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Paytm
Paytm (acronym for "pay through mobile") is an Indian digital payments and financial services company, based in Noida. It was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. The company offers mobile payment services to consumers and enables merchants to receive payments through its QR code, point of sale and online payment gateway offerings. In partnership with financial institutions, Paytm offers financial services such as microloans and buy now, pay later to its consumers and merchants. Apart from bill payments and money transfer, the company also provides ticketing services, retail brokerage products and online games. Paytm's parent company, One97 Communications, got listed on the Indian stock exchanges on 18 November 2021 after an initial public offering, which was the largest in India at the time. For the fiscal year 2021–22, Paytm's gross merchandise value (GMV) was reported to be . History Paytm was founded on August 2010 with an initial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paytm Money
Paytm (acronym for "pay through mobile") is an Indian digital payments and financial services company, based in Noida. It was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. The company offers mobile payment services to consumers and enables merchants to receive payments through its QR code, point of sale and online payment gateway offerings. In partnership with financial institutions, Paytm offers financial services such as microloans and buy now, pay later to its consumers and merchants. Apart from bill payments and money transfer, the company also provides ticketing services, retail brokerage products and online games. Paytm's parent company, One97 Communications, got listed on the Indian stock exchanges on 18 November 2021 after an initial public offering, which was the largest in India at the time. For the fiscal year 2021–22, Paytm's gross merchandise value (GMV) was reported to be . History Paytm was founded on August 2010 with an initial i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paytm Insider
Paytm (acronym for "pay through mobile") is an Indian digital payments and financial services company, based in Noida. It was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. The company offers mobile payment services to consumers and enables merchants to receive payments through its QR code, point of sale and online payment gateway offerings. In partnership with financial institutions, Paytm offers financial services such as microloans and buy now, pay later to its consumers and merchants. Apart from bill payments and money transfer, the company also provides ticketing services, retail brokerage products and online games. Paytm's parent company, One97 Communications, got listed on the Indian stock exchanges on 18 November 2021 after an initial public offering, which was the largest in India at the time. For the fiscal year 2021–22, Paytm's gross merchandise value (GMV) was reported to be . History Paytm was founded on August 2010 with an initial i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
One97 Communications
One97 Communications (OCL) is the parent entity of leading Indian mobile payments and financial services company Paytm , headquartered in Noida, India. It was founded in 2000 by Vijay Shekhar Sharma. In July 2021, the company filed the offer document for the largest ever initial public offering (IPO) in India’s history. It was listed on Indian stock exchanges on November 8, 2021. Through its network of subsidiaries and businesses, the company offers a range of digital payment and financial services to consumers and merchants in India. It also provides mobile advertising, marketing and payments for merchants. History One97 Communications Limited was founded in 2000 by Vijay Shekhar Sharma in New Delhi. The company is headquartered in Noida, India. It launched Paytm in 2009 as a digital payments platform to facilitate cashless payments. It owns various businesses and subsidiaries – Paytm Payments Bank, Paytm Payments Gateway, Paytm Payout, Paytm Money, Paytm Insider, Pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paytm Payments Bank
Paytm Payments Bank (PPBL) is an Indian payments bank, founded in 2015 and headquartered in Noida. In the same year, it received the license to run a payments bank from the Reserve Bank of India and was launched in November 2017. In 2021, the bank received a scheduled bank status from the RBI. Vijay Shekhar Sharma holds 51 per cent in the entity with One97 Communications Limited holding 49 per cent . Vijay Shekhar Sharma is the promoter of Paytm Payments Bank, and One97 Communications Limited is not categorized as one of its promoters. History In 2015, Paytm Payments Bank Limited had received in-principle approval from the Reserve Bank of India to set up a payments bank and was formally inaugurated on November 28, 2017. In the financial year 2020, the bank facilitated more than 485 crore transactions worth ₹4.6 lakh crore. It processed over 778 million UPI transactions amounting to ₹89,388 crore in June 2022 and continues to be India’s biggest UPI beneficiary bank w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vijay Shekhar Sharma
Vijay Shekhar Sharma (born July 15, 1978) is an Indian technology entrepreneur and billionaire businessman. He is the Chairman, Managing Director and CEO of One97 Communications and its consumer brand Paytm. He founded Paytm in 2010. In January 2022, the ICANN-supported Universal Acceptance Steering Group appointed him as UA Ambassador in India. As of September 2022, he had a net worth of $1.1 billion according to the Forbes Real Time Billionaires Index. Early life and education Vijay Shekhar Sharma was born in Aligarh, Uttar Pradesh on July 15, 1978, the third of the four children of Sulom Prakash, a school teacher, and Asha Sharma, a homemaker. He did his schooling from Harduaganj, a small town near Aligarh. He was a child prodigy, beginning his college life at the age of 15 and graduating as an engineer with a B.Tech degree from the Delhi College of Engineering (now Delhi Technological University) when he was 19 years old Career In 1997, while in college, he started ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Noida
