Paytm payments bank
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This document will give a basic understanding about the Payments banking in India and the players in the Indian market. Features in the Paytm payments bank is also explained
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Overview of digital payments in india
The digital payments landscape in India has evolved significantly in recent years due to improvements in technology and a push for cashless transactions. Notable developments include the introduction of the UPI system in 2016, which has grown enormously and now outpaces wallets. Various payment modes like UPI, wallets, cards and Bharat QR are regulated by entities like the RBI, NPCI and follow guidelines on KYC/AML. Digital payments are projected to reach $500B by 2020 and constitute 15% of India's GDP, indicating continued growth in online transactions.
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Vijay Shekhar Sharma founded Paytm in 2010 as an online mobile recharge website, which has since expanded to become India's largest mobile payments and commerce platform with over 150 million wallets. Paytm allows users to store money in an online wallet and make payments for services like bills, tickets, and purchases seamlessly using a virtual debit card. It received investment from Alibaba and Ratan Tata and in 2015 was granted a license to operate as India's first payment bank, expanding into banking services like savings accounts and debit cards.
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Paytm began in 2000 as a company called One97 that provided mobile content services. In 2010, it launched Paytm as a digital payments platform, allowing users to pay bills and recharge phones. Paytm grew rapidly after receiving a payments license in 2013. It expanded into services like transportation, commerce, and banking. Key to Paytm's success has been partnerships with companies in high-transaction businesses and support from investors like Alibaba. Paytm now has over 150 million users and processes billions of transactions annually, having established itself as India's largest digital payments platform through building out offerings and riding growth in digital payments in India.
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Ppt paytm
Paytm is an Indian e-commerce company that launched in 2010 and focuses on mobile and bill payments. It was founded by Vijay Shekhar Sharma and received funding from Ratan Tata and Alibaba Group. Paytm allows users to create accounts, login securely, and use its digital wallet to make mobile recharges, bill payments, online shopping and more. It now has over 150 million wallets and offers banking services through its payments bank license.
Digital payments
Digital payments in India are being transformed through multiple options like UPI, e-wallets, cards, Aadhaar payments and USSD. UPI allows money transfer between banks using a virtual address, while e-wallets like Paytm allow loading funds and using them for purchases and bills. The government is promoting digital payments through policies while barriers include lack of internet access in rural areas.
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Overview of digital payments in india
The digital payments landscape in India has evolved significantly in recent years due to improvements in technology and a push for cashless transactions. Notable developments include the introduction of the UPI system in 2016, which has grown enormously and now outpaces wallets. Various payment modes like UPI, wallets, cards and Bharat QR are regulated by entities like the RBI, NPCI and follow guidelines on KYC/AML. Digital payments are projected to reach $500B by 2020 and constitute 15% of India's GDP, indicating continued growth in online transactions.
Paytm persentation
Vijay Shekhar Sharma founded Paytm in 2010 as an online mobile recharge website, which has since expanded to become India's largest mobile payments and commerce platform with over 150 million wallets. Paytm allows users to store money in an online wallet and make payments for services like bills, tickets, and purchases seamlessly using a virtual debit card. It received investment from Alibaba and Ratan Tata and in 2015 was granted a license to operate as India's first payment bank, expanding into banking services like savings accounts and debit cards.
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Paytm began in 2000 as a company called One97 that provided mobile content services. In 2010, it launched Paytm as a digital payments platform, allowing users to pay bills and recharge phones. Paytm grew rapidly after receiving a payments license in 2013. It expanded into services like transportation, commerce, and banking. Key to Paytm's success has been partnerships with companies in high-transaction businesses and support from investors like Alibaba. Paytm now has over 150 million users and processes billions of transactions annually, having established itself as India's largest digital payments platform through building out offerings and riding growth in digital payments in India.
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Ppt paytm
Paytm is an Indian e-commerce company that launched in 2010 and focuses on mobile and bill payments. It was founded by Vijay Shekhar Sharma and received funding from Ratan Tata and Alibaba Group. Paytm allows users to create accounts, login securely, and use its digital wallet to make mobile recharges, bill payments, online shopping and more. It now has over 150 million wallets and offers banking services through its payments bank license.
Digital payments
Digital payments in India are being transformed through multiple options like UPI, e-wallets, cards, Aadhaar payments and USSD. UPI allows money transfer between banks using a virtual address, while e-wallets like Paytm allow loading funds and using them for purchases and bills. The government is promoting digital payments through policies while barriers include lack of internet access in rural areas.
