BENGALURU: Payments and commerce company Paytm expects to register an over 50% increase in the worth of goods and services sold every month on its platform as more people begin to use the digital wallet to pay for a range of transactions at stores and theatres across India.
\n
The Noida-based company expects to clock monthly sales of about Rs 3,300 crore ($500 million) by this December with the bulk of it coming from “three categories — ticketing, recharges and offline payments” according to its chief executive officer Vijay Shekhar Sharma<\/a>. This includes payments for parking, movie tickets, fuel, education and travel.
\n
\n $\"\"$
\n
\nAt present, the company records monthly sales of about $300 million and incurs an operating loss of about 1% which includes the cost of online marketing, maintaining a payment gateway and providing cashback incentives to consumers Payment companies are striving to convert cash users to digital in India where the majority of retail transactions are still made by cash.
\n
\nAccording to Sharma, of the 120 million registered users on Paytm, close to 17-million people open the app every day. “We are seeing a network effect, some of our new categories are growing without significant investment,” he said.
\n
The company’s mainstay — cash recharges — now contributes to 22% of sales, while payments for utilities including electricity bills contribute 10% of sales. In the digital wallet business, Paytm competes with Sequoia<\/a> Capital-backed Mobikwik, Snapdeal<\/a>’s FreeCharge and Naspers<\/a> funded PayU Money.
\n
The company is also preparing to spin off its mobile marketplace as a separate entity and brand by the end of this year. China’s Alibaba<\/a> is reported to be considering a possible investment of between $300 million and $400 million in the new entity.
\n
Alibaba, with its affiliate payments company Alipay<\/a>, has already built a significant toehold in Indian online retail with around 40% stake in Paytm and little under 5% stake in Snapdeal.
\n
\nIn September 2015, Alibaba had directly acquired a 20% stake in Paytm while affiliate Ant Financial owned just over 20%.\n\n<\/p><\/body>","next_sibling":[{"msid":53609928,"title":"HP expecting faster India growth despite 'panic' about being disrupted by startups","entity_type":"ARTICLE","link":"\/news\/hp-expecting-faster-india-growth-despite-panic-about-being-disrupted-by-startups\/53609928","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":53610119,"entity_type":"ARTICLE","title":"Paytm looking to register over 50% increase in worth of goods, services sold per month","synopsis":"Alibaba, with its affiliate payments company Alipay, has already built a significant toehold in Indian online retail with around 40% stake in Paytm.","titleseo":"telecomnews\/paytm-looking-to-register-over-50-increase-in-worth-of-goods-services-sold-per-month","status":"ACTIVE","authors":[{"author_name":"Aditi Shrivastava","author_link":"\/author\/479235677\/aditi-shrivastava","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479235677.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479235677,"author_name":"Aditi Shrivastava","author_seo_name":"aditi-shrivastava","designation":"Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-08-09 08:49:33","lastupd":"2016-08-09 08:53:08","breadcrumbTags":["Alibaba","Alipay","Vijay Shekhar Sharma","Naspers","Sequoia","SnapDeal","MVAS\/Apps"],"secinfo":{"seolocation":"telecomnews\/paytm-looking-to-register-over-50-increase-in-worth-of-goods-services-sold-per-month"}}" data-authors="[" aditi shrivastava"]" data-category-name="" data-category_id="" data-date="2016-08-09" data-index="article_1">

Telecom乐动扑克News

Paytm寻求注册货物价值超过增加50%,每月销售服务

阿里巴巴的会员支付公司支付宝,已经建立了一个重要的立足点在印度在线零售Paytm约40%的股份。

Shrivastava Aditi,
等局

更新2016年8月9日08:53点坚持

班加罗尔:支付和商业公司Paytm希望注册一个价值超过增加50%的商品和服务销售每个月在其平台上越来越多的人开始使用电子钱包支付一系列的交易在印度各地商店和剧院。

Noida-based公司希望时钟月度销售约3300卢比(5亿美元),今年12月它的大部分来自“三类,票务、充电和线下支付”根据其首席执行官维贾伊·夏尔马。这包括支付停车、电影票、燃料、教育和旅行。

目前,公司月度销售约3亿美元的记录,需要一个操作损失约为1%,其中包括网络营销的成本,维护一个支付网关和提供超市夜未眠激励消费者支付公司正努力把现金用户数字在印度大部分的零售交易仍由现金。

