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Business Economy


Paytm introduces contactless ticketing for state-run buses for safe city commuting

Kolkata, Jun 16 (UNI) India's leading financial services platform Paytm today announced that it has launched a contactless ticket buying facility for state-run local transport buses and promote safe intracity travel.
The company is enabling it's innovative QR based payments service on the buses combining it with the Paytm Soundbox for buying tickets.
Paytm is in talks with 20 state transport departments and is joining in their efforts to ensure that citizens are able to travel safely within cities following all social distancing norms.
The company aims to enable contactless ticket-buying facility in over 20,000 state-run busses in the first phase of going live with this service.
Paytm has already started running pilots with some of the states including Tamil Nadu which has launched this service in Chennai in association with the Metropolitan Transport Corporation.
The company said it has put its QR at various convenient locations on the buses which passengers can easily scan and make payments for tickets.
The driver will have Paytm Soundbox installed on the dashboard which will inform the conductor every time someone pays for a ticket.
The QR code powered by Paytm accepts all types of digital payment apps - wallet, cards, UPI.
Abhay Sharma, Sr vice-president - Paytm - said, "The core idea behind contactless payments is to promote social distancing and save lives. With the government gradually unlocking the country and encouraging people to safely commute within the city, we believe our solution will immensely help to ensure the safety of citizens. We urge state transport departments to take a step in this direction and promote contactless payments for travel ticketing."
UNI SJC AND
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Lexus Design Award India 2021: Nurturing the next generation of designers in India

28 Jan 2021 | 6:32 PM

NEW DELHI, MUMBAI and BANGALORE, India, Jan 28, 2021 /PRNewswire/ - Lexus India today announced the winners of the 4th edition of India's prestigious design awards - Lexus Design Award India (LDAI), selected from among over a thousand high quality entries basis Lexus' three key design principles: Anticipate, Innovate and Captivate in the quest to craft a better tomorrow.

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Yet another spectacular performance from Cosmo Films Limited with 74 per cent rise in PAT

28 Jan 2021 | 6:32 PM

NEW DELHI, Jan 28, 2021 /PRNewswire/ - Cosmo Films Limited, a global leader in films for packaging, labeling, lamination and synthetic paper today declared its financial results for the quarter ended December 2020.

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World First: The Sporty, Smart, Stunning Renault KIGER Makes its Debut in India

28 Jan 2021 | 6:32 PM

NEW DELHI, Jan 28, 2021 /PRNewswire/ -
After the initial exhilaration created by the reveal of its show car, Groupe Renault globally premiered the eagerly awaited Renault KIGER in India today.

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SVP Global to raise Rs 235 Cr via Equity Warrants, convertible at 37 per cent premium to market price

28 Jan 2021 | 6:32 PM

MUMBAI, India, Jan 28, 2021 /PRNewswire/ - Pursuant to applicable provisions and regulations, SVP Global Ventures Ltd, one of the largest compact cotton yarn manufacturers in the world has announced it's intention to issue upto 2,23,80,952 Convertible Equity Warrants to it's parent company, Shri Vallabh Pittie Ventures Private Pvt. Ltd.

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Micromax announces #INdiakeRealHeroes campaign to celebrate the unsung heroes on the 72nd Republic Day

28 Jan 2021 | 6:32 PM

NEW DELHI, Jan 28, 2021 /PRNewswire/ -

Micromax Informatics Ltd., India's very own smartphone and consumer electronics brand, announced a social campaign titled #INdiakeRealHeroes via Rahul Sharma's post on twitter http:it.ly/INdiaKeRealHeroes.

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