Custom Search
 



 
 
IPO prospectus reveals, Paytm is largest Indian payments platform

August 11 2021: The draft red herring prospectus (DRHP),  filed by India’s leading digital payments and financial services platform Paytm, just before initial Public Offering (IPO) reveals it is India’s largest payments platform. Paytm has over 333 million consumers and 21 million merchants.
Paytm is the largest payment gateway aggregator in India based on total transactions, for the fiscal year ended March 31, 2021, with the widest ecosystem of payment instruments.Other firsts:

  • Paytm recorded 5.9 billion merchant transactions in FY 2021.
  • According to RedSeer, the company has the largest payments platform in India with a GMV of ₹4,033 billion in FY 2021.
  • Inconsumer to merchant transactions Paytm has a 40% market share, whereas in consumer to merchant wallet transactions, Paytm has a 65-70% market share.
  • Starting with bill payments and mobile top-ups as the first use cases, and Paytm Wallet as the first Paytm Payment Instrument, the company has built the largest payments platform in India based on the number of consumers, number of merchants, number of transactions and revenue as of March 31, 2021 according to RedSeer.
  • As per the Kantar BrandZ India 2020 Report, the "Paytm" brand is India's most valuable payments brand, with a brand value of US$ 6.3 billion.
  • Paytm has the largest payments merchant and consumer base in India, according to RedSeer, which lets the company leverage the power of both the consumer and merchant side on the payment network, and which the company believes will be a major driver of its digital lending products.
  • Paytm Payments Bank has the largest scale among all licensed Payments Banks in India, according to RedSeer, in terms of mobile transactions.
  • Paytm Payments Bank is the largest issuer of FASTags in India, according to RedSeer  and is  also the largest Electronic Toll Collection (“ETC”) acquirer bank for FASTags, according to RedSeer.