ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » Companies News

Paytm's user base doubles in just two weeks

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Paytm's user base doubles in just two weeks
Just a week after PM Modi’s announcement the company’s user base touched 75 million. Image Source: Company website

Paytm founder and CEO Vijay Shekhar on said that user base on its platform now stands at 150 million. 

Just a week after PM Modi’s announcement the company’s user base touched 75 million with 700% increase in overall traffic and 1000% increase in money transactions on its platform.

The company has spent nearly Rs 500-600 crore on marketing campaigns this year, Shekhar added.

The online financial technology and e-commerce website also announced the launch of a  Point of Sale terminal app, which requires no hardware and accepts all cards transactions with no extra charge up till December 31.

In a move to boost further cashless transactions, Paytm said that they will levy 2% charges on credit card transactions while debit card transction will have no charge.

The company has also recorded an average transaction growth rate of 140% since PM Modi announced the ban of higher currencies on November 8.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Paytme-walletscashless transactionPM ModiNarendra ModiDemonetisationCurrency BanIT
Written By: ZeeBiz WebTeam
Updated: Wed, Nov 23, 2016
12:16 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
SEBI takes cautious approach in IPO clearance, returns draft paper of these 6 companies SEBI takes cautious approach in IPO clearance, returns draft paper of these 6 companies
Paytm UPI LITE allows users to make payments without UPI PIN: Step-by-step guide to how you can use the feature Paytm UPI LITE allows users to make payments without UPI PIN: Step-by-step guide to how you can use the feature
Brokerage sees Paytm shares soaring by Rs 500 citing several levers Brokerage sees Paytm shares soaring by Rs 500 citing several levers

LATEST NEWS

This Rekha Jhunjhunwala gaming stock is poised to grow by Rs 300 – should you buy?

Equatorial Guinea confirms 8 new cases of Marburg virus

Which stocks to buy? Hero MotoCorp, ICICI Bank, ACC, Lupin, Dabur, ITC and other shares analysts recommend

Infosys announces Kiran Mazumdar-Shaw's retirement from board; Sundaram named lead independent director

Bard Vs ChatGPT: How they differ from each other

FSIB selects new LIC Chairman; Siddhartha Mohanty to head

Govt to exercise green shoe option for HAL OFS; likely to raise Rs 2,800 crore

AP MLA quota MLC Election Result 2023: Voting for seven seats in Andhra Pradesh over, counting of votes underway

United Spirits is Anil Singhvi's wealth creation stock pick — check out his target price

Hurry! Complete your tax-savings investments before March 31 to reduce tax liability

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV