Paytm: Pay Through Mobile
The full form of Paytm is Pay Through Mobile. It is an e-commerce payment system and financial technology company, founded in August 2010. Its headquarter is located in Noida, India. Paytm started with the mission of creating a mobile payment system for India and called it Pay Through Mobile (PayTM). It started with mobile phone recharge and utility bill payments and today it has grown into a full market with around 100 million registered users. In a short time, it managed to reach 60 million orders per month. Paytm is a consumer brand of One97 Communication (mobile internet company). Its products are Paytm Mall, Paytm Payments Bank, Paytm Money, Gamepind, Paytm Smart Retail. Vijay Shekhar Sharma is the CEO and President, Ajay Shekhar Sharma is the Vice President of Paytm. In 2020, it has more than 350 million users, 13,000 employees, and 3 million offline merchants. In May 2019, Paytm partnered with Citibank to launch credit cards.