9 March 2016
4 - Million Merchants on Paytm Platform!Paytm claims it is doable this year. Let us hope they succeed and support the endeavour.
What is Paytm
Paytm is one of the eleven companies that were granted payment bank license by Reserve Bank of India. Paytm can now offer number of financial services to its users. It cannot lend money or issue credit cards. Paytm started as a prepaid mobile recharge website in 2010 under the aegis of its parent company One97. Now it is a a separate company. It was spun off in 2015. More than 100 million people currently use Paytm’s e-wallet to make online payments.
Founder: Vijay Shekhar Sharma
Alibaba Group has so far invested USD 890 million for 40% stake. Ratan Tata is also an investor.
4-million merchants on platform? Paytm claims it’s doable this year
9 March 2016
Payments Banks are Challenger Banks in India
KPMG Report in 2015
Paytm aims to bring a million small merchants online
To handhold them through support services
PAYTM STEPS INTO E-COMMERCE MARKET WITH THE LAUNCH OF NEW SELLER APP
Can Indian E Commerce Achieve it? 8 Million Merchants Online
Alibaba, China was founded in 1999. By 2014, they had 800 million people buying on their platform and 8 million merchants listed as sellers. They had revenues of $8 billion and $2 billion profit. The site had 60,000 transactions per minute.
Can we link our 600,000 villages using Ecommerce sites and create supply chains that go deep into the country and provide opportunity to every innovative person and enterpreneur?
Within a decade (by 2025), India’s consumption GDP will be $2.5 trillion, of which, 10% will be online
To create the most impactful digital commerce ecosystem in India, four focus areas require special attention – Digital payments, O2O & Omnichannel, Vernacular interfaces, and predictive analysis.
Updated 9 March 2016, 10 Jan 2016, 30 Oct 2015
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