2. About Paytm
Paytm was founded and incubated by One97
Communications Limited in 2010 as a prepaid mobile
recharge
The name is an acronym for "Pay Through Mobile."
3 million offline merchants across India.
In 2013, the company launched Paytm Wallet, which
became India's largest mobile payment service platform
with over 150 million wallets and 75 million Android based
app downloads
4. Funding
In March 2015, Indian industrialist Ratan Tata made
a personal investment in the firm
Company received a $575 million investment from
Alibaba Group
Paytm borrowed 300cr from ICICI Bank in March
2016 as working capital.
May 18, 2017 Softbank invested $1.4 billion in the
company, and as one of the Largest Funding in
India's Ecosystem
5. Payments bank
Paytm received a license
from Reserve Bank of
India to start one of India's
first payments banks,
called "Paytm Payments
Bank Limited.
The bank intended to use
Paytm’s existing user
base for offering new
services, including debit
cards, savings accounts,
online banking and
transfers, to enable a
cashless economy.
6. Paytm Wallet
Book air tickets and taxis
Book Movie ticket.
Mobile recharge & cashback
Online shopping
Pay Electricity bills.
Book a Train ticket
Payment of DTH
Send Money