<p>Mobile commerce platform Paytm has achieved has crossed 100 million Paytm Wallet users who carry out over 75 million transactions every month.<br><br>By reaching at this stage, Paytm has moved an inched closer towards its larger vision of transforming India into a “cash-free” economy. <br><br>Accepted by over 80,000 merchants, Paytm plans to reach 10 million merchants by end of next year. Users can load money to Paytm wallet using debit card, credit card, net banking and over 20,000 cash deposit points. It is partnering with various banks to enable users to add money through bank branch and ATM machines, company said in a press statement.<br><br>Vijay Shekhar Sharma, Paytm founder and CEO, said “Today with over 100 million Paytm wallets, India has committed towards a less-cash society.”<br><br>Paytm started by offering mobile recharge and utility bill payments and currently it offers a full marketplace to consumers on its mobile application. It authorises inter-wallet or person-to-person money transfers and wallet-to-bank transfers. Such services have helped Paytm offer great advantage to those who are often left out of the fold of financial inclusion in the country. The Paytm Wallet has also eliminated the safety and convenience-related concerns that accompany carrying huge amounts of cash.<br><br><em>(BW Online Bureau)</em></p>
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