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Updated:Apr 23, 2026
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Paytm's mobile wallet growth and merchant adoption in India (2010–2018)

Paytm's mobile wallet growth and merchant adoption in India (2010–2018)

  1. Paytm founded as mobile recharge platform

    Labels: One97 Communications, Mobile recharge
  2. Sapphire Ventures invests $10 million in One97

    Labels: Sapphire Ventures, One97 Communications
  3. Paytm adds bill payments beyond recharges

    Labels: Paytm, Bill payments
  4. Paytm Wallet added as IRCTC payment option

    Labels: IRCTC, Paytm Wallet
  5. RBI grants in-principle approval for Paytm Payments Bank

    Labels: RBI, Paytm Payments
  6. Paytm reports rapid scaling of active users

    Labels: Paytm, Active users
  7. Paytm Payments Bank is formally inaugurated

    Labels: Paytm Payments, Inauguration
  8. Paytm crosses 100 million downloads on Google Play

    Labels: Google Play, Paytm
  9. Paytm targets expansion from six to ten million merchants

    Labels: Paytm, Merchant expansion
  10. Paytm reports eight million merchants accepting Paytm QR

    Labels: Paytm, Offline merchants
  11. Paytm says five million offline merchants accept UPI

    Labels: Paytm, UPI acceptance