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The addition takes the existing ESOP pool to 2.4 million equity options. Paytm, valued at over $16 billion, plans to award the expanded stock options to more employees during its annual performance appraisal. To attract and retain talented professionals, Paytm last year amended certain aspects of its ESOP policy, introducing performance-based ESOPs. These are given at the time of hiring or during the appraisal cycle and all key roles across different levels are eligible for it. It has linked ESOPs to individual goals that are reviewed and approved by the business heads with the flexibility to accommodate multiple scenarios and also meet employees aspirations, the firm said in a statement. ....
Digital financial services firm Paytm said Thursday it achieved over 1.4 billion transactions in March, led by growth in offline payments and financial services. The firm said it continues to register, on average, 15 per cent month-on-month growth. In February, Paytm had touched the 1.2 billion transactions mark, making this a nearly 17 per cent increase from the previous month. Paytm is the only company that provides the widest range of options to both merchants and customers which has helped us to achieve over 1.4 billion monthly transactions. Consumers can pay from Paytm wallet, UPI, Paytm postpaid, credit or debit cards, and bank accounts. Similarly, merchants can accept payments into their wallet or in any bank account. Paytm has the widest network of merchants in the country with over 20 million merchants partners. We want to serve all spectrum of merchants, from street vendors to large retailers as we continue our efforts to enable them with IoT-based digital pa ....
Advertisement Paytm today introduced its latest Internet of Things (IoT) based payment devices, Soundbox 2.0 and Paytm Smart POS for Android phones. The company has expanded into IoT payment devices with Paytm All-in-One Android EDC devices, All-in-One Android Pocket POS, Soundbox among others. The company is on a mission to bring 5 crore merchants into the mainstream economy and equip businesses with 50 lakh IoT devices over the next few years. Paytm Soundbox has played a pivotal role in establishing digital transactions as a safe & secure mode of payments, enhancing the trust of businesses and consumers to move digitally. With this IoT-based device, merchants do not need to keep checking their mobile phones for confirmation helping in increasing efficiency and reducing queues & customer waiting time on the shop floor. Instant voice-based confirmations of payments help merchants keep track of all transactions protecting them from getting duped by customers showing fake sc ....
Highlights Paytm had recently announced that it has achieved over 1.2 billion monthly transactions led by the massive growth in offline payments and financial services. The company has already facilitated payments acceptance via wallets, UPI, cards and net-banking for over 2 crore merchants, thereby helping them grow their business exponentially, he added. Merchants can also use the device to fetch the payment summary for the entire day, and also notifies when it is running out of charge. Digital payments major Paytm on Tuesday launched a new version of its Soundbox along with other solutions that ease acceptance of payments as part of its efforts to equip 50 lakh merchants with IoT (Internet of Things) enabled devices. ....
Financial services platform Paytm on Tuesday launched two new Internet of Things (IoT)-based payment devices, helping businesses to accept card payments on Android phones. The Paytm Smart PoS application allows smartphones to accept debit and credit card payments like an electronic data capture machine does. Supported by the Paytm for Business app, the Smart PoS will enable merchants to start accepting contactless card payments. The payment will be enabled through the near field communication (NFC). Paytm has partnered with financial services institutions, including Visa and MasterCard, for facilitating card payments for Smart PoS. Merchants need to sign up on the Paytm for Business App, after which they will be required to download the ‘Paytm Smart PoS’ on their Android-based mobile phones. Once downloaded, merchants can start collecting payments from their customers by tapping the card on the back of their smartphones. The payment is then successfully collect ....