![disable scanner in paytm app andorid disable scanner in paytm app andorid](https://s.cafebazaar.ir/1/upload/screenshot/com.sefaresh.net.ipanel3.jpg)
Slowly it unveiled more use-cases and included metro recharges, water, electricity, gas bill payments, education fees, movie tickets booking, events and amusement parks ticketing, flight tickets booking and so on. The company spearheaded its performance and registered a user base of 104 million in August 2015, as against its earlier record of 11.8 million during August 2014. Later, the firm launched its e-commerce with online deals and bus ticketing broadening its area of service to its customers. Initially, it started as a prepaid mobile and DTH recharge platform and later it added postpaid mobile recharge, data card, landline bill payments during the year 2013.ĭuring January 2014, the Paytm successfully launched the Paytm Wallet and got a boost as even the Indian Railways and Uber added it as a payment option to promote e-commerce payments in India. The company was initiated in August 2010, with an initial investment of $2 million. Paytm was founded by Vijay Shekhar Sharma.
![disable scanner in paytm app andorid disable scanner in paytm app andorid](https://offercdn.paytm.com/blog/2018/11/banner.png)
On Twitter, Facebook, and Instagram.Paytm is one of the Indian e-commerce payment system and a financial technology company whose headquarters is located in Noida, Uttar Pradesh. An expected moderation in the high-margin wallet business could lead to sustained pressure on revenue growth especially in the payments business, he said.įollow HT Tech for the latest tech news and reviews, also keep up with us The company’s path to profitability could be through accelerating lending, commerce and cloud services as well as cutting down on marketing expenditure, said Anand Dama, head of research for banks and financial institutions at Emkay Global Financial Services. “Lending and advertising in particular are contributing significant amount of high margin monetization,” Sharma said, even as he acknowledged competition in those businesses. Paytm said its financial services segment saw higher revenues and profitability after volume growth, its commerce business which includes stock trading, airline and movie ticketing have bounced back, and increased uptake of cloud services has boosted advertising revenue. “Paytm is in both the consumer lending and merchant lending, we have a two-sided opportunity.” “India has a large opportunity for credit and the scale-up can be huge from where we stand today,” said Bhavesh Gupta, head of the company’s lending division, on the Saturday call. Still, fintech companies have struggled to make digital transactions remunerative in India’s vast electronic payments sector, particular in the consumer market where Paytm’s rivals include Alphabet Inc’s Google Pay, Inc’s Amazon Pay and Walmart Inc’s PhonePe. Paytm has over 335 million users who utilize its platform to make payments and transfer money. It snagged heavyweight backers including Masayoshi Son’s SoftBank Group Corp, Warren Buffett’s Berkshire Hathaway and Jack Ma’s Ant Group while growing into the country’s most-recognized payments brand. Sharma founded One97 two decades ago and began offering digital payments in 2014. Paytm raised $2.5 billion in its IPO but its debacle of a debut made it one of the worst initial showings by a major technology firm since the dot-com bubble era of the late 1990s.
![disable scanner in paytm app andorid disable scanner in paytm app andorid](https://i.gadgets360cdn.com/large/How_to_block_UPI_1626440527190.jpg)
It will have to ensure that productivity starts showing up in earnings going forward.” “It is a big brand and it is important they create synergies between businesses. “It is in the growth phase so costs will remain high but it will have to draw a line on how much cash they can burn,” Bathini said. Ltd, said Paytm’s numbers didn’t appear immediately encouraging. Kranthi Bathini, an equity strategist with WealthMills Securities Pvt. “We are fully committed to head down and execute and deliver great results quarter-on-quarter, year-on-year forward on that,” Sharma said in his opening comments. Contribution margins jumped “with clear trends towards continued year-on-year improvements,” he said in the presentation that was later filed to stock exchanges.Ĭhief Executive Officer Vijay Shekhar Sharma highlighted the company’s ramp-up in the key segment of lending - an important and fast-growing market in credit-starved India, where digital fintechs such as Paytm are serving millions of consumers and merchants. “Strong momentum in revenue growth will continue,” Chief Financial Officer Madhur Deora said on the call. Revenue rose more than 60% in the same period, boosted by growth in financial, commerce and cloud services. Over the weekend, One97 reported losses widened to 4.74 billion rupees in the July-to-September quarter from a year ago amid rising expenses.