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To watch full video click on the link below-
https://youtu.be/RRgkQ7lSdqM
NPCI, an initiative of the Reserve Bank of India (RBI) and Indian Banking Association (IBA) is an umbrella organization for operating retail payments and settlement systems in India.
It functions under provision of Payment and Settlement Systems Act, 2007.
It is a not-for-profit organization set up under the provisions of Section 25 of Companies Act, 1956 (amended as Sec 8 of Companies Act 2013).
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IMPS (Immediate Payment Service) is an instant payment inter-bank electronic funds transfer system in India. Unlike NEFT and RTGS, the service is available 24*7 throughout the year.
NFS (National Financial Switch) is the largest network of shared ATMs in India facilitating convenience banking.
AePS (Aadhaar-enabled Payment Service) is a bank led model that allows financial transaction at PoS of any bank using the Aadhaar authentication through the retail merchant.
CTS (Cheque Truncation System) facilitates uses of digital signature or encryption methods to prevent manipulation of data during transition of cheque clearance.
UPI (Unique Payments Interface) is a system that makes multiple bank accounts to be accessed from a single mobile application using mobile no. or UPI id as unique transaction address.
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Mohammad Wasim Ansari is pursuing a PGDM and his sector is E-Commerce. The document discusses the history and growth of e-commerce in India, highlighting key players like Paytm, Flipkart, Snapdeal and Amazon. It analyzes Paytm through a SWOT analysis, discussing its strengths in brand awareness, scaling after demonetization, and investments. The future of e-commerce in India is predicted to experience exponential growth between now and 2020, especially in rural areas and among women shoppers.
Paytm
- Paytm was launched in 2010 as an online recharge portal and grew quickly after demonetization in 2016 when digital payments surged in popularity.
- It is owned 40% by Chinese company Alibaba but founder Vijay Shekhar Sharma asserts it is "as Indian as Maruti".
- Paytm received criticism over its perceived close ties to Prime Minister Modi but has grown to process over Rs. 24,000 crores in transactions and aims to partner with 5 million merchants.
- A viral message claiming Paytm wallets would be inaccessible after merging with its payments bank launch was a hoax, and customers' money will remain safe.
Paytm AND BUSINESS MODEL OF PAYTM
Paytm is an Indian electronic payment and ecommerce brand founded in 2000 by Vijay Shekhar Sharma. It received funding from Ratan Tata in 2015 and Alibaba in the same year. Paytm has over 22 million visitors per month, 15 million active wallet users, and processes over 8 million transactions per month, with 70% made through mobiles. It offers services including recharge, bill payment, payments solutions, digital gold, Paytm wallet, and plans to launch a bank. Paytm earns money through its ecommerce store, advertising, transactions through its wallet, partnerships and commissions from sellers using its platform.
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1. Payment banks were introduced in India in 2015 to promote financial inclusion and provide basic banking services like savings accounts, payments, remittances to low income and rural customers through mobile and digital platforms instead of branches.
2. They have restrictions like not being able to offer loans or accept fixed deposits but can offer services like money transfers and bill payments. They aim to generate profits from high transaction volumes rather than interest income.
3. Payment banks are expected to expand access to financial services for millions of uninsured customers and support the government's financial inclusion goals, though they face challenges in gaining customer trust and competing with established banks.
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To watch full video click on the link below-
https://youtu.be/RRgkQ7lSdqM
NPCI, an initiative of the Reserve Bank of India (RBI) and Indian Banking Association (IBA) is an umbrella organization for operating retail payments and settlement systems in India.
It functions under provision of Payment and Settlement Systems Act, 2007.
It is a not-for-profit organization set up under the provisions of Section 25 of Companies Act, 1956 (amended as Sec 8 of Companies Act 2013).
Facilitates easy access to online payment services with variety of banking products and services.
Products offered by NPCI
IMPS (Immediate Payment Service) is an instant payment inter-bank electronic funds transfer system in India. Unlike NEFT and RTGS, the service is available 24*7 throughout the year.
NFS (National Financial Switch) is the largest network of shared ATMs in India facilitating convenience banking.
AePS (Aadhaar-enabled Payment Service) is a bank led model that allows financial transaction at PoS of any bank using the Aadhaar authentication through the retail merchant.
CTS (Cheque Truncation System) facilitates uses of digital signature or encryption methods to prevent manipulation of data during transition of cheque clearance.
UPI (Unique Payments Interface) is a system that makes multiple bank accounts to be accessed from a single mobile application using mobile no. or UPI id as unique transaction address.
