One97 Communications Ltd. (Paytm)
The Indian e-commerce market is expected to have a gross merchandise value of US$ 350 billion by 2030.
Paytm, One97's flagship brand, is India's largest digital goods and mobile commerce platform - inspired and driven by a commitment to great consumer experience. Paytm is also a leading payment solutions provider to E-commerce merchants through its RBI approved semi-closed wallet. One97 delivers mobile content and commerce services to millions of mobile consumers through India’s most widely deployed telecom applications cloud platform. Headquartered in New Delhi, One97 is more than 4,500 people strong with regional offices in Mumbai, Bengaluru, Pune, Chennai and Kolkata and global presence across Africa, Europe, Middle East, and Southeast Asia.
- India’s largest digital payments company
- Over 4,500 employees
- India's largest digital goods and mobile commerce platform
- Total revenue from operations of One97 Communications Ltd. (Paytm) stood at US$ 296 million in Q1 of FY24
One97 Communications Ltd. (Paytm) – Paytm Karo
| Year | Milestone |
|---|---|
| 2023 |
As of August 2023, Paytm Payments Bank recorded over 50 million UPI Lite transactions so far, with over 9 million users. In June 2023, One97 Communications Limited (OCL), the parent of Paytm, announced a partnership with the largest retail NBFC in India, Shriram Finance Limited to offer financial services to its users including loan products. In May 2023, One97 Communications Limited (OCL), the parent of Paytm, announced that it has partnered with India’s largest pure-play credit card issuer SBI Card, to launch Paytm SBI Card on the RuPay network. One97 Communication, the parent of Paytm, informed that the loan disbursals on the platform rose 253% year-on-year (y-o-y) to US$ 1.53 billion (Rs. 12,554 crore) in January-March of 2023. One97 Communications announced that it has signed a memorandum of understanding with the Andhra Pradesh government to drive initiatives in financial inclusion, public health, and cyber security. In March 2023, Paytm launches a new payments platform powered by 100% indigenous tech that would be able to scale payments by 10 times in India. In March 2023, Paytm Payments Bank, the largest issuer of KYC wallets (prepaid instruments) with over 100 million users announced that its full KYC wallet customers will be able to make payments on every UPI QR codes and online merchant where UPI payments are accepted. In February 2023, Paytm Payments Banks Limited (PPBL) has launched UPI LITE, enabled by National Payments Corporation of India for multiple small-value UPI transactions. In January 2023, Paytm becomes the authorised partner of IRCTC to simplify train travel. |
| 2022 |
In April 2022, Paytm becomes official digital payments partner for prime ministers' museum. The Prime Minister of India, Mr. Narendra Modi inaugurated the 'Pradhanmantri Sangrahalaya and bought the first ticket to the museum through Paytm electronic data capture machine. |
| 2021 |
In September 2021, Paytm received >5.45 lakh shares from ~20 employees for monetisation in its upcoming IPO. In September 2021, Ria Money Transfer partnered with Paytm Payments Bank to enable real-time international remittances into Paytm’s mobile wallet. In September 2021, Paytm Money launched the first-of-its-kind F&O dashboard in India. The dashboard offers tools that were previously available only to institutional-level clients. Paytm registered 430.04 million transactions in April 2021 |
| 2020 |
PayTM Money, a wholly owned subsidiary of PayTM, launched IPO investment services in November. The Paytm interface will allow investors to apply for IPOs through their UPI IDs, which is linked to bank accounts, and can change, cancel and resubmit their bids. It will also be equipped to track upcoming IPOs, view company details, download prospectus and check performance of the past primary market offerings. In November, PayTM and Marg ERP entered a joint venture to launch an integrated payments solution, called MargPay, for MSMEs. The solution is aimed at solving the problem of payment reconciliation across multiple service platforms such as Net Banking, UPI payments, Mobile Wallets and cards. In September 2020, Paytm launched ‘Paytm Subscriptions’, a subscription service, for businesses across the country. Paytm has partnered with Alibaba-owned online marketplace Daraz to launch a new gaming app in Bangladesh - Daraz First Games Paytm First Games entered into a strategic partnership with Esports Players League Paytm received IRDAI licence to enter insurance business |
| 2019 |
Launched all-in-one QR for merchants across India Paytm logged 400 million plus transactions a month |
| 2018 |
In November 2018, One97 Communication Ltd crossed Rs. 98168.25 crore (US$ 14.25 billion) in valuation Paytm entered Japan as PayPay through a joint venture (JV) with SoftBank Corporation and Yahoo Japan Corporation |
| 2017 |
Paytm crosses 200 million wallets. Paytm wins Best Digital Wallet award at the 11th IAMAI India Digital Summit. |
| 2016 |
Paytm wins the Mobile Wallet Provider of the Year Award in the B2C category at the Frost & Sullivan Awards Ceremony. |
| 2015 |
IRCTC, that handles the catering, tourism and online ticketing operations of the Indian railways, added Paytm as one of the payment options 50 million wallet s registered on Paytm and Paytm ties up with Uber. |
| 2014 |
Launched Semi closed wallet and reached a mark of 22 million registered customers. Launched Paytm marketplace |
| 2013 |
Adopted Immediate Payment Services (IMPS) as a new payment method |
| 2012 |
Launch of ticket and bills vertical in Paytm. |
| 2010 |
Launches Paytm as an online recharge portal. |
| 2001 |
One97 launched. |
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