The homegrown e-wallet service Paytm has been through best of its time in recent time. The company today announced that its user base crossed 200 million wallet users. It is a great achievement by the company looking at the time it has spent in the market. It has been just 3 years since the company has debuted in India.
There is no doubt that Paytm is the easiest and most hassle-free payment system currently in the country. Paytm has increased its user base immensely over time, by taking more and more merchants on-board. With the emergence of digital payment scene in India, Paytm has become the most active participant in bringing thee-payment fashion to common people. From small vegetable vendors to big markets and stores, Paytm has reached out to the maximum number of people in past few months.
Speaking on the announcement, Deepak Abbot, Snr. Vice President – Paytm said, “At Paytm, our goal is to help merchants and consumers transact digitally at zero extra cost. Reaching 200 Mn registered users and more than half a million users on a daily basis is a great showcase of the country’s trust in our payment solution and reaffirms our belief in the need for a quick and easy cashless payment method. Going forward, we would continue to drive strong consumer-focused innovation in the category to reach the widest set of merchants and consumers in India.”
With the indulgence of merchants like tolls, canteens, parking, healthcare and many other like these, Paytm has seen a huge growth in its business as well. It has also launched a 24*7 Merchant Helpline to assist merchants across India accepting payments using its cashless payment solution
Paytm has also participated in several unique initiatives to help the country’s SMB merchants by allowing them to start accepting digital cash at zero cost. Its ‘Each One Teach One’ initiative invited volunteers to inform their neighbourhood about the benefits of digital payments. Paytm platform is now available in 10 different regional languages - Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Oriya and Punjabi thereby resulting in a 5x traffic increase for the platform from smaller towns.
There is no doubt that Paytm is the easiest and most hassle-free payment system currently in the country. Paytm has increased its user base immensely over time, by taking more and more merchants on-board. With the emergence of digital payment scene in India, Paytm has become the most active participant in bringing the
Speaking on the announcement, Deepak Abbot, Snr. Vice President – Paytm said, “At Paytm, our goal is to help merchants and consumers transact digitally at zero extra cost. Reaching 200 Mn registered users and more than half a million users on a daily basis is a great showcase of the country’s trust in our payment solution and reaffirms our belief in the need for a quick and easy cashless payment method. Going forward, we would continue to drive strong consumer-focused innovation in the category to reach the widest set of merchants and consumers in India.”
With the indulgence of merchants like tolls, canteens, parking, healthcare and many other like these, Paytm has seen a huge growth in its business as well. It has also launched a 24*7 Merchant Helpline to assist merchants across India accepting payments using its cashless payment solution
Paytm has also participated in several unique initiatives to help the country’s SMB merchants by allowing them to start accepting digital cash at zero cost. Its ‘Each One Teach One’ initiative invited volunteers to inform their neighbourhood about the benefits of digital payments. Paytm platform is now available in 10 different regional languages - Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Oriya and Punjabi thereby resulting in a 5x traffic increase for the platform from smaller towns.
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