Paytm an Indian Multinational Technology Startup that Specializes in E-commerce, Payment System and Financial Technology

‘Paytm’ an Indian Multinational Technology Startup that Specializes in E-commerce, Payment System and Financial Technology

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CEO: Vijay Shekhar Sharma (Dec 2010–)
Founder: Vijay Shekhar Sharma
Founded: 2009, Noida
Revenue: US$510 million, 2019
Headquarter: Noida, Uttar Pradesh

Paytm is a digital payments platform that allows you to transfer cash into the integrated wallet via online banking, debit cards, and credit cards or by depositing cash via select banks and partners. Using the Paytm wallet’s money, you can pay for several goods without using cash.

Among the transactions, you can make on Paytm recharge for mobile phones, metro cards, DTH cable, data cards, etc., as well as postpaid payments for mobile phones, landline/ broadband, electricity, water, and gas bills, etc. You can also book tickets for buses, trains, flights, movies, hotel rooms, etc., and pay for Uber cab rides using the platform. Additionally, you can buy goods on the company’s e-commerce platform using the wallet and even make offline payments at over 8 lakh merchants, Paytm claims.

The company got a huge boost when India’s PM Narendra Modi announced the demonetization in 2018. Especially from that time, the online payment system is one of the easiest and most convenient ways to pay online. And currently, Paytm is leading from the front when it comes to making an online payment.

 

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