Sharma说,Paytm 1.2亿注册用户的,接近1700万人每天打开应用程序。“我们看到网络效应,我们的一些新类别越来越没有重大投资,”他说。

公司的支柱——现金充电——现在造成22%的销售,而支付工具包括电费占销售额的10%。在数字钱包业务,Paytm竞争红杉资本入股Mobikwik,SnapdealFreeCharge和NaspersPayU资金资助。

该公司还准备剥离其移动市场作为一个单独的实体和品牌今年年底。中国的阿里巴巴据报道,正在考虑一个可能的投资3亿美元和4亿美元之间的新实体。

阿里巴巴会员支付公司支付宝已经建立了一个重要的立足点在印度在线零售约有40%的股份Snapdeal Paytm和不到5%的股份。

2015年9月,阿里巴巴直接收购20%的股份Paytm虽然从属Ant金融拥有略高于20%。

发布于2016年8月9日08:49点坚持

BENGALURU: Payments and commerce company Paytm expects to register an over 50% increase in the worth of goods and services sold every month on its platform as more people begin to use the digital wallet to pay for a range of transactions at stores and theatres across India.
\n
The Noida-based company expects to clock monthly sales of about Rs 3,300 crore ($500 million) by this December with the bulk of it coming from “three categories — ticketing, recharges and offline payments” according to its chief executive officer Vijay Shekhar Sharma<\/a>. This includes payments for parking, movie tickets, fuel, education and travel.
\n
\n $\"\"$
\n
\nAt present, the company records monthly sales of about $300 million and incurs an operating loss of about 1% which includes the cost of online marketing, maintaining a payment gateway and providing cashback incentives to consumers Payment companies are striving to convert cash users to digital in India where the majority of retail transactions are still made by cash.
\n
\nAccording to Sharma, of the 120 million registered users on Paytm, close to 17-million people open the app every day. “We are seeing a network effect, some of our new categories are growing without significant investment,” he said.
\n
The company’s mainstay — cash recharges — now contributes to 22% of sales, while payments for utilities including electricity bills contribute 10% of sales. In the digital wallet business, Paytm competes with Sequoia<\/a> Capital-backed Mobikwik, Snapdeal<\/a>’s FreeCharge and Naspers<\/a> funded PayU Money.
\n
The company is also preparing to spin off its mobile marketplace as a separate entity and brand by the end of this year. China’s Alibaba<\/a> is reported to be considering a possible investment of between $300 million and $400 million in the new entity.
\n
Alibaba, with its affiliate payments company Alipay<\/a>, has already built a significant toehold in Indian online retail with around 40% stake in Paytm and little under 5% stake in Snapdeal.
\n
\nIn September 2015, Alibaba had directly acquired a 20% stake in Paytm while affiliate Ant Financial owned just over 20%.\n\n<\/p><\/body>","next_sibling":[{"msid":53609928,"title":"HP expecting faster India growth despite 'panic' about being disrupted by startups","entity_type":"ARTICLE","link":"\/news\/hp-expecting-faster-india-growth-despite-panic-about-being-disrupted-by-startups\/53609928","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":53610119,"entity_type":"ARTICLE","title":"Paytm looking to register over 50% increase in worth of goods, services sold per month","synopsis":"Alibaba, with its affiliate payments company Alipay, has already built a significant toehold in Indian online retail with around 40% stake in Paytm.","titleseo":"telecomnews\/paytm-looking-to-register-over-50-increase-in-worth-of-goods-services-sold-per-month","status":"ACTIVE","authors":[{"author_name":"Aditi Shrivastava","author_link":"\/author\/479235677\/aditi-shrivastava","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479235677.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479235677,"author_name":"Aditi Shrivastava","author_seo_name":"aditi-shrivastava","designation":"Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-08-09 08:49:33","lastupd":"2016-08-09 08:53:08","breadcrumbTags":["Alibaba","Alipay","Vijay Shekhar Sharma","Naspers","Sequoia","SnapDeal","MVAS\/Apps"],"secinfo":{"seolocation":"telecomnews\/paytm-looking-to-register-over-50-increase-in-worth-of-goods-services-sold-per-month"}}" data-news_link="//www.iser-br.com/news/paytm-looking-to-register-over-50-increase-in-worth-of-goods-services-sold-per-month/53610119">