Paytm has formed a strategic partnership with the Maharashtra Traffic Police to enable digital invoice payment on its platform. So now anyone can make traffic e-challan payments using the company website or Paytm app. The Traffic Challan facility is currently available in six states, including Haryana, Tamil Nadu, Telangana, Andhra Pradesh, West Bengal, and Uttar Pradesh. Now Maharashtra is also included in the list.
Commenting on the company's traffic invoice facility, a Paytm spokesperson said, "We understand that managing invoice payments is a difficult task for officers. This feature will help reduce the operational complexity typically connected with invoice payments and enable everyone to reap the benefits of digitalization. We want to thank Maharashtra Traffic Police Department for relying on Paytm and look forward to doing more such partnerships soon."
Vinay Kargaonkar, Maharashtra's Additional Director General of Police (Traffic), said, "This new facility will help save users' time and efforts. It will also help the resources of the traffic department free from challan collection activities. This will generate greater visibility of invoice collection and support the traffic department in streamlining their processes."
Paytm Payments Bank (PPB) led the ranking in the number of digital transactions conducted in July, the Ministry of Electronics and Information Technology (MeiTY) said in a report. Paytm Payments Bank stated, "MeiTY has established a 'Digital Payments Mission' with a target of 4,019 crore digital payment transactions in FY 2019-2020. And PPB reached 102.01 percent of the target set."
A PPB spokesperson says that the company had targeted 5 billion digital transactions for this year. But it reported that 1.3 billion transactions in the first three months of 2019. In the same period, the bank has also ridden over 1 million rural merchants. According to the report, the company reported a decline of 0.03 percent in the highest rates of successful transactions in the month.
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