As of 31 March 2021, it provided payment services, commerce and cloud services, and financial services to 333 mn. Operations of the companyĪccording to RedSeer, Paytm is India’s largest digital ecosystem for consumers and businesses. It has since grown to become India’s largest payment platform and the most valuable payments brand, with a total brand value of $ 6.3 bn. Following that, the company’s name was changed to “One 97 Communications Limited” in accordance with a new certificate of incorporation dated issued by the Deputy Registrar of Companies.Īccording to the Kantar BrandZ India 2020 Report, in 2009, the company launched the first digital mobile payment platform, “Paytm App,” to provide customers with cashless payment services. This company was incorporated as “One 97 Communications Private Limited,” a private limited company on 22 December 2000. One 97 Communications Ltd (Paytm) is India’s premier digital ecosystem for both consumers and merchants.
Through payments, trade, banking, investments, and financial services, the firm aims to integrate half a billion Indians into the mainstream economy.
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Paytm is India’s largest financial services firm, providing customers, offline merchants, and internet platforms with full-stack payments and banking solutions. When demonetisation happened, Paytm saw a 700% increase in overall traffic, a 1,000% increase in the value of money placed into Paytm accounts, and a record 5 mn. And the funds will be transferred in a matter of seconds.
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It brought about days where all you have to do is open a mobile payment app on your phone, click ‘Pay’, and then select ‘QR code.’ Scan the receiver’s QR code and input the amount to be paid.
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