponsorship opportunities. PB Fintech profit triples in Q4, revenue up 38% Alok Bansal and Yashish Dahiya, founders, PB Fintech group PB Fintech posted an 181% year-on-year (YoY) jump in net profit to Rs 171 crore for the quarter that ended March 2025, driven by strong performance across its business verticals. Q4 highlights: Net profit: Rs 171 crore, up 181% YoY Rs 171 crore, up 181% YoY Revenue: Rs 1,508 crore, up 38% YoY Rs 1,508 crore, up 38% YoY Expenses: Rs 1,437 crore, up 29% YoY (from Rs 1,145 crore in Q4 FY24) Tell me more: The robust profit growth was fuelled mainly by steady momentum in the insurance business, alongside strong disbursals in secured loans such as home loans and loans against property, which boosted the lending vertical. The slower pace of expense growth relative to revenue also contributed to the improved bottom line. Insurance business (Policybazaar): Q4 premium collection: Rs 7,030 crore (vs Rs 2,176 crore in Q4 FY24) FY25 total premium processed: Rs 23,486 crore Also Read: PB Healthcare secures $218 million from General Catalyst, PB Fintech, others GIC seeks CCI nod for Groww stake ahead of IPO Lalit Keshre, CEO, Groww Singapore's sovereign wealth fund GIC has sought the Competition Commission of India's (CCI) nod to acquire a 2.14% stake in wealthtech startup Groww through its affiliate Viggo Investment. Why it matters: The move is part of Groww's $200 million pre-IPO funding at a 6.5 billion valuation, as reported by ET on March 26. As we reported earlier, this will nearly double its 2021 private market valuation. The big picture: Groww, now India's largest stockbroker by active clients, recently shifted its domicile to India and is gearing up to file its IPO papers soon. Also Read: Groww gets CCI approval for bonus shares, founders relinquish extra voting rights Other Top Stories By Our Reporters Trump wants Apple to stop moving iPhone production to India: President Donald Trump asked Tim Cook to halt production in India and move back to the US, as the iPhone maker plans to diversify its manufacturing beyond China. SaaS sees an uptick in mergers, buyouts as AI flips the script: As smaller software-as-a-service (SaaS) companies struggle to raise funds and scale operations amid the AI boom, M&A deals increased 19% sequentially and 31% annually in the March quarter. New-age ice cream brand Hocco raises $10 million: The latest funding round was co-led by the Chona family office and Sauce VC, and funds were earmarked for expansion, capex, innovation, marketing, and more. Global Picks We Are Reading ■ US tech visa applications are being put through the ringer (Wired) ■ AI therapy is a surveillance machine in a police state (The Verge) ■ Apple finally launches next-gen 'CarPlay Ultra' software, starting with Aston Martin (TechCrunch) Updated On May 16, 2025, 07:14 AM IST
Time of India
16-05-2025
- Business
- Time of India
UPI extras miss mark; Amazon streamlines India ops
UPI extras miss mark; Amazon streamlines India ops Want this newsletter delivered to your inbox? Also in the letter: UPI Lite and wallet-based pay off to a slow start as UPI payments climb Driving the news: Going deeper: Fintechs such as PhonePe, Google Pay, and Paytm have done little to promote these features. The lack of financial incentives means big players primarily use UPI to drive traffic to their revenue-generating products. Banks are reluctant to invest in building and maintaining tools that show weak traction. Fresh challenges: Also Read: Amazon India's board clears logistics arm & marketplace biz merger Driving the news: Reduce legal and regulatory compliance requirements Enable more efficient management of infrastructure and resources across both companies. For context: Rival watch: Flipkart operates its own logistics arm, Ekart Logistics. Meesho, backed by SoftBank, launched Valmo last year to serve its sellers. Financial snapshot: ATS reported a 7.6% YoY rise in operating revenue for FY24 to Rs 4,889 crore. Amazon Seller Services reported Rs 25,406 crore in operating revenue during FY24, up 14%. Also Read: Flipkart helps deliver strong Walmart ad business Walmart Q1 results: Walmart International reported net sales of $32.1 billion for the February-April quarter, marking a 7.8% year-on-year increase. Growth in constant currency terms was primarily driven by Flipkart, alongside strong performances from Walmart's businesses in China and Walmex (Mexico and Central America). In numbers: Also Read: 🚀 Sponsor ETtech Top 5 & Morning Dispatch! The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: