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Type of business | Private |
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Founded | 2006 |
Area served | India |
Founder(s) | Sugal & Damani group |
URL | www |
Payworld is an Indian fintech company based that provides services including money transfer, recharges, and bill payments. [1] [2] The company was founded in 2006 by the Sugal & Damani group and has its headquarters in Gurgaon, Haryana. [3] [4] [5]
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 is a mobile wallet approved by the RBI. Payworld claims 10 million users in 2017. [9] This wallet processed more than 3.8 million transactions with a GTV of $130 million in 2016-2017.
Payworld is short-listed as GST Suvidha provider (GST Filing) by Goods and Services Tax Network (GSTN) in India along with other 33 GST Suvidha providers including TCS, Ernst, Deloitte, Mastek and more. [10]
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