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How is Paytm growing as a payment platform?
There was around 1000% growth in the money added to its wallet, 300% rise in app download and a gain of 20 million new users was recorded within 2 months (BI intelligence 2016). Paytm’s revenues are generated from multiple sources. This includes: Interest (ranging 4-6%) received from escrow account maintained in a nationalised bank,
How did Paytm grow after demonetization in India?
After demonetization paytm made it easier to pay with its digital payment option. There was around 1000% growth in the money added to its wallet, 300% rise in app download and a gain of 20 million new users was recorded within 2 months (BI intelligence 2016). Paytm’s revenues are generated from multiple sources. This includes:
When did Paytm acquire near and EduKart?
In 2015 PayTM acquired Near.in a multiservice provider for 2 million USD, further in 2016 it acquired three other companies Shifu a consumer behaviour prediction platform for 8 million USD, Edukart a higher education enrolment platform and Shopsity an e-commerce start-up thereby strengthening its Online-to-Offline (O2O) network.
Who is the founder and CEO of Paytm?
Pay Through Mobile or what most people commonly know as PayTM was established in August 2010 under One97 Communications Ltd as a prepaid mobile recharge website. The company is based out of Delhi NCR, India and is spearheaded by CEO Vijay Shekhar Sharma.
Last Update: Oct 2021
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