Paytm, an online shopping website and a mobile wallet, was launched in 2010.
Paytm is owned by One97 Communications which started off as a mobile and DTH recharging company. It has headquarters in Noida, India. It gradually introduced recharge and online bill payment of various services and utilities including electricity, gas & telephone bills. Paytm entered Indian e-commerce space in early 2014, with features and product line similar to e-commerce giants such as Flipkart, Amazon.com or Snapdeal. Recently, it launched booking bus tickets online. Besides online shopping, it also has an in-built mobile wallet and launched a separate app for the same in June 2016. Approximately 85 million people use Paytm’s mobile wallet for transactions worth Rs. 700 crore monthly.