Paytm is one of the leading online payment portal. But as every business evolves, they also evolved from a payment wallet to a bank and then they also opened up their e- commerce department in the same website. Now we all know a lot of things about the paytm but do we all know how did it all start and what exactly is the best part of it?

To know more about it we would definitely uncover a few facts and figures about the paytm app and website. We are also going to discuss the liking of this wallet among all the other wallets in the market, including, Google Tez (Google Pay), Phonepe, Mobikwik, Freecharge,and others.

So let’s start form the very beginning;

What was the initial phase of Paytm and how did it get the kick-start

Paytm was initially a payment wallet which was introduced in the year 2010 in India. Initially, it was not a great success for the CEO and the founder of the wallet but later on; when after 6 years the Prime Minister implemented demonetization in our country thinks got fired up for this payment wallet. They got a J curve in their business and with all that the high domain notes which were 500 and 1000 getting banned people switched to paytm. Although wallets like Amazon pay and Airtel payment wallets came into picture way after that but Paytm got an instant rise in profits and users during this phase.

Paytm helped India to be cashless and also provided a lot of ease in their day to day life. It gave them a direct connection to their bank accounts and presently this company is having revenue of about 814 crores. After a period of time it started showing people how to use paytm at ease, but then when it saw that people are still having a problem they introduced QR codes that made payment even simpler. Although the Airtel money app is doing very well in competing the Paytm they are way behind in business.

Comparison of Paytm with Other Wallets

Now when Paytm started acquiring a lot of markets, the other apps such as the Freecharge app, Mobikwik started revolutionizing their concepts and followed the footsteps of Paytm. But then came an app named as Google Tez app. All these Apps are available on Google playstore or Iphone stores. This year we will witness some new android smartphones upcoming in the Indian market. The Upcoming smartphones in 2019 will support these apps and will give a new boost to these digital payment apps. One of the best things that this app gave to the users was the cash back. Whenever you get the cash back it directly gets credited to your account so you would not have to bother keeping it in your app’s wallet or transfer it to the account. It already gets into your bank directly. So in a battle of Google Tez  vs Paytm wallet, there are a few things that are advantageous for Tez and some are that will give Paytm an upper hand. Being 2 different platforms of marginally different arenas these cannot compete with each other.

Mobikwik VS Paytm

Now, this is a good battle to host, so let’s start it with perks of both the opponents.

Mobikwik is one payment wallet that is going to give you a lot of offers and deals but then Paytm is one of the best e-wallets in India. They have some cool offers like, you can pay using Mobikwik and save money or save on stores by using the wallet. Best things about Mobikwik:

• Mobikwik is giving out supercash if you pay through the app on BMS.
• You can now save more on local market shopping.
• You can save extra money by using Mobikwik on petrol pump.
• You can save on each ride when you pay through this app on Uber.

And with their e-commerce section and their own bank into the picture, they have gone to a very different zone where they have cracked to make an entry barrier. Moreover paytm also provides some cool offers on movie tickets, groceries,and other stuff. So amongst them paytm benefits are more or less emphatic over Mobikwik. But it is considerably equivalent to the Bhim pay app.

Some Latest Offers on Freecharge

• If you buy a PUBG mobile outfit you get 720 INR Bonus
• You can also get extra flat 10 INR cashback
• If you use freecharge to pay in Pizza Hut you get to enjoy 15% OFF.

Exciting offers  with Amazon Pay

• You can get up to 4000 INR cashback on your shopping done on Amazon
• You can also enjoy up to 175 INR on food order with Swiggy.
• You also get to enjoy no cost EMIs on electrical appliances.

Paypal Vs Paytm

A bit interesting to write but we all know what Paypal is. Paytm is accepted in India whereas Paypal has its wings all over the world. Be it any e- commerce website or another online store most of them have a PayPal option. You can purchase and sell products using the Paypal account. It can transfer your money within 24 hours and has no limits of transferring the money. If you get another currency they charge you a little amount but then they are globally accepted what else you would want. Whereas due to the limitations of the Paytm here we cannot say that it will win over Paypal. But yes in India money transfer on paytm is easier and there are no charges.

From all the aspects that we have seen in this article, we can say that paytm mobile app is one of the best that you would get in India. They have exceptionally well usage and can go up to a lot of varieties in the coming future. So, if you use paytm well and good but if you don’t you are missing out on something very good.  It would not just save you a lot of money but will make you go digital.