Paytm and its competitiors - freekaamaal
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Paytm is a leading digital payments platform in India that allows users to make online and offline payments. The document lists some of Paytm's major competitors, which include Freecharge, Mobikwik, and Rechargeitnow. It also outlines Paytm's achievements between 2012-2014, where it won several awards and recognitions for its mobile wallet program and as an innovative startup in the e-commerce and mobile money categories.
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Paytm began in 2000 as a company called One97 that provided mobile content services. In 2010, it launched Paytm as a digital payments platform, allowing users to pay bills and recharge phones. Paytm grew rapidly after receiving a payments license in 2013. It expanded into services like transportation, commerce, and banking. Key to Paytm's success has been partnerships with companies in high-transaction businesses and support from investors like Alibaba. Paytm now has over 150 million users and processes billions of transactions annually, having established itself as India's largest digital payments platform through building out offerings and riding growth in digital payments in India.
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2) While receiving positive initial feedback for its convenience, flexibility, and security, Apple Pay has low awareness among the general population.
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