The company also introduced a new feature 'Nearby' which lets one discover merchants nearby accepting paytm as payment option.
Paytm, in popular imagination the biggest beneficiary of demonetization of Rs 500 and Rs 1000 notes, today announced that it has witnessed a record number of wallet transactions last weekend. To be precise, since November 9, the traffic on the biggest e-wallet service increased by 700% and the value of money added to Paytm grew by 1000%. Further, the average transaction value increased four folds and the number of mobile app downloads increased by 300%. as always with ecommerce firms, the company has not provided enough data on the base numbers on which this growth happened.
In other news, last week Paytm announced a new feature named 'Nearby' on Friday which scan and lets you find all the merchants accepting Paytm as payment option around you. With this new feature, one can opt for the listed merchants who will accept payments through the app.
The company claims that 'Nearby' comes with over 8 lakh Paytm's offline merchants and partners. However, in the first phase about 2 lakh merchants have only been included. As of now, people can on browse through the list of displayed merchants or shops offering this service.
"Paytm has touched a record five million transactions a day (on Friday and Saturday, each) and is on the way to process over Rs 24,000 crore (by March 2017), more than any other payment network in the country" - read the company statement.
Paytm has been a cheerleader for the demonetizing move ever since Mr Modi announced it on November 8. The company even thanked the PMO through full page advertisements, further riling opposition leaders like Mr Arvind Kejriwal into allegations of collusion between the company and the government.
The company claims that the AGON X Series is strictly for gamers.
Users can now access the app in Hindi, Tamil, Telegu, Kannada, Malayalam, Marathi, Bengali, Punjabi, and Bhojpuri.
The South Korean handset manufacturer recently launched LG V20 in India at Rs 54,999.
Bluetooth 50 will be a good range and may cover an entire building.
Similar to Ola app, Tranman app will have options to book Micro, Mini, Prime and Lux cabs.
First personal computers running Windows 10 based on Snapdragon processors will be available as early as next year
According to previous rumours, Apple was tipped to introduce iPhone 8 next year given the iPhone series will complete 10 years next year.
The smartphone has 4GB RAM and runs on Android Marshmallow OS.
Last week, HMD Global announced to enters the mobile market with Nokia branded mobile phones under an exclusive 10-year global brand license agreement.
The Black Pearl Samsung Galaxy S7 edge will be sold only with 128GB of internal storage.