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How is PayTM growing?
The digital payments and financial services platform saw its revenue from operations grow by 64\% Y-o-Y to ₹10.9 billion in Q2 FY 2022, driven by 52\% growth in non-UPI payment volumes (GMV) and more than 3 times growth in financial services and other revenue.
Was PayTM a startup?
As of 2020, Paytm is valued at US$16 billion. As per the company, more than 2 crore merchants across India use their QR code payment system to accept payments directly into their bank account….Paytm.
| Paytm headquarters in Noida. | |
|---|---|
| Founded | August 2010 in Noida, Uttar Pradesh, India |
| Founder | Vijay Shekhar Sharma |
Is PayTM a startup or a company?
Paytm – Company Highlights
| Startup Name | Paytm |
|---|---|
| Industry | FinTech |
| Founders | Vijay Shekhar Sharma |
| Founded | 2010 |
| Total Funding | $3.54 billion |
What framework does Paytm use?
Technology Stack of Paytm. Hazelcast is a distributed In-Memory Data Grid platform for Java. The architecture support… Apache Drill is an open-source software framework that supports data-intensive distributed…
What is GMV in Paytm?
Paytm refers to GMV as the value of total payments made to merchants through transactions on its app, through Paytm payment instruments or through its payment solutions, over a period. It excludes any consumer-to-consumer payment services such as money transfers.
Which startup is best in India?
Here are the top 10 start-ups in India:
- Unacademy. An e-learning start-up, Unacademy was founded in 2015 in the Indian city of Bengaluru.
- Udaan. An internet portal founded in Bengaluru in 2016, Udaan enables B2B trading for small and medium businesses in India.
- CRED.
- upGrad.
- Razorpay.
- Meesho.
- Skyroot Aerospace.
- boAt.
How did Paytm start Quora?
Paytm was founded in August 2010 with an initial investment of $2 million by its founder Vijay Shekhar Sharma in Noida, a region adjacent to India’s capital New Delhi. It started off as a prepaid mobile and DTH recharge platform, and later added data card, postpaid mobile and landline bill payments in 2013.
What is Paytm Gateway?
Payment Gateway is a service which processes payments via Debit/Credit Card, Wallets, NetBanking, EMI and UPI for merchants from their customers. Read more about Paytm Payment Gateway here.
How is the owner of Paytm?
Vijay Shekhar Sharma
Paytm founder and chief executive Vijay Shekhar Sharma told employees in a town hall that they need not read too much into the criticism of its business model after its shares crashed on listing last week, and that the company in its history has never had anything easy up front.
Is Paytm India’s most valuable startup?
Last month, it announced $2bn in fundraising, half in equity and half in debt, from stakeholders including Alibaba-backed fintech Ant Financial and Japan’s SoftBank, which together own about 60 per cent of the company. Vijay Shekhar Sharma, Paytm’s founder, declared that the company is now worth $16bn, making it India’s highest valued start-up.
Is Paytm India’s answer to PayPal?
Sign up to myFT Daily Digest to be the first to know about Paytm Mobile Solutions Pvt Ltd news. Often heralded as India’s answer to PayPal, the Indian payments start-up Paytm is backed by some of the biggest names in tech.
What is the history of Paytm?
The saga and the emergence of the paytm is discusssed in this section of the case study of Paytm. It was established in August 2010 with underlying speculation of $2 million by its originator Vijay Shekhar Sharma in Noida, an area nearby India’s capital New Delhi.
What is the expected future growth of Paytm?
Expected Future Growth Of Paytm Expected Growth Of Paytm. Computerized installments organization Paytm said it is looking to dramatically increase its exchange volume to 12 billion by part of the arrangement, from 5.5 billion out of 2018-19. Paytm checked 2.5 billion exchanges in 2017-18.