Paytm IPO| One 97 Communications Ltd

About Company - Paytm

One 97 Communications Ltd is one of the leading digital payment platforms providers in India with 333 million customers and over 21 million merchants. The company offers a variety of services including payment services (make and receive payments), commerce and cloud services (ticketing, travel, entertainment, food delivery, etc.), and financial services (i.e. lending, mobile banking, insurance planning, and wealth management).

Its "Paytm App" digital payment platform (launched in 2009) has a strong brand presence and is one of the most valued brands in India. The app enables customers to do cashless transactions by making payments using their mobile phones. People can use the Paytm app to pay bills, top-ups their phones, buy insurance, online fund transfer, check account balances, make investments, and many other. The company provides various payments options on the Paytm app including 1. Paytm Payment instruments i.e. digital wallet, bank accounts, wealth management accounts, and 2. third-party instruments i.e. debit card, credit card, and net banking. The app further facilitates merchants to scale their business by the means of advertising, mini-app listings, selling products, channel and loyalty solutions.

Paytm IPO Strengths

• Largest digital payment platform provider in India.
• Wide range of services i.e. payment, commerce and cloud, and financial services.
• 333 million total users, 114 million annual transacting users, and 21 million merchants.
• 4 Trillion gross merchant value, 142 million commerce GMV, 64 million total payment bank accounts, 52 million total deposits, 3 million loan disbursement, and 52 million Wealth AUM.
• Established brand presence (brand value US$6.3 billion) in the digital payment ecosystem.