Dr. D. Y.

Patil Institute Of Hotel

Management Catering And Technology,
Tathawade, Pune

“Customer Satisfaction Survey”

On Paytm

Submitted to – Ms. Neha Saxena

Submitted by – Tushar S Chaudhari
Class – Final Year BHMCT
AKNOWLEDGEMENT
INDEX
 E-commerce payment system

An e-commerce payment system (or electronic payment system)

facilitates the acceptance of electronic payment for online
transactions. Also known as a subcomponent of Electronic Data
Interchange (EDI), e-commerce payment systems have become
increasingly popular due to the widespread use of the internet-based
shopping and banking.
Paytm is an Indian e-commerce payment system and digital wallet
company, based out of NOIDA SEZ, India.
Paytm is available in 11 Indian languages and offers online use -cases
like mobile recharges, utility bill payments, travel, movies, and events
bookings as well as in-store payments at grocery stores, fruits and
vegetable shops, restaurants, parking, tolls, pharmacies and
education institutions with the Paytm QR code.
 Introduction To Paytm

Paytm ("Pay-T-M", pronounced similar to ATM) is an Indian e-

commerce payment system and digital wallet company, based out
of Noida, India.
Paytm is available in 11 Indian languages and offers online use-cases like
mobile recharges, utility bill payments, travel, movies, and events bookings as
well as in-store payments at grocery stores, fruits and vegetable shops,
restaurants, parking, tolls, pharmacies and educational institutions with the
Paytm QR code. California based PayPal had filed a case against Paytm in the
Indian trademark office for using a logo similar to its own on 18 November
2016. As of January 2018, Paytm is valued at $10 billion.
As per the company, over 7 million merchants across India use this QR code to
accept payments directly into their bank account. The company also uses
advertisements and paid promotional content to generate revenues.
 History

Paytm was founded in August 2010 with an initial investment of $2 million by

its founder Vijay Shekhar Sharma in Noida, a region adjacent to India's capital
New Delhi. It started off as a prepaid mobile and DTH recharge platform, and
later added data card, postpaid mobile and landline bill payments in 2013.

By January 2014, the company launched the Paytm Wallet, and the Indian
Railways and Uber added it as a payment option. It launched into e-commerce
with online deals and bus ticketing. In 2015, it unveiled more use-cases like
education fees, metro recharges, electricity, gas, and water bill payments. It
also started powering the payment gateway for Indian Railways.

In 2016, Paytm launched movies, events and amusement parks ticketing as

well as flight ticket bookings and Paytm QR. Later that year, it launched rail
bookings and gift cards.

Paytm's registered user base grew from 11.8 million in August 2014 to 104
million in August 2015. Its travel business crossed $500 million in annualized
GMV run rate, while booking 2 million tickets per month.

In 2017, Paytm became India's first payment app to cross over 100 million app
downloads. The same year, it launched Paytm Gold, a product that allowed
users to buy as little as ₹1 of pure gold online. It also launched the Paytm
Payments Bank and ‘Inbox’, a messaging platform with in-chat payments
among other products. By 2018, it started allowing merchants to accept Paytm,
UPI and card payments directly into their bank accounts at 0% charge. It also
launched the ‘Paytm for Business’ app, allowing merchants to track their
payments and day-to-day settlements instantly. This led its merchant base to
grow to more than 7 million by March 2018.

The company launched two new wealth management products - Paytm Gold
Savings Plan and Gold Gifting to simplify long-term savings. It launched into
gaming and investments, partnering with AG Tech to launch a mobile games
platform Game pind, and setting up Paytm Money with an investment of ₹9
crore to bring investment and wealth management products for Indians.
 Competitor’s

PayPal :
PayPal Holdings Inc. is an
American company operating
a worldwide online payments
system that supports online money
transfers and serves as an electronic
alternative to traditional paper methods
like checks and money orders. The
company operates as a payment
processor for online vendors, auction sites, and many other commercial users,
for which it charges a fee in exchange for benefits such as one-click
transactions and password memory. PayPal's payment system, also called
PayPal, is considered a type of payment rail.

Established in 1998 as Confinity, PayPal had its initial public offering in

2002, and became a wholly owned subsidiary of eBay later that year. eBay
spun off PayPal in 2015. The company ranked 222nd on the 2018 Fortune 500
of the largest United States corporations by revenue.

