Paytm - Rules the World of Digital Transactions with its Simple and Secured Payments
Written on: tháng 7 08, 2021
Title : Paytm - Rules the World of Digital Transactions with its Simple and Secured Payments
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Paytm - Rules the World of Digital Transactions with its Simple and Secured Payments
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Paytm.
Nearly 1.7 million people in the world are unable to engage in the formal financial system. This imposes adverse effects on saving and investments. Cash-based transactions lack transparency and are also typically unsafe.
Paytm brought about a huge transformation in digital transactions. The company encourages pay through mobile with its famous tagline 'Paytm Karo'. The company was founded in 2010 and it is based in Noida, Uttar Pradesh. Here is a detailed description of the successful journey of the company.
Paytm - Company Highlights
| Startup Name | Paytm |
|---|---|
| Headquarters | Noida, Uttar Pradesh |
| Industry | FinTech |
| Founders | Vijay Shekhar Sharma |
| Founded | 2010 |
| Parent Organization | One97 Communications |
| Website | www.paytm.com |
| Tagline | Paytm Karo |
Paytm - About
Paytm - Latest News
Paytm - Founders and Team
Paytm - Vision and Mission
Paytm - Name, Tagline, and Logo
Paytm - Awards
Paytm - Growth and Revenue
Paytm - Funding and Investors
Paytm - Business and Revenue Model
Paytm - Competitors
Paytm - Future Plans
FAQs
Paytm - About
Paytm is a leading financial services company that offers various financial solutions to its customers through both offline and online platforms. Paytm’s parent organization is One97 Communications which is based in Noida, Uttar Pradesh.
This was founded by Vijay Shekhar Sharma. Paytm Payments Bank is said to be the country’s largest digital bank with more than 58 million account holders. ‘Paytm Money’ is regarded as the biggest investment platform and contributes to Systematic Investment Plans (SIP) in the Mutual Funds Industry.
It has also gained access to launch its services in Stock Broking, and National Pension System (NPS). Paytm First Games and Paytm Insurance have also gathered the usage of millions of people globally. Paytm also launched a mini app store to support Indian app developers and entrepreneurs.
Paytm - Latest News
14 June, 2021 - Paytm announced that users from all over the country will now be able to find their Covid-19 vaccination slots and book them right from the Paytm app.
14 June, 2021 - Paytm unveils stock options amounting to $12 Million and started its employee reward policy through its employee stock ownership plan (ESOP), which is made available for the existing and former employees.
18 September, 2020 - Paytm First Games has been suspended from the Google Play Store for violating its policies. It is said that Google does not allow online casinos or support any unregulated gambling apps that facilitate sports betting.
18 September, 2020 - Vijay Shekhar Sharma tweeted that the Paytm app is back live on Play Store with the support of the people and stated that CashBack and Scratchcards are not gambling. The ban that was put into effect earlier by Google Playstore on the app on the grounds of violating the company's rules around gambling was lifted later on.
#Paytm out of Google Play Store.
— CNBC-TV18 (@CNBCTV18Live) September 18, 2020
Google: We don’t allow online casinos/support any unregulated gambling apps that facilitate sports betting. It includes if app leads consumers to an external website that allows them to participate in paid tournaments to win real money/cash prizes pic.twitter.com/poeZzXw5nA
Thanks everyone for your support! Paytm App is back, live in Play Store. 🙏🏼
— Vijay Shekhar Sharma (@vijayshekhar) September 18, 2020
We launched a UPI CashBack campaign this morning. Our app got suspended by Google for this.
India, you decide if giving cash back is gambling. 🇮🇳 pic.twitter.com/w5Rcrs6lLT
Paytm - Founders and Team
Vijay Shekhar Sharma is the founder and CEO of Paytm. He completed his Bachelors in Electronics and Communications Engineering from Delhi College of Engineering. He was ranked as India’s youngest billionaire in 2017. He is among the top digital entrepreneurs in India. He started One97 Communications in 2000, which is the parent organization of Paytm. He also got “CEO of the Year” by SABRE Awards in the year 2015. Now, Paytm operates with more than 20,000 employees.
Paytm - Vision and Mission
Paytm’s goal is to enhance digital excellence, increase earning growth, and cross-selling opportunities. The company also wants to leverage its capabilities and value propositions to increase its market position. Paytm wants to bring half a billion Indians into the mainstream economy through their financial services.
