B. TiffneyComputer Engineer, M. Tech, Southeast Montgomery
Computer Engineer, M. Tech, Southeast Montgomery
Answered on May 23, 2019
Paytm is the abbreviation for Pay Through Mobile. It is an e-commerce company in India. The company was founded in 2010 by Vijay Shekhar Sharma. The goal of the company is to ensure and improve mobile payment system in India. The world is changing at a very faster rate, meaning most things are now being done in a faster rate.
With Paytm you don't need to go to bank before you can do some transactions. Most of the transactions can be easily done through your mobile phones. The company already has about 90 million registered users with about 50 million monthly transactions. Smart digital payment method is also available when using Paytm.
There are about 13,000 direct employed workers in Paytm. Paytm is a great company which has helped Indians conquered the untold problems people face when doing transactions in bank.
Paytm is an acronym for Pay through mobile. It is an e-commerce company founded in 2010 and the company is based in India with the mission to create a mobile payment system for India, the founder of Paytm started the scheme with about $2 million investments. It started out with utility bills payment and mobile recharge and today, Paytm is one of the biggest e-commerce shopping website in India. Paytm can boast of about 100 million registered users.
Within a very short period of time, it has been to have about 55 million transactions per month. With Paytm, smartphone users can easily make their transaction on their phone and this is because India is expanding her move towards achieving a cashless society. The founder of Paytm is Vijay Shekhar Sharma and the company has about 13,000 workers and other three million merchant across India. Paytm also ensures a smart digital payment method for its users.
The full form of PAYTM is Pay Through Mobile. The main purpose of this is to make sure that a mobile payment system for India will be made available to the people who may be in need of this. This is founded by Vijay Shekhar Sharma. This digital wallet company may have started small but over the years, it has managed to become bigger and better than ever.
There are 7 million merchants all over India who take direct payments through this payment system so that the money will go straight to their bank accounts. This also allows people to transfer cash from one account to another if needed.