Company
Paytm
TL;DR
Indian fintech company founded in 2010 as a mobile payments platform.
Indian fintech company founded in 2010 as a mobile payments platform. Expanded to banking, wealth management, and insurance, serving 450 million users as of 2023.
The chapter cites Paytm as a convergent evolution example with Revolut, WeChat, and Grab. Paytm's emphasis on offline payments (QR codes for small merchants) reflects adaptation to India's larger cash economy and less developed merchant infrastructure.