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Important Events from the History of Paytm Payment System
This payment platform was launched in the summer of 2010 by an entrepreneur who wanted to change the way people recharge their communicator in India. PlayTM was launched as a simple smartphone recharge and payment service to help people recharge their smartphones and make utility payments through their smartphones.
PayTM is currently the best in financial payments in India. Realizing the huge potential of e-payments, Paytm increased its range of services a decade ago by creating an e-wallet. Which was a significant point in Paytm's progress because users now have the ability to store funds electronically and make seamless payments for a wide range of products, particularly online purchases, ticket bookings and other things. Paytm wallet was able to gain instant popularity and is a sought-after payment method for millions of users.
The year 2016 was a watershed year for the company and the entire electronic financial settlement industry in India. The Indian government's initiative to eliminate high value banknotes led to a surge in digital payments, and Paytm was a leader in this innovative era of cashless transactions. The firm has realized the opportunity by steadily growing its client base and partner network. More about Paytm android app can be found on the portal.
Building on its great success as a digital payments platform, Paytm has expanded its existing services to include a wide range of financial services. In 2017, the firm launched a user-friendly mobile bank that helps users set up savings accounts, use plastic cards and earn interest on deposits. The move positions the platform as an advanced financial service provider catering to the diverse needs of citizens.
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