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What is Paytm and its features?

Posted on September 4, 2022 by Author

Table of Contents

  • 1 What is Paytm and its features?
  • 2 What is the business model of Paytm?
  • 3 Why do you want to join Paytm?
  • 4 What is the revenue of Paytm?
  • 5 What is Paytm and how does it work?
  • 6 What is Paytm’s strategy in the IPL?

What is Paytm and its features?

The features of Paytm App are as following: You can make payment to merchants through their mobile number, scanning OR code or using the e-commerce platform of Paytm. You can send and receive payments 24X7. You can recharge your Paytm wallet through credit card, debit card, net banking and UPI ID as well.

What services does Paytm offer?

Paytm serves as a payment gateway to customers and merchants to make seamless payments from cards, bank accounts and other e-wallets. Paytm also provides a range of payment facilities, such as mobile recharges, bill payments, movie tickets, taxi, train and flight tickets, loan payments, insurance, forex, etc.

Who is the target audience of Paytm?

Paytm targets young individuals transacting on food, cabs, and services to families purchasing clothes, furniture, and more.

What is the business model of Paytm?

Paytm’s revenue is being driven by payment and financial services, which now contribute around 77\% of its total revenue, according to the filings. Sharma said the company will continue to focus on the broader financial services business instead of just one or two specific payments businesses.

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What is Paytm full form?

Paytm (a partial abbreviation for “pay through mobile”) is an Indian multinational technology company that specializes in digital payment system, e-commerce and financial services, based in Noida.

What is the full form of UPI?

A Unified Payment Interface (UPI) is a smartphone application that allows users to transfer money between bank accounts. It is a single-window mobile payment system developed by the National Payments Corporation of India (NPCI).

Why do you want to join Paytm?

The organized environment provides growth and learning with other people. The company has an agile culture. Work culture is different yet easy to adopt. Team building and leadership skills can be developed well while working in Paytm.

What is the disadvantage of Paytm?

1. Customer support is not up to the expectation 2. Its most felxiblewith high-speed mobile internet connection 3. There are certain charges applicable to transfer money form paytm wallet to another account 4.

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What is the tagline of Paytm?

The company’s vision tagline is ‘Paytm Karo’. The company is on a mission to bring half a billion Indians into the mainstream economy through payments, commerce, banking, investments, and financial services.

What is the revenue of Paytm?

31.88 billion INR (US$420 million, 2021)
Paytm/Revenue

What is the profit of Paytm?

Paytm Q2FY22 sales up 64\% yoy on non-UPI payment volumes jump; contribution profit grows 592\% to Rs 2.6 billion. One 97 Communications Limited (Paytm) on Saturday reported 64 per cent year-on-yaer (Y-o-Y) growth in its revenues at Rs 10.9 billion for Q2 FY22, the company informed in its exchange filing.

What is Paytm number?

0120-4606060
Paytm 24*7 Customer Helpline Numbers

Bank, Wallet & Payments 0120-4456-456
Paytm Mall Shopping Orders 0120-4606060
Travel and Hotels 0120-4880-880

What is Paytm and how does it work?

PayTm is an ecommerce website that offers India’s largest mobile payment service platform. It’s called “PayTm Wallet” and it has over 40 million users. This wallet has gained a lot of popularity because it’s convenient, easy to use and offers excellent amount of satisfaction to its users.

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What is the pricing strategy in Paytm marketing strategy?

Below is the pricing strategy in Paytm marketing strategy: Paytm is a free to use service as it is a medium through which customers can make payments for the other services which they avail. The foundation of payment was because of series of investments they received.

What is the valuation of Paytm 2020?

As of 2020, Paytm is valued at $16 billion. As per the company, more than 20 million merchants across India use their QR code payment system to accept payments directly into their bank account. The company also uses advertisements and paid promotional content to generate revenues.

What is Paytm’s strategy in the IPL?

Paytm was an associate sponsor of IPL and got 120 seconds of airtime during each of the 60 matches of the tournament & sponsor of BCCI. This was planned with Paytm’s target market in mind, since the brand needed to reach a mass audience. The strategy was to establish the brand image through offline and push the promotions through online.

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