![bokeh video without changing exosure bokeh video without changing exosure](https://www.winklix.com/blog/wp-content/uploads/2018/03/FEATURE-PAYTM.png)
For Fixed Amount Subscriptions as well, use this API.
![bokeh video without changing exosure bokeh video without changing exosure](https://i.pinimg.com/originals/d2/98/21/d29821ede0ab67ee8fff1d5b19ce3dd8.jpg)
*This API must be mandatorily used for Variable Amount Subscriptions in case of subscriptions created via UPI & Wallet paymodes. Alternatively, you can use the Subscription Pre-Notify Check Status to get the confirmation.
![bokeh video without changing exosure bokeh video without changing exosure](https://miro.medium.com/max/750/1*lLImB0MrNieU8jhXiyBYTQ.jpeg)
Once Paytm gets the confirmation, you can use the Subscription Pre-Notify Callback to get the confirmation of the notification delivery. Use the Subscription Pre-Notify API* to trigger the notification at least 48 hours prior initiating the debit. The notification should include the following details: For subscriptions created via Cards or Bank Mandates, you can ignore this step. The status stays as confirmed till the payment is deducted successfully and Paytm is notified by the bank of the same post where the subscription is made ‘ACTIVE’.įor UPI & Wallet paymodes, it is mandatory for the issuers (Banks/Wallet providers) to send a pre-transaction notification to the user. It indicates that there is an upfront amount that must be deducted even though the mandate is successfully authorised and confirmation has been received from the sponsor bank. This is specific to the Bank Mandates when an upfront payment is deducted at the time of subscription creation. In the case of Cards and UPI, the Subscription moves straight from authorized to ACTIVE state.In the case of Bank Mandates, the customer completes the authorization post successful authentication, however, Paytm has not received a confirmation from its sponsor bank for activation.In the case of wallet, the customer completes the authorization post OTP verification, however, the first payment/token amount has not been deducted.However, an additional action may be required to make the subscription Active. It indicates the customer has completed the authorization. It indicates the subscription has been canceled and cannot accept any fresh payment requests. It indicates the subscription has passed its expiry date and cannot accept any fresh payment requests. If the user is still interested, you need to create a new subscription ID. It indicates the subscription is closed due to incomplete authorization. It indicates the subscription is active and ready to accept payments. When you create a subscription, it instantly moves to the INIT state which indicates the subscription has been created but pending for authentication. While in UPI, Paytm is a distant third, if you look at Paytm wallet to wallet transactions that’s very large but doesn’t get recorded as it doesn’t enter any settlement,” said Mankad.Understanding the different Subscription States “Paytm has many businesses, and if they put their might behind this it will surely yield results. And this is just one of the tricks that Paytm is using to leverage its other businesses. The $16 billion startup has also announced, on Monday, that its UPI handles have been approved by India stock regulator Securities and Exchange Board of India for users to pay for IPOs. Meanwhile, Paytm knows it has a long way to go in the UPI ecosystem. Even in terms of monetary value, our annualised total payment volume (TPV) run rate has crossed the $300 billion mark,” PhonePe’s chief executive Sameer Nigam had said during Walmart’s fourth quarter earnings. Our monthly active users (MAU) has crossed 110 million monthly users with a very healthy 97% monthly customer repeat rate. Our monthly transaction count is up nearly 100% year-over-year. “PhonePe now has more than 275 million lifetime registered users, which essentially means that one in every five Indians now has PhonePe. In January 2021, Walmart-owned PhonePe had said it processes over a billion monthly transactions.