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Paytm To Support and Scan Third Party QR Codes

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Paytm to Support Third Party QR Codes,Third Party QR Codes,Paytm To scan generic QR codes,Quick Response code payment,Paytm CEO,Government of India,Paytm making QR code,Paytm Latest News,Startup Stories,2017 Latest Business News

The Quick Response code payment method has led the revolution in the online payment systems by connecting the offline and online ecosystems. Paytm, which pioneered the QP based mobile payments system, is now set to open up its code scanning service for third party companies as well.

Paytm users will be able to scan generic QR codes developed on an open source platform. This is a strategic move by the company to expand into new business avenues and build a discovery business, especially in the offline space and therefore, generate revenue by charging the third party brands and by plugging advertisements.

Speaking about this move Senior Vice President of Paytm, Deepak Abbot said the scan and pay feature has been a good success for Paytm and they are, hence, aiming to offer the same experience for the third party users. “This is being built as the go to engine of sorts for discovery for web links, download apps, discover products, store information as well as continue to make payments,” he added.

Since the beginning of the year, both Unified Payments Interface (UPI) and the Government of India have launched their own QR codes to promote digital payments across channels. At present, close to 65% of the transactions are being conducted on Paytm’s QR based platform. Abbot also said, by adding the Rupay and UPI networks, Paytm will eventually increase the number of QR code based payments in the industry. QR code based payment services include zero transaction charges, apart from a minimal transfer fee and do not include any cost of installation.

The QR code based transaction option was first introduced by Paytm in October 2015, allowing customers to simply scan a code and instantly transfer money to the merchants Paytm account. They plan to add 100 million merchants across 650 districts, enabled with these codes, by December. Over the last couple of years, Paytm has also been diversifying into multiple businesses beyond payments and are also expected to launch a chat messenger app by the end of this month.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

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Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

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Ixigo Halts Bookings for Flights and Hotels to Turkey, China

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Indian online travel platform ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan in response to these countries expressing support for Pakistan after India’s military strikes-dubbed ‘Operation Sindoor’-against terror bases in Pakistan and Pakistan-Occupied Kashmir. The move, announced by CEO Aloke Bajpai on X, was described as an act of solidarity with India during heightened diplomatic tensions following the Pahalgam terror attack.

ixigo’s decision aligns with similar actions by other Indian travel companies, including EaseMyTrip and Cox & Kings, which have also restricted travel services to Turkey, China, and Azerbaijan. The suspensions come amid widespread calls for boycotts after these countries condemned India’s military response and backed Pakistan.

The travel industry’s collective response underscores how geopolitical developments are influencing business decisions, with Indian companies emphasizing national interests and unity in the face of international criticism

 

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