Paytm has launched a fully indigenous technology platform to transform digital transactions and enable affordable access to financial services. The revamped platform is expected to provide a fast, secure, and seamless payment experience with its world-class infrastructure capable of handling up to 10 times the current scale. Paytm has already revolutionized mobile, QR, and Soundbox payments, and the new technology platform is poised to promote the sustainable growth of digital payments and financial services in India. The fintech firm has proved that India can build world-class technology software of scale with its in-house technology software. The company’s founder and CEO, Vijay Shekhar Sharma, emphasized that the new platform is a key milestone in Paytm’s journey from pioneering new innovations to building solutions for India’s small and large merchants.
Paytm Launches New Technology Platform for Digital Payments
Paytm, a fintech firm that offers digital payments and financial services, has launched a fully indigenous technology platform. The company, which is known for empowering users with its ‘Made in India’ payments platform, aims to provide a fast, secure, and seamless payment experience through its revamped platform.
The new payments infrastructure, which has a world-class platform capable of handling up to 10 times the current scale, is expected to promote sustainable growth of digital payments and financial services in India. Paytm has already made significant contributions to the Indian fintech industry by revolutionizing mobile, QR, and Soundbox payments.
Paytm’s new platform will transform digital transactions and enable affordable access to financial services. As a result, the company will be able to handle the fast-growing digital payments opportunities in the country. Paytm’s technology software of scale, built entirely in-house, is a shining example of India’s capability to build world-class technology.
Vijay Shekhar Sharma, Founder and CEO of Paytm, said that the new platform is a key milestone in Paytm’s journey from pioneering new innovations to building solutions for India’s small and large merchants. He added that the company has built a new operational risks system and fraud management from the ground up, catering to India’s payments growth. The new platform is capable of scaling up to 10 times the current payment volume in India.
Paytm’s new technology platform is a significant development that will promote the growth of digital payments and financial services in India. With its new technology, Paytm is poised to continue its success as a fintech pioneer and disruptor in the Indian market.
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