Paytm Surpasses 100 Million Downloads on Google Play Store
Paytm is India'south i of the fastest growing and highest valued companies. The service which launched back in 2010 as just a mobile recharge and neb payments app now offers a plethora of services including its own eastward-commerce platform, movies, flights, and bus ticket booking, digital aureate, and more.
Yesterday, the visitor proudly announced that its app on the Google Play Store has surpassed a 100 million downloads. That'southward a huge achievement for Paytm as it is Republic of india'southward starting time payment app to exercise and then. Co-ordinate to a blog post published on the company'south official blog, Paytm achieved this milestone in the second week of December.
Deepak Abbot who is the Senior Vice President at Paytm said,
"Nosotros 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 every bit we work towards our goal of making India a digital-first economy."
It certainly is a huge achievement for the company as reaching a 100 one thousand thousand downloads is no minor feat. The company was able to achieve this milestone as it seamlessly transformed itself from just a payment application to a service provider where a user tin can get the most things washed under a single roof.
When I think of Paytm, the but company information technology resembles in terms of the plethora of service it provides is China's Alibaba. It but seems plumbing fixtures as Alibaba's Ant financial is i of the biggest investors in One97 Communications, the parent company of Paytm. The investment from Alibaba not only seemed to take solved Paytm's fiscal woes, only the company has benefited from the expertise and applied science of Alibaba's experience in the financial sector in People's republic of china.
Paytm also had the benefit of growing in the temper where the Indian government is actively pushing for the digital economy. Paytm was one of the biggest beneficiaries of land's demonetization program as it began a entrada overnight to get users to pay for things, fifty-fifty at their local stores or hawkers at markets, past tying with a plethora of vendors.
That said, whatever the reasons are, Paytm actually deserves a commendation for existence prepared to have advantage of positive circumstances and growing to a place where it is at present.
Source: https://beebom.com/paytm-100-million-downloads-google-play-store/
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