Paytm is an Indian digital payment and e-commerce company with headquarters in Noida, Uttar Pradesh, India. It was founded in August 2010 by Vijay Shekhar Sharma as a mobile recharge and bill payment platform. It started as a subsidiary of One97 Communications Limited but later became a separate entity.

The main product of Paytm is its digital wallet, which allows users to make online payments and transactions. Users can load money into their wallets and then use it to pay bills, recharge mobile and DTH services, book movie tickets, and shop online from a wide range of categories. Paytm also offers a platform for merchants to accept digital payments and provides solutions for small businesses to manage their finances.

Paytm has expanded its operations on a global scale. It has subsidiaries in Canada and Japan, which cater to the needs of local markets in those countries. In addition, Paytm has formed joint ventures with Alibaba Group in India, Alibaba's Ant Financial in Singapore, and SoftBank in Japan.

Paytm has achieved a strong market position in India and has emerged as one of the leading digital payment platforms in the country. It faces competition from other players like Google Pay, PhonePe, and Amazon Pay. However, Paytm has managed to maintain its market share and continues to grow its user base.

Over the years, Paytm has witnessed significant milestones and changes in its strategy. In 2016, it launched Paytm Payments Bank, becoming the first payment platform in India to offer banking services. This move aimed to provide financial services to underbanked populations in the country.

Additionally, Paytm has introduced several new features and partnerships to enhance its offerings, such as introducing Paytm Mall for online shopping and partnering with various merchants and service providers. As of its current status, Paytm continues to expand its user base and strengthen its market presence. It has recently launched Paytm Insurance to provide insurance products to its customers.

Paytm also has plans to diversify into lending and wealth management services. Its strong brand recognition and innovative offerings position it as a key player in the digital payment and e-commerce industry in India. In conclusion, Paytm is an Indian digital payment and e-commerce company that has gained prominence in the Indian market.

With its wide range of services, partnerships, and global expansion, Paytm has established itself as a leading player in the industry