Wed, Feb 22, 2017 | updated 02:22 PM IST

Citibank enables instant add-money to Paytm for its internet banking users

Updated: Nov 25, 2016 14:38 IST

New Delhi [India], Nov 25 (ANI): The Indian banking landscape has transformed rapidly in the last few years, driven by a combination of factors consumer's digital adoption, a progressive regulatory environment and visionary Government policies.

In its 2018 vision document, the RBI has emphasized that digitization of payments and moving to a less-cash society are its key priorities.

Citibank has been at the forefront of digital transformation in the country, having pioneered and introduced several innovations in the past few years.

Digitization has been a key strategic priority for Citibank, with over 95 percent its customer transactions being completed digitally.

Further, over 85 percent of credit card payments at Citi are done online, which is one of the highest in the industry. Over one third of Citi's customers are acquired online and this percentage has increased exponentially during the past few years.

Today Citibank, in partnership with Paytm introduces 'Wallet Add-Money' a simple and seamless mode for customers to load their wallets via Citibank's online and mobile banking platforms. Through this unique, market-first initiative, Citibank customers can securely add-money to their Paytm account in three simple steps, without the risk of exposing their confidential card credentials.

By introducing this simple and secure digital payment solution to its customers, Citibank has taken a significant step in accelerating digital adoption in the country and is re-affirming its support to the Government's vision of a less-cash society.

"Till date banks have treated Wallet service providers as competitors. We firmly believe that banks and service providers can collaborate to create unique digital solutions for customers. Our partnership with Paytm is a testimony to the customer-centric approach that leverages both our strengths. This is the first in the long list of exciting digital collaborations from us," said Country Business Manager Citibank India, Kartik Kaushik.

"This is a historic step where Paytm and Cititbank are joining hands to make add-money to Paytm wallet, a seamless process. Our users can add money to their wallet with a single click when they use Citibank's internet banking. We firmly believe such collaborations will give further impetus to mobile payments in our country," said senior vice president, Kiran Vasireddy. (ANI)

New Delhi [India], Feb 22 (ANI): India's debt capital markets have grown significantly during the last few years as reflected in the increase in total debt outstanding (sovereign + private sector) to Rs. 106.88 lakh crore as on December 31, 2016 from Rs 45.31 lakh crore as on March 31, 2011 (CAGR of 15 percent during the period).

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New Delhi [India], Feb 22 (ANI): India's pioneering online automobile transactional marketplace Droom has given a boost to its allied services segment by signing up with some of the biggest service providers in the Road Side Assistance category, including Allianz Worldwide Partners. The move is expected to garner more traction and better customer experience for the online marketplace in this category.

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New Delhi [India], Feb 22 (ANI): Home Credit, one of India's fastest growing NBFCs completes a successful five years in India, emerging as a leading player in consumer durable loans with ticket size up to Rs. 10,000 with 87.2 percent market share PAN India for July- Sept 2016, according to CRIF.

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New Delhi [India], Feb. 22 (ANI-BusinessWire India): Snapdeal, India's largest online marketplace, shared annual sales trends for its general merchandise category, for the period January 2016-2017, on Wednesday.

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New Delhi [India], Feb 22 (ANI): ICRA expects gross bond issuance vide Government of India securities (G-sec), State Development Loans (SDL), UDAY bonds and municipal debt to remain stagnant at Rs. 10.7 trillion in FY2018.

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New Delhi [India], Feb. 22 (ANI): Shemaroo Entertainment Ltd, one of the leading content houses in the country, finalised a content licensing deal with Vuclip's premium Over-The-Top (OTT) video-on-demand service, Viu.

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New Delhi [India], Feb 22 (ANI-BusinessWireIndia): Three winners of HCL Grant 2017 across categories of Environment, Health and Education were today announced at a ceremony held at HCL Technologies Hub, Noida. Arun Jaitley, Union Minister of Finance and Corporate Affairs, presided over the ceremony as the Chief Guest and felicitated the winners. Each winning NGO receives a Grant of up to Rs. five crores.

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New Delhi [India], Feb 22 (ANI): OnePlus, a global mobile technology startup, last night hosted the first edition of OnePlus Talks - a platform for sharing knowledge with the ever growing OnePlus community through sessions with experts across industries.

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New Delhi [India], Feb 22 (ANI-NewsVoir): 'Guru Harkrishan Public School (GHPS) Staff Welfare Association' today decided to intensify their efforts for implementation of 6th Pay Commission of the Guru Harkrishan Public School staff by the Delhi Sikh Gurudwara Management Committee (DSGMC).

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New Delhi [India], Feb. 22 (ANI): GoDaddy, the world's largest cloud platform dedicated to small, independent ventures, today announced that its suite of online tools designed to create and manage a digital presence, is enabling Impace Systems, a software design firm providing out-of-box software solutions, reach more customers in India and globally.

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New Delhi [India], Feb. 22 (ANI): Wishfin, India's neutral financial marketplace run by Mywish Marketplaces Private Limited (MMPL) announced an industry-first specialised service, titled 'Wish Experts'.

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New Delhi [India], Feb 22 (ANI): Microsoft CEO Satya Nadella on Wednesday announced the integration of Skype and Aadhaar to launch the 'Skype Lite' for low speed mobile internet connections, which will be supported by Aadhaar and will enable technology that can empower people and organisations.

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New Delhi [India], Feb. 22 (ANI): After reports surfaced of new Rs. 1000 and higher denomination notes coming into circulation, Secretary Economic Affairs Shaktikanta Das has refuted the notion.

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New Delhi, [India], Feb. 22 (ANI-BusinessWire India): In order to enable easy access of all latest technology-related updates, CRB Tech solutions Pvt Ltd. launched an online magazine, 'TechTrail-on the trail of technology'.

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New Delhi, [India], Feb. 22 (ANI): A report on the vibrancy of the startup ecosystem in the UK and its lessons for India's developing startup scene was launched on Tuesday.

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New Delhi, [India], Feb. 22 (ANI-NewsVoir): Genesis Foundation in association with Fitbit and powered by Monster.com announced the sixth edition of its annual flagship musical event, Kasauli Rhythm and Blues Festival.

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New Delhi, [India], Feb. 22 (ANI-BusinessWire India): Tammy Trade, India's fastest growing B2B e-marketplace, is off to a flying start since its launch in October 2016. In the agro-commodities space, Tammy Trade has already facilitated bulk orders for paddy, wheat, rice, soya and maize to name a few, with sales volumes ranging from 200 to 2600 tons.

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Kutchina associates with Freedomscape

Updated: Feb 22, 2017 08:16 IST

New Delhi, [India], Feb. 22 (ANI-NewsVoir): Kutchina, one of the leading manufacturers and retailers of kitchen appliances and modular kitchen in the country, associated itself with Freedomscape, presented by Indian Museum, a cultural program which witnessed participation of differently abled children, in Kolkata.

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New Delhi, [India], Feb. 22 (ANI): Verizon Enterprise Solutions has partnered with Ericsson to provide enabling technologies for Verizon Virtualised Managed Network Services offerings that will be rolled out globally.

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HTC launches U Series of smartphones

Updated: Feb 22, 2017 07:48 IST

New Delhi, [India], Feb. 22 (ANI-NewsVoir): HTC Corporation, a leading innovator in mobile and virtual reality technology, unveiled the HTC U Ultra and the HTC U Play smartphones in the Indian market, on Tuesday.

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