India's One of the Best Mobile Payment App in 2020 - Success Story Of Paytm-getinstartup

India’s One of the Best Mobile Payment App in 2020 – Success Story Of Paytm

Paytm is one of the best mobile payment app. An e-commerce website that enables its users to pay through online mode. It provides us with services to pay online using mobile numbers for various things like mobile recharge, book movie tickets, online shopping, pay electricity bills, book airline tickets, etc. Paytm provides its services in 11 languages. Nowadays, everyone has Paytm on their mobile phones, and Paytm is now becoming the only source of payment in India. So without further ado, let me start “India’s One of the Best Mobile Payment App in 2020 – Success Story Of Paytm”.

About the Founder

India's One of the Best Mobile Payment App in 2020 - Success Story Of Paytm-1-getinstartup
https://scroll.in/article/915756/paytm-is-racking-up-heavy-losses-hows-its-founder-vijay-shekhar-sharma-getting-richer-by-the-day

Vijay Shekhar Sharma founded Paytm in the year 2010, who is currently the CEO of Paytm. He struggled a lot in his life due to his bad English skills, but he didn’t stop.

He did his graduation from Delhi College of Engineering. Unlike, Others he was not interested in being placed. Rather he started a company called ‘x-communication’.

He came up with the idea of Paytm and personally put $2M, and now we can see where Paytm stands. This is how it begins with the success story of Paytm.

Success Story of Paytm

The Expansion of Paytm

Paytm has a span of over 8 years and more than 250 million registered users.

There are various investors like Alipay, Alibaba groups, and Silicon Valley Bank which contributed to Paytm. Paytm then later launched Paytm wallet.

 It also provides a Reserve Bank Of India(RBI) approved e-wallet and payment gateway for Indian railways.

Then year after year, It stretched its development in all directions, which includes flight tickets, events, movies, railway booking, Paytm payment banks, Paytm gold, gift cards, and Paytm QR, which majorly contribute to the success story of Paytm.

The largest digital bank of India is Paytm bank, which holds more than 58 million users. Paytm has also launched its access to Stock Broking and National Pension System.

Effects After Demonetization

India's One of the Best Mobile Payment App in 2020 - Success Story Of Paytm-2-getinstartup
https://blog.forumias.com/rbis-demonetization-data-report/

After demonetization did by our honorable Prime Minister Shri Narendra Modi Ji, the use of Paytm began at a faster rate.

Due to the crisis of low cash flow. People turned their attention to Paytm, which gave them a new and handy way out.

Demonetization was then the new success story for Paytm. Paytm became one of the primary sources to run the economy. In fact, it helps Paytm to register more than 100 million users.

Success and Achievements

1. In 2017, it won the Diamond SABRE award for the company of the year in the SABRE award.

2. In 2017, it also won the gold SABRE award for financial professional services.

3. In 2017, it also won the diamond SABRE award in reputation management.

4. GQ recognized Mr. Vijay Sharma as the 50 most influential young Indians.

5. Mr. Sharma has also been recognized as a data quest person of the year.

6. In 2017, he also won at entrepreneur Indian awards.

7. At The Entrepreneur’s Moneytech Awards 2017, Vijay Shekhar Sharma was recognized as the Entrepreneur of the Year.

8. Vijay Shekhar Sharma was listed in the 2017 Time 100 List of Most Influential People in the World.

India’s One of the Best Mobile Payment App

India's One of the Best Mobile Payment App in 2020 - Success Story Of Paytm-3-getinstartup
https://blog.paytm.com/a-few-key-facts-about-your-paytm-account-6bc71f0c207?gi=5e28453dd9a7

For the first time in India, Paytm became the payment app. In 2020, it was regarded as India’s One of the Best Mobile Payment App in 2020. Paytm can only be used in regions of India only.

It could handle 5000 transactions per second. Everybody is now trusting Paytm due to its secured transactions.

Through Paytm, users can pay at 0% charge. Paytm system uses secure sockets layer technology to guard the security of its users. It is not only secure but also robust.

Paytm is at an all-time high with 10 million monthly transactions. The company started at a very slow pace. Now managed to become what it is right now and still playing in profits.

Hope you love my article “India’s One of the Best Mobile Payment App in 2020 – Success Story Of Paytm“.

For more articles, you can refer to the links given below.

  1. 8 Best Ways To Promote Your Startup In India for free – 8 Ways That Every Entrepreneur Should Know
  2. 7 Key Success Factors of Entrepreneurship – Every Entrepreneur Should Know

17 Thoughts to “India’s One of the Best Mobile Payment App in 2020 – Success Story Of Paytm”

  1. Jaspreet Kaur.

    Veryyyy….baoooo😃😃😃

  2. Damanpreet

    Good work👍

  3. sonal khattar

    nice work!
    keep it up!

  4. Amandeep

    Keep it up 💯

  5. Deepanshi

    Nice work👍

  6. Mr random

    To the point 📈🔥

  7. Kartikey Sharma

    Very informative.
    Great work!!

  8. Arihant shokeen

    Good job rownak 👍🤗🤗

  9. Suryansh Bansal

    A good one

  10. Suryansh Bansal

    A good one
    Seem as if we are observing the story in real

  11. PAWAN KUMAR BANSAL

    Very nice… Keep it up

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