One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR code, soundbox and mobile payments, has deployed nearly 10,000 payment devices such as Soundbox, QR codes and Card Machines for the Gram Panchayats of several states in India. This significant undertaking will revolutionise Gram Panchayats by enabling mobile payments.
The company has already received a mandate to implement QR/Card Machines and Soundbox for 7000+ Gram Panchayats in Andhra Pradesh, in collaboration with major banks such as HDFC Bank, SBI, IDFC First Bank, and many regional banks. A direct mandate has also been received from Uttar Pradesh and Goa’s state department for the deployment of Card Machines and Soundbox.
Additionally, Paytm has already digitalised more than 1200 Gram Panchayats through its QR code and Soundbox solutions in Gujarat, Andaman & Nicobar Islands, Maharashtra, and Assam. The company has widened its reach in many states with the help of multiple partnerships with State Government Department or Gram Panchayats or with banks and has been able to place its offline solutions like Card Machine, QR or a Soundbox.
Abhay Sharma, Chief Business Officer, Payments, Paytm said, “We are committed to drive access to mobile payments to every part of India. With the deployment of our iconic payment devices like Soundbox, Card Machine and QR, we are redefining the digital landscape of Gram Panchayats and rural India. This will simplify fee collection processes for services like property tax, water bills, and electricity bills and more.”
