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Paytm hits milestone of 100 million monthly transacting users

OutlookIndia · 1y

Fintech platform Paytm has achieved a significant milestone of crossing 100 million monthly transacting users. The company reported strong revenue growth, driven by accelerated GMV growth and expansion of its financial services business. Paytm anticipates that the adoption of artificial intelligence (AI) in its operations will further enhance its financial services, marketing, and customer relations. The company is leveraging AI in various areas, including product development, creating operating efficiencies, and enhancing payment monetization. Paytm expects to capitalize on monetization opportunities through merchant subscriptions, MDR on payments, government incentives, merchant lending, and marketing services.