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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