Paytm adopts IMPS

15th June 2013 | By Mouseworld Now Correspondent | 1 Comment

Paytm-logoNew Delhi, India, June 15, 2013: Paytm.com today announced the adoption of Immediate Mobile Payments Service, IMPS for Merchant Payments. This new method of payment has been deployed successfully on the Paytm mobile site, its website and will soon be extended to its apps. IMPS is a system that links mobile numbers to bank accounts.

Paytm CEO, Harinder Takhar, said, “There are many mobile phones in this country, but not as many credit cards to easily transact with on mobile. IMPS will help customers with debit cards or netbanking accounts to transact on Paytm using their mobiles. By adopting IMPS, we have taken another step in the direction of Paytm’s goal of becoming the most frequented destination where most people will transact for the largest number of goods.”

To use IMPS, users simply have to click on the IMPS tab on the site or mobile site, enter their MMID or the Mobile Money ID number, their mobile number and the One Time Password given to them by their bank. MMID can be obtained by applying to the bank. OTP is also given by the bank through various easy means of communication.

Paytm is now using IMPS on its website and mobile site. While this method will soon be extended to its apps, Paytm is looking to add IMPS payments on SMS and Voice calls too. 57 banks are live with IMPS for their consumers, while 23 out of these are supporting it for merchant payments already. With the merchant payment service going live, more and more customers are choosing to make payments through their mobiles. National Payments Corporation of India, NPCI- the umbrella organisation for retail payments in India is implementing this system hopes to have hundreds of millions of mobile users in future. About Paytm Paytm is India’s preferred destination for prepaid recharges and bill payments for Mobile, DTH, 3G data, and utility services. Its online Bus Ticket booking service caters to over 12,000 bus routes all over India. Available at Paytm.com and all app stores, it offers incredible user experience and support. Backed by marquee investor like Intel Capital, SAIF Partners and SAP ventures, Paytm is part of One97 Communications, India’s mobile Internet pioneer.

 

© Mouseworld Now News Service

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AJAY SINGH Says:
July 3rd, 2015 at 1:11 am

Respected Sir,

I m register in your PAYTM.COM ecom web site as seller.
My seller ID- 33118 (Life line fashion)
I have more …more problem Products Listing department.
I write the mail many time to this department , but solution time is more delay 15 days AND MORE.

1- Products listing time take 15 days and more.. wright to many time mails for listing then make solution.
2- My products listing to mix two products in one SUK..how can select the
products buyers…??? This problem created by Paytm Team.

this problem i face to 10 days n more…
I write the mail of seller support, Manokant Tayagi (head) , and our team Manager… call on mobile no. but not pickup phone.
but no any response…I fed-up to seller support department..

this time many competitor in this fild of e-com…. Pl rectify this problem..
E-com slogon- you grow n we grow..
Pl one phone no to allotted seller support.

I think , you solved this problem..sir..
Thanks
Ajay Singh.
Lifeline fashion ID-33118
mo- 08004812300

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