Paytm - Name, Tagline, and Logo
Paytm denotes ‘Pay through Mobile’, representing the digital transactional services of the company. The company’s tagline is ‘Paytm Karo’.
Paytm - Awards
| Year | Awards |
|---|---|
| 2012 | Paytm got the ‘Most Innovative Startup of the Year’ Award from Franchise India |
| 2013 | The company was recognized by Knowledge Fabre Best Mobile Wallet Program Award |
| 2014 | ‘Gold Winner’ at the MMA Smarties under the category of Mobile App. Paytm was the winner of the Indian Express IT Award |
| 2015 | The company got the Best Digital Wallet Award at IAMAI India Digital Award in Delhi |
| 2016 | Paytm was the winner of the FT Future of Fintech Award. It also won ET Brand Equity Most Trusted Brand of the Year |
| 2017 | Paytm was awarded the Diamond SABRE Award in Company of the Year at SABRE Awards. The company also won Best Consumer Mobile Service Award at the 11thIAMAI India Digital Summit |
Yash Gupta
Paytm - Growth and Revenue
Paytm faced a huge loss in its revenue during FY 2018-19. As of the fiscal year 2019, the company saw only a 2% hike in revenue, while its expenses increased by 54%.
Paytm Payments Bank Limited stated that its net profit in FY 19-20 grew to Rs 29.8 Cr from Rs.19.2 Cr in the previous year, amounting to a growth of 55%. Paytm's FY20 revenue increased to Rs 3,629 Cr with a 40 percent reduction in losses as compared to the last year.
Paytm had its latest Series G round of funding from the investor "T Rowe Price" in November 2019. This led the total valuation of the company to rise to $16 Billion.
The total income of Paytm, which was recorded at Rs 3,540.8 crore in FY20, has dropped to Rs 3,186.8 crore in FY21. This sudden drop in the income of the Fintech giant can be traced to the reduced commercial activities as a result of the pandemic-induced lockdowns.
Paytm - Funding and Investors
| Date | Stage | Amount | Investors |
|---|---|---|---|
| January 2014 | Series A | - | - |
| February 2015 | Private Equity Round | - | - |
| March 2015 | Secondary Market | - | - |
| February 2017 | Funding Round | $2.2B | Vijay Shekhar Sharma |
| November 2019 | Series G | $1B | T Rowe Price |
Paytm - Business and Revenue Model
The business model of Paytm includes marketplace and payments bank business model. The categories such as Marketplace (Paytm Mall), Recharge Services, Bill Payments, Payment Solutions, Paytm Wallet, Paytm Bank, and Digital Gold for digital gold investment, are the revenue sources for the company.
Revenue from Marketplace includes fees and commissions from sellers in different categories. Paytm charges commissions from mobile operators for revenue through recharge services. Paytm Wallet is used for almost every digital transaction. The more we use its Wallet, the more Paytm earns from it.
Paytm - Competitors
The top competitors of Paytm are:
Paytm proves to be the best in its field with its advanced technologies and strategic business models.
Paytm - Future Plans
The three main focus areas of the company are financial services, e-commerce, and payments. Paytm plans to invest Rs.10,000 Crore ($1.4 B) over the next three years. The investment will mainly focus on expanding its financial services. Paytm aimed to reach 100 million users in the T20 league and is planning to invest Rs 300 Crore in branding and marketing. The leading digital payments provider, plans to launch India’s biggest IPO this year. It is aiming to raise $3 billion in an initial public offering (IPO) this year.
Fast forward to July 5, 2021, Paytm has reported that its IPO will be worth Rs 2.23 billion (Rs 16,600 crores). The company is to file its Draft Red Herring Prospectus with SEBI (Securities and Exchange Board of India) on the upcoming July 12 of this year.
FAQs
Who is the current owner of Paytm?
Paytm is owned by the Indian company One97 Communications Ltd.
Is Paytm a Chinese company?
Paytm is a Indian company, but one of its major investor is Ant Financial, which is a Chinese major investor.
Why was Paytm banned?
Paytm was banned from Play Store for allegedly violating its gambling policies.
Is Paytm for business free?
Yes, there are no charges for setting up your Paytm for Business account.
How many employees work for Paytm?
There are 10,625 employees in Paytm.
Author: Himaya Presthitha
Source : https://startuptalky.com/paytm-success-story/
Date : 2021-07-08T13:31:00.000Z
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