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Paytm was founded in August 2010 with an initial investment of US$2 million by its founder Vijay Shekhar Sharma in Noida, Delhi NCR.It started off as a prepaid mobile and DTH recharge platform, and later added debit card, postpaid mobile and landline bill payments in 2013.
Estimated 812 million Indians used their mobile phones to access the internet. Mobile phones are quite common even in the remote villages. The mobile phone industry is growing at a rate of over 200 million per year. It was expected [by whom?] to touch the one and a half billion mark by 2015. The share of the urban subscribers is 66% and the ...
One97 Communications Limited was founded in 2000 by Vijay Shekhar Sharma in New Delhi.The company is headquartered in Noida, India. [10] It launched Paytm in 2009 as a digital payments platform to facilitate cashless payments. [11]
MobiKwik is an Indian financial technology company, founded in 2009 that provides a mobile phone-based payment system and digital wallet. [3] [4] In 2013 the Reserve Bank of India authorized the company's use of the MobiKwik wallet, [5] and in May 2016 the company began providing small loans to consumers as part of its service.
Paytm Payments Bank (PPBL) was an Indian payments bank, founded in 2017 and headquartered in Noida. [3] 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. [4] [5] [6] In 2021, the bank received a scheduled bank status from the RBI. [7] [8]
Freecharge is building an advertising platform that will capture online and offline purchase behavior and brand preferences of consumers, by offering incentives and discount coupons to users to transact on its platform. [14] On 8 April 2015, Indian e-commerce firm Snapdeal acquired Freecharge for ₹2800 crore (US$400 million) in cash and stock ...
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