Why is Paytm famous?

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Why is Paytm famous?

Paytm – Rules the World of Digital Transactions with its Simple and Secured Payments. Paytm is one of the oldest digital payment apps, which has brought about a watershed moment in the history of payments in India. The company encourages payments through mobile with its famous tagline ‘Paytm Karo. ‘

How is Paytm different from others?

Paytm is an e-wallet But Paytm is different. It doesn’t use UPI, or at least primarily it doesn’t. When you user installs Paytm, he or she also has to create a Paytm account. This account then becomes an e-wallet where certain amount of money (the monthly limit for regular users is Rs 20,000) can be kept.

Who is competitor of Paytm?

Paytm’s top competitors include PayPal, MobiKwik, Flipkart, FreeCharge, Ant Financial, Kudelski and Redington.

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Is Paytm the market leader?

The issue ranges from high valuation to intense competition. Nearly 75\% of the promoters of Paytm are from other countries and are selling shares worth ₹10,000 crore, which is more than 50\% of the issue. Paytm is not a market leader in any business it operates in.

How popular is PayTM?

Paytm has close to almost 10 crore users in India, making it the most popular digital wallet among users. Paytm Wallet offers you everything that you are looking for in a digital wallet and that is what makes it the favourite among the users.

How PayTM can improve?

Hence, in order to increase its revenue, PayTM needs to increase the number of transactions happening at goods/ services end or the volume of existing transactions, since PayTM charges percentage commission on transactions. In addition, more money people store in PayTM wallet, more it will earn from interest.

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What is unique about Paytm?

Paytm’s unique selling proposition, which it probably hopes will help it win despite the intense competition, is that it is offering the “lowest brokerage”. The company charges investors just Rs 10 ($0.13) for each future and options trade, nearly half of its popular rivals.

Is Paytm profit making?

The report states that Paytm has been a cash-burning machine, spinning off several businesses with no visibility on achieving profitability. The analysts mention that the company has drawn in equity capital of ₹19,000 crore since its inception, of which nearly 70\% (₹13,200 crore) has gone towards funding losses.