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    Paytm Payments Bank

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    saty16
    Paytm launched in 2010 as a prepaid mobile recharge platform and gradually expanded its services over the years. It became India's first payments app to cross 100 million downloads in 2017. That same year, Paytm launched Paytm Payments Bank, one of the largest and most profitable payments banks in India, due to its success in acquiring customers through diversified product offerings and financial inclusion strategies. The future holds new innovations and challenges as Paytm Payments Bank looks to continue its success.

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    Paytm Payments Bank

    Uploaded by

    saty16
    40 views1 page
    Paytm launched in 2010 as a prepaid mobile recharge platform and gradually expanded its services over the years. It became India's first payments app to cross 100 million downloads in 2017. That same year, Paytm launched Paytm Payments Bank, one of the largest and most profitable payments banks in India, due to its success in acquiring customers through diversified product offerings and financial inclusion strategies. The future holds new innovations and challenges as Paytm Payments Bank looks to continue its success.

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    Paytm launched in 2010 as a prepaid mobile recharge platform and gradually expanded its services over the years. It became India's first payments app to cross 100 million downloads in 2017. That same year, Paytm launched Paytm Payments Bank, one of the largest and most profitable payments banks in India, due to its success in acquiring customers through diversified product offerings and financial inclusion strategies. The future holds new innovations and challenges as Paytm Payments Bank looks to continue its success.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    40 views1 page

    Paytm Payments Bank

    Uploaded by

    saty16
    Paytm launched in 2010 as a prepaid mobile recharge platform and gradually expanded its services over the years. It became India's first payments app to cross 100 million downloads in 2017. That same year, Paytm launched Paytm Payments Bank, one of the largest and most profitable payments banks in India, due to its success in acquiring customers through diversified product offerings and financial inclusion strategies. The future holds new innovations and challenges as Paytm Payments Bank looks to continue its success.

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    of 1

    BANKING EDITION 76

    PAYTM PAYMENTS BANK ?


    JOURNEY OF PAYTM TILL PAYTM PAYMENTS BANK
    Added data card, In 2016, Launched movies, In 2017, Became
    postpaid mobile & In January 2014, India's first payment
    events & amusement
    landline bill it Launched the app to cross over 100
    parks ticketing, flight ticket
    payments in 2013. Paytm Wallet bookings & Paytm QR million app downloads

    Founded in August In 2015, Unveiled Registered user In 2017, Paytm


    more use-cases like base grew from launched the
    2010 as a prepaid
    education fees, Paytm Payments
    mobile and DTH 11.8m in 2014
    metro recharges,
    recharge platform to 104m in 2015 Bank.
    electricity, etc.

    Saving, salary, current a/c


    Rs. 29.8 cr.
    NACH Fastag
    Double its deposits PAT in FY’20 Over 45 L debit
    PRODUCTS Payments
    card transactions
    in savings accounts
    Paytm & Food Wallet
    Debit & ATM card to over Rs. 1k crore per month.
    CURRENT
    The Paytm payments bank is a success story as it is one of the SCENARI0
    largest profitable payments bank in India. This has been More than 485
    largely led by higher customer acquisition which is possible cr. transactions
    because of their diversification strategies and many other worth 4.6L cr.
    financial inclusion strategies. The future will be full of new
    innovations & challenges so let’s see how they will tackle
    them & continue to be successful payments bank.

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