It is very easy to make your bill payments or recharge your mobile phone on Paytm.
Who owns paytm how to#
How to use Paytm for Recharges & Bill Payments? Paytm continues to retain millions of loyal customers from its initial days owing to its user friendly interface and exciting offers and discounts from time to time.
Indians were not new to NEFT or IMPS, but instant money transfer to another bank account kind of revolutionized the entire digital banking landscape. Paytm Wallet also allowed money transfer from person to person using just the mobile phone number. Paytm Wallet became the preferred method of payment for college students and working youngsters, since it removed the hassle of carrying their wallet wherever they went. Paytm Wallet was such a massive movement that street vendors saw a huge boom in their business. It allows users to load money to their wallet through Netbanking, credit card or debit card and use it to make a plethora of payments around the country. Paytm Wallet opened the Indian economy to digital banking. Since its introduction in 2014, Paytm Wallet is the most widely used payment app in the country. It allows you to pay at merchant locations using phone number or QR Code. With over 350 million downloads, Paytm is the most commonly used payment app in India. He was even on the list of the 100 Most Influential Individuals of Time Magazine in 2017. The founder of Alibaba, Jack Ma, and Masayoshi Son of Softbank, are his inspirations. In 2017, Sharma emerged on Forbes' World Billionaires List, the youngest Indian on the list with a net valuation of $2.1 billion. Initially, it was majorly into providing mobile content, like news, cricket scores, ringtones, jokes and examination results. One97 Communications, his brainchild was founded in the year 2000. In the year 1997, while still in college, he designed and launched a website, which he later sold for $1 million in the next two years. He graduated from Delhi College of Engineering with a Bachelor's degree in Electronics & Communication Engineering. Vijay Shekhar Sharma is a billionaire businessman in India. Vijay Shekhar Sharma, founder & CEO of Paytm, and One97 Communications Limited, together owns Paytm Payments Bank, the country's largest digital bank with more than 58 million account holders. Its primary investors include Softbank, Ant Financial, AGH Holdings, SAIF Partners, Berkshire Hathaway, T Rowe Price and Discovery Capital. It is headquartered in Noida, Uttar Pradesh. One97 Communications Limited, which owns the Paytm brand, was founded by Vijay Shekhar Sharma in the year 2010. The company works towards a vision of introducing at least half a billion Indians into the mainstream economy through payments, trade, finance, recruitment, and financial services. Paytm's new payments infrastructure will promote sustainable growth of digital payments and financial services in India.Īfter revolutionising mobile, QR and Soundbox payments, the company said its new platform will transform digital transactions, enabling affordable access to financial services.Paytm is India's largest financial services firm providing an entire range of online payments & financial solutions to customers, online retailers and service partners. The revamped platform will further power superfast, secure and seamless payments. We are proud that we are making this in India for the world," said Sharma. "We are here to serve India by a technology made in India.
Who owns paytm upgrade#
This massive upgrade of Paytm's payments platform through an indigenous full-stack development will further boost digital payments in the country. The company has been investing heavily in India's mission of building a trillion dollar digital economy. With a world-class platform that can handle up to 10X of the current scale, Paytm has set a gold standard for fintechs, aimed at handling fast growing digital payments opportunities in the country. The platform has been revamped, ensuring that the previous technology platform is upgraded with new-age tech solutions that are locally built and supported in-house. This platform will be able to scale to the next up to 10X payments in India," he added. "We have built a new operational risk system and fraud management from the ground up, catering to India's payments growth.
Who owns paytm software#
"By making sure that every component of our technology is made in-house, we have proved that India can build world-class technology software of scale," said Vijay Shekhar Sharma, Founder and CEO, Paytm.
With this, the company said it has taken another step towards 'Atmanirbhar Bharat' to promote digital payments in the country.A New Delhi, Mar 24 (IANS): One97 Communications Limited (OCL), that owns leading payments and financial services company Paytm, on Friday announced the launch of its new technology platform that is built with 100 per cent indigenous developed technology.
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