Thank you for Watching
Subscribe to DevTech Finance
Paytm presentation
Mohammad Wasim Ansari is pursuing a PGDM and his sector is E-Commerce. The document discusses the history and growth of e-commerce in India, highlighting key players like Paytm, Flipkart, Snapdeal and Amazon. It analyzes Paytm through a SWOT analysis, discussing its strengths in brand awareness, scaling after demonetization, and investments. The future of e-commerce in India is predicted to experience exponential growth between now and 2020, especially in rural areas and among women shoppers.
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- Paytm was launched in 2010 as an online recharge portal and grew quickly after demonetization in 2016 when digital payments surged in popularity.
- It is owned 40% by Chinese company Alibaba but founder Vijay Shekhar Sharma asserts it is "as Indian as Maruti".
- Paytm received criticism over its perceived close ties to Prime Minister Modi but has grown to process over Rs. 24,000 crores in transactions and aims to partner with 5 million merchants.
- A viral message claiming Paytm wallets would be inaccessible after merging with its payments bank launch was a hoax, and customers' money will remain safe.
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Paytm is an Indian electronic payment and ecommerce brand founded in 2000 by Vijay Shekhar Sharma. It received funding from Ratan Tata in 2015 and Alibaba in the same year. Paytm has over 22 million visitors per month, 15 million active wallet users, and processes over 8 million transactions per month, with 70% made through mobiles. It offers services including recharge, bill payment, payments solutions, digital gold, Paytm wallet, and plans to launch a bank. Paytm earns money through its ecommerce store, advertising, transactions through its wallet, partnerships and commissions from sellers using its platform.
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This presentation summarizes the history and business model of Paytm, an Indian digital payments company. It discusses how Paytm was launched in 2010 and received major funding from Alibaba in 2015. It then outlines Paytm's three business segments of recharges, e-commerce, and wallets. The presentation also describes how Paytm earns from user's wallet balances and its plans to launch Paytm Bank as a digital payments bank. In conclusion, it notes that Paytm has made payments more convenient and secure in India.
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This document provides information about Paytm, India's largest mobile marketplace and payment platform. It discusses Paytm's history and background, services offered, mission, trust in customers, market situation including competition, marketing campaigns, and SWOT analysis. Paytm has over 200 million registered users and offers a single platform for bill payments, recharges, shopping, and online transactions through its mobile app and wallet.
Payment Banks in India
1. Payment banks were introduced in India in 2015 to promote financial inclusion and provide basic banking services like savings accounts, payments, remittances to low income and rural customers through mobile and digital platforms instead of branches.
2. They have restrictions like not being able to offer loans or accept fixed deposits but can offer services like money transfers and bill payments. They aim to generate profits from high transaction volumes rather than interest income.
3. Payment banks are expected to expand access to financial services for millions of uninsured customers and support the government's financial inclusion goals, though they face challenges in gaining customer trust and competing with established banks.
SBI Introduction
State Bank of India (SBI) is the largest commercial bank in India, with over 200 years of history. SBI has a vast network across India and numerous subsidiaries, offering an array of banking and financial services. As the largest bank in India, SBI plays an important role as a agent of the Reserve Bank of India and in providing critical services to both retail and commercial customers.
Aadhaar Enable Payment System
The AEPS software allow 4 types of transaction for customers like cash deposit, cash withdrawal, balance inquiry, and fund transfer in secure way.
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In this presentation I described about Internet Banking, it's history, working, types, services, advantages, disadvantages etc.
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The document discusses digital payments in India. It provides definitions of different types of digital payment instruments and outlines the history and evolution of digital payments in India from credit cards in 1981 to UPI in 2016. It describes key features of digital payments like convenience and security. Major reasons for increased adoption include demonetization in 2016 and expanding smartphone usage. Key digital payment methods discussed include cards, UPI, NEFT, RTGS, IMPS, internet banking, and mobile banking. The National Payments Corporation of India (NPCI) plays an important role in developing digital payment infrastructure.
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This document provides information about HDFC Bank, one of the major players in the Indian banking sector. It discusses HDFC Bank's history and founding in 1977, its profile including services offered such as loans, credit cards, savings accounts, and insurance. The document also outlines HDFC Bank's network of over 2,000 branches and 6,520 ATMs across India, its board of directors, and performs a basic SWOT analysis.
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The document provides information on various debit cards issued by State Bank of India (SBI). It discusses the features and uses of different SBI debit cards including the Classic, Silver International, Global International, Gold International, Platinum International, SBI INTOUCH Tap & Go, and Mumbai Metro Combo cards. The key details provided include cash withdrawal limits, accepted locations for use, available benefits like insurance and rewards points, and security precautions for safe debit card transactions.
