Key Events from the History of Paytm
This financial system was launched in August 2010 by an entrepreneur who wanted to change the way Indians recharge their smartphones. PlayTM was launched as a standard phone recharge and bill payment system to help people recharge their personal mobile gadgets and pay utility bills using their phones.
Paytm guides is now the leader in digital payments in India. Realizing the great promise of e-payments, in 2013 the company expanded its range of services by introducing an e-wallet. This was an important point in the company's progress as it allowed users to store money digitally and make quick payments for a wide range of products, including online purchases, ticket bookings and various other things. The e-wallet was quickly able to gain popularity and became the preferred payment method for millions of Indians.
The year 2016 was a watershed year for Paytm and the overall digital financial payments industry in India. The local government's initiative to demonetize high denomination bills led to a surge in digital payments, and Paytm became a leader in this new era of remote transactions. The firm has capitalized on the emerging opportunities by steadily growing its user base and partner network. You can read more about paytm apple on the portal.
Not forgetting its great success as a platform for electronic payments, Paytm has expanded its existing offerings to include a wide range of financial services. In 2017, the firm launched a convenient mobile bank that helps customers open deposit accounts, order plastic cards and earn interest on deposits. Such a move positions the company as an advanced financial services provider catering to the diverse needs of users.
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