Paytm partners with HDFC ERGO to cover mobile transactions insurance
By MYBRANDBOOK
Paytm parent One97 Communications has launched “Paytm Payment Protect”, a group insurance plan to insure transactions made through UPI across all apps and wallets, in collaboration with HDFC ERGO General Insurance.
This product is aimed to enhance the digital payments experience and increase the adoption of the same in the country. The new insurance offering will come at a cost of Rs 30 per annum, enabling users to secure themselves against mobile fraudulent transactions up to Rs 10,000. The company stated that higher cover options for cover up to Rs 1 lakh per annum will soon be added to the product.
Bhavesh Gupta, CEO of Lending and Head of Payments at Paytm, said, “We are offering an insurance cover with convenient claims with a vision to safeguard users and fight cybercrime. Our partnership with HDFC ERGO is aligned with our mission of spreading financial awareness and propelling safer digital payments adoption in the country.”
Parthanil Ghosh, President, Retail Business, HDFC ERGO General Insurance, said, “We are excited to partner with Paytm as this asserts our pledge to provide innovative solutions to mitigate cyber risks in today’s digital era. Our comprehensive insurance offering, coupled with Paytm’s digital access, will boost digital growth and ensure financial inclusion along with protection from cyber frauds across the country.”
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
MATRIX COMSEC PVT. LTD.
BEETEL TELETECH LTD.
DELL TECHNOLOGIES INDIA PVT. LTD.
FRESHWORKS TECHNOLOGIES PVT. LTD.
Technology Icons Of India 2023: Ashwini Vaishnaw
Ashwini Vaishnaw is an Indian politician and former IAS officer and is...
Technology Icons Of India 2023: Rajeev Chandrasekhar
Rajeev Chandrasekhar is the Union Minister of State for Electronics an...
Technology Icons Of India 2023: Sunil Gupta
Sunil Gupta is the Co-founder, Managing Partner & CEO of Yotta Infrast...
New defence PSUs will help India become self-reliant
MIL, India’s biggest manufacturer and market leader is engaged in Pr...
Aadhaar: Architecting the World's Largest Biometric Identity System
The Unique Identification Authority of India (UIDAI) is a statutory au...
PGCIL transforming India with its wide power transmission network
Engaged in power transmission, POWERGRID or PGCIL is a stated owned In...
RAH INFOTECH
RAH Infotech is India’s fastest growing technology value added dist...
FORTUNE MARKETING PVT. LTD.
Delhi based Fortune Marketing, An ISO 9001:2008 company, distributes ...
REDINGTON INDIA LIMITED
Redington (India) Limited operates in the IT product distribution busi...