The Story of Success of Paytm the world’s largest electronic payment system for e-commerce and a financial technology company
The awe-inspiring Indian mobile internet business and eCommerce website development firm One97 communications’ Paytm was launched by Vijay Shekhar Sharma in August 2010, with an initial investment worth $2 million. Noida, New Delhi.
Paytm was initially an online recharge service, DTH recharge platform, and then the online payment system was included prepaid mobile recharge and data cards postpaid mobile and bill payment to landlines in the year 2013. In the present, Paytm is home to more than 250 million registered users , and growing.
In January 2014, the company introduced the Paytm Wallet that is which is a Reserve Bank of India (RBI)-approved electronic-wallet as well as Uber is an American multi-national ride-hailing firm, along with Indian Railways added it as an option for payment.
in 2015 Paytm entered the e-commerce market by offering online deals and bus ticketing , and also unveiled new use-cases such as metro recharges, fees for education as well as gas, water and electric bill payments. Paytm also announced its payment platform that is used by Indian Railways.
In the year 2016, Paytm started flight ticket and movie tickets, as well as events and amusement park ticketing rail reservations, gift cards along with bookings and Paytm QR
In the year 2017, Paytm launched Paytm Gold, Paytm Payments Bank, and Inbox” Inbox, the messaging platform. More than 100 million apps downloaded, Paytm became India’s first payment application. Today, the online payment platform can process approximately 5000 transactions per second.
In the year 2018 Paytm introduced ‘Paytm for Business’, a payment service for businesses that is now referred to as Business with Paytm App. Paytm for Business is an app allows merchants to keep track of their daily payments and settlements quickly.
The company has begun accepting merchants’ Paytm and credit card debit card payments, as well as UPI direct into bank accounts for no cost.
Paytm is not just safe, but also sturdy. The payment service on the internet utilizes Secure Sockets Layer – Verisign-certified SSL 128-bit encryption technology that guarantee that the online data that the customer provides i.e. your personal details, financial information and password are safe which means it offers greater security for users.
The company has begun accepting merchants’ Paytm and credit card debit card transactions, and UPI direct into bank accounts for no cost.
Paytm is not just safe, but also sturdy. The payment service on the internet makes use of Secure Sockets Layer – Verisign-certified SSL 128-bit encryption to protect the information on the internet that the customer provides i.e. your financial details, personal information and password are safe and secure, thereby providing more protection to the user.