Paytm’s Payment Gateway Dominates Online Payments with Over 50 Percent Share
- Processes over 400 Mn transactions each month, 5X more than the next biggest player
- Majority share of digital transactions for leading brands including Uber, Zomato, Oyo, Dominos, IRCTC, Big Basket and more
- Witnesses 3X growth in the last one year on 3rd party apps and websites
- 10x Growth in adoption of Paytm BHIM UPI across 3rd party apps and websites
New Delhi, Friday 31st May, 2019: Paytm, the brand owned by One97 Communications, India’s largest digital payments company today announced that it is the undisputed leader in the Payment Gateway the industry with over 50 percent market share. Paytm PG is significantly ahead of the competition with largest volume and the largest merchant base. Paytm PG processes over 400 Mn transactions each month for merchants which is 5x higher than the next biggest player.
Paytm is the preferred payment gateway for several leading online platforms such as IRCTC, Zomato, Oyo, Grofers, Big Basket, PVR, Club Factory, Dominos, JIO and Idea among others, with majority share of its transactions. The company has witnessed over 3X growth in the number of transactions over the last one year with Paytm PG emerging as the leading payment gateway for the third-party apps and websites.
Paytm Payment Gateway has rapidly expanded its payment gateway merchant base with its wide array of payment solutions, right from instant plug-and-play offerings to deep platform integrations. It is focused on driving an intuitive transaction experience and easy integration with any existing platform. By offering software-development kits, developer APIs and secure checkout solutions, it has strengthened businesses, large and small alike to address their niche payment requirements.
Apart from offering largest suite of payment features, Paytm PG offers industry leading success rates across all payment methods. This impact is even more pronounced in case of indigenous instruments like Rupay cards and UPI where Paytm is India’s largest transaction processor. In addition, with 150 mn+ saved cards and bank accounts in its vault, Paytm drives significant checkout volumes via these saved instruments thereby delivering higher success rates
Kiran Vasireddy, COO – Paytm said, “We continue to witness impressive growth in transactions through the Paytm Payment Gateway across fast growing categories such as Transportation, Food Delivery, Gaming as well as existing large verticals of Travel and Telecom, . We are glad that our efforts to build a trusted, secured and convenient payments offering is being acknowledged by our business partners. We are committed to deliver more innovative offerings tailored to meet the ever- evolving payments requirement to further consolidate our leadership”.
About Paytm
Paytm is India’s largest mobile-first financial services platform offering payments, banking, lending, and insurance. Paytm pioneered and is the leader of QR based mobile payments in India. With the launch of Paytm Payments Bank, the company aims to bring banking and financial services to 500 million un-served and under-served Indians. Paytm is founded by Vijay Shekhar Sharma and is headquartered in the National Capital Region, India. The company’s investors include Softbank, SAIF Partners, Alibaba Group and Ant Financial.
