V
ijay Shekhar Sharma, the founder of Paytm, pursued his education at the Delhi College of Engineering (now known as Delhi Technological University). He graduated with a degree in Electronics and Communications Engineering. His academic background in engineering, combined with his entrepreneurial spirit, laid the foundation for his ventures into the technology and fintech sectors.
Vijay Shekhar Sharma early exposure to the internet and technology during his college years inspired him to start One97 Communications, the parent company of Paytm, in 2000. His innovative approach and ability to identify opportunities in the digital space have been key factors in the success and growth of Paytm.
Vijay Shekhar Sharma is the founder of Paytm, one of India’s leading financial technology companies. He launched Paytm in August 2010 under the parent company One97 Communications, which he also founded. Sharma’s vision was to create a platform that simplifies mobile payments and drives financial inclusion in India.
Born in Aligarh, Uttar Pradesh, Sharma graduated from the Delhi College of Engineering (now Delhi Technological University). His entrepreneurial journey started with the founding of One97 Communications in 2000, which initially focused on mobile content before evolving into a major digital payments and financial services provider.
Under Vijay Shekhar Sharma leadership, Paytm has grown rapidly, expanding its services from mobile recharges to a comprehensive suite of financial services, including the Paytm Payments Bank, wealth management, insurance, and e-commerce through Paytm Mall. The company has played a significant role in promoting digital payments in India, especially after the government’s demonetization move in 2016, which increased the demand for cashless transactions.
Vijay Shekhar Sharma innovative approach and commitment to digital financial inclusion have earned him recognition as one of India’s most influential entrepreneurs in the tech and finance sectors.
Paytm in India
Paytm is a large financial services (fintech) company based in India. Founded by Vijay Shekhar Sharma in 2010, it has become one of India’s leading digital payment platforms. Paytm offers a range of services including mobile payments, digital wallets, online shopping and financial services such as insurance and health management. Shop and send money to friends and family. It gained popularity in India, especially after demonetization in 2016 increased digital spending in the country. Banking business offering savings and financial products. Paytm has also ventured into e-commerce through its Paytm Mall platform, which provides a marketplace for sellers and buyers. Business
Paytm IPO
One 97 Communications Limited is all set to enter the capital market with an initial public offering of Rs 1 crore by taking the entire amount up to Rs 18,300.00 billion.
The company had more than 333 million customers and more than 21 million registered merchants for whom it provides payment services, financial services, marketing and cloud services. Registrations will begin on November 8 and end on November 10, 2021. 2080 to 2150 per share.
Paytm Soundbox
It is a small, portable speaker that can be used to send daily payment reminders and comes with SIM-based connectivity. When the customer pays by scanning the Paytm QR code, the Soundbox will notify you with an alarm that the payment has been completed.
Paytm Payments Bank Issue
The last date for Paytm Payments Bank customers to deposit and process loans has been extended until March 15. The decision follows ongoing problems at the bank that have caused concern among customers and regulators.
Prohibition order Paytm Payments Bank has stopped accepting new deposits after giving the company enough time to correct its mistakes. Node accounts belonging to Paytm Payment Services will be terminated early by February 29 at the latest.
The RBI statement states that after March 15, 2024, holders of current or savings accounts with Paytm Payments Bank would still be able to withdraw or transfer money from this account. Additionally, they are still able to withdraw or transfer money using your debit card up to the available balance.
Paytm Payments Bank was fined by the RBI in October 2023 for a number of infractions pertaining to beneficiary identification, cyber security guidelines, and late reporting. Following that, the bank was instructed to cease operations by January 31, 2024.
As the nominee of One97 Communications Ltd on the Paytm Payments Bank board, Paytm Founder and CEO Vijay Shekhar Sharma has resigned from his position as the bank’s part-time non-executive chairman and board member.
