Your browser is currently blocking notification.
Please follow this instruction to subscribe:
X
Notifications are already enabled.
X

Paytm Now Has 100 Mn Mobile Wallet Users

Paytm Now Has 100 Mn Mobile Wallet Users

Noida-based, mobile commerce platform Paytm has added another significant milestone. The company has announced that it crossed over 100 Mn mobile wallet users.

Quick Look Into Numbers

  • 75 Mn transactions per month
  • Tie ups with over 80,000 merchants
  • Employees size 1001-5000

The company is planning to reach 10 Mn merchants by the end of 2016. Users can load money to Paytm wallet using debit card, credit card, net banking and over 20,000 cash deposit points.

Paytm is also partnering with various banks to help users to add money through bank branch and ATM machines.

On reaching this milestone, Vijay ShekharSharma, founder & CEO of Paytm, said “Today with over 100 million Paytm wallets, India has committed towards a less-cash society. We are happy with the momentum and are well on our way towards getting half a billion Indians on the Paytm platform. One use case at a time, one user at a time. Paytm stands for a cash-free India. I am a firm believer that cash usage is one of the foundational problems for our country. We believe Paytm is new India’s new way to pay. ”

Paytm, owned-by One97 Communications Ltd was founded in 2010 by Vijay Shekhar Sharma. The company offers a marketplace for mobile applications including mobile recharge, utility bill payments and inter-wallet and wallet-to-bank money transfers.

Other than that, it also offers payment solutions for online shopping, pay for various online services like Uber, FoodPanda, BookMyShow, IRCTC etc.

With such services, Paytm Wallet has eliminated the safety and convenience-related concerns that accompany carrying huge amounts of cash.


Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.


Author

Vishal Singh

Inc42 Staff

For Vishal Singh, football is oxygen, traveling is living, night is day, online gaming is serious sport and superheroes are real. Yes, real. And like the call sign of any superhero, one can always find him enrapt to his laptop screen. His passion lies in writing pieces that would get the brain engines of readers churning and aspires to one day be known by his opus.

Responses
https://inc42.com/flash-feed/aspiring-minds-acquires-mizcoin/
Loading Next…

Upcoming Events