Paytm announced that their app has crossed the 100 million landmark on Google Play Store in the second week of December 2017. This makes Paytm the country’s first payments mobile application to cross the 100 million downloads mark.
Paytm is charting the next chapter of its growth from being a pioneer in mobile payments to becoming a mobile-first financial services company that provides banking, lending, insurance, and payments. The platform lets users do online recharge and bill payments, book movie tickets, travel bookings among others.
Paytm has become the most favoured payments app in the country today, allowing users to scan its QR and pay at large merchants, grocery and kirana stores, milk-booths, local taxi/autos fares, petrol pumps, multiplexes, restaurants and much more.
On achieving this milestone, Senior Vice President of Paytm, Deepak Abbot said that the team is overwhelmed with the 100 million downloads mark, attainment of this high point is a proof of the efforts of the incredible team at Paytm. This accomplishment will give the team a strong boost to work towards the goal of making India a digital-first economy.