by One97 Communications Ltd
Paytm is India's pioneering digital payments platform, founded in 2010 by Vijay Shekhar Sharma under One97 Communications in Noida. What started as a mobile recharge and bill payment app grew into a comprehensive financial services ecosystem — UPI payments, Paytm Wallet, merchant payments (Paytm Soundbox), insurance, lending, investments, and even a mini-app store. With 333 million+ registered users and 100 million+ monthly active users, it is one of India's most widely used fintech apps. Paytm's standout strength is its massive offline merchant network — the Paytm Soundbox (audio confirmation device for QR payments) is ubiquitous across India, from street vendors to large retailers. The platform supports UPI, wallet, credit/debit cards, netbanking, and Paytm Postpaid (buy-now-pay-later). For businesses, Paytm offers payment gateway services, POS devices, and working capital loans through Paytm Capital. Paytm is free for consumers. Merchants pay standard transaction fees (around 2% for non-UPI). After the RBI restrictions on Paytm Payments Bank in January 2024, the company pivoted to a third-party bank model and secured RBI approval as a payment aggregator in November 2025. Ant Financial (Alibaba) fully exited in August 2025, making Paytm 100% Indian-owned. Revenue was ₹2,283 crore in Q2 FY26, and the company reported its first quarterly profit in FY26. Paytm is best suited for anyone in India making digital payments — from UPI transfers to bill payments to merchant QR scans. The app has become bloated with features and ads over the years, and the post-RBI-action trust deficit is real. But its merchant acceptance is unmatched, and for many small-town Indians, Paytm was their first entry into digital payments.
One97 Communications Ltd
4.3/5 on Google Play Store (50M+ downloads) · Last verified 2026-04-25
Hand-picked videos to help you get started — tutorials, demos, and reviews.
Paytm kaise use karte hain - Paytm kaise chalu karen
paytm kaise use karte hain - paytm kaise chalu karen
Paytm Account Kaise Banaye | How To Create Paytm Account | paytm kaise banaye | paytm account create
Paytm Application Kaise Use Kare, Paytm App How To Use Full Details
Paytm is a powerful Indian alternative to these international apps:
Yes, Paytm by One97 Communications Ltd is an Indian alternative to PayPal. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to PayPal →
Yes, Paytm by One97 Communications Ltd is an Indian alternative to Venmo. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to Venmo →
Yes, Paytm by One97 Communications Ltd is an Indian alternative to Cash App. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to Cash App →
Yes, Paytm by One97 Communications Ltd is an Indian alternative to Google Pay. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to Google Pay →
PhonePe Limited
PhonePe is India's most-used UPI payments app, with 700M+ registered users and roughly 46% of UPI transaction volume (NPCI, June 2026). Use it for instant money transfers, mobile recharges, bill payments and merchant QR scans, plus mutual funds, insurance and lending. PhonePe Pulse publishes free public dashboards on India's UPI traffic. Majority-owned by Walmart; headquartered in Bengaluru.
Cashfree Payments India Private Limited
Cashfree Payments is a Bengaluru-based full-stack payments platform for Indian businesses, processing ~$80B a year for 1M+ merchants. RBI-licensed payment aggregator offering a payment gateway, instant payouts and bulk transfers, UPI AutoPay recurring payments, cross-border collections, and KYC verification. 0% fee on UPI and RuPay, ~1.9% on cards, no setup fee, with optional instant settlements. A made-in-India Stripe and PayPal alternative.
Instamojo Technologies
Instamojo is a Bengaluru-based payment and e-commerce platform powering 20 lakh+ Indian businesses since 2012 — payment links, embedded checkout, no-code online store builder, inventory, and integrated shipping. Supports UPI, cards, net banking, wallets, and EMI. mojoXpress for shipping and mojoCapital for business loans. No setup or monthly fees; 2% + Rs 3 per transaction. Stripe and PayPal alternative for Indian SMEs.
IppoPay Technologies Private Limited
IppoPay is a Chennai fintech built for small merchants, freelancers and Tier-2/3 shopkeepers — UPI QR, sound-box payment alerts, POS, payment links/pages and merchant lending in one app. Domestic cards, net banking and UPI cost 1.9%, international cards 3.5%, no setup or monthly fee. Its own terms admit it does not itself hold RBI Payment Aggregator authorisation — settlement runs through partnered, RBI-regulated banks. Play Store rating: 4.0 from 1,691 reviews.
Razorpay Software Limited
Razorpay is India's largest online payment gateway from Bengaluru with 8M+ merchants, 55% market share, and 35M daily UPI transactions. Developer-friendly APIs supporting 100+ payment methods (UPI, cards, net banking, wallets, EMI, international), Payment Links and Pages for non-technical merchants, and integrations with Shopify and WooCommerce. RazorpayX for business banking, payroll, and Capital lending. 2% per transaction, no setup fee. Stripe alternative.
National Payments Corporation of India
BHIM (Bharat Interface for Money) is India's official UPI payment app by NPCI with 100M+ downloads and 128M active users. Instant peer-to-peer transfers, bill payments, merchant QR scanning, and balance checks linked directly to bank accounts. UPI Lite+ enables PIN-free payments up to Rs 1,000 per transaction. Supports 12+ Indian languages. Completely free with zero transaction fees, no ads. Government-backed PhonePe and Google Pay alternative.
