The payments and financial services platform Paytm’s parent, One97 Communications, recently announced the debut of a brand-new, technological platform that was entirely created in-house.
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Key Features of the Platform
Paytm, with its technology-driven innovations that have given customers access to a “Made in India” payments platform, has been at the forefront of India’s digital revolution.
Source: Google
The redesigned platform for the fintech company is expected to significantly support its fast, secure, and seamless payments.
The growth of digital payments and financial services in India will be promoted by the new payment infrastructure provided by Paytm.
“With a world-class platform that can handle up to 10 times the current scale, Paytm has set a gold standard for fintech, aimed at handling the fast-growing digital payments opportunities in the country,” it said in a release.
How It Will Revolutionize Digital Payments
The company’s new platform will transform digital transactions, giving easy access to financial services after revolutionizing mobile, QR, and Soundbox payments.
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With its iconic Soundbox, another brilliant example of “Made in India,” the digital disruptor created a stir in the world of digital payments.
Source: Google
By developing digital payments technology for Japan, the fintech pioneer has already demonstrated its technological prowess.
“As a key milestone of the journey of Paytm payments platforms from pioneering new innovations to building solutions for India’s small and large merchants, we have come a long way. Today, by making sure that every component of our technology is made in-house, we have proved that India can build world-class technology software of scale,” said Vijay Shekhar Sharma, Founder, and CEO – Paytm.
“We have built a new operational risks system and fraud management from the ground up, catering to India’s payments growth. This platform will be able to scale up to 10 times the payments in India. We are here to serve India with a technology made in India. We are proud that we are making this in India for the world,” he added..
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