Paytm

Not to be confused with Paym.

Paytm
Company typePublic
ISININE982J01020
Industry
FoundedAugust 2010; 14 years ago (2010-08) in New Delhi, India
FounderVijay Shekhar Sharma
Headquarters
Noida, Uttar Pradesh
,
India
Areas served
Worldwide
Key people
  • Vijay Shekhar Sharma (CEO)
Products
Services
RevenueIncrease ₹9,978 crore (US$1.2 billion) (FY24)[2]
Increase ₹559 crore (US$67 million) (FY24)[2]
Decrease ₹−1,423 crore (US$−170 million) (FY24)[2]
Owners
ParentOne97 Communications
Websitepaytm.com

Paytm (an acronym for "pay through mobile") is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida, India.[4] Paytm was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. The company offers mobile payment services to consumers and enables merchants to receive payments through QR code payment, Soundbox, Android-based-payment terminal, and online payment gateway.[5] In partnership with financial institutions, Paytm also offers financial services such as microcredit and buy now, pay later to its consumers and merchants.[4]

Apart from bill payments and money transfer, the company also provides ticketing services, retail brokerage products and online games.[6][7][8]

Paytm's parent company One97 Communications was listed on the Indian stock exchanges on 18 November 2021 after an initial public offering, which was the largest in India at the time.[9] For the fiscal year 2022–23, Paytm's gross merchandise value (GMV) was reported to be ₹13.2 lakh crore (US$160 billion).[10][11][12][13]

  1. ^ "Paytm's gaming platform Gamepind rebranded as FirstGames". Business Today.
  2. ^ a b c "Earnings Release - For quarter and year ending March 2024" (PDF). BSE. One97 Communications Limited. Retrieved 29 June 2024.
  3. ^ "Adani Group among potential suitors Vijay Shekhar Sharma likely engaged with to buy stake in Paytm parent - CNBC TV18". CNBCTV18. 29 May 2024. Retrieved 29 June 2024.
  4. ^ a b "Outcome of Board Meeting – Financial Results for the quarter and nine months ended 31 December 2021" (PDF). bseindia.
  5. ^ Ganguly, Payal. "Paytm promotes SVP Kiran Vasireddy to the position of COO". The Economic Times. Retrieved 4 April 2018.
  6. ^ Modi, Ajay (9 January 2019). "Paytm Travel eyes top spot in online bus, flight ticket bookings". Business Standard India. Retrieved 6 June 2022.
  7. ^ "Equity investing: Paytm Money app gaining traction". www.thehindubusinessline.com. 19 July 2021. Retrieved 6 June 2022.
  8. ^ Bhalla, Tarush (20 May 2020). "Paytm First Games goes international, eyes expansion in South Asian market". mint. Retrieved 6 June 2022.
  9. ^ "Paytm files for India's largest IPO, eyes $25 bn-$30 bn valuation". Business Standard.
  10. ^ "Paytm Q4: Fintech Giant Reports Revenue of ₹2,334 cr". HT Tech. 6 May 2023. Retrieved 7 September 2023.
  11. ^ Staff Writer (1 April 2021). "Paytm achieves over 1.4 bn transactions in Mar, leads digital payment services". Mint. Retrieved 12 May 2021.
  12. ^ "Untangling Paytm". Business Today. Retrieved 7 December 2021.
  13. ^ Dsouza, Sharleen (18 September 2020). "Flipkart, Paytm Now Among India's 10 Most Valuable Brands, HDFC Bank Still No. 1". BloombergQuint. Retrieved 28 March 2022.