Paytm is a successful e-commerce payment system and financial technology firm.
One of India’s leading mobile internet companies and eCommerce website development agencies, One97 communication’s Paytm was founded with the aid of Vijay Shekhar Sharma in August 2010 with an initial investment of $2 million in Noida, New Delhi.
By Ishika Rastogi
Paytm started off as a mobile recharge platform, a DTH recharge platform, and an e-trade price gadget that delivered prepaid mobile recharge, data card, postpaid mobile, and landline bill payments in 2013. Paytm has more than 250 million registered customers and counting.
In January 2014, the organisation released the Paytm Pockets, a Reserve Bank of India (RBI)-authorised e-wallet, and Uber, an American multinational trip-hailing company, and Indian Railways added it as a price choice.
In 2015, Paytm released Indian e-commerce with online deals and bus ticketing and unveiled extra usage instances like metro recharges, schooling prices, and water, fuel, and electricity bill. Paytm has also introduced a payment gateway for the Indian Railways.
In 2016, Paytm started out by providing flight tickets, activities, movies, and leisure park tickets, gift cards, rail bookings, as well as Paytm QR codes.
In 2017, Paytm released Paytm Gold, a Paytm payment financial institution, and Inbox, a messaging platform. With over a hundred million app downloads, Paytm has become India’s first payment app. At full charge, this online charge device can take care of around 5000 transactions in step 2d.
In 2018, Paytm launched the ‘Paytm for Enterprise app, a charge carrier for traders. That's now known as an everyday commercial enterprise with the Paytm App. Paytm's enterprise app allows merchants to instantly tune their settlements and payments.
The company commenced allowing merchants to simply accept Paytm, credit cards, debit card payments, and UPI directly every day of their financial institution debts at a 0% rate.
Paytm isn't simply comfy, but additionally robust. This online payment system makes use of a secure Sockets Layer (SSL) — Verisign-certified SSL 128-bit encryption generation to ensure the net information of the user, i.e., the personal information, financial details, and password, is secure, therefore providing more safety to everyday customers.
According to the latest surveys, Paytm has beaten similar online payment systems, which include Freecharge, Mobikwik, PhonePe, and Google Pay, in terms of both the sales generated and the range of customers.