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The document provides information about State Bank of India (SBI), the largest bank in India. It discusses SBI's history and various savings account options offered by SBI, including the types of accounts, interest rates, eligibility requirements, and features of each account. Key features of SBI savings accounts include ATM and debit cards, internet and mobile banking, insurance benefits, and more.
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- It discusses concepts like NEFT, RTGS, IMPS, and digital wallets like Paytm and discusses how to use them for payments and money transfers.
- Several people are listed as presenting the document and providing information on cashless transactions in India through roles like discussing debit and credit cards, Aadhar payments, and digital payment platforms.
Payments Banks Relying On Scale To Attract Customers
The bank will start operations with over 1.5 lakh touch points, an in-inbuilt United Payment Interface (UPI) solution and will look at distributing loans of other financial institutions
“It is clearly a scale game unlike traditional banking. In traditional banking you can put up one branch and still do well. Here, it is scale since technology platform is the same which has to accommodate many transactions. So more the transactions you accommodate, more benefit you can give to the customers,” said Sudhakar Ramasubramanian, chief executive officer (designate), Aditya Birla Idea Payments Bank.
Ppt
Bank computerization in India increased after economic liberalization in 1991. The Reserve Bank of India set up committees in 1984 and 1988 to define banking technology standards and coordinate computerization efforts. The 1984 committee recommended introducing MICR technology and standardized cheque forms. The 1988 committee emphasized computerizing clearing house settlement operations and increasing branch connectivity through computers. Automated teller machines allow customers to perform basic transactions without a bank representative. Customers use an ATM card and PIN for authentication. ATMs make cash available 24/7 and are part of interbank networks. HSBC introduced the first ATM in India in 1987. Electronic clearing service is an electronic funds transfer between bank accounts, used for payments like salaries, dividends, and loan
Consumers Perception Towards Growing Mobile-Wallet
This document provides an overview of mobile wallets in India. It discusses how mobile wallets have transformed payment systems and how their adoption has increased with the growth of smartphones and mobile internet in India. Major players like Paytm, Mobikwik, and Freecharge are discussed. The document also covers RBI regulations for mobile wallets, classifications of wallets, advantages and disadvantages of using mobile wallets, and factors influencing consumer adoption of mobile wallets in India.
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- 3. Payments Bank : Payments Bank is a new model of banks visualized by the Reserve Bank of India. These banks can accept a deposit, which is currently limited to ₹1 lakh per customer and may be increased further. Both current account and savings accounts can be operated by such banks. Payments banks can issue services like ATM cards, debit cards, net-banking and mobile-banking. The minimum capital requirement for the bank is ₹100 crore.
- 4. Paytm is an Indian electronic payment and e-commerce brand. Launched in August 2010 It is a consumer brand of parent company One97 Communications. Paytm became the first Indian company to receive funding from Chinese E-Commerce company Alibaba. Founder and CEO : Vijay Shekhar Sharma Services: Online Shopping Payments banking Ticket Booking
- 5. Paytm received a license from Reserve Bank of India to start one of India's payments banks, called "Paytm Payments Bank Limited". Paytm Payments Bank launched operations on May 23, 2017 Paytm Payments Bank will be regulated by RBI under all guidelines applicable to a Payments Bank. Chairman : Vijay Shekhar Sharma CEO : Renu Satti
- 6. Products of Paytm Payments bank: Savings Account Payments Digital debit card
- 7. Payments Bank offers a Savings Account with no account opening charges. Account holder can Keep upto Rs. 1 lakh of deposits. Zero balance. No charges for online transactions Real time updated pass book can be seen in Paytm app. Account number will be the mobile number of the customer. 4% interest for the account. SAVINGS ACCOUNT
- 8. Every Paytm Payments Bank account holder will be issued a free digital card at the time of account opening. It is a platinum Rupay Debit card. This Virtual Debit card across most online websites and apps in India. DIGITAL DEBIT CARD
- 10. Account holders can Transfer funds and make payments to any bank across India by three ways, NEFT (National Electronic Funds Transfer) IMPS (Immediate Payment Service) UPI (Unified payment interface) All these transactions can be done in free of cost. PAYMENTS
- 11. Paytm payments bank cannot provide some services like, Loans Credit cards Mutual funds What they can’t do…
- 12. COMPETITORS..
- 13. Zero minimum balance requirement. Zero online transaction charges. Access to the Debit cards. Why Paytm why not other…..
- 14. Paytm wallet reached 200 million users. All those wallet users will move to payments bank. Opportunities for paytm payments bank…..