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Paytm’s one month of success post demonetization in 8 slideshttps://www.businessinsider.in/finance/paytms-one-month-of-success-post-demonetization-in-8-slides/slidelist/55877571.cms2016-12-08T19:31:28+05:30

Paytm’s one month of success post demonetization in 8 slides

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Dec 8, 2016, 19:31 IST

One month post demonetization for Paytm

One month post demonetization for Paytm — It all started with a controversial ad Paytm put up in newspapers the very next day after Modi’s big announcement of demonetization. The ad featuring Prime Minister Narendra Modi thanked him on “taking the boldest decision in the financial history of independent India!”

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One month post demonetization for Paytm

One month post demonetization for Paytm — And while the govt struggled with implementation of the demonetization move, Paytm's logo made it to small tea stalls, parking lots, temples, and even wedding invitations!

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One month post demonetization for Paytm

One month post demonetization for Paytm — Since the demonetization move, Paytm reported over five million transactions every day, biggest growth the company has ever seen.

One month post demonetization for Paytm

One month post demonetization for Paytm — Paytm saw a 700% hike in its customers and traffic on the portal after the high-value currency notes were abolished.

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One month post demonetization for Paytm

One month post demonetization for Paytm — Huge growth in traffic led to a whopping 100% growth in the money value across Paytm accounts.

One month post demonetization for Paytm

One month post demonetization for Paytm — Paytm hired 9,000 staff to move on with their payments bank and help achieve cashless India goals

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One month post demonetization for Paytm

One month post demonetization for Paytm — Paytm put in place a toll free number for expanding its availability to users with feature phones.

One month post demonetization for Paytm

One month post demonetization for Paytm — Taking it a step further, Paytm has now made it possible for consumers and merchants to pay and receive money without an internet connection.

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