Paytm's is loved by the shoppers, not just because it is gives awesome deals and offers but the kind of the compatibility it gives to the shoppers. Be it shopping online or be it ordering the food offline while sitting at a restaurant like Domino's of CCD, Paytm is there to help customers. This mobile commerce company has been backed by the ecommerce giant Alibaba.com and since its inception it has seen an unprecedented rise in the customer base.
Well, this time it is back with the collaboration with these offline physical food retail outlet like Domino's and Cafe Coffee Day so that if the a user Paytm is feelonghungry then it is there to help him/her out. Paytm is a mobile commerce platform which offers and recharge services for DTH (direct-to-home) and mobile networks mainly along with it, Paytm gives exclusive offers and discounts on apparels and other retail products which can be bought online.
According to the Vice-President of Paytm Mr. Amit Lakhotia:
"We are now foraying into the offline space. We have partnered various QSRs covering 7,000-10,000 outlets in cities like Delhi, Mumbai, Bangalore and Hyderabad, The integration is on and the service should be available by mid-June, Mobile wallet usage is definitely growing in the country. On our platform alone, about 66 million people are using the wallet services and the number will cross 100 million much before the year ends, and by going offline, Paytm will offer customers the choice to pay through a secure and reliable platform,"
Paytm functions as a digital wallet where you can store money and make purchases through it. Every time you make some purchase or do any kind of recharge, the Paytm gives you some cashback on the money you have in wallet. THe money, if you need back in your account, will be transferred into your back account, whenever you want. This is not the first time when Paytm has collaborated wuth any business to benefit its customers.
As of now, Paytm is expecting a revenue of around $4 billion (Rs 26,000 crore) by the end of this year. It is $1.5 (10,000 crores aprox.) billion now. Febuary was a golden month for Paytm as Alibaba acquired a 25 per cent stake in One97 Communications, which is the parent company of mobile commerce firm Paytm.