CLEAN : In India a new banking system to reach the masses

The video discusses Paytm's services, including booking movie tickets and using barcodes. It explains transaction processing times and how users can open wallets with Paytm to use across a vast merchant network. The goal is to become India's largest payment network, focusing on small shops that lack POS machines. Paytm charges when money exits the system. The company is also working to educate new users and merchants, providing support to those unfamiliar with technology.

What is required to book movie tickets using Paytm?

• A credit card

• A barcode

• A bank account

• A POS machine

How can users load their Paytm wallets?

• Using gift vouchers

• Using cryptocurrency

• Using debit or credit cards

• Using cash

What is Paytm's target in terms of its payment network?

• To eliminate the use of cash

• To provide free movie tickets

• To offer the lowest transaction fees

• To become the largest payment network in India

When does Paytm charge a fee?

• When money is withdrawn from the system

• When money is transferred within the system

• When a transaction fails

• When money is added to the system

What is Paytm doing to help new users and merchants?

• Providing initial support and education

• Reducing transaction fees

• Giving free smartphones

• Offering discounts