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Paytm is an e-commerce payment system and digital wallet company and was founded in 2010 by Vijay Shekhar Sharma. Paytm was one of the initial company to start digital payments in India and it was marketed and advertised in a good way at an early stage, so where did the things went wrong...?
Paytm uses digital wallet and you need to recharge it again and again. But during 8th November 2016 demonization happened in India and Paytm knew this was there opportunity to shine, this was the time where this was their chance to turn their cons into pros. And thats what happened their users increased, everyone started using Paytm, from vegetable vendor to middle class people. But this hype was just lasted till new currency came into rotation The reason Paytm lagging is
1.Less security
2.Not bank to bank transfer.
3.Lots of junk
4.Customer service
5.Poor advertising
6.New players come with better offer.
In now a days paytm is just used as an alternate mode of payment where as most of the market share is taken by phonepe and google pay.
PhonePe is best in terms of service, speed, user interface and cashback. In PhonePe you can link your JioMoney FreeCharge and Airtel Money account and use the money of these apps in PhonePe
There is an "app" section in PhonePe where you will find various other partners including IRCTC, redBus, Goibibo Flights, OlaCabs, Delhi Metro, Mumbai Metro, OYO Hotels, Myntra, Coolwinks, etc. The best thing is all the cashback from various websites will be in PhonePe wallet and you can use it in latert transactions
Flipkart accepts PhonePe and the best thing is if you did payment through the wallet and later you cancel the purchase you will get an instant refund in no time in your wallet.
And because of their advertising and marketing strategy they rule the market now.
Hope this blog was informative and helped you in some kind. Feel free to give your suggestion by commenting in the comment section below. Be updated for more post by SUBSCRIBING us and following us on social media.Thank You for visiting Info Thirst.
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Paytm is an e-commerce payment system and digital wallet company and was founded in 2010 by Vijay Shekhar Sharma. Paytm was one of the initial company to start digital payments in India and it was marketed and advertised in a good way at an early stage, so where did the things went wrong...?
Paytm uses digital wallet and you need to recharge it again and again. But during 8th November 2016 demonization happened in India and Paytm knew this was there opportunity to shine, this was the time where this was their chance to turn their cons into pros. And thats what happened their users increased, everyone started using Paytm, from vegetable vendor to middle class people. But this hype was just lasted till new currency came into rotation The reason Paytm lagging is
1.Less security
2.Not bank to bank transfer.
3.Lots of junk
4.Customer service
5.Poor advertising
6.New players come with better offer.
In now a days paytm is just used as an alternate mode of payment where as most of the market share is taken by phonepe and google pay.
PhonePe is best in terms of service, speed, user interface and cashback. In PhonePe you can link your JioMoney FreeCharge and Airtel Money account and use the money of these apps in PhonePe
There is an "app" section in PhonePe where you will find various other partners including IRCTC, redBus, Goibibo Flights, OlaCabs, Delhi Metro, Mumbai Metro, OYO Hotels, Myntra, Coolwinks, etc. The best thing is all the cashback from various websites will be in PhonePe wallet and you can use it in latert transactions
Flipkart accepts PhonePe and the best thing is if you did payment through the wallet and later you cancel the purchase you will get an instant refund in no time in your wallet.
And because of their advertising and marketing strategy they rule the market now.
Hope this blog was informative and helped you in some kind. Feel free to give your suggestion by commenting in the comment section below. Be updated for more post by SUBSCRIBING us and following us on social media.Thank You for visiting Info Thirst.
Like.Share.Grow
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