Paytm on Wednesday introduced that its Android app has transform “India’s first payments app to cross 100 million downloads on Google Play”. The app hit the milestone in the second one week of December. The newest expansion emerges weeks after the Paytm app has gained BHIM UPI capability by means of Paytm Payments Bank.
In a press commentary, Paytm claims that it has transform probably the most most well-liked bills app within the nation, permitting customers to scan its QR and pay at massive traders, grocery and kirana retail outlets, milk-booths, native taxi/auto fares, petrol pumps, multiplexes, and eating places amongst others. “We are overwhelmed with the 100 million downloads mark, reaching this milestone is a testimony to the efforts of the incredible team at Paytm. This achievement will offer us a strong boost as we work towards our goal of making India a digital-first economy,” mentioned Deepak Abbot, Senior Vice President – Paytm, within the commentary.
Last month, Paytm began rolling out BHIM-UPI compatibility by means of its bills financial institution. The compatibility was once debuted on Android however is but to make its means onto iOS gadgets. It enabled customers with a Paytm digital bills cope with (VPA) to make and settle for bills by means of the BHIM-UPI framework.
Founded in 2010 as a pay as you go cell recharge web site, Paytm has since remodeled and emerged because the Paytm pockets in 2013. The corporate, owned via One97 Communications, ventured into the Indian banking sector via launching Paytm Payments Bank in November. It additionally provides a full-fledged e-commerce platform thru a Paytm Mall, which gained a devoted app in August this 12 months.
Disclosure: Paytm’s dad or mum corporate One97 is an investor in Gadgets 360.