PhonePe :
PhonePe is an Indian e-
commerce payment system and digital
wallet company headquartered in
Bangalore, India. It was founded in
December 2015, by Sameer Nigam,
Rahul Chari and Burzin Engineer.
PhonePe app went live in August 2016
and was the first payment app built on
Unified Payments Interface (UPI).

The PhonePe app is available in over 11 Indian languages. Using

PhonePe, users can send and receive money, DTH, recharge mobile, data
cards, make utility payments, buy gold and shop online and offline. In addition
PhonePe also allows users to book Ola rides, pay for Redbus tickets, order food
on Freshmenu, eaf,fit and avail Goibibo Flight and Hotel services through
microapps on its platform.

PhonePe is accepted as a payment option across 5 million offline and online

merchant outlets covering food, travel, groceries, movie tickets etc. The app
crossed 100 million user mark in June 2018 and also crossed 2 billion
transactions in April 2019.

It is licensed by the Reserve Bank of India for issuance and operation of a Semi
Closed Prepaid Payment system.

Google Pay :
Google Pay (stylized as G Pay;
formerly Pay with Google and Android
Pay) is a digital wallet platform
and online payment system developed
by Google to power in-app and tap-to-
pay purchases on mobile devices,
enabling users to make payments
with Android phones, tablets
or watches.
As of January 8, 2018, the old
Android Pay and Google Wallet have unified into a single pay system called
Google Pay. Android Pay was rebranded and renamed as Google Pay. It also
took over the branding of Google Chrome's autofill feature. Google Pay adopts
the features of both Android Pay and Google Wallet through its in-store, peer-
to-peer, and online payments services.
The rebranded service provided a new API that allows merchants to add the
payment service to websites, apps, Stripe, Braintree, and Google Assistant. The
service allows users to use the payment cards they have on file with Google
Play.
The Google Pay app also added support for boarding passes and event
tickets in May 2018.
 MobiKwik :

MobiKwik is an Indian company

founded in 2009 that provides a mobile
phone based payment
system and digital wallet. Customers
add money to an online wallet that can
be used for payments. In 2013
the Reserve Bank of India authorized
the company's use of the MobiKwik
wallet, and in May 2016 the company began providing small loans to
consumers as part of its service. The company launched its MobiKwik
Lite mobile app in November 2016, designed for users of older 2G mobile
networks and for those in areas with poor internet connectivity. In November
2016, the company reported having 1.5 million merchants using its service and
a user base of 55 million customers.

Freecharge :

FreeCharge is a digital
marketplace for financial services
based in Gurugram, Haryana, India.
FreeCharge services are available
across a range of financial
instruments including savings,
payments, insurance, investment and lending. The company’s focus is to create
an ecosystem of innovative products and features that enables cashless
transactions. FreeCharge consumers can pay utility bills (Electricity, Gas), pay
Landline bills or recharge Mobile, Broadband, DTH and Metro cards. In
addition, FreeCharge powered by Axis Bank enables the users to invest in
mutual funds and get easy credit through FreeCharge EMI. FreeCharge UPI and
payment gateway allows consumers to instantly send or receive money, shop
at leading offline and online merchants across categories movies,
entertainment, food, shopping, travel to get cashback & discounts. On 8 April
2015, Snapdeal acquired Freecharge in what is being referred to as the second
biggest take over in the Indian e-commerce sector so far, after the buy out of
Ibibo by rival MakeMyTrip, and the biggest venture capital exit in India to date.
The deal was for approximately US$400 million as cash and stock. On 27 July
2017, Axis Bank acquired FreeCharge for $60 million.
 Amazon Pay :

Amazon Pay is an online

payments processing service that is
owned by Amazon. Launched in 2007,
Amazon Pay uses the consumer base of
Amazon.com and focuses on giving users
the option to pay with their Amazon
accounts on external merchant
websites. As of January 2019 the service
is available in Austria, Belgium, Cyprus, Germany, Denmark, Spain, France,
Hungary, Luxembourg, Republic of Ireland, India, Italy, Japan, Netherlands,
Portugal, Sweden, United Kingdom, United States.