Noida, short for New Okhla Industrial Development Authority, is a planned city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. Noida is a satellite city of Delhi and is a part of the National Capital Region (NCR) of India. As per provisional reports of Census of India, the population of Noida in 2011 was 642,381. The city is managed by New Okhla Industrial Development Authority (NOIDA). The district's administrative headquarters are in the nearby city of Greater Noida. The city is a part of the Noida (Vidhan Sabha) constituency and Gautam Buddha Nagar (Lok Sabha) constituency. Mahesh Sharma is the present Lok Sabha MP of Gautam Buddha Nagar, while Pankaj Singh is the present MLA of Noida. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
QR Code Payment
QR code payment is a contactless payment method where payment is performed by scanning a QR code from a mobile app. This is an alternative to doing electronic funds transfer at point of sale using a payment terminal. This avoids a lot of the infrastructure traditionally associated with electronic payments such as payment cards, payment networks, payment terminal and merchant accounts. To make a QR code payment, the consumer scans the QR code displayed by the merchant with their smartphone to pay for their goods. They enter the amount they have to pay and finally submit. This is a more secure card-not-present method than others. History The QR code system was invented in 1994 by Masahiro Hara from the Japanese company Denso Wave. The first mobile wallet app for cryptocurrency Bitcoin featured the ability to send and receive payments with QR codes in March 2011. In 2011, Chinese company Alipay designed a QR code payment method which allowed partnering offline stores to accep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobile Payment
A mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device, as the cardinal class of digital wallet. Instead of paying with cash, cheque, or credit cards, a consumer can use a payment app on a mobile device to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available. Mobile payments began adoption in Japan in the 2000s and later all over the world in different ways. The first patent exclusively defined "Mobile Payment System" was filed in 2000. In developing countries, mobile payment solutions have been deployed as a means of extending financial services to the community known as the "unbanked" or "underbanked", which is estimated to be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PayPay
PayPay Corporation is a Japanese company that develops electronic payment services. It was established in 2018 as a joint venture between the SoftBank Group and Yahoo Japan through Z Holdings, their holding company. With 38 million users, PayPay is the largest Japanese mobile payment app. In October 2018, it began a QR code and bar code-based payment service, which was developed in collaboration with Paytm, an India-based payment service company. From a smartphone app, users link their bank account and add money to their PayPay account. At the point of sale, the user makes a payment either by scanning a QR code A QR code (an initialism for quick response code) is a type of matrix barcode (or two-dimensional barcode) invented in 1994 by the Japanese company Denso Wave. A barcode is a machine-readable optical label that can contain information about t ..., or by having the clerk scan a bar code on the smartphone. 2020 cybersecurity incident PayPay server was hacked on Nov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobile Payment
A mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device, as the cardinal class of digital wallet. Instead of paying with cash, cheque, or credit cards, a consumer can use a payment app on a mobile device to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available. Mobile payments began adoption in Japan in the 2000s and later all over the world in different ways. The first patent exclusively defined "Mobile Payment System" was filed in 2000. In developing countries, mobile payment solutions have been deployed as a means of extending financial services to the community known as the "unbanked" or "underbanked", which is estimated to be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ant Group
Ant Group ()'','' formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group. The group owns the world's largest mobile (digital) payment platform Alipay, which serves over 1.3 billion users and 80 million merchants, with total payment volume (TPV) reaching in June 2020. It is the second largest financial services corporation in the world, behind Visa. In March 2019, ''The Wall Street Journal'' reported that Ant's flagship Tianhong Yu'e Bao money-market fund was the largest in the world, with over 588 million users, or more than a third of China's population, contributing cash to it. In October 2020, Ant Group was set to raise US$34.5 billion in the world's largest IPO at the time, valuing the company at US$313 billion. On the eve of the IPO, China stopped the process from moving forward. It was reported that the Chinese Communist Party leader Xi Jinping personally scuttled the Ant IPO. On 12 April 2021, ''The Wall Street Journal'' repor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Instant Payment
Instant payment (sometimes referred to as real-time payment or faster payment) is a method of exchanging money and processing payments, allowing for almost immediate transfer of money between bank accounts, instead of the more typical one to three business days. Many countries have implemented instant payment systems, and many instant payment systems and platforms are currently under development worldwide, due to increased need for faster and reliable transactions. The Euro Retail Payments Board (ERPB) define instant payments as: Background The growth of e-commerce has caused changes in people's spending patterns. Shopping is no longer confined to regular business hours, creating new challenges for funds transfers. Similarly, merchants require faster and more reliable money transfer systems to keep up with consumers' demands. Traditional electronic payments like simple bank transfers, that perform the electronic funds transfer within few business days, are not in line wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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