Best Alternative Options To Use Instead of Paytym Payment Bank
Why Paytm Alternatives Are in Demand? – RBI directive: Stop accepting deposits/top-ups after February 29 (2024) – Impacted entity: Paytm Payments Bank Ltd (PPBL) – Fears sparked: Impact on Paytm QR codes (unclear from passage if affected) – Local grocery stores switching:From Paytm to other providers (Mobikwik, Bharatpe, Phonepe, GooglePay): 42%lanning to switch: 20%
Best Alternatives to Paytm Payment Bank Mobikwik – Services offered: digital payments, bill payments, recharges, money transfers – Linked accounts: bank accounts, debit/credit cards, UPI accounts – User interface: user-friendly – Acceptance: wide acceptance across merchants
Airtel Payments Bank – Services offered: savings accounts, money transfers, bill payments – Network: widespread network – Integration: seamless integration with Airtel’s telecom services
PhonePe – Services offered: savings accounts, instant money transfers, bill payments, UPI transactions – User interface: user-friendly – Security measures: robust security measures
Google Pay – Services offered: money transfers, bill payments, online purchases – Linked accounts: bank accounts – Integration: seamless integration with Google services – User interface: intuitive interface
Amazon Pay – Services offered: online purchases, bill payments, recharges – Payment method: funds added to Amazon Pay wallet – Additional benefits: – Cashback rewards – Discounts (especially for frequent Amazon shoppers)
BharatPe – Target audience: Merchants and small businesses – Services offered: – Digital payment solutions (focus)QR code-based payments – Instant settlements – Business loans – Business management tools