Paytm beats Phonepe, Google Pay

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On Wednesday, Paytm reported its financial performance for FY23, where its revenues swelled to Rs 7,991 crore just inches away from a billion dollars.

Now Paytm is also placed in the leading spot in the Indian fintech space and miles ahead and gave different directions in terms of marketing with its idea of Wallet, UPI, Postpaid, Food Wallet, Fastag and a variety of banking products available through Paytm Payments Bank.

While PhonePe and Google Pay are focused on UPI P2P, Paytm has taken the cake with its diversification of business. In fact, Paytm has been focused on merchant payments, where it actually makes money.

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