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Paytm is a Indian e-commerce payment method and electronic wallet firm. It was founded by Vijay Shekhar Sharma at August 2010 and can be located from Noida SEZ, India.
Paytm is offered in 10 Indian languages also provides online use-cases like cellular recharges, utility bill payments, traveling, films, and events reservations in addition to in-store payments at grocery shops, fruits and vegetable stores, restaurants, parking, tolls, pharmacies and education associations with all the Paytm QR code.
Now over 7 million retailers across India utilize this QR code to take payments directly into their bank accounts at 0 percent commission.
The provider rather uses advertisements and compensated promotional material to create earnings. The business has also established the’Paytm for Business’ program in over 10 regional languages, enabling these retailers to monitor their obligations and daily settlements handily.
In 2017, the business established the Paytm Payments Bank together with the intention to bring financial and banking services accessibility to half-a-billion un-served and under-served Indians.
The identical year, Paytm found an program for Canadian cell phone, cable, Internet, power and water bill payments. In 2018, it setup Paytm Money to construct wealth and investment management supplies for its own users. This company can bring lead mutual funds and also money-market capital into the Indian people.
In May 2018, an investigative journalism sting performance with a Indian news agency named Cobrapost revealed how PayTM utilizes their programs for compensated promotions.
Additionally, it revealed the way the BJP along with other right wing groups utilized it in 2018 and 2018 to overthrow the present prime minister Narendra Modi, and also to popularize hindutva and tropical themes by embracing them as exemptions to the Bhagavad Gita.
PayTM Vice President Sudhanshu Gupta also emphasized how PayTM could offer private data on readers to paid advertisers.
Article Source – Wikipedia