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Business
Advantages, Limitations & Requirments
Paytm is a leading digital payments company in India. It allows users to make online payments using their Paytm wallets, which can be linked to bank accounts or credit/debit cards. Paytm offers various other services, such as mobile recharges, utility bill payments, and movie ticket bookings.
The Paytm business model is based on providing a convenient and easy-to-use platform for digital payments. The company makes money through transaction fees charged on certain types of transactions, as well as through advertising and other revenue streams.
Transaction Fees
Paytm charges transaction fees on certain types of payments made through its platform. These include:
1. Payments made using credit/debit cards: A 2% fee is charged on these transactions.
2. Utility bill payments: A convenience fee of Rs 10 for each payment using Paytm.
3. Movie ticket bookings: A convenience fee of Rs 50 per ticket is charged for bookings made using Paytm Wallet or UPI (unified payment interface). This fee is waived for bookings made using credit/debit cards.
