Paytm tops UPI payments with over 33% market share
New Delhi, Oct 1 : Alibaba and SoftBank-backed Paytm on Monday said it registered over 137 million UPI transactions in September, becoming the leading contributor to Unified Payments Interface (UPI) payments with over 33 per cent of the overall market share.
One97 Communications Limited, that owns the brand Paytm, said the company is enabling BHIM UPI for offline payments and over five million offline merchants, out of its 9.5 million merchant-base, now accept Paytm UPI.
"It is encouraging to see the widespread adoption of Paytm BHIM UPI as it is fast becoming a preferred payment method for millions of users, making us the leader in UPI payments," said Deepak Abbot, Senior Vice President, Paytm.
More than 20 per cent of all payments on Paytm are made using BHIM UPI for mobile recharge and payments, electricity and water bills and DTH recharges, among others.
"We will continue to invest our efforts to introduce more consumers and merchants to the convenience of Paytm UPI for online and offline use cases," said Abbot.
The company also announced the launch of its Spam-proof "SMS Inbox" as part of its "Paytm Inbox".
The "Spam-proof SMS Inbox" uses Machine Learning (ML) algorithms to classify SMS into personal, transactional and promotional categories.
Once activated, the app educates users about the various classifications of the SMS categories and their utility value.
"While filtering spam and categorising SMS, it brings a lot of features that would add value to the lives of our users," Abbot added.
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2001 Parliament attack anniversary: Vice Prez, PM Modi, MPs pay tributes to fallen heroes
New Delhi (PTI): Vice President C P Radhakrishnan on Saturday led Parliamentarians in paying floral tributes to those who died fending off terrorists who attacked the Parliament House in 2001.
On the 24th anniversary of the attack, Prime Minister Narendra Modi and Radhakrishnan, who is also the Rajya Sabha Chair, were among the first to offer tributes.
A brief function is held outside the now old Parliament building (Samvidhan Sadan) every December 13 to mark the day.
CISF personnel presented a salute or "samman guard" at the venue, after which a moment of silence was observed to mark the anniversary. Till 2023, the CRPF used to offer 'salami shastra' (present arms).
Congress leader Sonia Gandhi, Leader of the Opposition in the Lok Sabha Rahul Gandhi, and his sister Priyanka Gandhi Vadra, a senior party leader, were also present at the event. Union ministers Kiren Rijiju, Jitendra Singh and Arjun Ram Meghwal also lined up to offer flower petals at the photographs of the personnel who went down foiling the attack.
Lok Sabha Speaker Om Birla is in Latur to attend the funeral of former speaker of the Lower House of Parliament and ex-Union minister Shivraj Patil.
The attack was carried out by five armed terrorists, but personnel from the now former Parliament Security Service, CRPF and Delhi Police foiled the attack, with no terrorist being able to enter the building.
Six Delhi Police personnel, two Parliament Security Service personnel, a gardener and a TV video journalist were killed in the attack. All five terrorists were gunned down in the forecourt of the then Parliament building.
