Paytm launches G20-theme QR Code to celebrates India's presidency

One97 Communications Limited that owns leading payments and financial services company Paytm, on Friday launched a special G20-theme, QR Code to celebrate India's presidency.

India's G20 Presidency logo
India's G20 Presidency logo
IANS New Delhi
2 min read Last Updated : Feb 10 2023 | 11:16 AM IST

One97 Communications Limited that owns leading payments and financial services company Paytm, on Friday launched a special G20-theme, QR Code to celebrate India's presidency of the inter-governmental forum and the country's leadership in mobile payments.

The QR code was launched by Ashwini Vaishnaw, Union Minister for Railways and IT, during the 'Digital Payments Utsav' at the India Habitat Centre here.

Paytm has played an important role in the mobile payments revolution in India, as the pioneer of QR code payments.

The special commemorative QR Code features logos of MeitY's 'DigiDhan Mission', along with those of the G20 2023 and 75th year of India's independence.

"India is at the forefront of the mobile payments revolution, and as pioneers of QR code, Paytm is taking UPI to every nook and corner of the country. Financial inclusion is at the heart of G20 that resonates with our mission to bring half a billion Indians into the mainstream economy with our innovative payments solution," said Vijay Shekhar Sharma, Founder and CEO, Paytm.

"Paytm's G20-theme QR Code is dedicated to India's presidency of the premium forum for international economic cooperation, which is a landmark moment for the country," Sharma added.

Under the 'Digital Payments Utsav', Paytm is organising a special drive wherein a branded vehicle will cover various localities across Delhi that have a heavy public presence.

Educational videos on digital payments will be played with the aim to increase awareness and usage of digital payments by the public, said the company.

The company's associate Paytm Payments Bank won MeitY's top award for maintaining one of the lowest average Technical Decline (TD) in BHIM UPI transactions.

Paytm Founder Sharma is also the Chair of the Finance Task Force under 'Startup20'.

The taskforce will provide a framework on best practices for global investors to fund Startups across G20 member nations and help in constructing model frameworks that could be implemented in emerging ecosystems for building investment capabilities.

Paytm dominates offline payments with 6.1 million devices deployed. Paytm Payments Bank remained the largest UPI beneficiary bank for 20 months in a row with over 1,765.87 million transactions in January 2023, ahead of all other banks in the country.

With 389.61 million registered transactions, the bank is one of the top 10 remitter banks for UPI transactions, according to NPCI's latest report.

--IANS

na/ksk/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :G20 G20 summitPaytm

First Published: Feb 10 2023 | 11:16 AM IST

Next Story