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Paytm App Leaps on Google Play Store: Crosses 50 Million Downloads

While they are able to recharge their Paytm wallets by using credit or debit cards, the Android app is not responding to payment requests to merchants. (Image: Paytm)

While they are able to recharge their Paytm wallets by using credit or debit cards, the Android app is not responding to payment requests to merchants. (Image: Paytm)

The company has also touched a record 5 million transactions a day and is on the way to process over Rs 24,000 Crores.

Paytm today announced that its Android app had crossed the 50 million installs landmark on Google Play Store in the second week of November 2016. With this, Paytm’s android user-base has now grown to over 75 Million.

Paytm has worked with several OEM Partners and third party app stores to drive an additional 25 million android app users. Its steady iOS, Mobile Web and Desktop users take its overall consumer-base to over 150 million. The company has also touched a record 5 million transactions a day and is on the way to process over Rs 24,000 crores.

Within a year of launching its Online-to-Offline (O2O) payment solution, Paytm has emerged as the fastest growing QR Code-based POS network in the country. The company registered a 700 percent increase in overall traffic and 1000 percent growth in the amount of money added to the Paytm account over the last couple of days.

During this period, the transaction value continued to be 200 percent of the average ticket size while the number of app downloads went up 300 percent. The number of transactions per user also went up from 3 transactions to over 18 transactions in a week indicating a strong set of repeat customers Paytm has now acquired.

Paytm has partnerships with hundreds of thousands of outlets across various categories. Some of its major offline partners include Future Group, More, Big Bazaar, Spencers, eZone, Croma,

Fortis Health World, Indian Oil, Hindustan Petroleum, Mother Dairy, WHSmith, Haldiram’s, Vaango, KFC, Pizza Hut, Barista, Costa Coffee and many more.

first published:November 15, 2016, 11:35 IST