Paytm’s Gross User Deposits Crosses INR 100 Cr. Mark

Paytm’s Gross User Deposits Crosses INR 100 Cr. Mark

Noida based mobile commerce platform Paytm has crossed INR 100 Cr. (Approx $16 Mn) in user deposits.

Quick Facts:

  • Paytm is doing over 60 Mn transactions a month
  • Recently crossed 80 million digital wallets users in India
  • Recently clocked a gross merchandise value run rate of $1.5 Bn in the last 15 months.
  • Used by over 20k online mobile merchants like Taxiforsure, Foodpanda, Bookmyshow, IRCTC, Zovi, etc.

Amit Lakhotia, Vice-President has said, “The easy and quick mobile transactions along with digital wallets are gaining popularity as a new payment alternative for the consumers. We have also enabled a new feature for our consumers to now add money by walking into offline stores and adding cash.”

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Inc42 Magazine is an online startup magazine that covers some of the best startups and entrepreneurs in the India ecosystem. We also feature numerous guest posts and resources by leading experts from across the industry, including many from the Silicon Valley and Bay Area.

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