Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!
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.
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.
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.
Businesses and retailers consumers
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.
VALUATION / MARKET CAP:
$16 B in 2019
According to the third party news articles, the company has valued at $16 Bn in their latest funding round. (Nov 2019)
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.
BOARD MEMBERS AND ADVISORS
K. Guru Gowrappan
NUMBER OF EMPLOYEES
DATE OF LAST FUNDING
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