Paytm is an Indian multinational e-commerce financial technology and payment system company.
This App currently available in 11 Indian languages. It offers online use-cases like mobile recharges, events bookings, utility bill payments, travel and cinemas etc. The corporate also uses advertisements and paid promotional content to get revenues.
Paytm is owned by an Indian MNC by the name of One97 Communications Ltd.
Logo?
Founder?
Vijay Shekhar Sharma
Founded in August 2010 with an early investment of Two Million Dollars by its founder Vijay Shekhar Sharma in Noida.
Headquarters?
Headquartered in Noida (Uttar Pradesh), India.
CEO?
Vijay Shekhar Sharma
Varun Sridhar – CEO of Paytm Money
Website?
https://paytm.com/
Revenue?
Revenue: ₹3,629 crore (US$510 million)
Net Income: ₹−2,597 crore (US$−360 million)
As of January 2018, this company valued at $10 billion.
Number Of Employees?
Currently, this company believe to own an estimated 5,000 employees.
Number Of Users?
350 million users as per FY 2019.
Competitors?
Top competitors are companies like Google Pay, Phonepe, PayPal, Flipkart, FreeCharge, MobiKwik and Razorpay.
Works In Other Countries?
Yes, Paytm is an application that works over internet. If you’re an Indian Citizen and you’re in other countries currently, you’ll be able to do any bill payments of India.
What Is Paytm Payment Bank Account?
Payments Bank is offering Current and Savings accounts with a your debit card. The ability to form fast and straightforward payments. It’ll enable you to access a different type of economic services like Insurance, Loans, Mutual Funds offered by our partner banks with the seamless Paytm experience.
Is Payments Bank Safe?
Yes completely its safe. This App is PCI DSS compliant in terms of security. We never store customer’s CVV number to confirm their Debit and Credit Card info are completely safe. All payment transactions are done with 128-bit encryption SSL security.
Does Payment Bank Have IFSC Code?
The Payments Bank IFSC Code PYTM0123456 can even be utilized by a customer to feature money from another bank account to the Payments Bank Savings account. Money transfers will initiated through IMPS or NEFT.
How To Withdraw Money From Paytm Bank?
Follow below steps,
- Launch your Paytm App.
- Tap on Passbook.
- You see a transaction titled ‘Added to Paytm Account’ in case of refund.
- Tap on that transaction and you can see an option to ‘Return to Bank’
- Tap on ‘Return to Bank’ and the amount will sent to the bank from which the payment made.
Paytm Vs Google Pay?
When it involves the application GUI, Paytm is the clear winner. Starting with Google Pay, you don’t get a wallet facility just like the other two apps, therefore the money gets deducted directly from bank account during payments.
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