Paytm has been at the forefront of India's digital
revolution with its technology-led innovations that have empowered users with a
'Made in India' payments platform.
The fintech firm's revamped platform is expected to further
power its fast, secure and seamless payments.
Paytm's new payments infrastructure will promote sustainable
growth of digital payments and financial services in India.
"With a world-class platform that can handle up to 10X
of the current scale, Paytm has set a gold standard for fintech, aimed at
handling fast-growing digital payments opportunities in the country," it
said in a release.
After revolutionising mobile, QR and Soundbox payments, the
company's new platform will transform digital transactions, enabling affordable
access to financial services.
The digital disruptor made waves in digital payments with
its iconic Soundbox, which is yet another shining example of 'Make in India'.
The fintech pioneer has already displayed its tech prowess
by building digital payments technology for Japan.
"As a key milestone of the journey of Paytm payments
platforms from pioneering new innovations to building solutions for India's
small and large merchants, we have come a long way. Today by making sure that
every component of our technology is made in-house, we have proved that India
can build world-class technology software of scale," said Vijay Shekhar
Sharma, Founder, and CEO - Paytm.
"We have built a new operational risks system and fraud
management from ground up, catering to India's payments growth. This platform
will be able to scale to the next up to 10X payments in India. We are here to
serve India with a technology made in India. We are proud that we are making
this in India for the world," Sharma added.