Nigeria FinTech Landscape - Impact Assessment

Paytm company profile paytm L 啞 A M Company Description SOURCE: McKinsey Panorama Paytm started by offering mobile recharge and utility bill payments and expanded to offer a full marketplace to consumers, available on web or mobile It is also one of the largest online payment gateways in India for various companies within e-commerce, food and travel industries For retail customers it offers a digital wallet and credit card services: Paytm's digital wallet is enabling to easily pay to merchants who are are only paid when the customer received the ordered item in satisfactory condition, and also offers instant P2P money transfer Paytm First Card is a VISA credit card offering cashback on purchases (in partnership with Citibank) Paytm offers for merchants: Different ways to collect payments including gateways (web or mobile), QR code based and subscription payment solutions Paytm Smart Retail offers hardware and software solutions for in-store POS systems, incl. portable or full- service POS terminals, and marketing, reporting, loyalty, inventory management services Employee payment solutions like tax-free meal allowance and cash disburse Also launched a mobile-first digital bank for individuals, Paytm Payments Bank, providing current and savings accounts, debit card, mobile wallet, cashback and access to cash at more than 200,000 ATMs across India What makes them distinctive Business model Similar solutions Reduces user drop offs from merchant sites, wallet can have 50% conversion in some online sites Simple and convenient: with a single click, the user sees his available wallet balance & saved cards too and does the payment, SMEs can set up their operations to receive payments through Paytm within minutes Sellers have pricing options and can access rich customer insights based on analytics Revenue model Commission Details Merchants pay a share of the transaction value as a fee for Paytm for every transaction on the platform Fees vary between product categories Paytm Payments Bank accounts have no fee on online transactions, no minimum balance, free virtual debit card and charge 1% per domestic money transfers Paytm Smart Retail POS system costs ₹999/month ($143) and loyalty and CRM add- on costs ₹999/month ($143) Paytm First Card has an annual fee of $500. There is no fee if the user spends more than 50,000 in a year GrameenKootaⓇ financial services PayPal Fusion Microfinance Mobikwik MICROENSURE RXNİ BOUGHTPAY BYMANY Razorpay онфу 113 EFINA

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