Paytm case study
- 1. One97 Communications Limited Indian electronic payment and e-commerce company
- 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
- 3. Services Mobile Recharge Online Shopping Payment system Digital Gold
- 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