Business is to Acquire Payment Customers and Distribute Loans
We are revolutionizing India’s digital payments and financial services ecosystem as the pioneer of QR payments for merchants.
Our core business is to offer easy-to-use payments services to consumers and merchants and then distribute loans. In our payments business, we acquire consumers who make payments to merchants, as well as enable merchants to accept these payments and also offer commerce services to consumers.This business model allows us to create a brand as well as distribution,that gives insights which with the help of technology, allows us to create a loan distribution and collection business. For consumers, we enable payments for mobile recharges, utility bills, rent, education, wallet top-ups and money transfers.
We also offer flexibility with payment instruments like Paytm Wallet, Paytm Postpaid BNPL and Paytm UPI, debit & credit cards and netbanking. Revenue earned in this business (either in the form of platform fee from the consumer or instrument MDR from merchants) comes under Payment Services to Consumers.As the merchant uses the Paytm app to collect payments from consumers, they also use our platform to upsell or cross-sell their services, such as deals, tickets etc or advertising. Revenue earned in this business comes under Commerce & Cloud Services.We also offer innovative solutions and devices like
More than 28 Million merchants use Paytm QR to accept digital payments. ~75 Million monthly transacting users pay using multiple payment options, such as Paytm Wallet, Paytm Postpaid and Paytm UPI across online and offline merchants.
QR code, EDC, Soundbox and Payment Gateway to empower merchant partners to seamlessly accept payments from consumers. With the power of the Paytm ecosystem, our loan distribution and collection business has witnessed rapid growth. In partnership with our lending partners, we distribute personal loans and merchant loans, and also offer Paytm Postpaid (Buy Now Pay Later product).Revenue earned in this business, such as subscription fee on devices or instrument MDR, comes under Payment Services to Merchants. We also offer collection services for our lending partners. Our financial services also include mobile banking, insurance, and wealth management for consumers and merchants, and revenue earned in this business comes under Financial Services & Others.
We are enabling financial inclusion in India and are on a mission to bring half a billion Indians to the mainstream economy.