The India based e-payment app, Paytm on Wednesday announced that its app has gone past 100 million downloads on Google Play Store. The company says it is India’s first payments app to achieve the feat.
“We are overwhelmed with the 100 million downloads mark, reaching this milestone is a testimony to the efforts of the incredible team at Paytm,” said senior vice president Paytm, Deepak Abbot in a blog post.
“This achievement will offer us a strong boost as we work towards our goal of making India a digital-first economy,” he added.
Paytm is planning to expand their wings to the next chapter of its growth from being a pioneer in mobile payments to becoming a mobile-first financial services company, which offers banking, lending, insurance, and payments. The platform enables users to do online recharges and bill payments, book movie tickets, do travel bookings among others.
Paytm has become the most preferred payments app in India, enabling users to scan its QR and pay at large merchants, grocery and kirana stores, milk-booths, local taxi/autos fares, petrol pumps, multiplexes, restaurants and more.
Other than payment segment, Paytm this year also stepping into the instant messaging segment to take on the likes of WhatsApp and Hike messenger. The already existing Paytm’s Inbox allows users to chat with their friends and families as well as send and receive money. Also, Inbox users can share live location and recall messages, recently added features on WhatsApp.