Paytm crosses milestone with 100 million users

NEW DELHI, INDIA: Paytm, India’s largest mobile commerce platform has crossed a significant milestone.

It has crossed 100 million Paytm Wallet users who carry out over 75 million transactions every month.

The company now wants to revolutionize the m-commerce landscape and transform India into a cash free economy.

Accepted at over 80,000 merchants, Paytm plans to reach 10 million merchants by end of next year. Users can load money to Paytm wallet by using debit card, credit card, net banking and over 20,000 cash deposit points. The company has also partnered with various banks to enable users to add money through bank branch and ATM machines.

Vijay Shekhar Sharma, Founder and CEO, Paytm, said, “We are happy with the momentum and are well on our way towards getting half a billion Indians on the Paytm platform. We believe Paytm is new India’s new way to pay.”