Paytm - Leading The FinTech Wave: Motilal Oswal

Paytm - Leading The FinTech Wave: Motilal Oswal

A restaurant advertises the use of the Paytm digital payment system in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

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Motilal Oswal Report

Paytm is India’s leading payments and Fintech enterprise – it offers payments, financial services, commerce, and cloud services to its large consumer/merchant base of ~333 million/~21 million.

Paytm is the largest payments platform, with gross merchandise of ~Rs 4 trillion reported in FY21 (~33% compound annual growth rate over FY19–21).

The company was launched in CY09 as a ‘mobile-first’ digital payments platform to enable cashless payments to consumers.

It started off as a digital wallet based platform initially, with a focus on mobile top-ups and utility payments.

With the advent of technology, Paytm has created a payments-led ‘super app’ and evolved into a comprehensive payments ecosystem, covering payments, credit, insurance, merchants, wealth management, e-commerce services, and so on.

Click on the attachment to read the full report:

Motilal Oswal PAYTM Company Update.pdf
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