An acronym for Pay through Mobile, Paytm was the brainchild of One97 Communications. What started as an application for online mobile recharge, Paytm has now expanded to electricity bill payment, bus ticket booking and online shopping. Paytm mobile app is available for Android, iOs and Window users.
Paytm’s Rise to Success Owing to its growing popularity, Paytm received a whooping $575 million investment from the Alibaba Group, the well-known Chinese e-commerce company. Leading Indian business tycoon Ratan Tata also made a personal investment in this venture by One97. Paytm also sponsors all the international and domestic bilateral cricket matches that are hosted by the BCCI. Paytm stands as an inspiration for many entrepreneurs, young and old.
Where Paytm can be Used Besides online recharge and paying bills, Paytm lets you send and receive money, pay at shops and also make online payments for Uber, Makemytrip, Bookmyshow and many more. You can put in money in your Paytm wallet and use it