PAYTM – Fastest Growing Indian eCommerce Company
Paytm is an Indian electronic commerce company. Paytm means pay through mobile. It is one of the website where you can do all online transactions like DTH recharges, mobile recharges, data card recharges, bus tickets booking, train ticket bookings, flight ticket bookings, movie ticket booking, bill payments, etc. Paytm was founded by Vijay Shekhar Sharma in 2010, headquartered in Noida.
Initially, they started by offering mobile recharging, adding bill payment and electronic commerce, with products like online businesses such as Amazon, Flipkart, Snapdeal. But now Paytm offers a bunch of things. Paytm has 200 million registered users.
Paytm offers discounts to all their users, they call it promo codes. Whenever you use Paytm to make purchase, always use their promo codes to get a best discount and save your money as well.
Paytm, owned by One97 Communications, is one of the platforms of digital payments. It allows you to transfer cash into the Paytm wallet via online booking, credit and debit cards. By using the money in the Paytm wallet, you can pay for a daily needs and goods without using cash.
Paytm uses many trusted software for their security purpose and uses many security applications which provides the best security when any transactions are done. Technically this type of security called 256 bits of encryption. In order to increase the security to the next level they also verified the user through OTP password which was sent to users/customers registered mobile number while they are trying to perform mobile recharge, DTH recharge, ticket booking etc.
ADVANTAGES OF USING PAYTM:
As a user you can really avail lot of benefits using paytm such as cashbacks, exclusive benefits,
You can recharge your data cards, DTH cable, prepaid mobile phone recharge, postpaid mobile phone recharge, landline/broadband bill, electricity bill, water and gas bills, metro cards, etc.
By using Paytm you can easily able to book the bus ticket, train ticket, flight ticket, movie ticket, hotel and rooms ticket, etc.
With the help of Paytm you can pay to Uber cab rides, Ola cab rides, Ola auto rides, etc.
You can buy any goods on the payment's electronic commerce platform make offline payments at over 8,00,000 merchants.
Paytm allows you to send money to other people's Paytm wallets or to bank accounts with some commission.
RBI APPROVED PAYTM:
The digital wallet is approved by Reserve Bank of India. So, people are trusted on their Paytm wallet service. They provide nearby 45+ banks for net banking (It is one of the biggest payment Gateways in India).
RAPID GROWTH OF PAYTM:
Paytm wallet is also digital payment instrument where you can transfer money from your bank account or credit card to use for transactions on the platform. You need to set up an account using your mobile phone number and email ID to setup a Paytm account and transfer cash to the wallet.
You can add up to Rs. 10,000 in a month in the wallet, if you want to increase the monthly limit line, then you can get the KYC (Know Your Customer) processor done. In this you can have up to Rs. 1,00,000 in the Paytm wallet at any point of time.
Paytm mall is an electronic commerce online shopping site like amazon, flipkart, snapdeal in India. It is one of the dedicated app for shopping. You can shop online for books, laptops, mobiles, watches, etc. But options like recharging, bill payments activities are nor applicable in Paytm mall app.
Paytm provides a 24*7 for helping their customers.
|Founder||Vijay Shekar Sharma|
|Parent Company||One97 Communication Pvt Ltd.|
|Services||E-recharge, shopping, ticket bookings, etc.|
|Payments||Cash on Delivery, e- wallet, etc.|
|Market value||More than $18 billion (Around Rs. 1,116,00 crore)|
|Other Players||Flipkart, Amazon, Snapdeal, etc|
|App platforms||Android, iOS|
|Aprx Registered Users||200 million registered users|
|Aprx Monthly visitors||22 million visitors per month|
|Aprx Monthly Transactions||8 million transactions per month|
|Aprx Active Wallet Users||15 million active wallet users|