uttar pradesh india area served india founder s vijay shekhar sharma key people vijay shekhar sharma ceo industry internet services online shopping parent one97 1 website paytm.com alexa rank 281 as of august 2016 update 2 type of site e commerce current status online paytm is an indian e commerce website headquartered in noida india . it was launched in 2010 and adds to the industry of fintech in india . it is owned by one97 communications . the firm started by offering mobile recharging adding bill payment and e commerce with products similar to businesses such as flipkart amazon.com snapdeal . in 2015 it further added booking bus travel . 3 paytm also launched movie ticket booking by partnering with cin polis in the year 2016 . 4 contents 1 background 2 funding 3 partners 4 payments bank 5 sponsorship 6 references 7 further reading 8 external links background edit paytm was founded and incubated by one97 communications in 2010 as a prepaid mobile recharge website . paytm is an acronym for pay through mobile . 5 with android windows and ios apps . in 2014 the company launched paytm wallet now india s largest mobile payment service platform with over 100 million wallets & 10 million app downloads . 6 according to data shared by app annie a mobile tracking website amazon has taken the second position from paytm in terms of mobile downloads . 7 funding edit in march 2015 indian industrialist ratan tata made personal investment in the firm . 8 the same month the company received a 575 million investment from chinese e commerce company alibaba group 9 after ant financial services group an alibaba group affiliate took 25 % stake in one97 as part of a strategic agreement . 10 paytm borrowed 300cr from icici bank in march 2016 as working capital . partners edit the application enables users to perform purchases such as air tickets taxi booking mobile recharge dth bill payment and electricity payment among others . 11 paytm users can also pay for fuel at indian oil petrol pump through the wallet . 12 users can also book movie tickets as the e commerce player has partnered with pvr cinemas . 13 payments bank edit in 2015 paytm received a license from reserve bank of india for starting india s first payments bank . the bank intends to use paytm s existing user base for offering new services including debit cards savings accounts online banking and transfers to enable a cashless economy . the payments bank would be a separate entity in which the founder vijay shekhar sharma will hold 51 % one97 communications will hold 39 % and 10 % will be held by a subsidiary of one97 and sharma . 14 paytm is also approved as an operating unit for bharat bill payment system as a result of which users can pay their bills anytime and anywhere . 15 sponsorship edit paytm holds the title track rights from board of control for cricket in india bcci for all international and domestic bilateral series hosted by the bcci for a period of four years a total of 84 matches starting from august 2015 for inr 203 crore 32 million usd or inr 2.42 crore per match played in india . the rights include sponsor branding of series with the title sponsor logo designation as the title sponsor of the series visibility at the stadium and broadcast sponsorship rights . 16 this also includes all bcci domestic ranji trophy and duleep trophy etc. matches in india . 17 previously paytm had spent about inr 50 crore during 8th season of indian premier league . paytm also served as an associate sponsor on sony tv network which has the telecast right of ipl and was the official partner of the ipl team mumbai indians . references edit alibaba enters india s e commerce space with 25 % stake in paytm owner one97 . india times . 6 february 2015 . retrieved 30 march 2015 . paytm.com site overview . alexa internet . retrieved 2016 07 15 . verma shrutika 14 january 2015 . alibaba diverges with softbank with paytm pick . live mint . retrieved 30 march 2015 . paytm cinepolis tie up to expand consumer entertainment avenues . business standard . 11 may 2016 . retrieved 22 may 2016 . paytm always bringing the uber experience to you . paytmkaro . paytm . november 13 2014 . russell jon 13 march 2015 . india s top mobile wallet app adds support for payments to bank accounts . techcrunch . retrieved 30 march 2015 . amazon pips paytm to no. 2 slot in app downloads . the financial express . 18 may 2016 . retrieved 22 may 2016 . sharma samidha 13 march 2015 . ratan tata s fifth personal investment in the digital economy is paytm . times of india . retrieved 30 march 2015 . goyal malini 15 march 2015 . how startups have successfully established their own rules of hiring rewarding & retaining talent . times of india . retrieved 30 march 2015 . shu catherine 5 february 2015 . alibaba s financial affiliate takes 25 % stake in india s one97 owner of paytm . techcrunch . retrieved 30 march 2015 . m wallets may make hard currency history . the hindu . 2 may 2016 . retrieved 21 may 2016 . pay for petrol with paytm at indian oil pumps . 8 february 2016 . retrieved 20 may 2016 . paytm partners with pvr cinemas . the times of india . 21 march 2016 . retrieved 20 may 2016 . aamir mohamed 14 september 2015 . paytm plans to start india s first payments bank . economic times . payu india paytm get in principle approvals for consumer bill payment services . economic times . 16 may 2016 . retrieved 21 may 2016 . malvania urvi 31 july 2015 . paytm bags 4 yr bcci title sponsorship for rs 203 cr . business standard . retrieved 27 august 2015 . paytm becomes title sponsor of india s home matches till 2019 . the indian express . 30 july 2015 . retrieved 21 may 2016 . further reading edit paytm to hire 400 employees . the times of india . 22 march 2014 . akolawala tasneem 19 december 2014 . paytm wants to go global looks to enter singapore and south east asian markets . bgr india . itika sharma punit 25 march 2015 . paytm looks to double headcount in fy16 . business standard . paytm expands mobile wallet capabilities in india . mobile payments today . 13 march 2015 . varun jain 17 march 2015 . paytm takes delhi metro route to reach potential customers . the economic times . external links edit official website v t e payment service providers align commerce billdesk braintree chase paymentech citrus pay clinkle cng processing a s dwolla flattr instamojo klarna netbanx neteller ogone onevu oxigen services passport paydirect payoneer paypal paypoint paysafe group paytm payzone poli payments propay qiwi red dot payment skrill sleekpay square stripe timesofmoney versapay vmoney vpay wepay wirecard worldnet tps worldpay xfers xoom yandex.money yapstone category list v t e fintech in india payment gateways billdesk citrus pay instamojo mobile wallets freecharge mobikwik paytm retrieved from https en.wikipedia.org w index.php title paytm & oldid 743957200 categories internet properties established in 2010privately held companies of indiapayment service 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