Payworld

Last updated
Payworld
Payworld Official Logo.jpg
Type of business Private
Founded2006
Area served India
Founder(s) Sugal & Damani group
URL www.payworldindia.com

Payworld is an Indian fintech company headquartered in Gurgaon, Haryana. [1] [2] The company was founded in 2006 by the Sugal & Damani group. [3] [4] [5]

Contents

History

In 2006, Payworld started with electronic pre-paid voucher distribution for mobile phones in Madhya Pradesh, Uttar Pradesh and Gujarat. It is present in 23 states and 630 districts and 80000 villages across India. [6]

Payworld started its business with telecom partnerships; it now has more than 100 partnerships across various sectors. The company's total transaction value in 2016-2017 was ₹1600 crores and ₹3800 crores in 2017-2018. [7] [8]

Payworld Money

Payworld Money is a mobile wallet approved by the RBI. Payworld claims 10 million users in 2017. [9]

Payworld is a GST Suvidha provider (GST Filing) as defined by the Goods and Services Tax Network (GSTN) in India. [10]

References

  1. ↑ "Payworld mPOS - A boon for small merchants". Business Standard India. 23 November 2016.
  2. ↑ Bhakta, Pratik (1 June 2016). "Payworld launches Payworld Bazaar for assisted ecommerce". The Economic Times .
  3. ↑ "Stressed with cash issues? Payworld could be a blessing in disguise". Deccan Chronicle . 26 December 2016.
  4. ↑ "Fintech firm Payworld focuses on insurance, loans for growth". Moneycontrol.com .
  5. ↑ Choudhary, Anuradha (2016-12-19). "Payments firm Payworld India scouts for a strategic partner". mint. Retrieved 2020-12-04.
  6. ↑ "Rebooting Bharat: Why the challenge to take digital payment to rural India is as huge as the opportunity". The Economic Times .
  7. ↑ "Payworld expects to cross Rs 7,000 cr revenue by 2018-19 - Times of India". The Times of India .
  8. ↑ "Payworld expects to cross Rs 7,000 cr revenue by 2018-19". Business Standard India. Press Trust of India. 5 February 2017.
  9. ↑ "Soon, your e-wallet will help you get loan too - ET Telecom". ETTelecom.com. Archived from the original on 2018-04-18. Retrieved 2018-04-18.
  10. ↑ "Payworld shortlists as one of the GST Suvidha Provider". Business Standard India. 16 December 2016.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.