Paytm crosses 100 million downloads on Play Store

Paytm has announced that its app has crossed the 100-million milestone on Google Play Store in the second week of December 2017. According to the company, this makes Paytm the country’s first payments app to cross the 100-million downloads mark.

Paytm is charting the next chapter of its growth from being a pioneer in mobile payments to becoming a mobile-first financial services company, which offers banking, lending, insurance, and payments. The platform allows users to do online recharges and bill payments, book movie tickets, and do travel bookings, among others. Paytm has become the most preferred payments app in the country today, allowing users to scan its QR and pay at large merchants, grocery and kirana stores, milk booths, local taxi/auto fares, petrol pumps, multiplexes, restaurants and more.

Commenting on this, Deepak Abbot, Sr Vice-President, Paytm, said, “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.”