Over the course of the next few years, Paytm widened its base and expanded into e-commerce through ticket bookings and online deals. Post the launch of the Paytm Wallet in 2014, it became one of the most used digital wallets across India. He went on to finally establish the Noida-based Paytm in 2010 as a prepaid mobile and DTH (direct-to-home) recharge platform.īut from those humble beginnings, he ended up with a great force Paytm into the country’s most valued fintech start-up in less than a decade. In 2000, Vijay Shekhar Sharma established Paytm’s parent organization One97 Communications, through taking a loan of Rs 8 lakh. How Paytm Started | Story behind the inception of Paytm (One97 Communications) Satti will take a career break, as confirmed in the latest company filing.Ībhishek Gupta, who has joined the company in 2020 as the Senior Vice-President and COO-lending has also resigned recently and is currently on his notice, as of December 23, 2021. Satti has officially taken an exit from the company and it will be Bhavesh Gupta, CEO of Paytm Lending, who will take the charge of offline payments along with his usual responsibilities, as of December 24, 2021. Satti, who has worked with Paytm for more than 15 years, accomplished numerous leadership hats including the designation of the CEO of Paytm Bank has reportedly resigned lately. Moreover, there is a significant probability that she might be retained. However, Satti’s resignation is still in doubt. Renu Satti, COO, offline payments of Paytm has also allegedly submitted her resignation to the management of Paytm. Arun was previously the Senior Vice-President at RBL Bank. The Chief Operating Officer (COO) of Paytm Payments Bank “Abhishek Arun” has spent 5+ years at Paytm and has recently announced his exit via a Linkedin post, as per the reports dated December 23, 2021. It was on July 10, 2021, as a top-level resignation of Paytm. Rohit Thakur was at the position of CHRO of Paytm when he gave his resignation. According to sources close to Nayyar, he resigned due to personal reasons. Amit Nayyar, who served as a President for 20 months, has left the organization on July 9, 2020. Yes, the company, much like the others, has seen quite a number of employees quitting the firm. However, not all of them have remained with the company. Paytm has operated with an efficient team that has progressed with the growth of the company. This company later became the cradle of Paytm, which he started in 2010 with an initial investment of $2 million in Noida. He founded One97 Communications in 2000 to offer mobile news content, ringtones, jokes, cricket scores, and exam results. After 2 years, he sold his website for $1 million but only to scale new heights as an entrepreneur. He developed while he was still in college in 1997 to start with his entrepreneurial journey. Vijay Shekhar Sharma (Founder)įrom the beginning he wants to start something. Paytm Products (Categories)Ībout Paytm Founder 1. After PhonePe and GooglePay, Paytm is the third-largest player in the digital payments market in India. The digital payments market saw transactions worth USD 5.44 trillion in 2020, which is further estimated to be worth around $11.29 trillion by 2026 at a CAGR of 11.21% during the period of 2021-2026. Besides, Paytm also launched a mini app store to support Indian app developers and entrepreneurs. Furthermore, Paytm First Games and Paytm Insurance have also gathered the usage of millions of people globally. It has also gained access to launch its services in Stock Broking, and National Pension System (NPS). They started the platform for sale of purchase of Shares, Mutual Funds, Digital Gold named ‘Paytm Money’ is regarded as the biggest investment platform and contributes to Systematic Investment Plans (SIP) in the Mutual Funds Industry. Paytm Payments Bank is said to be the country’s largest digital bank with more than 58 million account holders. The company rapidly grew popular and expanded to include wallet services, banking facilities, e-commerce facilities, and more to make life easier for the Indians. ![]() ![]() This was initially designed to cater to the merchants and the customers to help them send and receive money online. The Paytm company was founded by Vijay Shekhar Sharma in 2010 which is based in Noida, Uttar Pradesh. The parent organization of Paytm is One97 Communications and their tagline is “Paytm karo”. Paytm is a leading bill payments app like mobile recharges, DTH recharge facilities, Utility bill payments, Movie Bookings, Travel Bookings (Train, Flight, Metro) and more that offers financial solutions also to its customers through its platform. What is the name of Paytm Parent Company?.How Paytm Started | Story behind the inception of Paytm (One97 Communications).
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