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What is Paytm & its mission?
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Paytm started the Digital Revolution in India. And we went on to become India’s leading Payments App. Today, more than 20 Million merchants & businesses are powered by Paytm to Accept Payments digitally. This is because more than 300 million Indians use Paytm to Pay at their stores.
Paytm (an acronym for "pay through mobile") is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida, India. [4] Paytm was founded in 2010 by Vijay Shekhar Sharma under One97 Communications.
- Paytm - About
- Paytm - Industry
- Paytm - Startup Story
- Paytm - Mission and Vision
- Paytm - Products and Services
- Paytm - Business Model
- Paytm - Revenue Model
- Paytm - ESOPs
- Paytm - Challenges Faced
- Paytm - Funding and Investors
Vijay Shekhar Sharma launched Paytm, a well-known provider of digital payments and financial services. Paytm was initially designed to make online money transfers easier for consumers and businesses alike, but it has gradually expanded its services. Later, it offers financial services, eCommerce capabilities, and cell and DTH recharging assistance....
According to a Statista study report, the fintech industry in India with the biggest growth potential is expected to beinvestment tech, which is expected to develop at a rate of30% between 2022 and 2030. Thefinancial software as a service industry is projected to grow at a Compound Annual Growth Rate (CAGR) of 27% during the same time frame. Based ...
Vijay Shekhar Sharma's entrepreneurial journey commenced in Aligarh, where his middle-class upbringing instilled determination and resilience. Vijay was educated in Hindi, so he had to overcome a language barrier. Nevertheless, he performed well academically and was accepted to Delhi College of Engineering, where he eventually received a B.E. in El...
Mission: The company mission on its website is"We will bring Half-a-Billion Indians to the Mainstream Economy." Vision: The company vision is to become India's leading payments App.
Paytm Mall Launch (February 2017):Paytm introduced Paytm Mall in February 2017 as part of a calculated effort to break into the eCommerce space. Alibaba provided an initial $200 million capital infusion to Paytm Mall, which was then able to maintain steady backing from Ant Financial and Alibaba in order to strengthen the Paytm wallet. Contactless I...
Pioneering India's QR and mobile payments revolution, Paytm's business model centers on advancing financial inclusion through a broad spectrum of payments and financial services. The key components of this model can be summarized as follows: Comprehensive Payments Ecosystem:The core of Paytm's business model is to attract merchants and customers by...
Paytm generates revenue through a diversified set of streams, some of the prominent one are listed below: Profitable UPI Use:Paytm makes money through the widely-used Unified Payments Interface (UPI). Monetization avenues:Paytm makes money on its platform through selling of loans and payment devices, as well as from subscription revenue, payment pr...
As of August 15, 2021, 166 former and current workers of Paytm who exercised their options under the ESOP Scheme 2008 and ESOP Scheme 2009 have received approximately 10,11,582 equity shares valued at Rs 189 crore. This action is a component of Paytm's continuous dedication to appreciating and thanking its employees. Employee incentives were furthe...
Paytm has encountered a series of challenges as it sought to reshape the cultural landscape of India, where both internet access and smartphones were once deemed unaffordable. The company has faced hurdles included critical issues such as transaction glitches, advertising missteps, and even a trademark infringement case against the Paytm brand. In ...
The company has raised funding of around $3.54 billionover 15 rounds of funding. Here are some of the most prominent funding rounds for Paytm:
- 2010
- Noida, Uttar Pradesh, India
- Vijay Shekhar Sharma
- FinTech
Dec 25, 2023 · Paytm: Vision and Mission. Paytm’s vision is to empower millions of Indians with innovative financial solutions, fostering digital inclusion and transforming the way people transact and interact with money.
- Paytm
- Noida, Uttar Pradesh, India
- Vijay Shekhar Sharma
- FinTech
Aug 17, 2022 · As pioneers of India’s QR and mobile payments revolution, our business model focuses on driving financial inclusion through a wide range of payments and financial services. Here is a quick summary:
- Dilip Prasad
Feb 9, 2022 · Paytm is India's one of the biggest fintech startups founded in August 2010 by Vijay Shekhar Sharma. The startup offers versatile instalments, e-wallet, and business stages. Even though it began as an energizing stage in 2010, Paytm has changed its plan of action to become a commercial centre and a virtual bank model.
Oct 26, 2022 · Paytm has become a household name when it comes to digital payments in the country. It has created an ecosystem that allows millions of citizens to seamlessly conduct online transactions.