PB Fintech profit triples in Q4, revenue up 38% Q4 highlights: Net profit: Rs 171 crore, up 181% YoY Rs 171 crore, up 181% YoY Revenue: Rs 1,508 crore, up 38% YoY Rs 1,508 crore, up 38% YoY Expenses: Rs 1,437 crore, up 29% YoY (from Rs 1,145 crore in Q4 FY24) Tell me more: Insurance business (Policybazaar): Q4 premium collection: Rs 7,030 crore (vs Rs 2,176 crore in Q4 FY24) FY25 total premium processed: Rs 23,486 crore Also Read: GIC seeks CCI nod for Groww stake ahead of IPO Why it matters: The big picture: Also Read: Other Top Stories By Our Reporters Trump wants Apple to stop moving iPhone production to India: SaaS sees an uptick in mergers, buyouts as AI flips the script: New-age ice cream brand Hocco raises $10 million: Global Picks We Are Reading Happy Friday! Most new features on United Payments Interface (UPI) have struggled to gain meaningful traction over the years. This and more in today's ETtech Morning Dispatch.■ PB Fintech profit triples■ GIC seeks CCI nod for Groww stake■ Uptick in SaaS M&A dealsIn recent years, the National Payments Corporation of India (NPCI) has rolled out several new features—UPI Lite, wallet-based payments, recurring payments via UPI, UPI through RuPay credit cards, and UPI Circle. Yet, most have seen limited adoption According to multiple sources, features like UPI Lite, wallet-based UPI payments, and RuPay card usage on UPI are seeing just 80-150 million monthly transactions. While not insignificant, these numbers appear modest given UPI's massive insiders cite several challenges hindering adoption:Despite UPI's runaway success, NPCI must now prove its innovation muscle. Features like UPI Lite and wallet-based payments were designed to ease pressure on core banking systems. Their failure to scale undermines that goal and the NPCI's ambition to evolve the Transportation Services (ATS), the logistics arm of American ecommerce giant in India, is merging with Amazon Seller Services, the primary marketplace unit in the National Company Law Tribunal (NCLT) has granted interim approval for the merger. In its filings with the NCLT, Amazon stated that the move aims to:ATS was launched in 2013 as an in-house logistics service for Amazon's ecommerce marketplace in India. The unit still generates more than 95% of its revenue from Amazon. In 2023, ATS began offering its services to third-party clients as giant Flipkart has powered a strong quarter for its US-based parent Walmart, contributing to a 20% rise in international advertising revenue for the three months ending April Internet, the marketplace arm of Flipkart, earned nearly Rs 5,000 crore from advertising in the financial year ending March 2024, outpacing the Rs 3,734 crore generated from marketplace it matters: ETtech Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship Bansal and Yashish Dahiya, founders, PB Fintech groupPB Fintech posted an 181% year-on-year (YoY) jump in net profit to Rs 171 crore for the quarter that ended March 2025, driven by strong performance across its business robust profit growth was fuelled mainly by steady momentum in the insurance business, alongside strong disbursals in secured loans such as home loans and loans against property, which boosted the lending vertical. The slower pace of expense growth relative to revenue also contributed to the improved bottom Keshre, CEO, GrowwSingapore's sovereign wealth fund GIC has sought the Competition Commission of India's (CCI) nod to acquire a 2.14% stake in wealthtech startup Groww through its affiliate Viggo move is part of Groww's $200 million pre-IPO funding at a 6.5 billion valuation , as reported by ET on March 26. As we reported earlier, this will nearly double its 2021 private market now India's largest stockbroker by active clients, recently shifted its domicile to India and is gearing up to file its IPO papers Donald Trump asked Tim Cook to halt production in India and move back to the US, as the iPhone maker plans to diversify its manufacturing beyond smaller software-as-a-service (SaaS) companies struggle to raise funds and scale operations amid the AI boom, M&A deals increased 19% sequentially and 31% annually in the March latest funding round was co-led by the Chona family office and Sauce VC, and funds were earmarked for expansion, capex, innovation, marketing, and more.■ US tech visa applications are being put through the ringer ( Wired ■ AI therapy is a surveillance machine in a police state ( The Verge ■ Apple finally launches next-gen 'CarPlay Ultra' software, starting with Aston Martin ( TechCrunch
