The company, which competes with players like Paytm, Flipkart’s PhonePe and Google Pay, saw its parent pumping in over Rs 2,700 crore investment in the financial year 2020.
“Our mission is to empower half a billion Indians with digital financial services and pursue the vast opportunity presented by the digital financial revolution in our country.
Paytm Money has enabled investors to instantly apply for all the latest IPOs via UPI ID, linked to their bank accounts to quickly complete the application process.
The company said it will continue to offer collateral-free loans under the 'Merchant Lending Program' to Paytm for Business app users.
Earlier this month, Walmart-backed Phone Be claimed it commands 40 per cent of the UPI market share with 250 million registered users.
The announcement comes barely a fortnight after Paytm said it will partner with various card issuers to introduce co-branded credit cards and was aiming to issue 20 lakh cards in the next 12-18 months
The panel members told Paytm representatives that the server on which customer data is stored should be based in India
An exchange-traded fund (ETF) is a collection of securities people can buy or sell through a brokerage firm on a stock exchange.
While saying that the whole thing amounts to breach of privilege, panel chairman Meenakshi Lekhi informed the reporters that the panel is unanimous on action by government.
India still remains a strong debit-card tilted market, with credit card penetration standing at just three per cent compared to 320 per cent in markets such as the US.
The feature can be accessed from Paytm merchant dashboard or Paytm for business app.
Flipkart will host its annual 'The Big Billion Days' sale from October 16-21, while Myntra will hold its 'Big Fashion Festival' between October 16-22.
The development comes just weeks after Paytm's app was blocked from Google Play Store for a few hours for violating the latter's policy on sports betting activities.
The company's total revenue for the reported financial year declined about 27 per cent to Rs 703 crore as compared to Rs 968 crore in 2018-19.
The reaction comes after Paytm was de-listed from Google Play Support citing policy violations as result of a cashback campaign.