How Paytm has helped post demonetisation?

From November 8, 2016, to till date, wherever we go, whether it’s a small shop or a big store, we spot a scanning code on the wall with Paytm logo stating Paytm Karo.

India’s largest mobile e-payments and e-commerce brand - Paytm- is helping consumers and merchants around the nation to switch to mobile payments. It was incorporated in 2010 and over the span of seven years; Paytm has earned immense popularity across the nation. Moreover, Paytm has RBI’s approval to establish India’s first payment bank. All the existing users of Paytm find facilities like mobile wallet and online recharge to be highly reliable to go with. Paytm is associated with the leading online stores like Amazon, Flipkart, Snapdeal, etc., to help people obtain their favorite products through Paytm wallet without sharing any sensitive details. Above all, Paytm has revolutionized online payment and trading domain and has been influencing it positively without any hindrance for years.

Ever since the GOI has introduced demonetization of 1000 and 500 rupee note and launched the new 2000 and 500 rupee note, the move has been welcomed by the honest population of India. However, small merchants and common people, often found it chaotic to segment the amount of 2000 and 500 note into 100 rupees. In order to bolster such historical move, Paytm came up with a concept of Cashless Economy and helped people resolve issues conveniently. A few points that advocate Paytm’s credibility are real-time processing, no need to share sensitive details, lower or zero transaction fee and security.

The efforts of Paytm are evident from the facts that state “The company has registered a five times surge at Parking lots, four times increase in restaurants and local travel spends, three times surge at grocery outlets including Mother Dairy stores and two times surge at pharmacies and metro recharge.” Paytm has provided solutions to everyone- be it taxi, autos, grocery shops, restaurants, multiplexes, pharmacies, petrol pumps, coffee shops, kirana, hospitals, newspaper vendors, parking shops and many more.

The after effects of Demonetization were vivid across the country. But after this bold & effective step by the Government, Online Payment industry has witnessed a significant growth, courtesy to Paytm.