Setu’s Post

Lot of misinformation about Paytm development All mainly talk about two things. Let's address that quickly. 1 Are my mutual fund investments via Paytm at risk? Will my SIPs be affected? No. All that's via a separate company called Paytm Money, which is regulated by SEBI and not RBI. 2 Will my UPI via Paytm stop? No. That's a big miscommunication by the media, to be frank. > The likes of Paytm, PhonePe, GPay or CREDPay etc run UPI, via backend partnerships with certain banks > For PhonePe, its a mix of YES BANK and ICICI Bank. For GPay it's Axis Bank. And for Paytm, it's the sister company Paytm Payments Bank > And, it's the payments bank which has been barred. from doing UPIP transactions, not Paytm Means what? If Paytm switches its backend banking partner, the UPI payments via the app would go on smoothly. And if you would recall, when Yes Bank collapsed, PhonePe onboarded ICICI Bank in less than 18 hours or SO. So, Paytm can do that too. No big deal. Hope that clarifies all the concerns.

For the initial phase, this feature will be accessible to users of popular platforms like Paytm, BHIM, and PhonePe. Additionally, it's available for those using apps from leading banks such as Axis Bank, DBS Bank India, ICICI Bank, Indian Bank, Indian Overseas Bank, and State Bank of India. 💡 What does this mean for you? --Streamlined cross-border transactions. --Enhanced accessibility through major payment platforms. --Convenience and efficiency in digital payments. Congrats to the teams at UPI and PayNow for making this happen! 🌐💳 Let's embrace the future of digital payments together! 💼 #DigitalPayments #FintechInnovation #Collaboration #FutureOfFinance 🔗

*Lot of misinformation about Paytm development* All mainly talk about two things. Let's address that quickly. 1 Are my mutual fund investments via Paytm at risk? Will my SIPs be affected? No. All that's via a separate company called Paytm Money, which is regulated by SEBI and not RBI. 2 Will my UPI via Paytm stop? No. That's a big miscommunication by the media, to be frank. > The likes of Paytm, PhonePe, GPay or CREDPay etc run UPI, via backend partnerships with certain banks > For PhonePe, its a mix of YES BANK and ICICI Bank. For GPay it's Axis Bank. And for Paytm, it's the sister company Paytm Payments Bank > And, it's the payments bank which has been barred. from doing UPIP transactions, not Paytm Means what? If Paytm switches its backend banking partner, the UPI payments via the app would go on smoothly. And if you would recall, when Yes Bank collapsed, PhonePe onboarded ICICI Bank in less than 18 hours or SO. So, Paytm can do that too. No big deal. Hope that clarifies all the concerns.

I will soon enough imagine and believe that the likes of CRED, Paytm, Upstox, Jupiter, Open Financial Technologies, Fi and more will soon wish to go overseas and capture a higher per-capita income customer base, given that urban India now uses these applications at max, or atleast will over the next 6-12 months. PhonePe expanding vigorously for payments is a testament & Groww starting with their NRI investing. Wherever UPI is present, and as the National Payments Corporation Of India (NPCI) expands, we may find the payments and other fintech operations in those countries. With this, other options also expand: 1. NRI banking 2. NRI Wealth management 3. Cross geography net-worth Would love to chat more if you are building around these spaces, and are from the companies looking to build for NRIs and other nationalities and citizens' financial desires.

🚀 Paytm's Rollercoaster Ride 🚀 Post-IPO glory to a 65% plunge, Paytm faces challenges. RBI curbs, alleged data leaks, and regulatory breaches paint a rocky picture. Contemplating a bank upgrade, recent setbacks may hinder plans. Despite a massive user base, a 70% share drop raises doubts. Losses persist, with CEO's arrest adding to uncertainties. In a dynamic fintech landscape, Paytm navigates complexities and questions about its future. 📉🔍 #Paytm #Fintech #Challenges #BusinessJourney #yogeshrv #opportunity #connectionsthatmatter #people #networkingjourney

*Lot of misinformation about Paytm development* All mainly talk about two things. Let's address that quickly. 1 Are my mutual fund investments via Paytm at risk? Will my SIPs be affected? No. All that's via a separate company called Paytm Money, which is regulated by SEBI and not RBI. 2 Will my UPI via Paytm stop? No. That's a big miscommunication by the media, to be frank. > The likes of Paytm, PhonePe, GPay or CREDPay etc run UPI, via backend partnerships with certain banks > For PhonePe, its a mix of YES BANK and ICICI Bank. For GPay it's Axis Bank. And for Paytm, it's the sister company Paytm Payments Bank > And, it's the payments bank which has been barred. from doing UPIP transactions, not Paytm Means what? If Paytm switches its backend banking partner, the UPI payments via the app would go on smoothly. And if you would recall, when Yes Bank collapsed, PhonePe onboarded ICICI Bank in less than 18 hours or SO. So, Paytm can do that too. No big deal. Hope that clarifies all the concerns. For information only

The ones who are trustworthy, don’t try too hard to sound trustworthy. A quick check for who’s a friend and who may be a fraud 👇🏼 We have joined hands with the Fintech Convergence Council and Payments Council of India to work towards financial inclusion and literacy in India. Paytm Meta PhonePe CRED National Payments Corporation Of India (NPCI) #digitalbanking #fraudprevention #safebanking

🚀 Exploring Paytm's Journey: Aftermath and Potential Silver Lining! 🌐✨ Read the full article here: https://lnkd.in/giZjiayj Dive into the twists and turns of Paytm's recent story - and what lies ahead. 📉 #PaytmJourney #DigitalPayments #FinanceUpdate #TechInnovation #UserPerspectives #ReadNow #StayInformed #JoinTheConversation #PaytmChanges #FinanceInsights

Cred's UPI transactions in April 2023: 46 Million Cred's UPI transactions in April 2024: 138 Million Amidst the bustling Indian UPI landscape, there's a quiet revolution brewing, and CRED is carving its path with precision and promise. The UPI transactions in India have grown at a whooping 48% in the past 12 months (13.1 Billion in April 2024 vs 8.8 Billion in April 2023). While PhonePe and Google Pay have increased their market shares by 2pp & 3pp in the last 12 months, Cred has more than doubled its share to 1.06% from 0.52%. Focus on user-centric approach, rewards, seamless UI/UX coupled with Paytm's downturn have all played to Cred's advantage. While it might be too early to make any bold claims, it seems CRED is definitely on the right track. Exciting times ahead! How do you see the Indian UPI landscape changing? Would love to hear your thoughts in the comments below 💬 #upi #cred #phonepe #googlepay #india

Though there has been a lot of negative news but then this is the company that started the Digital Payments revolution in India. With its innovative business model, Paytm has revolutionized the digital payments landscape in India. From being a recharge platform to becoming a marketplace and a virtual bank (that came to a halt now), Paytm’s journey is a testament to innovation and customer-centricity. Take a look into Paytm’s unique business model and its impact on the fintech industry. #Paytm #BusinessModel #Fintech #DigitalPayments #Innovation #CustomerCentricity #LinkedIn Paytm Paytm Money #linkedingrowth #linkedinforcreators #linkedindaily