Paytm (pay-tm in Hindi) is an Indian mobile payment service provider with its headquarters located in Noida, Uttar Pradesh. Owned and funded by One97 Communications as an affiliate of Alibaba Group. Paytm has an estimated market capitalization value of $5 billion.
In March 2015, the company received a tremendous boost when an affiliate of Alibaba Group acquired them.
It is an Indian company.
Paytm is an Indian company founded in 2010 as an online prepaid mobile recharge platform. A consumer brand of One97 Communications Limited, Paytm raised funding from Alibaba Group’s Ant Financial Services Group affiliate and has its headquarters located in Delhi NCR region of India.
The company provides an array of financial products and services, such as digital payments, e-commerce platforms and, mobile banking, loans, insurance policies; loan application processes are extremely straightforward; you can complete one from the convenience of your own home – with your loan amount arriving directly in your bank account within an instantaneous and ready for use any time in future.
Another popular service from the company is its online shopping portal, which enables users to shop anytime they choose and will send an SMS confirming their purchase. This service provides an ideal option for people on a budget or without the time or ability to go out shopping themselves.
Additionally, this company provides an array of other products and services. Their Wallet provides users with a safe way to store money online or bank through it; compatible with most banks, it can even be linked directly with mobile phones! In addition, there is round-the-clock customer support and various other services, such as movie ticket reservations and event ticket purchases, available through them.
It is a Chinese company.
Paytm is a payment service that allows users to make money transfers and store funds securely in their accounts. It has become an increasingly popular way of paying for goods and services worldwide, with locations across several countries providing access and a range of services. You may use Paytm to send money directly to friends and family; however, be mindful of some risks that come with this type of service.
Many people ask themselves whether Paytm is owned or controlled by China. Although Paytm is an Indian company, its investments come from Chinese sources like Ant Financial, which forms part of Alibaba Group – this does not indicate ownership by Chinese entities but suggests some assets might be under foreign management.
One97 Communications Limited is Paytm’s parent company and was established as an online mobile recharge website back in 2010. Headquartered in Delhi NCR and founded by Vijay Shekhar Sharma, most of Paytm’s revenue comes from China, even though most of its operations take place here.
If your funds are at risk, using an alternative UPI app such as BHIM — an Indian government-backed UPI service — might provide more security. With its many features like making cash deposits and withdrawals at bank ATMs, this could be just the solution you’ve been searching for!
It is a UPI service.
UPI services, or Unified Payment Interfaces, allow users to move money between bank accounts. Available in most countries and providing safe payment methods, UPI services are an efficient and secure method for those lacking cash on hand – particularly helpful when paying for items requiring physical receipts. But you should keep some essential points in mind before using such a UPI service.
One97 Communications is a UPI-based company offering mobile recharge, bill payment, and bus booking services worldwide. Headquartered in Noida, India, with over 200 million active customers globally – its main aim is to provide users with an exceptional user experience by giving them multiple benefits such as access while traveling overseas and the option of paying with various currencies.
Furthermore, their website is user-friendly and allows multiple devices to access it easily. Their security measures protect customer privacy, and their customer support representatives are available to answer queries or concerns from their customers. Lastly, there is also a mobile app that makes accessing accounts even simpler; users may even request refunds if their purchase was less than satisfactory.
It is a mobile recharge service.
Paytm is an Indian e-commerce company that specializes in mobile recharge, money transfer, and payment for goods and services online. Established in 2010 and based out of Noida, Paytm has over one million active users who take advantage of its services, which offer both English and Hindi versions.
Paytm’s app is easy and safe for transactions, enabling users to pay with bank accounts or debit cards, receiving instantaneous credits that they can use across any service that accepts payment through Paytm – whether that’s on web browsers, phones, or both!
Paytm has received funding from several sources, such as Mountain Capital and Taiwan-based MediaTek, among others. As a subsidiary of One97 Communications – which also operates WhatsApp and Hike services – Paytm received a massive stake from Alibaba Group, which was valued at $10 billion at the time of acquisition in 2015. Later, in 2016, movie/event ticketing and rail booking were added; Paytm now reigns supreme as India’s largest mobile payments platform with over 2 million registered users!