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paytm

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Type of Business:   private

Type of site:  E-commerce Financial Technology

Type of site: E-commerce Financial Technology

Founded:  2010

Headquarters: Noida, Uttar Pradesh, India

Founder(s):   Vijay Shekhar Sharma

CEO:    Vijay Shekhar Sharma

Website: paytm.com

About in paytm

Paytm India's largest mobile commerce platform. Paytm offer mobile recharge and utility bill payments and mobile applications today on its offers to consumers by a full market started. We have 100MN registered users. While more than 60 million orders per Paytm month.Paytm has been extended to a short period of India's leading mobile Internet company One97 Communications is a consumer brand. 97 Forest ant financial investors (Alipay), SAIF Partners, Sapphire and Silicon Valley venture involving Bank.We maintain an open culture where everyone is a hands-on contributor and feels comfortable sharing ideas and opinions strive. Our team spends hours each new feature design and obsesses about the smallest of details.Our approach is simple - we would love to use ourselves to design. So we listen and understand our users and their responses to the most serious charge.

Features of Paytm

Security Features

1. Your Paytm ID + password to use Wallet Paytm alone are not enough. Someone takes your Paytm ID and password, even when a new device to enter it as the OTP is delivered to your registered mobile number is not possible. So the only way to access your account to your registered mobile number Paytm ID / password OTP + with your own equipment or use a combination of new devices to.

2. App Lock Password: Paytm you to use the 2nd level of security as your default screen lock on your phone / PIN / password / pattern / fingerprint can enable. Before you can use a payment Paytm Wallet PIN / password / pattern / fingerprint will be asked again to confirm.

Various Fees:

Paytm Paytm the money into their bank account from the 0% duty (January 31, 2017) and can transfer. And once we launch Paytm bank, we always Jan'16 0% on money even after 31 Paytm bank account will allow you to transfer Paytm wallet. It KYC KYC and non-users and traders involved in

Paytm Paytm wallet on the wallet (unless you use some other Paytm Paytm for user pay): Lifetime 0%

Paytm Paytm bank account money transfer Wallet: Lifetime 0%

Money transfer from another bank account Paytm Wallet: 0% applicable charges imposed by your bank

To know more about various limits, please check here https://blog.paytm.com/now-send-money-from-paytm-to-bank-account-at-0-2c0aea6c3462#.c3acqcpm5

Refunds & Transfer to Bank Timelines:

We all users Paytm Wallet account in any bank account to transfer money allow. The expected timeframe and in some cases is a quick overview on the causes of the delay.

Whenever a user selects Paytm wallet "send money to a bank account", we return immediately process requests. Money is sent to your bank immediately. In most cases, the money should reach your account immediately, but in some cases this delay is due to the reasons mentioned below

1.Bank networks are down or are not the answer: we often experience when we are not the answer to the bank network initiate requests. It finally network downtime or can be caused by fluctuation. In such cases, we have 3 days to try again a few times live. In most cases we are resolved within a period of 3 days, but in some cases, after 3 days we do not see any response from the bank. In such cases, we will inform customers immediately and return the money back to the wallet.

2. Bank / NPCI Time Out: Bank / NPCI (National Payments Council) from the time the money transfer IMPS sometimes leads to procedures pending refunds. In such cases, we return again to try to continue to succeed. Even in such cases, the actual take up to 3 days can be given back to us. We have not returned to us due to the condition of refunds to notify the user of any potential delay continues.

3. Refunds in cases of failed orders: If you have any orders places by using Paytm Wallet and for some reasons, the refund is being processed so that we can use the payment was originally allow to withdraw money from the source. For example, if you have a debit card / credit card or net banking, using a money order so we try to send back to the same source.

Payments bank

Paytm one of India's first in 2015 to start paying banks licensed by the central bank. Bank to enable a cashless economy, offer new services, debit cards, savings accounts, online banking, and transfers to the Paytm wants to use the existing user base. Vijay Shekhar Sharma, founder of the bank is a separate entity which 51%, 39% and 10% One97 and One97 Communications Sharma will hold will be held by a subsidiary.

Paytm is a result which users can pay their bills anytime and anywhere, as the bill payment system for India approved as an operating entity.

In March 2015, Indian industrialist Ratan Tata made personal investment in the company. The same month, the company received a $575 million investment from Alibaba Group of China , after Ant Financial Services Group, an Alibaba Group ally, took 25% stake in One97 as part of a strategical agreement.Paytm borrowed 300cr from ICICI Bank in March 2016 as working capital.

 

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