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Paytm has introduced payments using BHIM UPI on its platform and the feature will also be offered to its merchant partners.  PAYTM has introduced payments using BHIM UPI on its platform. The Paytm app will now let users create their own BHIM UPI ID and this will be issued by Paytm Payments Bank. Paytm users can link any savings bank account with this BHIM UPI ID to start transactions, which will be accepted by banks and other BHIM UPI apps. The bank account linking feature is currently available only on  Android . Users can create their UPI ID from the BHIM UPI section on Paytm’s home screen. These IDs will include the user’s registered number. As an example, if the mobile number registered is 9123456789, the UPI ID for that account would be 9123456789@paytm. Paytm’s BHIM UPI feature enables users to receive or send money, without sharing their bank account details and IFSC code with anyone to receive or send money. This feature shall also be expanded to Paytm’s 5...

Are you an SBI customer? These cheque books will become invalid from December 31 The SBI has asked the account holders to apply for new cheque books before December 31 to avoid any inconvenience. The customers can apply for the new cheque book by using internet banking, mobile banking or by visiting their home branch. If you are an account holder of  SBI 's erstwhile six associate banks including Bharatiya Mahila Bank, your cheque books will become invalid from December 31. Earlier, the deadline was September 30, however, the  State Bank of India  later extended the date to the end of this months. In October, the state-run bank in a tweet said: "The validity of cheques of former associate banks has been extended till 31st December, 2017. Apply now for a new SBI cheque book." The bank further asked the account holders to apply for new cheque books before the deadline to avoid any inconvenience. The customers can also apply for the new cheque book by usin...

New Delhi [India], Dec 27 (ANI): India's largest mobile-first financial services platform, Paytm on Wednesday announced that its app has crossed the 100 million milestone on Google Play Store in the second week of December 2017. This makes Paytm the country's first payments app to cross the 100 million downloads mark. "We are overwhelmed with the 100 million downloads mark, reaching this milestone is a testimony to the efforts of the incredible team at Paytm," said senior vice president Paytm, Deepak Abbot. "This achievement will offer us a strong boost as we work towards our goal of making India a digital-first economy," he added. Paytm is charting the next chapter of its growth from being a pioneer in mobile payments to becoming a mobile-first financial services company, which offers banking, lending, insurance, and payments. The platform allows users to do online recharges and bill payments, book movie tickets, do travel bookings among other...

We are aware about the recent Airtel India Payment bank and Aadhar Card fiasco where Airtel was opening Airtel Payment banks for customers without taking consents from the customers using e-KYC of the Aadhaar Verification. Many benefits were routed to this Airtel Payment bank accounts and it was reported that around INR 47 Cr for 23 lakhs customers got deposited in these accounts without the consent or knowledge of the customers. It is only after conformity was violated by the leading Telecom provider of the country that Unique Identification Authority of India also known as UIDAI has taken stringent measures to tighten the screws for Aadhar Card-Bank account linking. It has been categorically stated that explicit informed consent of the customers in mandatory according to the latest rules. The National Payment Corporation of India aka NPCI has rights to disable the override feature that according to the UIDAI is being misused by various banks while linking the bank accounts wi...

CHANDIGARH: Indian IT companies up North are looking up to  Switzerland  for the technical know-how in  Robotics . Economists suggest that the world's fourth socio-economic revolution might stem from this development as Switzerland has emerged as a serious competitor to  California , given the availability of technology, people and funding in Switzerland which are fuelling the robotics sector. "Robotics are set to bring another disruption in the emerging markets. General perception was that they would be here to steal jobs. That myth stands blasted. There would be new professions few years down the line and the current ones would fade away. Emerging economies like India can augment their growth story with robotics. We have had few meetings with Swiss companies and are hopeful to get into some arrangement in tech exchange," says Chandigarh-based Vindstorm Technologies Vice President Deepak Mishra. Switzerland has been ranked for the past seven years as the world's m...

NEW DELHI: Over three-fourths of organisations polled recognize  cybersecurity  as one of the top five business risks, but despite that most have cybersecurity budgets of less than 10 per cent of total planned expenses, a  KPMG  survey stated today. "79 per cent organisations identified cybersecurity as one of the top five business risks," said KPMG in India's  Cybercrime Survey Report 2017 . According to the report, close to 81 per cent of the organisations have cybersecurity budgets of less than 10 per cent of total planned budgets even though they recognised it as a key business risk. Of the organisations surveyed, 69 per cent were of the view that  ransomware  is a "significant risk" to them and 43 per cent respondents indicated that they have experienced ransomware attacks in the past year. "The survey report reveals several concerns pertaining to the changing regulatory landscape as almost two-thirds of the law agencies feel that there a...

From January 1, telecom operators will roll out the much-delayed voice-guided system that will help subscribers complete the process of linking Aadhaar to mobile number through a one-time password (OTP). Procrastinators around the country can't stop gloating. First came the news that the government has extended the deadline for mandatorily linking  Aadhaar  to various essential services like  PAN  and  bank accounts  till March 31. And now, reportedly, telecom providers are finally ready to allow mobile subscribers to link their numbers with Aadhaar from the comfort of their homes. From January 1, telecom operators will roll out the much-delayed voice-guided system that will help subscribers complete the process through a one-time password (OTP). So one no longer needs to visit the customer centres of mobile companies and deal with biometric machines that aren't functioning properly to comply with the government's wishes. For the record, this facility...

All employees need to have only one UAN throughout their working life irrespective of the number of companies they change. Do you know the total accumulated balance in your employees provident fund (EPF)? In case you want to know the balance and are unable to do so, it is an easy process if you have been allotted an Universal Account Number (UAN) by the EPFO. In case you do not have your 12-digit UAN, you can get it activated through your employer to know the summary of PF deducted through EPFO portal. All employees need to have only one UAN during their entire working life irrespective of the number of companies they change. It is a universal account number (UAN) which enables in linking of multiple EPF accounts of a member. To check your EPFO account and access your provident fund passbook online, you need to follow these simple steps: Login to Your Account Employees need to login the member portal by visiting the EPFO website (unifiedportalmem.epfindia.gov.in/memberint...