Connect with us

News

Paytm Revamps App To Change User Experience

Published

on

Paytm Revamps App To Change User Experience,Startup Stories,2018 Latest Business News,Startup News India,Paytm Revamps App,Digital payments platform Paytm,Google payment businesses,Paytm Payments Bank,Paytm Revamps App Features,Paytm App,Paytm Latest News

Digital payments platform Paytm revamped its mobile application in an effort to change the user experience. The firn is moving from being just a digital wallet to a full stack payments provider by offering multi source and multi destination solutions.

The online payments app is reportedly eyeing exponential growth in money transfers by targeting the unorganized workforce this year. The company has also added multiple payment methods, including bank to bank transactions under its ‘Money Transfers’ option, in an attempt to overpower WhatsApp’s and Google’s payment businesses in the country.

Speaking about the redesign, Paytm’s Chief Operating Officer Kiran Vasireddy said, “We are very excited to introduce the new, revamped interface on (the) Paytm App. The new design is refreshing and has upgrades (sic) to some of the most important flows, including money transfers.” The new application already went live for Apple users on Sunday and will be available for Android devices from Monday. The company claims with a reach of seven million offline merchants, the app has achieved a billion transactions per quarter.

Along with intense competition from international players such as Google and WhatsApp, the company has further been impacted by the Reserve Bank Of India’s new Know Your Consumer (KYC) guidelines. So far, the company has offered separate money transfer options between the Paytm Payments Bank and other banks focusing mainly on peer to peer transactions on the digital wallet and peer to merchant transactions through QR codes. This revamp, however, will help position the online payments firm as a ‘super app’ by enabling large transactions such as rental payments through bank to bank transfers and offering multiple modes of payment under one option.

Kiran Vasireddy further added, “This year, we are aiming for an exponential growth in money transfer transactions by transforming payments done in the unorganized sector — this will include freelancers, tuition fee, house rent, salaries of the unorganized workforce and others into direct bank transfers using the Paytm app.

Continue Reading
Advertisement
1 Comment

1 Comment

  1. Rmrmjfne

    May 25, 2025 at 1:41 pm

    Explore the ranked best online casinos of 2025. Compare bonuses, game selections, and trustworthiness of top platforms for secure and rewarding gameplaycrypto casino.

Leave a Reply

Your email address will not be published. Required fields are marked *

Funding

Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

Published

on

My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

Continue Reading

News

Kingdom of Innovation: Saudi Arabia Tops Global Startup Growth Rankings for 2025

Published

on

StartupStories

Saudi Arabia has been named the fastest-growing startup ecosystem in the world in the 2025 StartupBlink Global Startup Ecosystem Index, with a growth rate exceeding 200%—the only country in the global top 100 to achieve this milestone. This surge has earned the Kingdom the “Country of the Year” title, highlighting its transformation into a global innovation leader.

The report ranks 110 countries and 1,400 cities, with three Saudi cities—led by Riyadh—making the global top 1,000. Riyadh entered the world’s top 100 startup cities, posting a 134% growth rate, and solidifying its role as a regional tech hub.

Saudi Arabia now leads globally in HealthTech, nanotechnology, and transport tech, and ranks among the top in sectors like fintech, e-commerce, logistics, and gaming. The Kingdom’s rapid progress is fueled by Vision 2030, robust government support, and record venture capital investment, making it the most funded VC market in MENA.

Startups such as Tabby, Tamara, and Jahez exemplify this momentum, as Saudi Arabia emerges as a top destination for innovation and entrepreneurship.

 

Continue Reading

News

SC Grants Relief to Paytm’s First Games, Stays Massive GST Notice

Published

on

StartupStories

The Supreme Court of India has granted interim relief to Paytm’s gaming arm, First Games, by staying proceedings on a ₹5,712 crore GST notice issued by the Directorate General of GST Intelligence (DGGI). The notice, sent in April 2025, demanded GST for the period January 2018 to March 2023, based on the department’s view that 28% GST should be levied on the total entry amount, rather than the 18% GST currently paid on platform fees.

First Games challenged the notice in the Supreme Court, which on May 23, 2025, ordered a stay on all further proceedings until a final decision is reached. The dispute is part of a broader industry-wide debate over the correct GST treatment for real money gaming platforms, with similar cases pending before the court. Following the stay, Paytm shares rose nearly 2% in early trading, reflecting investor optimism.

The Supreme Court’s order provides temporary relief to First Games and signals ongoing judicial scrutiny of GST demands across India’s online gaming sector.

Continue Reading
Advertisement

Recent Posts

Advertisement