Paytm

neobanks / digital bankslicensed digital bankspaymentsmobile/digital walletbill payments

FOUNDING YEAR: 2010
LOCATION: India
Last Update: 19/01/2021

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About

Paytm is Indias largest payments company that offers multi-source and multi destination payment solutions. It offers comprehensive payment solutions to over 8 million merchants and allows consumers to make payments from any bank account to any bank account at 0% fee.Owned by Indias largest mobile-internet firm One97 Communications, Paytm was founded by Vijay Shekhar Sharma and is headquartered in the National Capital Region, India. Its investors include SoftBank, SAIF Partners, Alibaba Group and Ant Financial.

MEDICI Analysis

Paytm is a subsidiary unit of One 97 Communications. It is a mobile commerce and wallet platform that allows users to transfer money, do mobile top-ups and pay utility bill payments, and also allows users to make online purchases. In March 2017, Paytm started bill payments and rewards solutions for Canadain users. In November 2017, the company launched a Paytm Payments Bank, a separate business entity after receiving payments bank license from RBI.

Focus

PRODUCTS & SERVICES

Mobile wallet, QR code based POS payments and Payments Bank for Merchants & Individuals. Mobile wallet: It is integrated with multiple partners to provide bill payments and mobile recharges. Bill payment options - Postpaid mobile, DTH, Data card, Landline, Gas, Insurance, Water. It also provides e-commerce services - online fashion and retail outlet; ability to buy bus tickets, rail tickets, movie tickets, etc. It aims to provide a simple interface for customers and merchants to handle commerce activities.

REVENUE MODEL

PayTm generates its revenue from multiple sources. Ex.: Commissions charged to commerce merchants (~1-2%) for processing; advertisement revenues from merchants, and coupon providers; commissions (~0.5-1%) from telcos based on the size of the recharge operation. It is looking at expanding its services with the expected launch of payments bank which could further diversify its source of revenue.

MAIN CLIENTS

Businesses and retailers consumers

EXISTING PARTNERSHIPS

CCD

Domino's

IRCTC

Key Hotels

Indian Oil

Dish TV

Uber

PVR

COMMENT

The company aims to be the wallet of choice for customers by way of its expanding partnerships and services in multiple segments (from recharges, bill payments to travel tickets and now moving into payments bank services). It also aims at improving digital payment acceptance option in the tier-2 and tier-3 locations of the country.

Traction

VALUATION / MARKET CAP:

$16 B in 2019

VALUATION COMMENT:

According to the third party news articles, the company has valued at $16 Bn in their latest funding round. (Nov 2019)

COMPANY TYPE:

For Profit

REVENUE COMMENT:

FY20 revenue of the company has increased to Rs. 3,629 crore, overall transactions have grown by over 50%.

TRANSACTIONS COMMENT:

The company is claiming over 8 million transactions daily on the platform (Apr 2017).

ACTIVE USERS COMMENT:

Paytm claims that it has more than 450 Mn registered users and the monthly active users are 140 Mn in 2019. The company is planning to cross 250 Mn monthly active users by March 2020.

TRACTION COMMENT:

- India‚'s largest payment network with more than 17 million merchant partners. - Paytm Payment Bank Limited is the largest issuer of FASTags, with over 47 lakh units issued till now. - Leader in payment gateway industry with over 50% market share. - Over 1.4 crore All-in-One QR codes used by merchants.

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

8

TOTAL FUNDING

$3.35 B

DATE OF LAST FUNDING

Nov 2019

IPO STATUS

Private

ESTIMETED REVENUE RANGE

Less than $1M

FUNDING SERIES

SERIES A  · ---  · Jan 2014

SERIES B  · $560 M  · Aug 2016

SERIES C  · $1.4 B  · May 2017

SERIES D  · $354.02 M  · Aug 2018

SERIES G  · $1 B  · Nov 2019

OTHERS  · $32.45 M · Feb 2017

LISTED

NO

company provided insights

Acquisitions

ACQUIREE NAME

Balance

ANNOUNCED DATE

Aug 2018

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

13,887,147

AVERAGE VISITS (6 MONTHS)

19,844,762.62

MONTHLY VISITS GROWTH

22.2%

VISIT DURATION

229

VISIT DURATION GROWTH

-1.22%

PAGE VIEWS VISIT

3.47

PAGE VIEWS VISIT GROWTH

-2.99%

BOUNCE RATE

41.73%

BOUNCE RATE GROWTH

0.33%

GLOBAL TRAFFIC RANK

3,684

MONTHLY RANK CHANGE

-1,140

MONTHLY RANK GROWTH

-23.63%

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