Paytm is an Indian e-commerce payment system and financial technology company, based in Noida, Uttar Pradesh, India. Paytm is currently available in 11 Indian languages and offers online use-cases like mobile recharges, utility bill payments, travel, movies, and events bookings as well as in-store payments at grocery stores, fruits and vegetable shops, restaurants, parking, tolls, pharmacies and educational institutions with the Paytm QR code.
California-based PayPal filed a case against Paytm in the Indian trademark office for using a logo with a similar color combination to its own on 18 November 2016. As of January 2018, Paytm is valued at $10 billion.
As per the company, over 7 million merchants across India use their QR code payment system to accept payments directly into their bank account.The company also uses advertisements and paid promotional content to generate revenues.