Paytm, an Indian electronic payment and e-commerce brand, has become country’s first payments app to cross the 100 million downloads mark. It crossed the mark in the second week of this month, announced Paytm.
“We are super excited to announce that Paytm has crossed the 100 million milestone on Google Play Store in the second week of December 2017. This makes it the country’s first payments app to cross the 100 million downloads mark,” said senior vice president Paytm, Deepak Abbot said in a blog post.
“We are charting the next chapter of our growth from being a pioneer in mobile payments to becoming a mobile-first financial services company, which offers banking, lending, insurance, and payments,” he added.
Paytm allows users to do online recharges and bill payments, book movie tickets, 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/autos fares, petrol pumps, multiplexes, restaurants and more.