“Paytm* is like an early-stage startup now, but with a lot of money,” said a former Paytm executive. For a company that poured billions of dollars into becoming India’s payments leader, starting from scratch is a galling proposition.
The highs of demonetisation in 2016 set it up to become the country’s number one payments company. In the year ended March 2018, Paytm was firing on all cylinders. It had built a 10 million-strong merchant network, boasted 250 million users—80 million of which transacted monthly—and $20 billion in gross transaction value value Entrackr Paytm claims 2.5X jump in GTV in FY19; records 5.5 Bn transactions Read more .