PAYTM IPO CODE
In 2015 & 2016, they launched additional services such as the QR code for in-store payments and entertainment and flight ticketing, which helped expand the use cases where consumers could use Paytm.
During the initial crawling phase, they introduced products like the Paytm Wallet, the Paytm App with mobile top-ups and bill payments, and a payment gateway for merchants, which helped them to create a large customer base. They offer products and services to their consumers and merchants across payment services, commerce, cloud, and financial services. Overview of Paytmįounded in 2010, PayTm is an inspiration of Vijay Shekhar Sharma it commenced its operations with an initial investment of $2 million and back then was a platform for DTH & mobile recharge, which now is a platform for payments, insurance mutual funds services, railways, and air tickets platform and whatnot.
Looks like the industry is all set to grow, right? Now let's dive straight to the overview of Paytm itself. The result of the aforementioned projected growth is forecasted to be valued at US$ 40-50 trillion by the financial year 2026. These numbers are projected to more than double as the public begins to switch to digital payments as time passes due to increased security, convenience, and simplicity.Ĭovid-19 has been a major aspect in increasing the awareness towards digitization as the major provider of groceries, the “Kirana Stores”, directed by government regulations, had to switch to digital payments to maintain the necessities to remain contactless, making the online intermediaries more accepted in the Indian households. Overview of Digital PaymentsĪlthough India is still a majorly cash-driven economy, digital payments have gradually grown with around 43 billion transactions worth $20 trillion as of the financial year 2021. But should you invest in it or not? Let's find out. The biggest IPO in terms of market issues has already created a huge buzz. is once again knocking on our doors- this time not for an E-KYC but for the subscription of its IPO that is hitting the markets today. has been saving us when we forget our wallets. It's been more than a decade now that One-97 Communications Ltd. He is currently the managing partner of Elevation Capital.Ever left for the Diwali bonanza sale of your local market without your wallet? Wondering what to do?- suddenly, you hear the phrase "no worries ji Paytm Karo". Adusumalli holds a bachelor’s degree in economics and government from Cornell University. Ravi Chandra Adusumalli, is a Non-Executive Director of the Company and a nominee of SAIF and Elevation Capital on the Board. He was also associated with Deutsche Bank AG. He currently serves as a managing partner at SoftBank Investment Advisers. He has completed his master’s in business administration from Cornell University. Munish Varma, is a Non-Executive Director of the Company and a nominee of SVF on the Board. He has received multiple industry honours such as the ‘Entrepreneur of the Year’ award in 2018 by All India Management Association, ’Entrepreneur of the Year’ at ET Awards for Corporate Excellence’ in 2016 and ‘GQ Man of the Year’ in 2016. Sharma has featured in ‘2017 Time 100’, the list of ‘hundred most influential people in the world’ by Time magazine. Sharma is the founder of the Company and oversees the Company's key strategic efforts including engineering, design and marketing. He holds a bachelor’s degree in electronics and communications from the Delhi College of Engineering. Vijay Shekhar Sharma, is the Managing Director and Chief Executive Officer of the Company and the Chairman of the Board.
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